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MyNewBiz

Blog of Ideas for starting a new business. Mission: Provide services and tools to work with and support individuals to Design, Implement, and Maintain the quality business processes used throughout your organization

Tuesday, August 12, 2008

Stock Market Spam

Do you get those weird spam emails? The ones that tell you about some stock and how important it is to buy it?The first "interesting" thing about this spam, is that if you look in the preview window, it does not look like anything about a "stock". It usually contains some random text, that somewhat looks like it makes sense, but when you open it the text is immediatly replaced by some other text (actually it's an image with text in it). Tell you to "watch out for this stock", and the stock symbol, and tell you to invest in it.When this type of spam first hit in the internet, it made it through a LOT of spam filters and ended directly in the inbox. The reason is simple, the spam filters could not read the text in the image, only the text in the email, which did not appear as spam. Sort of an "evil" way of using CAPTCHA technologySo that's the first part - the question that I pondered for a long time was "WHY?". 99.9% of all spam is trying to sell me somthing. Spammers send mass emails to hundres of thousands of people, to make money. They hope that some percentage of people receiving the email will sign-up/click on a link, buy some product and the 'spammer' gets money. If there NO money in it - there would be a lot less SPAM !But - if I get an email - telling me to buy a stock, how could this possibly make the spammer any money?The Answer - "It's called PUMP and DUMP" - and it is an illegal stock market trick. Like most scams, it has been place long before the internet - the internet just makes it easier !How it works:The theory is pretty simple - the price of a stock is largely dependant upon the news releases, media information sent out about the stock. The more people that buy a stock the more the stock is "worth" and the price of the stock increases.So let's suppose, I look at my local newspaper business page, and find a small (penny stock) and purchase 200 shares at $0.05. Normally, I would then sit and "hope" that the company does some amazing things and the price of the stock sky-rockets (say to $50.00 / share). So then I sell my stock and make a tonne of money (My initial $10 investment is now worth $10,000). Of course the odds of a given stock incresing by 1000% is pretty rare?But what if you could get thousands of people to buy the same stock you did - this would create a "fake" demand for the stock, and thus would make the stock increase.This would be similar to cheating at a gambling table, or paying off a boxer to loose a race. The race (market) is fixed in your favor and again this is illegal !So this is how it happens and why you recieve this type of spam. Another name for this idea is known as Microcap Stock FraudNow just imagine with all the "evil bots" out there like Storm_botnet and the potential power such botnets could have to control the stock market, and economy of occasions, all by a few little hackers out there directing their hundreds of thousdands of bots to go out and spam others - practically anonmously.So what can you do?Thankfully, most spam filters have been updated to detect these types of messages and put them in our spam folders where they belong.However, the overall strategy remains the same. If you feel you are being sent spam and it is arriving in your inbox1) Alert your ISP (or sys admin guy), and ask if they an update your spam filters.2) Use a great spam filter program like SpamBayes to improve your spam filtering3) Don't under any circumstances, click, buy or purchse anything from the spam email. Again they only do this to make money - if they don't make any money, they will stop doing it!Link to cool article from shields up too !

Posted by Brad D.

at 7:00 AM

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Stock Market Spam

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Another lesson in economics Review of the Coby 7 Inch Digital Picture Frame Your ultimate gift registry 10 Ways to Remain Unhappy at your job The danger of being proactive

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The Basics Of Getting Things Done An Ecomonics Lesson What PDA to choose? Where's the iHype? Understanding Movie Prices You don't have to ditch the Day Job

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Vacations and my first ebay sale The Strangest Items Ever To Sell (Or Not Sell) On ... The importance of Timesheets Understanding Power of Positive Thinking Business Interview Test King Cole caught me Goal Setting Tips What ever became of the CB Radio? A simple Mistake Return for refund and get 5 cents Are you the master of your Inbox

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Purpose Plans and Passion A new kind of paid blogging Can the state force your marital status? Finding the time for a home based business Google and Salesforce Join to Fight Microsoft Social networking in all it's glory Bigger Computer Monitors = More Productivity A problem can have multiple solutions Hidden Video Courses in Math, Science, and Enginee... Shipping and Handling - The great economic equaliz... Protect Your Wi-Fi Connection How social are you? A tool is only as good as the person who weilds it... Money = Information

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Everyone deserves an assistant A day at the office Keeping It Simple Never do an excellent job My thoughts on Pay Per Post and PageRank Firefox..You web browser of choice? Tips to Bypass compulary web registration Watching your online personna

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February (2)

Catching a Virus from a photo frame Want a N64 System (N64 2 Controllers with Zelda)?...

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January (11)

Backing up your computer verses archiving Choosing the proper Gift Card Trying to understand SPAM

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About Me

Brad D. Just a regular guy with some unusual thoughts.

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expr:class\75\47\46quot;item-control \46quot; + data:post.adminClass\47\76\n\74a expr:href\75\47data:post.editUrl\47 expr:title\75\47data:top.editPostMsg\47\76\n\74img alt\75\47\47 class\75\47icon-action\47 src\75\47http://www.blogger.com/img/icon18_edit_allbkg.gif\47/\76\n\74/a\76\n\74/span\76\n\74/b:if\076'}, 'commentDeleteIcon': {'varName': 'comment', 'template': '\74span expr:class\75\47\46quot;item-control \46quot; + data:comment.adminClass\47\76\n\74a expr:href\75\47data:comment.deleteUrl\47 expr:title\75\47data:top.deleteCommentMsg\47\76\n\74img src\75\47http://www.blogger.com/img/icon_delete13.gif\47/\76\n\74/a\76\n\74/span\076'}, 'backlinkDeleteIcon': {'varName': 'backlink', 'template': '\74span expr:class\75\47\46quot;item-control \46quot; + data:backlink.adminClass\47\76\n\74a expr:href\75\47data:backlink.deleteUrl\47 expr:title\75\47data:top.deleteBacklinkMsg\47\76\n\74img src\75\47http://www.blogger.com/img/icon_delete13.gif\47/\76\n\74/a\76\n\74/span\076'}, 'comments': {'varName': 'post', 'template': '\74div class\75\47comments\47 id\75\47comments\47\76\n\74a name\75\47comments\47\76\74/a\76\n\74b:if cond\75\47data:post.allowComments\47\76\n\74h4\76\n\74b:if cond\75\47data:post.numComments \75\75 1\47\76\n 1 \74data:commentLabel\76\74/data:commentLabel\76:\n \74b:else\76\74/b:else\76\n\74data:post.numComments\76\74/data:post.numComments\76\n\74data:commentLabelPlural\76\74/data:commentLabelPlural\76:\n \74/b:if\76\n\74/h4\76\n\74b:if cond\75\47data:post.commentPagingRequired\47\76\n\74span class\75\47paging-control-container\47\76\n\74a expr:class\75\47data:post.oldLinkClass\47 expr:href\75\47data:post.oldestLinkUrl\47\76\74data:post.oldestLinkText\76\74/data:post.oldestLinkText\76\74/a\76\n \46#160;\n \74a expr:class\75\47data:post.oldLinkClass\47 expr:href\75\47data:post.olderLinkUrl\47\76\74data:post.olderLinkText\76\74/data:post.olderLinkText\76\74/a\76\n \46#160;\n \74data:post.commentRangeText\76\74/data:post.commentRangeText\76\n \46#160;\n 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height\75\047275\47 id\75\47comment-editor\47 scrolling\75\47auto\47 src\75\47\47 width\75\047100%\47\76\74/iframe\76\n\74data:post.iframeColorizer\76\74/data:post.iframeColorizer\76\n\74/div\076'}, 'backlinks': {'varName': 'post', 'template': '\74a name\75\47links\47\76\74/a\76\74h4\76\74data:post.backlinksLabel\76\74/data:post.backlinksLabel\76\74/h4\76\n\74b:if cond\75\47data:post.numBacklinks !\75 0\47\76\n\74dl class\75\47comments-block\47 id\75\47comments-block\47\76\n\74b:loop values\75\47data:post.backlinks\47 var\75\47backlink\47\76\n\74div class\75\47collapsed-backlink backlink-control\47\76\n\74dt class\75\47comment-title\47\76\n\74span class\75\47backlink-toggle-zippy\47\76\46#160;\74/span\76\n\74a expr:href\75\47data:backlink.url\47 rel\75\47nofollow\47\76\74data:backlink.title\76\74/data:backlink.title\76\74/a\76\n\74b:include data\75\47backlink\47 name\75\47backlinkDeleteIcon\47\76\74/b:include\76\n\74/dt\76\n\74dd class\75\47comment-body 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{'varName': '', 'template': '\74b:if cond\75\47data:navMessage\47\76\n\74div class\75\47status-msg-wrap\47\76\n\74div class\75\47status-msg-body\47\76\n\74data:navMessage\76\74/data:navMessage\76\n\74/div\76\n\74div class\75\47status-msg-border\47\76\n\74div class\75\47status-msg-bg\47\76\n\74div class\75\47status-msg-hidden\47\76\74data:navMessage\76\74/data:navMessage\76\74/div\76\n\74/div\76\n\74/div\76\n\74/div\76\n\74div style\75\47clear: both;\47\76\74/div\76\n\74/b:if\076'}}, document.getElementById('Blog1'), {}, 'displayModeFull'));

MyNewBiz: Stock Market Spam