Nigeria 419 scam targeting business world with RATs
by paganinip on July 27th, 2014
Experts at Palo Alto Networks uncovered a new Nigeria 419 scam scheme which is targeting businesses in a malicous campaign dubbed Silver Spaniel.
The Nigeria 419 schema adopted by criminal gangs world wide has been improved by scammers which are also including the use of remote access trojans (RATs).
A report published by the Palo Alto Networks firm titled “419 Evolution” revealed that scammmers are targeting businesses in Taiwan and South Korea with a malware purchased on hacker forums.
The Nigeria 419 scam is a popular form of upfront payment or money transfer scam, the name “Nigerian scam” was assigned because the first wave of illegal activities came from Nigeria, meanwhile the ‘4-1-9’ part of the name comes from the section of Nigeria’s Criminal Code which discovered the fraud scheme.