'Pump-and-Dump' Spam Surge Linked to Russian Bot Herders
I've been wondering about the large number of stock tip emails that have been hitting my email account. Turns out it is the work of a group of Rooskie underworld bastids running an unbelievably sophisticated bot-net hacking scam. Ryan Naraine at eWeek has the scoop.
The recent surge in e-mail spam hawking penny stocks and penis enlargement pills is the handiwork of Russian hackers running a botnet powered by tens of thousands of hijacked computers.
Internet security researchers and law enforcement authorities have traced the operation to a well-organized hacking gang controlling a 70,000-strong peer-to-peer botnet seeded with the SpamThru Trojan.
According to Joe Stewart, senior security researcher at SecureWorks, in Atlanta, the gang functions with a level of sophistication rarely seen in the hacking underworld.