By Yohai Einav, VeriSign Senior Fraud Analyst
What happened to good ol' fraud?
There's a new trend in online fraud today - it is getting more brutal.
A few years ago, when a fraudster wanted to get your online banking credentials, he would send you a phishing email, asking you kindly to send him your bank's login and password; today, he would simply infect your PC with malware, then take your details by force.
Fraudsters not believing in the goodness of mankind and taking things by force?! Yes - we live in crazy times.
The brutal trend doesn't end with phishing. The same evolution happens today in the online brokerage world with the "Pump and Dump" scam.
Pump and Dump 1.0
The classic Pump and Dump scam is one of the oldest tricks in the book. Its guiding principle is simple: if you can buy a worthless stock for a very low price (typically micro-cap companies), then sell it quickly for a much higher...