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kareena Kapoor actressA 26-year-old Belarusian man has admitted to running an identity theft website designed to thwart the antifraud measures used by many banks.
Until he was arrested in April 2010, Dmitry Naskovetz had been the mastermind behind CallService.biz, a website that helped more than 2,000 identity thieves commit fraud. CallService employed a network of English and German speakers who would call up banks, pretending to be ID theft victims, and confirm fraudulent transactions rung up by the criminals.
This business neatly skirted antifraud measures put in place by many U.S. banks, which often ask cardholders to phone in to confirm suspicious transactions.
Naskovets would make sure his callers were the correct gender, and then tell them exactly what to say to ensure that the bogus purchases went through. He'd give his callers a dossier on the victim, including the name, e-mail address, Social Security number and answers to security questions such as "What city were you married in?" and "What is the name of your oldest sibling?"
In light of the former Egyptian regime's move to cut off internet access as means to silence protesters, critics of a U.S. Senate proposal worry it would give the president the same type of authority in the United States, even in the legislation's revised form.
The Cybersecurity and Internet Freedom Act [.pdf], introduced last week by Sens. Joe Lieberman, I-Conn.; Susan Collins, R-Maine; and Tom Carper, D-Del, aims to secure the nation's most sensitive critical cyber infrastructures.
The legislation is a revised version of a highly contested bill first introduced last year as The Protecting Cyberspace as a National Asset Act of 2010. The original bill drew harsh criticism for a provision that critics said would give the president kill-switch-like power to shut down the internet.
The newly updated legislation contains no such provision, the senators said in a statement released late last week. Moreover, it contains "explicit" language prohibiting the president or any other U.S. government employee from shutting down the internet, they said.
Efforts by security sleuths AusCERT to inform victims of fraud and identity theft that their details have been hijacked are being torpedoed by laws preventing the reverse-engineering of passwords.
Logs contained within any malware, such as key loggers or trojans, record which information (such as credit card numbers) has been captured from each victim. This enables investigators to ascertain the identity of victims and the extent of their exposure.
These logs, however, are increasingly protected by passwords, following a trend begun around three years ago. Despite AusCERT's government recognition as a crime-fighting organisation, it is not allowed by law to crack the passwords even though they are set by criminals.
AusCERT head Graham Ingram said the logs were previously viewable in plain text, but are now stored in a protected MySQL format.
"They are encrypted and we can't break that by law," he told an audience at the National Security Australia conference in Sydney yesterday.
"The logs can help identify victims who have had credentials stolen."

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