'Biggest Ad Fraud Ever': Hackers Make $5M A Day

Chuck Krug said:
A group of Russian criminals are making between $3 million and $5 million every day in a brazen attack on the advertising market, security firm White Ops claimed today. It's the biggest digital ad fraud ever uncovered and perpetrated by faking clicks on video ads, the company said.

http://www.forbes.com/sites/thomasbrewster/2016/12/20/methbot-biggest-ad-fraud-busted/#2336af434ca8
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Right, so the US being the most technology advanced country with silicon valley and these bots went through their firewalls and detection systems, plus at present "To be sure, the White Ops report is an allegation from a single cybersecurity firm and cannot be independently verified by CNBC." there's no public information provided on the exchanges or sites being targeted.

Which leads to three very clear conclusions: the report is factually incorrect or fake; this will be diluted as the ad exchange market is built on falsified return on investment statistics; it's true and given that countries like the US and Europe rely on technology to run their nuclear arsenal, financial markets, and utilities it has exposed a deep underlying flaw and ultimately severe weakness in their infrastructure which can be exploited at a whim.

Most likely it's all three is some form or another, sounds like a recipe for a catastrophic event is brewing.
 
Ok - I'm buying cheap puts for expiry on Friday at the 117 strike. If stock plunges to 110 by Friday, I will cover by buying the stock. I can make 4 times at 116... Stock at 119 now.

If we cant trust clicks on video ads, why would people accept FB terms on video ads or at least negotiate for better terms given the unknown...
 
LOL that's some smart work there Russians, nice bit of hacking, $3mil-$5Mil per day and it's small enough not to get noticed, $13 per advert clicked on average, the worlds truely gone nuts.

There doing it to retire rich, not hacking to blow up the world, they can't spend there money then, and faking ad clicks way easier than launching nukes. *


* I Hope!!!!!!
 
birzos said:
Right, so the US being the most technology advanced country with silicon valley and these bots went through their firewalls and detection systems, plus at present "To be sure, the White Ops report is an allegation from a single cybersecurity firm and cannot be independently verified by CNBC." there's no public information provided on the exchanges or sites being targeted.

Which leads to three very clear conclusions: the report is factually incorrect or fake; this will be diluted as the ad exchange market is built on falsified return on investment statistics; it's true and given that countries like the US and Europe rely on technology to run their nuclear arsenal, financial markets, and utilities it has exposed a deep underlying flaw and ultimately severe weakness in their infrastructure which can be exploited at a whim.

Most likely it's all three is some form or another, sounds like a recipe for a catastrophic event is brewing.
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Equating the security of an ad network with the security of the software used on the secure side of military networks or in financial markets as equivalent is pretty absurd. It's roughly equivalent to saying the plastic remote control airplane you bought crashed so we shouldn't fly in airplanes.
 
Sig said:
Equating the security of an ad network with the security of the software used on the secure side of military networks or in financial markets as equivalent is pretty absurd. It's roughly equivalent to saying the plastic remote control airplane you bought crashed so we shouldn't fly in airplanes.
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Let's wait an see who has the more absurd statement, time will tell. However given $3-5mn per day will buy you a jet in short order, your remote control airplane would be a fleet of predator drones, which interestingly have also been hacked. Always impressed people cannot do math on a site discussing financial markets.
 
birzos said:
Let's wait an see which is the more absurd statement, time will tell. However given $3-5mn per day will buy you a jet in short order, your remote control airplane would be a fleet of predator drones, which interestingly have also been hacked. Always impressed people cannot do math on a site discussing financial markets.
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You asserted that security on ad networks = security on nuclear arsenals, that's an absurd statement on a number of levels.
I'm guessing you've never coded anything for a secure site, let alone gone through the standards required to code something on the classified side of the military networks, let alone have even the faintest idea of the requirements to code the embedded software of a nuclear launch network that is in no way connected to the internet. In fact I'm guessing everything you know about computer security you picked up from news stories. I'll let you in on a little hint, when you're an "expert" because of a news story you come off as a bit of a jackass when you make crazy assertions and then tell people who do this for a living that they don't know what they're talking about and can't do math when they question your assertions. I'd be curious to know of any successful hack of the high side that's been pulled off by someone not employed by the U.S. govt?
 
Southampton said:
Can someone explain why the payments just can't be shut off to the hackers? I don't get it.

Hampton
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I'd guess there scam is revealed and there money fund cut off, but it ran for a few months before it got detected, say 4mil a day * 7 = 28mil per week call it 300Mil in total.

Likely cost a few Mil to setup and purchase the IP's, worth it totally!!

The real issue is, why are companies prepared to pay so much for Ad clicks which 99% won't even get a sale, most of the internet is based on Ad Clicks, make a content people want then show ads to pay for that content, crazy world.

Gives the Baron a few ad clicks as it's Xmas :)
 
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