Cyber News Rundown: 10/13/17


Rigzone Founder Caught Stealing Data

Over the last few months, officials have been piecing together the case against Rigzone founder, David Kent. After selling the Rigzone domain several years ago, Kent used several backdoors he’d implemented to access account information for over 700,000 customers, which he then attempted to sell back to Rigzone. By setting up several dummy accounts, Rigzone staff determined the specific IP address Kent used and apprehend him.

Criminals Hack Eastern Europe Bank for Millions

In the last year, banks in several Eastern European countries have seen a drastic rise in fraudulent charges at ATMs that have allowed hackers to make off with nearly $40 million dollars. Attackers start by manipulating the banks overdraft protection and setting up proxies to allow accomplices in other countries withdraw massive quantities of money from separate accounts. In addition to spoofing the overdraft system, the attackers also installed remote access software on bank computers to enable further intrusion to the institution’s systems.

More on our blog here.