In-app currencies of Mobile games used for Money Laundering by Cyber Crooks!
Mobile Games are now more popular then PC games. Mobile games generate billions of dollars in revenue. Cyber crooks have found a way to exploit the in-game currency to launder real money without the fear of being tracked by government agencies.
The cyber crooks have created a system where they use fake Apple accounts and fake gaming profiles to carry out transactions using stolen credit or debit cards. These game accounts are then sold online for real money and it is transacted using online E-wallet apps.
The operation came to light when the researchers stumbled upon a MongoDB database that was left exposed on the internet without any login or password. The free access to this database revealed that it had details of more than 150,000 unique card details which recorded the card number, expiration date and the CVV.
The MongoDB database revealed that the details on the sheet were not some ordinary company data but something else entirely. Upon closer inspection, it was deduced that it belonged to credit card thieves or more commonly known as carders. The details on the database were relatively new, not older than a few months.
The cyber crooks were using the services of a special tool to create many new iOS accounts that had valid email accounts attached to them. These game accounts were then connected with stolen credit cards to carry out in-app purchases of game features for various games on jailbroken iOS devices.
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The operation came to light when the researchers stumbled upon a MongoDB database that was left exposed on the internet without any login or password. The free access to this database revealed that it had details of more than 150,000 unique card details which recorded the card number, expiration date and the CVV.
The MongoDB database revealed that the details on the sheet were not some ordinary company data but something else entirely. Upon closer inspection, it was deduced that it belonged to credit card thieves or more commonly known as carders. The details on the database were relatively new, not older than a few months.
The cyber crooks were using the services of a special tool to create many new iOS accounts that had valid email accounts attached to them. These game accounts were then connected with stolen credit cards to carry out in-app purchases of game features for various games on jailbroken iOS devices.
Read Full News
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