Guest talk on Web Fraud to Network Security, Elect Eng Sydney University.
Web1.0 generated revenues from advertising. In Web2.0 new monetization models were sought. Good stuff but eventually all these eCommerce sites wake up to discover that the fraudsters have moved in.
Limited only by their imagination and the monetization model, fraudsters will do things like: login hijacks, false signups, purchases with stolen credit cards, money laundering, nigerian/419 scams etc etc.
This talk talks about a few of these problems, how it gets done and what solution/responses exist.