21ADFRAUD-master768

New York Times: Russian Hackers Stole Millions a Day With Bots and Fake Sites

December 20, 2016

SAN FRANCISCO — In a twist on the peddling of fake news to real people, researchers say that a Russian cyberforgery ring has created more than half a million fake internet users and 250,000 fake websites to trick advertisers into collectively paying as much as $5 million a day for video ads that are never watched. The fraud, which began in September and is still going on, represents a new level of sophistication among criminals who seek to profit by using bots — computer programs that pretend to be people — to cheat advertisers.

Russian Hackers Stole Millions a Day With Bots and Fake Sites
Ad Age

Ad Age

December 20, 2016

Next-Level 'MethBot' Ad-Fraud Scam Cost Advertisers At Least $3 Million Per Day, WhiteOps Says. A complex ad fraud scheme has been siphoning $3 million to $5 million per day since October from the largest U.S. brands and media companies, making it the most profitable and advanced operation seen by the industry to date, according to a new report from WhiteOps, an anti-ad fraud security firm.

Next-Level 'MethBot' Ad-Fraud Scam Cost Advertisers At Least $3 Million Per Day, WhiteOps Says
cnbc-hdr-logo2

CNBC

December 20, 2016

White Ops: Scam from Russia White Ops: Scam from Russia 6 Hours Ago | 03:29 A cybersecurity firm says it has uncovered a massive online scam that employs an army of automated web browsers to siphon millions of dollars of advertising per day away from U.S. media companies and brand-name advertisers. The firm, New York-based White Ops, has dubbed the operation "Methbot," because of references to meth buried in the computer code underlying the scam, and says it is the largest and most profitable fraud operation yet to strike digital advertising. The company says the scam, which it believes originated in Russia, is using a so-called bot net to fake views of as many as 300 million video ads per day and trick advertisers to pay for views that were never seen by humans.

Cyber firm says Russian 'Methbot' scam is defrauding digital advertisers
CSO-Online

CSO Online

December 20, 2016

Russian 'Methbot' scammers steal $3 to $5 mil a day by exploiting ad networks. A group of Russian cybercriminals is stealing between $3 and $5 million a day by diverting legitimate advertising revenues from over 6,000 brand-name websites such as ESPN, Vogue, Fortune, Fox News and CBS Sports. The criminals do this by using legitimate data centers to run hundreds of servers pretending to be real people watching hundreds of millions of video ads a day placed on more than a quarter million domains, according to a report released this morning.

Russian 'Methbot' scammers steal $3 to $5 mil a day by exploiting ad networks
Russian cybercriminals have built a new high-tech fraud enterprise: Showing real ads to fake people.

Russian 'methbot' fraud steals $180 million in online ads

The fraud has siphoned more than $180 million from the online ad industry, according to researchers. Dubbed "Methbot," it is a new twist in an increasingly complex world of online crime, according to White Ops, the cybersecurity firm that discovered the operation. "This is a very advanced cyber operation on a scale no one's seen before," said Eddie Schwartz, White Ops chief operating officer.

Russian cybercriminals have built a new high-tech fraud enterprise: Showing real ads to fake people.
Insight-CIO

Time to Combine

It’s not surprising that network and security teams aren’t always on the same page. After all, networks need to be fast and efficient, while security is about slowing things down and implementing extra steps to help meet security measures. But when a data breach or security threat strikes, businesses need both teams working together to help get it fixed as soon as possible, especially as networks become more intricate.

Read more
GettyImages-484919488

The internet is breaking. Here’s how to save it.

October 3, 2016

We could lose this internet. Or we could save it. I prefer the latter. And speaking to you as somewhat of an outsider – a hacker for decades, based in San Francisco – I need your help. I firmly believe we need something akin to a National Institutes for Health for Cybersecurity.

Read more
og-logo

25 Emerging Security Vendors To Watch

September 27, 2016

A wave of companies is entering the security field armed with technologies to help businesses mitigate the next generation of cyberattacks. Who are these emerging vendors and what can they offer?

Read more
michael-tiffany-headshot-750xx649-865-0-0

Online fraud detector White Ops closes Series B round

September 19, 2016

“As a group of white hat hackers, the goal of the White Ops team is to find a way to not just defend advertisers and their partners, but take the fight to the criminals and make a real impact,” said Michael Tiffany, CEO and co-founder at White Ops. “As a cyber security company in the digital ad industry, White Ops is uniquely positioned to empower our customers and partners to achieve extraordinary results against cybercrime–and actually take business back from the bad guys."

Read more
tiffany screenshot-2016-09-19-083947

White Ops Raises Funds, Seeks To Boost Demand From Supply-Siders

September 19, 2016

Having established a strong foothold with advertisers and agencies buying programmatic media, ad-fraud detector White Ops is ramping up its exposure on the supply side of the marketplace. White Ops, which has emerged as an ad-tech leader with its sophisticated bot fraud detection software, this morning announced a new round of funding -- a $20 million round led by its original investors -- and plans to use the capital to expand its presence globally and especially with the publishing community.

Read more
290x195cibreachcosts1

White Ops Raises $20M to Enhance Tech to Fight Online Ad Fraud

September 19, 2016

White Ops, whose security platform is aimed at protecting against botnet-related ad fraud, has raised $20M, bringing its total funding to $33M.

Read more
Screen Shot 2016-09-19 at 2.48.58 PM

The Cryptographic Key That Secures the Web Is Being Changed for the First Time

September 19, 2016

Soon, one of the most important cryptographic key pairs on the internet will be changed for the first time. The Internet Corporation for Assigned Names and Numbers (ICANN), the US-based non-profit responsible for various internet infrastructure tasks, will change the key pair that creates the first link in a long chain of cryptographic trust that lies underneath the Domain Name System, or DNS, the "phone book" of the internet.

Read more