Thursday, February 4, 2010

Like we didn't all see this coming ...

European Carbon Emissions Trading Markets are not only the center of fraud, they're attracting Phishers:
Sneaky cyber-thieves have made millions by fraudulently obtaining European greenhouse gas emissions allowances and reselling them. The scam has hampered trading of the credits, which are seen as an important tool in curbing climate change, in several European countries.
Basically, the Bad Guy sends an email to a company, saying that they're from the German Government Department than handles Emissions Credits. The email asks for the company's login credentials.

Unsurprisingly, sometimes people give the password out. Of course, the Bad Guy then sells the credits, pocketing the fee. Millions of Euros have been scammed this way.

This is my shocked face.

No comments: