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Ferrari Offered to Hacker with Best Online Scam Featured Image

Ferrari Offered to Hacker with Best Online Scam

by: Bryon Turcotte  /  May 14, 2014

The European Cybercrime Centre (EC3) recently reported that "_a top cybercrime boss_" will reward any hacker – with a Ferrari sports car – who can design "_the best online scam_", according to an article published on the Naked Security website. The article indicates that this individual has offered "_many gifts," including the Ferrari, "_to young talent via a video posted online._" A "_professionally produced_" video, according to Naked Security, "_featured the Ferrari and a Porsche," women and an individual who announces, "_those who make the most money can get this car."

The article outlined that 85% of cybercrime currently "originates in Russian-speaking countries_" – a region of our world where prosecuting attackers of "_western targets_" is very challenging for law enforcement agencies. Troels Oerting, interim Head of [Europol's Counter-Terrorism and Financial Intelligence Centre](Counter%20Terrorism and Financial Intelligence Centre), was quoted in the article saying, "_They are very, very good at locating themselves in jurisdictions that are difficult for us. If we can pursue them to arrest, we will have to prosecute by handing over the case. Even if they will do it, it's a very cumbersome and slow process. You can wait until they leave the country, then get them. That's a comparatively small volume. The police ability stops at the border."

Authorities note that a "two-tier_" society exists in Europe today where "_the wealthy can pay to protect themselves, while those less well off may be unable to afford protection and, therefore, are much more vulnerable to identity theft and other online crimes", according to the report. Oerting warned as the article continued to quote him, saying, "We have 28 different legislations, but we have one new crime phenomenon. If you're rich, you live in a nice place with a fence around it with CCTV, but if you're poor. … On the internet, some will be able to protect, some will not." Cybercrime gangs and organizations are actively and seriously recruiting "young programmers from universities and spotting other creative talents online." They will pull them in with the "_offer of flash sports cars." Oerting clarified that these activities and offers are "_a sign of how far global cybercrime bosses would go to attract and retain the best technological minds," according to the article.

Read more in the complete article about how the underworld in today's cyberspace is continually challenging law enforcement and society to find more effective ways to fight these activities and keep today's young and promising minds away from this criminal element.

Written by Bryon Turcotte  /  May 14, 2014