Banking Fraud Now Almost Exclusively Occurring Online

A new study of small to mid-sized businesses shows that 75% of banking fraud is now taking place online according to a report from InformationWeek. The 2011 Business Banking Trust Study, commissioned by Guardian Analytics and conducted by the Ponemon Institute, found that 56% of the companies in...

iTunes Users Puzzle, Fume Over Account Hacks

Terry Coffey of Anchorage, Alaska, said that he first became aware of a problem with his iTunes account when he received a receipt for a $50 iTunes gift card purchase. Coffey, who says he’s careful with his money, was immediately suspicious and investigated the charge, but couldn’t find any recor...

How Microsoft is Addressing the Fraudulent SSL Certs

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FBI busts $465,000 credit card scam !

Federal investigators arrested and indicted a former Bridgeport resident who they say orchestrated a scam in which foreign nationals applied for and received credit cards on which they charged up to $465,000 worth of goods before leaving the country with the banks holding the tab. A federal grand...

Anonymous Publishes Bank of America Documents, Alleges Fraud

The hacker collective known as Anonymous published a collection of e-mail messages that allege mortgage fraud at U.S. banking giant Bank of America. The documents – more than two dozen e-mail messages – are from Balboa Insurance Group, a Bank of America subsidiary that provides insurance for auto...

#OperationLeakS by Anonymous Hacker leaks Bank of America Emails !

OperationLeakS by Anonymous Hacker leaks Bank of America Emails ! We may soon find out whether it's possible to shame one of the big U.S. banks by exposing its mortgage missteps. A series of messages on Twitter Sunday evening promised the release of emails supposedly documenting "fraud and...

Pentagon tightens computer security in wake of WikiLeaks breach !

Top defense and intelligence officials reiterated their commitment to information-sharing at a Senate hearing Thursday, even as they outlined new safeguards to prevent a repeat of the WikiLeaks breach that has led to the release of thousands of classified military reports and diplomatic cables. T...

Game Maker: 40 Percent of iTunes App Purchases Are Fraud

A Hong Kong based developer of games for mobile devices says that its online, multi player games are being besieged by users making fraudulent purchases from compromised iTunes accounts and says that iPhone maker Apple has turned a deaf ear to its efforts cut off the bogus activity. In an e-mail...

Four Face Jail Time for Ghost Market Crime Forum

Two U.K. teens and twenty-somethings received a collective prison sentence of fifteen years after administering the Ghost Market criminal forum, a meeting place and a classroom where nefarious individuals found anything from banking malware to methamphetamine recipes. Gary Paul Kelly, an unemploy...

Teenagers jailed for running £16m internet crime forum !

Three teenagers who founded and operated one of the world's largest English-language internet crime forums, described in court as "Crimebook", have been sentenced to up to five years in custody. Police estimate that losses from the thousands of credit details traded over the site, Gh0stMarket.net...

Man Pleads Guilty in a Scam Charging Unwitting Customers for Premium Phone Calls

UPDATED: A New Hampshire man has pleaded guilty in Federal Court to charges of conspiracy to commit computer fraud and failure to file income taxes stemming from a scam forcing telephone modems to call premium service numbers without their owner’s consent. Thirty seven year-old Asu Pala of Hudson...

iTunes Users Complain Of Account Hacks

More than six months after reports of wide-scale compromises of accounts at Apple’s popular iTunes online store, there are fresh reports that suggest that the accounts of iTunes users are being used to make fraudulent purchases of music, games and other merchandise. Reports in the Apple forums...

Irish Banking Fraud Ring Uncovered

A Moldovan man alleged to be the mastermind behind an international fraud ring that targeted both private and corporate bank accounts has been arrested in Limerick, Ireland, in a joint operation by Gardai and customs officials. According to a report in the Irish Independent, this operation was...

Attackers Find Point-of-Sale Software an Easy Target

While most consumers worry about their credit card or debit card numbers or other valuable data being stolen from their home computers or leaked via a data breach at their banks, a new report shows that the vast majority of attacks that harvest this sensitive data actually target weak software on...

Cyber crime Complaints in US Fell by 10% in 2010 !

The U.S. agency that tracks complaints of criminal activity on the Internet reported Thursday that fewer people complained about Internet fraud in 2010 than in the previous year. The Internet Crime Complaint Center IC3 runs a Web site where victims can report details of any cyberfraud. It shares...

Texas Man admits hacking into e-commerce servers of NASA !

A Texas man has admitted hacking into servers owned by an e-commerce company and making off with about $275,000. Jeremey Parker of Houston also copped to charges of breaking into servers maintained by NASA's Goddard Space Flight Center in Maryland and causing some $43,000 of damage. The hacking...

Insecure Magazine : Issue 28 available for Download !

Insecure Magazine : Issue 28 available for Download ! Database protocol exploits explained Review: MXI M700 Bio Measuring web application security coverage Inside backup and storage: The expert's view Combating the changing nature of online fraud Successful data security programs encompass...

Richard Kirk hacked into more than 300 eBay users' e-mail & PayPal accounts !

Richard Kirk Kirk hacked into more than 300 eBay users' e-mail accounts after cracking their passwords. He then was able to steal money from his victims' usually secure PayPal accounts. He transferred money from PayPal into hundreds of his own accounts, and then used the stolen cash to buy valuab...

Online security losing cyber battle !

THE internet was never meant to do sensitive banking transactions, cyber criminals are winning the war against online security and Australia's easy going nature is making us vulnerable targets to ever-more sophisticated internet thugs. That was San Francisco-based internet security watcher and...

Maruti CEO's email hacked, two Nigerians detained for hacking !

The Gurgaon badge accept bedfast two Nigerians for hacking into the email of auto above Maruti Suzuki's managing administrator and arch controlling administrator CEO Shinzo Nakanishi and sending affected job offers to aspirants. According to sources, the badge accept asked the suspects to accoute...