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Law enforcement can move fast - when the criminal conduct involves the reputation of governments. Reveals gaping hole in US government e-mail security - and one that, with hindsight, seems blindingly obvious.

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As internet crime spikes with coronavirus related fraud, an oldie - the work for us and we'll pay you - fraud returns. The anatomy of this one is interesting.

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A Russian national who runs Evil Corp has been indicted in the United States following unprecedented collaboration between the NCA, the FBI and the National Cyber Security Centre.

Do you know this man?

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Washington 5 December 2019 – Today the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action against Evil Corp, the Russia-based cybercriminal organization responsible for the development and distribution of the Dridex malware.

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The USA's cyber-security agency, US-CERT, has issued an alert relating Dridex Malware which targets the financial sector. It follows work by various government departments including FinCEN.

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In this exclusive multi-part analysis, World Money Laundering Report looks at blockchains from a layman's perspective, demystifies the topic using plain language and often humour and explains some of the risks that it creates for regulators, investigators, providers of financial services and the public at large.

Note: there is nothing technical here. It's intended to be simple, bordering on the simplistic from a techy standpoint, for non technical people.

ICANN is the global supervisory body for internet domains. But it's a commercial concern, given the nod by, primarily, the US government. Its failure to take steps to prevent the registration of fraudulent domains is spectacular but that pales against its dismal performance when an obviously fraudulent domain is reported. We know. We tested it when a fraudster registered and used a domain designed to appear as belonging to HM Revenue and Customs, (see Fraud / phishing scam uses "close enough" UK Revenue domain. The US Government conspires to facilitate widespread internet crime.


In Part 3 of his analysis of whether insurance against internet crime is a viable business model for insurance companies, Nigel Morris-Cotterill demonstrates how the risks are wide and varied and cannot be accurately assessed, resulting in a bad business model for insurance companies.

Cleaning up the 'Net

An action plan to combat the use and abuse of the internet for financial crime

Nigel Morris-Cotterill
PMB Book Format: 
PMB Genre: 
Business and Professional
Vortex Centrum UK /...

The internet is not a thing, it is not a place, it is not a person.

The internet, of itself, does nothing. It performs no function.

The internet does not form intent. It has no conscience.

The internet is like the pipes in a domestic plumbing system.

The plumbing system allows the delivery of water to terminal points: taps, showers and toilets. The internet allows the delivery of instructions and information to terminal points - computers.

For all the criticism (mainly from the USA, it has to be said) of China's approach to the internet, there are actually lessons that the anarchic world of the global internet can learn. One is a stellar initiative from the Beijing Police.

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Internet fraudsters migrate from service to service, using the safety and security provided by anonymous e-mail services. A review of fraudulent accounts at a number of sites has shown that the current favourite is hotmail.com. Nigel Morris-Cotterill, a money laundering risk management strategist, calls for proper policing of free e-mail accounts and domain registrations, saying that the present free-for-all should end.

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