Indian Hacker Pleads Innocence to Hacking in US

A man from Chennai (India) named Jaisankar Marimuthu aged 34 years is found innocent to charges which accuse him of breaking into Internet brokerage accounts and of tampering with stock prices, as reported by PCWorld on July 8, 2009.

According to reports, on June 20, 2009, Marimuthu was handed over to the US authorities from Hong Kong that charged him for involvement in so-called global “hack, pump-and-dump” scam.

During 2006, when the scam was launched, hackers such as Marimuthu used spam mails to raise share prices by spreading the false news that talked high of a target company. Soon the stock prices actually rose in the market and the miscreants sold off personal holdings i.e. the shares they accumulated from the company.

Full Story: Spam Fighter

Website for Indian Institute of Remote Sensing under attack

Cyber criminals work hard each day trying to spread their malicious activities, and there are no signs that they are going to stop. On the contrary, they are doing their best to improve their attacks and increase the success of them. This time security experts from Finjan are warning everybody against the hacked ‘iirs-nrsa.gov.in’ website of India’s Institute of Remote Sensing. Cyber criminals are using this website as a malicious code distribution channel.

How does the whole attack occur? And what is the hackers purpose of using it? The attack involves the injection of a script into a website which adds an IFrame to the page. The researchers from Finjan explained that “The IFrame created by this script points to malicious content hosted on a server in Texas armed with the LuckySploit attack toolkit.”

Full Story: PC1 News