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Ozarks Technical Community College robbed of nearly $900k

bransontrilakesnews.com

41–50 of 88 posts

Re: Ozarks Technical Community College robbed of nearly $900k

#41
post #6

Earlier quoted context omitted.

EFTs are reversible but have much lower limits. To move this much money they probably used a bank wire. This can be reversible if you catch it in time. But wires happen so fast the thieves will surely transfer the money elsewhere before the originator even finds out.

Are the banks not liable, when they don't know there customer?

Do the banks in this case provide some assurance / can they be sure who is on the other end of the transfer?

Re: Ozarks Technical Community College robbed of nearly $900k

#42
post #16

Earlier quoted context omitted.

Are the banks not liable, when they don't know there customer?

The thief’s can wire it to an account in an offshore country where US authorities would have no power.

I still don't quite get this. I always imagined a bank wire as a data transfer, and that an actual settlement of hard currency happens sometime thereafter. How is it irreversible, in this regard?

Re: Ozarks Technical Community College robbed of nearly $900k

#43

Naive question, but why can't banks undo a fraudulent transaction? Is there no such framework in place?

The scammers typically recruit fall guys to open accounts to receive the funds by offering them some small portion of the take. Along with a story about it being a favor , like "I'm from outside the country and don't have a bank account to receive my recent inheritance, etc".

With perhaps some intermediate transfers to other fall guys if it's a large amount.

The funds are withdrawn in sub $10k chunks by the fall guys in cash as they arrive and the larger portion handed over to the scammer.

Re: Ozarks Technical Community College robbed of nearly $900k

#44
> 451: Unavailable due to legal reasons

> We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact internet@bransontrilakesnews.com or call 417-334-3161.

lol.

Archive link for other Europeans: https://archive.ph/YtPLb

Re: Ozarks Technical Community College robbed of nearly $900k

#45
post #33
post #21

Earlier quoted context omitted.

On the other hand, I’m seeing more and more legitimate stuff land in Gmail’s spam filter. Like virtually of San Francisco Marathon’s newsletters. Sure they’re pushy and really really want you to sign up for more races and I definitely need to unsubscribe … but I did subscribe and that means it isn’t spam.

One of the things that I assume happens is that, even when people have explicitly signed up for something or at least not opted out of receiving updates etc., they'll just "report spam" rather than unsubscribe and when enough people do this it gets put in everyone's spam folder unless enough people reclassify it. There's not much stuff that ends up in my spam folder that I really care about and a fair bit I don't kno…

> at least not opted out of receiving updates etc

I still consider that spam; successfully hiding the checkbox from me doesn't mean that I want the emails.

I report them as spam in the hopes that it will force them to switch to an opt-in system.

Re: Ozarks Technical Community College robbed of nearly $900k

#46
https://archive.ph/YtPLb

The site is not available for European visiotrs due to legal reasons:

>>> We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time.

Re: Ozarks Technical Community College robbed of nearly $900k

#47
post #36

I feel like spammers and cyber criminals are getting better. Stuff is starting to get through Google spam filter by mashing up with elements that seem very real and urgent. Like yesterday I got this spam in my Gmail primary inbox with a subject line like "RE: Department of Education Case #295720186". It made me wonder if you could autogenerate filter-evading spam using GANs? Train a GAN to generate email that fools a…

Like it or not, this is the price of "privacy". Being able to easily pretend to be anyone, in the absence of an overarching identity framework -- and leaving identity recognition to the end user -- makes cybercrime a lot easier than it has to be.

I agree with the easier part, but maybe not the "than it has to be" part.

Re: Ozarks Technical Community College robbed of nearly $900k

#48
post #36

I feel like spammers and cyber criminals are getting better. Stuff is starting to get through Google spam filter by mashing up with elements that seem very real and urgent. Like yesterday I got this spam in my Gmail primary inbox with a subject line like "RE: Department of Education Case #295720186". It made me wonder if you could autogenerate filter-evading spam using GANs? Train a GAN to generate email that fools a…

Like it or not, this is the price of "privacy". Being able to easily pretend to be anyone, in the absence of an overarching identity framework -- and leaving identity recognition to the end user -- makes cybercrime a lot easier than it has to be.

This is a really upsidedown take. Spam was rampant prior to better safeguards around privacy, for one. It almost took down the internet iirc.

Re: Ozarks Technical Community College robbed of nearly $900k

#49
post #36

I feel like spammers and cyber criminals are getting better. Stuff is starting to get through Google spam filter by mashing up with elements that seem very real and urgent. Like yesterday I got this spam in my Gmail primary inbox with a subject line like "RE: Department of Education Case #295720186". It made me wonder if you could autogenerate filter-evading spam using GANs? Train a GAN to generate email that fools a…

Like it or not, this is the price of "privacy". Being able to easily pretend to be anyone, in the absence of an overarching identity framework -- and leaving identity recognition to the end user -- makes cybercrime a lot easier than it has to be.

Privacy does not mean anonymous interaction with known parties. It means the CIA can’t see me make an account transfer over the wire. In other words, without a warrant. Authentication and privacy are compatible. Privacy and anonymity are orthogonal.

Re: Ozarks Technical Community College robbed of nearly $900k

#50
post #46

https://archive.ph/YtPLb The site is not available for European visiotrs due to legal reasons: >>> We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time.

For websites with specifically-American audiences, it can often be easier to only allow people from their intended readership access than to correctly understand and implement compliance to a foreign law. In this case, it's a local news website.
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