Cyber Security Fraud in the Banking Industry: Lessons Learned in OCC Examiner Training

In late October 2011, Coalfire participated in a day of IT audit training with about 35 bank examiners. As you would expect, we covered a lot of previously hot topics. The conversation changed as we started talking about the amount of fraud being realized by community banks and credit unions...

Corporate fraud vs Anonymous Analytics Group

Corporate fraud vs Anonymous Analytics Group A new financial research group, Anonymous Analytics has released a report accusing Chinese firm Chaoda Modern Agriculture of "11 years of deceit and corporate fraud". The company is one of China's largest fruit and vegetable suppliers. A faction within...

FTC Criticizes ICANN Plan to Expand Domain Names

The Federal Trade Commission FTC is taking aim at a plan by the Internet Corporation for Assigned Names and Numbers ICANN to increase the number of domains on the Web. On Dec. 16, the FTC sent a letter to ICANN claiming that expanding the number of generic top-level domains gTLDs would open users...

Romanian Men Indicting For Hacking 150 Subway Restaurants

Four Romanian nationals were charged with hacking into the credit card processing systems of some 150 Subway sandwich shops and those of 50 other unnamed retailers, according to a copy of the indictment PDF. The four men and two co-conspirators, identified by their online pseudonyms,...

Personal Information of 3.5 Million Poker Players Spilled Online

Customers of the online poker Website Ultimate Bet UB are the victims of a data breach that spilled the private information of up to 3.5 million of its customers online over the weekend. Ultimate Bet, a property of the Cereus Poker Network, saw a slew of customer information posted online includi...

Two Million Requests from Infected Systems In Week After Ghost Click Takedown

The FBI says that more than 2.5 million systems infected with the DNSChanger malware connected to DNS servers set up by the authorities in the week following a crackdown on a global criminal network dubbed Ghost Click. The data, which was provided to the FBI by ISC, is the best indication yet of...

Manila AT&T hackers linked to 26/11 Mumbai terror attack

Manila AT&T hackers linked to 26/11 Mumbai terror attack Police in the Philippines working with the US Federal Bureau of Investigation have arrested four people over a premium-line phone scam that targeted customers of the American telecommunications giant AT&T to funnel money to a Saudi-based...

Authorities Shut Down Carder Lab in Dominican Republic

Authorities in the Dominican Republic have shut down a carder lab in the city of Santo Domingo, and have arrested a 62-year-old man who they say is one of the alleged leaders of the group. Law enforcement officials had been investigating the group for several months, according to local reports, a...

National program for Cyber army to be launched in India

National program for Cyber army to be launched in India Increasing attacks on cyberspace in India has brought several professionals and experts from the Industry, in support with the Government of India to jointly form a national level program to identify credible and valuable information securit...

Feds Bust $14 m Cybercrime Ring That Hijacked iTunes, Netflix Traffic To Rake in Ad Dollars

An indictment filed in U.S. District Court for the Southern District of New York charges seven individuals with a a global scheme to commit Internet advertising fraud. The scheme infected more than four million machines in over 100 countries with malware. It is believed to have netted the scammer...

Fraud communities owned and exposed by Happy Ninja

Fraud communities owned and exposed by Happy Ninja The Happy Ninjas Hackers Release a Ezine "Owned and Exposed - ISSUE no 3 " on Exploit-Db. They claim to hack various German and International fraud scenes and Publish there all details online in Ezine. They said "Operation Antisec : The original...

Fraud communities owned and exposed by Happy Ninja

Fraud communities owned and exposed by Happy Ninja The Happy Ninjas Hackers Release a Ezine "Owned and Exposed - ISSUE no 3" on Exploit-Db. They claim to hack various German and International fraud scenes and Publish there all details online in Ezine. They said "Operation Antisec : The original...

Crime-Ring Orchestrators Plead Guilty to Fraud, Face Four Years

A pair of Ukrainian Nationals is each facing a four year, eight month sentence after pleading guilty at London’s Croydon Crown Court on October 31 to charges of conspiracy to defraud. According to a London Metropolitan Police report, the 29 year-old Yuriy Konovalenko also known as Pavel Klikov an...

Phishing Site hacked for teaching lesson to Scam Lovers

Phishing Site hacked for teaching lesson to Scam Lovers Researchers at the security firm GFI Labs found an email used to lure people to a phishing site called "canal-i. " The message attempts to scare unsuspecting readers by telling them they have exceeded the storage limit on their inbox, and...

Attorney General: Massachusetts Won't Investigate iTunes Fraud

It looks as if Apple iTunes users who have been the victim of identity theft will have to look for a new knight in shining armor to wring answers from the notoriously close-lipped Cupertino technology giant. The Massachusetts Attorney General’s Office said on Monday that it isn’t planning to...

German Engineer Arrested In Card Skimming Plot

A German engineer was sentenced to three years in jail on Friday after he was found transporting card skimming technology into Britain according to a report from Reuters UK. Thomas Beeckmann, 26, was stopped at London’s Victoria Coach Station in June with 17 electronic scamming circuits. The...

Suspect in "Hackerazzi" Case Says He Will Plead Guilty

A 35 year-old Florida man is facing a lengthy prison term after being arrested in connection with high profile hacks of the Web-based email accounts of more than 50 celebrities, including Hollywood ingenue Scarlett Johansson. According to a copy of the indictment PDF, Christopher Chaney of...

Biggest Identity Theft Bust Ever Nets 111 In New York

Authorities in New York have arrested more than 100 people accused of participating in an identity theft scam that generated $13 million in illicit profits fore crime gains in Europe, Asia, Africa and the Middle East, according to a statement from the District Attorney for Queens County. The...

111 Arrested for biggest identity theft and credit card fraud Case

111 Arrested for biggest identity theft and credit card fraud Case One of the biggest identity theft and credit card fraud cases in history has generated millions of dollars in losses to date. 111 individuals have been indicted in the largest identity theft takedown in U.S. history. "This is by f...

111 Arrested for biggest identity theft and credit card fraud Case

111 Arrested for biggest identity theft and credit card fraud Case One of the biggest identity theft and credit card fraud cases in history has generated millions of dollars in losses to date. 111 individuals have been indicted in the largest identity theft takedown in U.S. history. "This is by f...