Forest Global Training Partners

Cyber Risks · Krebs on Security

Earn a Diploma from Scam U

Summary: A program marketed on fraud forums as Cash Paradise University charges new scammers $50 for basic online fraud instruction, $75 for a 2-3 hour course in selling hacked Skype accounts loaded with stolen card funds, and at least $500 for an 18-hour master class on building a ZeuS Trojan botnet. The instructor's forum profile says more than a dozen novices have paid for and completed the coursework, and the school accepts only irreversible payment such as Western Union, WebMoney and Liberty Reserve.

Bottom line: The article notes stolen credit card numbers sell for about $1.50 on the black market, and that a scammer can buy training for a fraction of the cost of a professional security bootcamp - a price gap that favors the attacker's side of the ledger.

Read the original at Krebs on Security ↗

Topics
Fraud & Scams
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