Cyber criminals develop service to protect themselves from scammers

Cyber crime is a competitive business, particularly for those who buy and sell their dubious services via online marketplaces. But that competition can lead to the scammers being scammed. So called 'rippers' seek to defraud other criminals by selling dumps of fake social media credentials or invalid credit card details, or taking money without delivering the promised goods. Needless to say this doesn't go down all that well in the criminal fraternity and experts at cyber security company Digital Shadows have discovered and mapped a fast-growing service called Ripper.cc that cybercrime backers have created to blacklist the frauds and fakers… [Continue Reading]