Thursday, October 13, 2011

11 Million Euro Loss - 1 Million in Profits - VoIP Fraud

Recent Voice over IP fraud attackers made over 1 million Euro in profits. 
It seems that they simply were scanning for PBX servers with phone extensions that have weak passwords. Then they abused these accounts to make phone calls for "free", except that free has the price of 11 million EUR for the service provider victims!

Apparently, originally they used these accounts for their own personal phone calls. However they got greedy and between October 2009 to February 2010, they made 23500 calls / 315000 minutes to premium numbers. Then (from what I understood), they got even more greedy and used a Shadow Communication Company and prices for premium numbers that then linked to another site further obfuscating their "business." Using this scheme they recruited other people to make  1,541,187 fraudulent calls or 11,094,167 minutes of talk time.

They used other premium numbers affiliate networks at first and then, when they realized the potential, they set up a company in the UK - Shadow Communications Inc. - through which they were able to sign a  contract on their own with a premium rate number provider and offer their own affiliates service, basically taking their "business" to a whole new level.

One of the original articles on this can be found here.

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