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The Impact of Global Criminal Organizations on New Payment Systems

The Impact of Global Criminal Organizations on New Payment Systems. The Impact of Global Criminal Organizations on New Payment Systems. Anonymous Economy Introduction Panel Discussion Panelists: David Dunn, Manager, Threat Intelligence, FIS Global

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The Impact of Global Criminal Organizations on New Payment Systems

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  1. The Impact of Global Criminal Organizations on New Payment Systems
  2. The Impact of Global Criminal Organizations on New Payment Systems Anonymous Economy IntroductionPanel DiscussionPanelists: David Dunn, Manager, Threat Intelligence, FIS Global Erik Rasmussen, International Security Operations and Global Incident Response, FIS Global Moderator: Scott Dueweke, Anonymous Payments and Identities Lead Booz Allen Hamilton
  3. Alternative Payment Systems (APS): Used broadly for criminal purposes Ad on Russian hacker sites reads: Bank Robbers for Hire “We provide convenient service to our partners: Unique administrative interface – fast response We will react momentarily to any new task Adapt every action of a money mule to client’s requirements Timely payments via WebMoney/Liberty Reserve/Western Union, cash conversion with WU/MG Cashout of tax return, D + P (dump & PIN, cashout of debit cards stolen via skimming) Receive over mail or expensive merchandise pick up in a store Mules are available for other interesting transactions We work only by reference.”
  4. Russian organized crime taking a leadership role….. “We offer a solution to keep your funding anonymous, and we only accept anonymous payments by Bitcoin and Liberty Reserve” 2ue35wfkmo3dlgjm.onion/ Here are some interesting facts from the hidden service: The provide virtual pre-paid gift cards (VCCs) They provide anonymous physical debit cards There is no name on the card, or attached to the account (this one we don’t understand) The cards also come with an IBAN bank number Note that we do not promote, condone or support the hidden services described above. This post is strictly for research purposes and should only be treated and used as such. http://krebsonsecurity.com/2012/10/project-blitzkrieg-promises-more-aggressive-cyberheists-against-u-s-banks/
  5. Banks Alternative/Anonymous Payments can be Part of an Ecosystem Regional Stock Markets Afghanistan Hawalas (multiple) Taliban Intermediaries Trade-Based $ Laundering Weapons Electronics Vehicles Real Estate Alternative/ Anonymous Systems Front Companies Drug Markets
  6. Anonymous Payments Provider Liberty Reserve Shut Down
  7. The best known Darknet marketplace shut down last week.
  8. Most APS can be seen as one of five main types—some fall into more than one category based on what services they provide Combining APS to complete transactions can increase anonymity
  9. Thank You! For more information please contact: Scott Dueweke Senior Associate Booz Allen & Hamilton Inc. 13200 Woodland Park Rd. Herndon, VA 20171 Mobile 540-671-0400 Scott_dueweke@bah.com
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