Organizations on New Payment

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3 Δεκ 2013 (πριν από 3 χρόνια και 10 μήνες)

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The Impact of Global Criminal
Organizations on New Payment
Systems

1

The Impact of
Global

Criminal Organizations on New Payment Systems

Anonymous Economy Introduction


Panel Discussion


Panelists: David Dunn, Manager, Threat Intelligence, FIS Global



Erik Rasmussen, International Security Operations and Global



Incident Response, FIS Global

Moderator: Scott Dueweke, Anonymous Payments and Identities Lead

Booz Allen Hamilton









2

Alternative Payment Systems (APS):
Used broadly for criminal
purposes

Ad on Russian hacker sites reads:


Bank Robbers for Hire


“We provide convenient service to our partners:

Unique administrative interface


fast response

We will react momentarily to any new task

Adapt every action of a money mule to client’s
requirements


Timely payments via WebMoney/Liberty
Reserve/Western Union, cash conversion with
WU/MG


Cashout of tax return, D + P (dump & PIN, cashout
of debit cards stolen via skimming)


Receive over mail or expensive merchandise pick up
in a store


Mules are available for other interesting transactions

We work only by reference.”

3

Russian organized crime taking a leadership role…..

http://krebsonsecurity.com/2012/10/project
-
blitzkrieg
-
promises
-
more
-
aggressive
-
cyberheists
-
against
-
u
-
s
-
banks/

“We
offer a solution to keep your funding anonymous, and we only accept anonymous payments by
Bitcoin

and Liberty
Reserve”

2ue35wfkmo3dlgjm.onion
/


Here are some interesting facts from the hidden service:


The provide virtual pre
-
paid gift cards (VCCs)


They provide anonymous physical debit cards


There is no name on the card, or attached to the account (this one we don’t understand)


The cards also come with an IBAN bank number

Note that we do not promote, condone or support the hidden services described above. This post is
strictly for research purposes and should only be treated and used as such.



4

Alternative/Anonymous Payments can be Part of an Ecosystem

Hawalas
(multiple)

Afghanistan

Real Estate

Trade
-
Based $
Laundering

Taliban

Front
Companies

Intermediaries

Drug
Markets

Banks

Regional
Stock
Markets

Alternative/

Anonymous
Systems

Weapons

Electronics

Vehicles

5

Anonymous Payments Provider Liberty Reserve Shut Down

6

The best known Darknet marketplace shut down last week.

7

Most APS can be seen as one of five main types

some fall into
more than one category based on what services they provide

Type of APS

Services Provided

Key Differentiators

Example Firms

Digital Cash

Providers

(DC)


Provide

digital value for transfer or
storage


Include cryptocurrencies, e
-
precious
metals, fiat

currency based systems,
virtual world/game currencies


Transactional exchange,
no
accounts or records


Can be anonymous


Cash
-
U


Bitcoin


Pecunix


Linden Dollars


Internet Payment
Providers

(IPP)


Online platform to hold, transfer,
receive or exchange digital currency


User must create
account for
ongoing use


Varying degrees of anonymity


WebMoney


Liberty Reserve


PayPal

Digital Currency
Exchanger
s
(DCE)


Exchange real and digital currencies
for one another



Mostly online vendors


Traditional hawaladars, FOREX,
and gold exchangers may offer
DCE’s


DuyDuy Changer
(Indonesia)


MtGox (Bitcoin
-
only)


Karsha (Iran)

Mobile Payment

Systems (MPS)


Provide payment services through
mobile phones usually using SMS


Telecom provides bank
-
like
services


May not include a bank


Servicing unbanked millions


M
-
Pesa (Kenya)


M
-
Paisa (Pakistan)


PayPal

Payment Cards

(PC)


Include

s
tored

value debit cards and
virtual credit cards


PC’s provide another

way

moving
value in/out of IP/MPS/DCE/DC


Many are anonymous


Some have very high load limits
(>$100k)


Some can be used at ATMs


Visa


Mastercard


American Express


Bank of China

C
ombining APS to complete transactions can increase anonymity

8

Thank You!



For more information please contact:








Booz Allen & Hamilton Inc.

13200 Woodland Park Rd.

Herndon, VA 20171

Mobile 540
-
671
-
0400

Scott_dueweke@bah.com

Scott Dueweke

Senior Associate