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Complete Story
10/17/2019
For payment crooks, bots are the master key
PaymentsSource
Imagine a big key ring, full of keys. Maybe it is the kind a janitor or building manager carries — one with dozens or hundreds of keys on it.
If you found a set of keys like this, your first instinct might be to get them back to their rightful owner. But imagine if a criminal found or stole them. The key ring for a single building might unlock hundreds or even thousands of doors. Behind some of them are valuables he can steal or resell. He knows that the keys open some doors in the building, but he doesn’t know which ones. And he realizes that if he has to personally try every key against each lock in the building, he might never cash in.
If he instead had a whole team of people helping him, his chances of matching keys to locks would increase dramatically. This approach is one that cybercriminals have learned to do in the digital world, employing specialized software applications, or bots, to help them test the locks on online accounts. Instead of stolen keys, they are using stolen login credentials, and drafting an army of bots to help increase their chances of financial gain.
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