New Fraud Ring 'Operation High Roller' Targets the Rich

A recent fraud ring through which attackers raided high-value bank accounts, nicknamed Operation High Roller .PDF, employed attacks that were quick, required no human interaction and have already affected several tiers of credit unions, regional banks and large global banks, over the last several...

Hacker charged for hacking into U.S. Energy Department

Hacker charged for hacking into U.S. Energy Department Andrew James Miller, a 23-year-old resident of Devon, Pennsylvania, was arrested on Thursday and charged with one count of conspiracy, two counts of computer fraud, and one count of access device fraud, according to a statement issued by the...

Pennsylvania Man Indicted For Hack of Department of Energy Network

A Pennsylvania man was arrested yesterday after a Massachusetts grand jury issued a four-count indictment alleging that he hacked into computer networks belonging to the U.S. Department of Energy DoE and the University of Massachusetts and tried to sell access to a DoE supercomputer for $50,000 t...

NYT: When Hackers Strike, Small Business Owners Hit Hard

Independent business owners may find themselves deep in debt after hackers wipe out their bank accounts, with banks reluctant to recoup losses caused by online attacks, according to a report in the New York Times. The article, in the Thursday edition of the Times, details several so-called...

House Hearing to Address Capital Market Threats

The House Committee on Financial Services is hosting a hearing tomorrow in which they will explore the various cyber threats targeting capital markets and government sponsored enterprises. Entitled “Cyber Threats to Capital Markets and Corporate Accounts,” the hearing in front of the Committee on...

Industry Groups Bid To Control New .Bank And .Insurance TLDs

Two financial industry groups: The American Bankers Association ABA and the Financial Services Roundtable announced on Thursday that they have applied to the Internet Corporation for Assigned Names and Numbers ICANN to operate to top level Internet domains, .bank and .insurance, on behalf of the...

Man Pleads Guilty To Stealing Source Code From Federal Reserve

A 33 year-old Chinese man pleaded guilty in U.S. Federal Court to stealing proprietary source code used by the U.S. Federal Reserve to help track billions of dollars in government transfers that occur daily, according to a report by Reuters. Bo a.k.a. “Bryan” Zhang was employed as a contract work...

FBI Warns Users of New 'Reveton' Scareware Scam

The FBI is warning consumers about a new scam that’s using a piece of malware called Citadel to redirect users to a scam site that installs scareware on their machines and demands a $100 payment to unlock them. The twist in this scam is that it uses the threat of prosecution by the Department of...

Serco: 'Sophisticated' Attack On U.S. Govt. Pension Plan Nets Info On 123k

Serco Inc., a well-known contractor working with the U.S. government, announced that it was the target of a sophisticated attack that exposed data on 123,000 civil employees of the Federal government and their families, including names, addresses and social security numbers taken from the company...

Call for Articles : THN Magazine June 2012, Malware Edition

Call for Articles : THN Magazine June 2012, Malware Edition The Hacker News is calling for our June Magazine on the issue related to MALWARE. We'd like to see an analysis of the history of these most worrying viruses and the contemporary usage in cyber espionage and cyber warfare. It would be...

Global Payments Hack Could Span to June 2011, Affect Over 1.5M Cards

The data breach that hit payment processor Global Payments earlier this year could have dated back to June 2011, launching speculation over whether more credit card numbers were stolen than initially reported. Several alerts issued by Visa and Mastercard, obtained by KrebsonSecurity.com, suggest...

Scam Video Game Startup Yanked From Kickstarter After Raising Thousands

A project soliciting funds for a new video game to compete with the likes of World of Warcraft and Skyrim has been pulled from the crowd funding website Kickstarter after it became clear that the proposal was a sham. Mythic: The Story of Gods and Men raised $4,739 from 83 backers before it was...

Malware Poses as US Department of Justice Violation Notice

Posing as the US Department of Justice DoJ, a new variant of the Citadel Malware called Reveton is responsible for a ransomware campaign that attempts to extort $100 from its victims. The infections are occurring after users are lured to a drive-by download site where a dropper installs the Citad...

Skimmers Hit Patrons of Wrigley Field, Chicago Restaurants

Six individuals were charged late last week with “skimming” more than $200,000 from victims who used their credit or debit cards at Wrigley Field and other Chicago restaurants. A press release from Illinois’ Attorney General Lisa Madigan on Friday alleged that Joseph Woods, 32, was the scheme’s...

36 Web domains seized tied to online financial fraud

Thirty-six websites used to sell stolen bank account details have been taken down following an investigation by the Serious Organised Crime Agency SOCA. The arrest of two men in the UK and another in Macedonia is the result of an international operation in which 36 web domains, used to trade...

Russian Mafia Organizes to Double Cybercrime Profits in 2011

The dollar-value of online criminal activity conducted by the Russian mafia and other criminal organizations doubled in 2011, according to a new report from the Russian security firm Group-IB. The global cyber crime market was worth $12.5 billion in 2011, the report claims. Russian-speaking...

Stealing Corporate Data Doesn't Violate Federal Computer Fraud Law

In a ruling that could be felt throughout the business world, the U.S. Court of Appeals for the Ninth Circuit in California ruled that a man did not violate the Computer Fraud and Abuse Act CFAA after pilfering contacts from the client database of his former employer to help jumpstart his competi...

FBI Investigating Election Tampering Following Arrest of CSUSM Student

The FBI is investigating whether federal law violations took place following allegations a candidate for student body president at California State University San Marcos stole some 700 student identities in an attempt to alter election results. Third-year business student Mark Weaver was arrested...

Errors, Outliers Obscure Cybercrime Losses

Estimates of the extent of cyber crime are hopelessly overblown, two computer security researchers argue in an editorial from Sunday’s New York Times. Arguing counter to the prevailing opinion that online crime is a modern day Yukon Gold Rush for entrepreneurial hackers, the two Microsoft...

British Paypal hacker jailed for stealing millions Identities

British Paypal hacker jailed for stealing millions Identities A UK cybercrook has been jailed for 26 months following his conviction for stealing millions of banking and PayPal identities. According to Report, Southwark Crown Court heard how Edward Pearson, 23, could have made about £834,000 if h...