AD

Wednesday 5 June 2013

Liberty Reserve: Criminals face online cash dilemma

cash

Liberty Reserve pegged its own virtual currencies against the dollar and euro

If you try to block an ant trail with a stone, the ants will soon find a path around it and carry on with their activities.

Are we about to see the online equivalent as cybercriminals react to the takedown of Liberty Reserve, an anonymous internet payment system?

Fyodor Yarochkin believes so. He's a Taiwan-based cyber crime expert and security analyst who has spent time monitoring criminal websites.

He points to a Russian website that offers a "password cracking" service, enabling hackers to extract passwords from stolen data.

"It used to be a service which solely accepted Liberty Reserve," says Mr Yarochkin. "Now they have switched to the Azitos payment system - it took them a day."

Liberty US authorities seized control of Liberty Reserve's net domain name as part of the takedown

Liberty Reserve was the payment system of choice for many criminals, he says, because it was based outside the United States and Russia.

Some security experts have suggested a Moscow-based service called WebMoney is emerging as the favoured replacement, but Mr Yarochkin says some are wary of making the move.

"The biggest risk was always believed not to be that a payment system would be taken down, but that transactions would be investigated, and if WebMoney detect illegal activity they will lock your account," he says. This was not the case with Liberty Reserve.

But many criminals don't trust any of the payment systems completely, and larger players move their funds around the systems, using internet based exchanges to switch currencies and cover their tracks, Mr Yarochkin adds.

"The strategy is not to have all the eggs in one basket, so if one system gets taken down it just causes a temporary loss of some cash, but it doesn't have a serious impact on operation," he says.

"The Grugq" is the pseudonym used by an elusive cybercrime expert thought to act as a go-between used by hackers and US and European government agencies.

WEBMONEY

He tells the BBC that many criminals use internet cash systems to store cash and to fund operational expenses - such as paying for password cracking services - and the Liberty Reserve take down caught many of them off guard.

Talking via Skype from rural Thailand, he says: "This all came as a huge shock to them. I have never seen anyone being cautious about using Liberty Reserve, no- one ever worried that it wouldn't be around for ever.

"I would be confident that some people had tens or even hundreds of thousands of dollars in their accounts that have now vanished, and people I know that are involved in law enforcement find this highly amusing."

One reason that large amounts of a money are left in these internet currencies is the expense of converting them into cash. Traders who exchange digital currency for cash operate in many countries, but most charge a hefty commission, The Grugq says.

"In Thailand there is a guy called Stanislaw who takes 9% commission, and for that he will deliver cash to your door or provide a wire transfer," he says.

"In Malaysia I know of a man who will convert your web currency and send it by Western Union anywhere in the world for 9%, and I have no doubt that in the UK there is a Russian immigrant who will provide the same service."

The problem for major criminals is converting large amounts out of currencies like Liberty Reserve. "It can be very difficult finding someone who has liquid cash in non-trivial amounts," The Grugq points out.

"You are not going to find someone who can provide you with $1m in cash.

" A 9% commission may seem a high price to pay to turn ill-gotten gains into usable cash, but one of the reasons that currencies like Liberty Reserve are so popular - aside from the anonymity they provide - is that the costs are low compared to full blown money laundering services.

Mr Yarochkin says that cyber criminal s expect to pay commissions of up to 40% to have "dirty" money laundered and put in to accounts in the legitimate banking system.

The problem for many criminals now is finding a replacement with a stable exchange rate, according to The Grugq.

"There are only two major web currencies - Liberty Reserve and WebMoney - and as of a few years ago it has been widely understood that WebMoney is monitored by the FSB (the Russian Federal Security Service and successor organisation to the KGB), so people are paranoid about using it," he says.

LECTURE

US prosecutors allege that Liberty Reserve helped launder $6bn (£4bn) in criminal proceeds

Since he believes that switching to WebMoney in any big way is out of the question, The Grugq expects criminals will increasingly focus their attention on Bitcoin, a "peer-to-peer" virtual currency which has no centralised organisation that can be taken down.

Up to now it has not been widely used by Russian-speaking criminals, but it's likely that will change in the near future, he says.

But Bitcoin's weak points are the fact that its value fluctuates wildly, and that online exchanges which trade coins for cash anonymously could be regulated or shut down.

"Russian criminals like gold chains and displays of wealth, and you can't buy that with Bitcoins, so you will always need them to get cash out," The Grugq says.

Mt Gox, the biggest Bitcoin exchange, has already announced that its users must provide identification documents to use the service to withdraw cash, in what appears to be an effort to avoid displeasing US law enforcement agencies.

dollar

The US Treasury said in March that administrators of virtual currencies needed to follow its anti-money laundering rules

Misha Glenny - a British expert on cyber crime and author of Dark Market, a book on the internet underworld - believes WebMoney is proving popular with some criminals despite the fact it is being monitored.

He notes the FSB has tended not to bother with law breakers who target victims in the West.

"If you look at the amount of people that have been busted for hacking western targets, or the sentences they receive, it is minimal," he says.

"There is very little law enforcement against them," he says. "It will be interesting to see what the fate of Bitcoin will be though, because I know that law enforcement are sniffing around it."

But he says that new digital currencies are bound to spring up, and he believes they will continue to be used by criminals if they are set up in jurisdictions beyond the reach of the FBI.

libertyreserve

Liberty Reserve employees have yet to enter pleas or stand trial for claims they aided money laundering

So thanks to the Liberty Reserve takedown some cyber criminals have lost money and some traders have lost a stream of commissions. But has anything concrete been achieved in the fight against cybercrime?

"This is not a major setback for cybercriminals, it's more of an irritant, albeit a very annoying one," says The Grugq.

"But I have no doubt that within twenty- four hours most of them figured out another way of getting money from point A to point B. There is a lot of money and a lot of people involved in all this, and if you take out one part of the system they use they will adapt very quickly indeed." Very much, all in all, like ants. Source: BBC News

Thursday 30 May 2013

INFORMATION HOME: 35 exchangers to be seized by the U.S. !!! |30 of...

INFORMATION HOME: 35 exchangers to be seized by the U.S. !!! |
30 of...
: Hi to all, to those who are affected by this news. Be careful on how you handle your online money. --------------------- To add insult...

35 exchangers to be seized by the U.S. !!! | 30 of May, 2013

Hi to all, to those who are affected by this news. Be careful on how you handle your online money. ---------------------

35-exchangers-to-be-seized

To add insult to injury (as if the bad news wasn't enough), now is one big news that can potentially send a domino effect and destroy a majority of online income opportunity and alternate payment processors.

A lot of site owners rely on exchangers to fund their payment processors and offer such methods of payments to its members. Without exchangers, this means that many alternatives would shut down such as PM, HDMoney and many others that rely heavily on exchangers. Going after exchangers is a good method to going after other payment processors that the US cannot touch and would create a domino effect.

HYIPs rely on exchangers. So do online casinos, so does MTV even.

Bank wires and check would be an expensive alternative that would not be convenient for the majority of member base across PTC, GPT and other types of industries that allow for a legitimate source of income.

All that will be left online is PayPal for eCommerce and earning from PTC / GPT. What a good way to tackle a great majority of unregulated casinos, HYIP and scams, but in the process you are also affecting a large member base of legit sites.

PayPal, & Payza not accepting investment sites of any kind, and no more alternate processors no more exchangers, there goes the PTC industry that relied HEAVILY on such advertisers !

Friday 10 May 2013

This is just a Re-View on How to Make Money Online

how-to-make-money-online

The idea of getting rich quick and making easy money online is part of Nigerian Youths Dream. Who hasn't spent time daydreaming about becoming one of those overnight millionaires? But your high school economics teacher was probably right: There's no such thing as a free lunch. With the exception of the occasional lottery winner, making real money takes time and effort. Still, there are legitimate ways you can make extra money to supplement the income from your day job, without breaking your back.

The secret to making money isn't working at a high-paying job, it’s finding creative solutions to people’s problems or Investing for interest (which is what am going to be talking about in my next updates), and it doesn't take a fancy degree to do that. To get your creative juices flowing, you need to BookMark us on your Device because we are here to give you the common and not-so-common ways of lining your pockets.

you’ll also find more general financial advice as well as some money-making ideas on ''How to(s)''

Thursday 2 May 2013

HOW TO GET PAID WHILE YOU TWEET ABOUT WHAT YOU SUPPORT (Get paid to Tweet)

I am delighted to have this topic as part of the How To's i will be giving this month of May we just worked in.
sponsoredtweets
This guide will show you in details how you can use Twitter as a powerful word of mouth advertising tool and make some pretty decent money by doing so.
Every method, program or system discussed in this guide is 100% free and you don't have to sign up to any e-mail marketing list to get the information you need.
Before we jump into it, we need to be clear on a few things. Making money with Twitter is not anywhere as easy as many people w ould like to have you believe. A large amount of people that set out to make money with Twitter never manage to make more then a few dollars a month. In order to make good money with Twitter you need to start with good foundations. You need to be prepared to work hard and you need to do your best to maintain a positive mindset.
A Little Bit About How People Make Money With Twitter
There are basically two ways you can make money with Twitter.
You can promote your own products and services or you can promote other peoples products and services. This guide will focus on promoting other peoples products and services through the use of 3rd party social media marketing services, this practise is often called "paid to tweet".
Twitter being a social networking platform or a social network is the fastest growing active users (Reported on https://www.globalwebindex.net/Stream-Social), and it is a means or act of making money online. Do you know you can make cool cash from your twitter's tweets and followers?
Sit tight to read more info! Will be updating the remaing soon...

Saturday 20 April 2013

What Rippln is All About

Start Your Global Ripple Today (Rippln) Ripplnmobile

Ever wonder where’d you be today if you had a front row seat at the Apple launch, or if you had bought the first public shares of Google or Microsoft?

Being on the front row as history is being made is one of life’s most exciting moments. Imagine being one of the first 100 people to use Gutenberg’s printing press.

Would that have made you feel special? Regardless of how you felt, it would have made you special.

Today, you have that same opportunity. With hundreds of millions of venture capital dollars on the table for new tech products – most of the mobile apps – scheduled to hit the market in the next 12 months, you do not want to be left on the side lines waiting, wondering what just happened. You Can Be in The Center of the Action with Rippln.

RIPPLN is all about helping you go social and appify your entire life. You can learn all about the latest mobile apps before all of your friends and be in the front of the line when those apps go public. Rippln

All you have to do is Send me your e-mail while i Invite you with my coupon code. Start your own mobile app ripple. Get rewards for sharing RIPPLN through social media. In essence, you’ll earn just by building your own social graph – by doing what you’re already doing.

With RIPPLN, you’ll get the latest information on all the social and mobile apps before they hit the market. You’ll know who’s doing what, how it’s being done, and why it’s important. You’ll also know where to find the best apps for the best games and your most coveted content.

You Can Watch Your Own Social Engagement go Right Through the Roof With Rippln!

Isn’t it time you be in the know on what is happening with mobile, social, and gamification? You can be Starting right now. Send your mail and you’ll know everything we know when we know it.

Tell Me What You Think About Rippln

Rippln

What is rippln?
What is it indeed!
I signed up, but before I could I had to sign a non disclosure agreement, so I can't reveal too much about it. In fact I cant reveal anything about it really. I can tell you it's going to be huge and it's by invitation only. This thing is going world wide and is poised to put Facebook face down in the gutter with the rest of the bums of the internet.
"What's a Myspace?"
I can only invite 5 more people at the moment, do your research first and if you like what you see leave your email address in the comment box below. Don't leave it unless you're serious. If you do and don't follow through you will be wasting both our times. My time is worth something, how about yours? Because there is a 24 hour limit once the invitation is sent. So once again, look up rippln, make your own call about it and only leave your email if you're serious. Wath the video and judge for yourselves. www:StartMyRipple.com

It’s been a while since I’ve posted on this blog

Jubril

It’s been a while since I’ve posted on this blog, and for that I apologize dear reader. The reality of work and being engaged in my Dad's work and trying to spend some time in my life not around a computer has meant having less time to write, and I’m thankful for the break but also feeling the need to get back into writing. I’m hoping to start posting some thoughts of being in Liberty because i wish all my dear Readers should be Sons and Dourthers of Liberty. I have been into some online activiies which i tought it will be very useful to you. (Stay connected while i bring them into your reading). But for this post, I’ll just end with a quick Apology message for you Reader to forgive me and i promise to start updating time to time. This is From the table of: Jeybee Da CodedGuy'Shico

Wednesday 30 January 2013

How to make money Selling your photos Online

If you’re a professional photographer (or even just a hobbyist) you should consider the possibilities of selling stock images online.

Today, though, there are countless Internet millionaires who turned a great idea into obscene profit, used the power of the web to promote their offline business or simply worked their butt off to sell their skills online. While it’s unlikely that you’ll ever earn enough to be your own boss, there’s nothing to stop you from using your skills to make a comfortable living online. In fact, while the media would have you believe that online success stories are limited to just a few lucky, hard working people who stumbled on a great idea that went on to make millions, the reality is that there are tens of thousands of people who make a living exclusively online selling their photos online.

The Internet has caused an explosion in the demand for stock photography. As the number of media and commercial outlets has increased dramatically with the growth of online media there’s an enormous need for high quality stock photos.

Here is how it works. You build a nice collection of great photos, and you want to begin selling them. You sign up with a stock photography company (which am gonna be listing some few as you read) and in return, if someone buys your photo to use in their work, then you get a percentage of each sale. If your work is good enough, and your photos are relevant to a certain topic, they could be worth money.

Yuri Arcurs is the man everyone turns to for their stock photo needs. As the world’s top selling stock photographer he sells an image every 8 seconds, 24 hours a day (that works out to over 4 million images each year). Arcurs makes millions of dollars each year simply by being the best at what he does. There are lots of great photographers in the world and the barrier to entry is as low as ownership of a camera, but Arcurs has managed to build a reputation online for consistent, high quality and imaginative images.

Numerous stock websites like www.shutterstock. com, www.shutterpoint.com www. istockphoto.com www.fotolia.com etc. Depending on the site's policy, you can earn between a 15 to 85% royalty on each sale. The better the quality of photos and the larger your online portfolio, the more you will sell. Usually, each photograph you want to upload will have to be 'selected' by them first — and they usually have strict requirements of what can or cannot go on sale.

Do not read this alone, click on the 'SHARE' button to share with friends because it will be useful to your Friends too.

Tuesday 29 January 2013

7 Things Successful People do Differently.

Before i start my write ups on How to make Money on the Internet, you have to work with this.
As a man thinketh in his heart, so he is or better put, you are the product of your thoughts. Everything they say starts from the mind and successful people have proven that time and again. The successful man you see drive down the road or that woman you see in a special program on TV, and every other successful person you know or hear of; they all have a number of things in common, one of which is their mindset. The successful person envisions the impossible happening, ( successful people are the driving power of visions), he looks for opportunities, he doesn’t wait for them to come. The average man at the end of the spectrum has a shallow mind; he believes success is a game of luck, he sits and waits for help or a hand to pull him up, he moves in any direction the wind of life blows. The mindset is the start of a long journey on different paths for both the successful and the average man. These key points highlight some of the things successful people do differently.

CHALLENGES
The average man tries to find a way around his problems, he looks for the get- rich-quick schemes, and all shortcuts to success. He tries to circumvent problems, he runs from negative circumstances, hates criticisms or rarely heeds to advice from successful people. A successful man sees every challenge as a mountain and he almost immediately thinks up ways to get to the top (of course after seeing himself at the top). To the successful, this kind of demand becomes more fun than risk. Successful people look out for problems to solve, they find what the society demands that taps their talent or work to acquire skills that enables them find their highest level of contribution in their environment. They know that success is in direct proportion to the number of problems they can solve in life. They see an opportunity in every challenge.

BELIEf ABOUT MONEY
Successful people clearly have different stance about money compared with average minded people. An average minded person believes he is to work for every penny he earns, he has a low self- esteem and literally feeds off the palms of his boss, he works round the clock, sleeps less, eats less, and loses his work-life balance. Successful people believe their money should work for them, they spend their time investing in their future, either through their business or the right network of people. Yes they understand the importance of networking for success in life. An average man sees money as a way of getting things; successful people see money as a way of getting things done, as a tool to work. People buy things out of their lack but the wealthy buy out of abundance.

INTELLECTUAL CAPACITY
A good IQ is admirable, people with high IQs are the geniuses of our time but success really isn’t only about that. Raising your Intelligence Quotient is not a guarantee for success although that counts in some fields but successful people believe more in AQ (Adversity Quotient) than IQ. As mentioned earlier, a successful person solves more problems than the average person and this is what prepares them for life, a high IQ won’t automatically transform you into Mr Nice Guy or Miss Congeniality, it won’t give you people skills and all the attributes you need to work well with others. A high IQ is a plus but a great sense of the problems around you as well as the people you can work with to reach solutions far more outweighs the former. RISK Average people are afraid of failure, they usually wait for the perfect time to do something, it never comes. Successful people are risk takers, they cringe when things are too easy. Successful people know that failing does not make you a failure. Never trying does.

TIME
An average man ranks money on a higher value than time and easily lets it slip away either by wasting it on irrelevant things or by allowing people distract them from the very important things. To the successful, time is their most valuable asset, it is an irreplaceable resource. The wealthy say ‘I can get more money but I can never get more time’.

OPPORTUNITY
The wealthy prepare today for tomorrow’s opportunities, successful people believe in the present but are ready for the future; the average man thinks only of today – how much they earn today, how much they can get today, and forget about tomorrow. Successful people understand that today matters because it’s their opportunity for a better tomorrow. Successful people prepare for life while average people react to life.

EXCUSES
Successful people don’t give excuses for failure, when they fail in one venture, they try another but an average man give excuses for not starting at all.

Do not read this alone, click on the 'SHARE' button to share with friends.Before i start my write ups on How to make Money on the Internet, you have to work with this.
As a man thinketh in his heart, so he is or better put, you are the product of your thoughts. Everything they say starts from the mind and successful people have proven that time and again. The successful man you see drive down the road or that woman you see in a special program on TV, and every other successful person you know or hear of; they all have a number of things in common, one of which is their mindset. The successful person envisions the impossible happening, ( successful people are the driving power of visions), he looks for opportunities, he doesn’t wait for them to come. The average man at the end of the spectrum has a shallow mind; he believes success is a game of luck, he sits and waits for help or a hand to pull him up, he moves in any direction the wind of life blows. The mindset is the start of a long journey on different paths for both the successful and the average man. These key points highlight some of the things successful people do differently.

CHALLENGES
The average man tries to find a way around his problems, he looks for the get- rich-quick schemes, and all shortcuts to success. He tries to circumvent problems, he runs from negative circumstances, hates criticisms or rarely heeds to advice from successful people. A successful man sees every challenge as a mountain and he almost immediately thinks up ways to get to the top (of course after seeing himself at the top). To the successful, this kind of demand becomes more fun than risk. Successful people look out for problems to solve, they find what the society demands that taps their talent or work to acquire skills that enables them find their highest level of contribution in their environment. They know that success is in direct proportion to the number of problems they can solve in life. They see an opportunity in every challenge.

BELIEf ABOUT MONEY
Successful people clearly have different stance about money compared with average minded people. An average minded person believes he is to work for every penny he earns, he has a low self- esteem and literally feeds off the palms of his boss, he works round the clock, sleeps less, eats less, and loses his work-life balance. Successful people believe their money should work for them, they spend their time investing in their future, either through their business or the right network of people. Yes they understand the importance of networking for success in life. An average man sees money as a way of getting things; successful people see money as a way of getting things done, as a tool to work. People buy things out of their lack but the wealthy buy out of abundance.

INTELLECTUAL CAPACITY
A good IQ is admirable, people with high IQs are the geniuses of our time but success really isn’t only about that. Raising your Intelligence Quotient is not a guarantee for success although that counts in some fields but successful people believe more in AQ (Adversity Quotient) than IQ. As mentioned earlier, a successful person solves more problems than the average person and this is what prepares them for life, a high IQ won’t automatically transform you into Mr Nice Guy or Miss Congeniality, it won’t give you people skills and all the attributes you need to work well with others. A high IQ is a plus but a great sense of the problems around you as well as the people you can work with to reach solutions far more outweighs the former. RISK Average people are afraid of failure, they usually wait for the perfect time to do something, it never comes. Successful people are risk takers, they cringe when things are too easy. Successful people know that failing does not make you a failure. Never trying does.

TIME
An average man ranks money on a higher value than time and easily lets it slip away either by wasting it on irrelevant things or by allowing people distract them from the very important things. To the successful, time is their most valuable asset, it is an irreplaceable resource. The wealthy say ‘I can get more money but I can never get more time’.

OPPORTUNITY
The wealthy prepare today for tomorrow’s opportunities, successful people believe in the present but are ready for the future; the average man thinks only of today – how much they earn today, how much they can get today, and forget about tomorrow. Successful people understand that today matters because it’s their opportunity for a better tomorrow. Successful people prepare for life while average people react to life.

EXCUSES
Successful people don’t give excuses for failure, when they fail in one venture, they try another but an average man give excuses for not starting at all.

Do not read this alone, click on the 'SHARE' button to share with friends.