Chrono Pay’s Scareware Diaries
Summary: Leaked internal documents from ChronoPay, described as Russia's largest online payment processor, show the company founded and funded shell companies such as Innovagest2000, Yioliant Holdings and Flytech Classic Distribution Ltd. that were used to process payments for scareware, including domains like creativity-soft.com that charged Americans $50 to $150 for worthless security software. ChronoPay CEO Pavel Vrublevsky, who in 2009 denied any connection to Innovagest, told Krebs in a Moscow meeting that setting up such companies is simply what high-risk payment service providers do.
Why it matters: One leaked accounting document lists more than 75 pages of credit card transactions from Americans who paid $50 to $150 each to remove imaginary threats, and ChronoPay's own records show hundreds of people paid over $400 apiece to an icpp-online.com 'pre-trial settlement' scam it processed.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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