Banking malware in Brazil may be responsible for billions in losses

Re:Banking malware in Brazil may be responsible for billions... by forinti on Wednesday July 02, 2014 @09:44AM (#7976897)

Tangentially, in the documentary The Fog of War, Robert McNamara describes how accounting at Ford was so messed up that they had to weigh the invoices to estimate expenses. So this got me wondering if crooks don't just mail false invoices to large firms in case some pay without checking.

[ Parent | on HN ]

Re:Banking malware in Brazil may be responsible for billions... by raverbashing on Wednesday July 02, 2014 @10:01AM (#7976991)

> So this got me wondering if crooks don't just mail false invoices to large firms in case some pay without checking.

They do

Example: a company I knew (in Canada) displayed some fake invoices for "IP/Trademark registering" in Europe, of course the payment was optional, but if you don't pay attention it gets payed

[ Parent | on HN ]

Re:Banking malware in Brazil may be responsible for billions... by Ecio78 on Thursday July 03, 2014 @01:09AM (#7981535)

In my previous companies in Italy we received multiple times requests to renew the registration on some kind of internet company registry in Germany. Fortunately the accounting dept asked us in IT "what's this / should we pay it?" and we directly sent those letters to the trash.

[ Parent | on HN ]

Re:Banking malware in Brazil may be responsible for billions... by pavel_lishin on Wednesday July 02, 2014 @12:18PM (#7977843)

Somewhat similar to the 'office supply fraud': http://www.snopes.com/crime/fraud/supplies.asp

Or, for that matter, debt collection agencies sending notices for expired debt, and having small-print at the bottom explaining that you are under no obligation to repay this, but if you respond and/or make a payment, they'll be able to go after you for larger amounts. (I have one on my desk. I might frame it for when I need to look at something and have a chuckle.)

[ Parent | on HN ]

Re:Banking malware in Brazil may be responsible for billions... by hcarvalhoalves on Wednesday July 02, 2014 @01:08PM (#7978128)

That's exactly what they do.

One of the scams involves looking up WHOIS for thousands of domains and sending false domain renewal bank slips ("boletos"). Some will pay and never notice it's a scam.

What the article describes is a more sophisticated method using a malware though.

[ Parent | on HN ]

Re:Banking malware in Brazil may be responsible for billions... by e40 on Wednesday July 02, 2014 @10:14AM (#7977074)

I see them fairly regularly. It must be a money-making enterprise, otherwise they wouldn't do it.

[ Parent | on HN ]