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October 9, 2012 05:05 pm

Insurance For Cybercriminals, or Giant Sting?


tsu doh nimh writes "Brian Krebs follows up on a recent Slashdot discussion about a cybercrime gang that is recruiting botmasters to help with concerted heists against U.S. financial institutions. The story looks at the underground's skeptical response to this campaign, which is being led by a criminal hacker named vorVzakone ('thief in law'), who has released a series of videos about himself. vorVzakone also is offering a service called 'insurance from criminal prosecution,' in which miscreants can purchase protection from goons who specialize in bribing or intimidating Russian/Eastern European police into scuttling cybercrime investigations. For $100,000, the service also claims to have people willing to go to jail in place of the insured. Many in the criminal underground view the entire scheme as an elaborate police sting operation."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/EEwirWYsJok/insurance-for-cybercriminals-or-giant-sting

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