FBI Warns of Massive Wire Fraud Scams

The FBI is warning businesses about an ongoing spate of attacks that are stealing millions of dollars from companies through unauthorized bank transfers to Chinese companies. The fraudulent wire transfers are not a new tactic, but the FBI says the current round of attacks is notable in that...

The Underground Economy: SMS Fraud

The underground malware economy has expanded and diversified in recent years and the latest frontier is the mobile platform. In this video, Kaspersky Lab’s Denis Maslennikov talks about the ways that attackers use premium-rate SMS messages and banking fraud to bilk users...

Sony: Hackers Nabbed Info Of 70 Million Members

Sony admitted that hackers broke into its PlayStation Network online gaming network made off with the personal information of more than 77 million members in what would be one of the largest reported data breaches in history. A message posted on the PlayStation Network Web site informed customers...

Hacker pleads after busted with 675K stolen cards

A Georgia man has pleaded guilty to fraud and identity theft after authorities found him in possession of more than 675,000 credit card numbers, some of which he obtained by hacking into business networks Rogelio Hackett Jr., 26, pleaded guilty on Thursday to one count each of access device fraud...

Hacker Pleads Guilty To Theft of 600K Credit Cards, Could Get 10 Years

A 26 year-old Georgia man pleaded guilty in federal court in Virginia to the theft of hundreds of thousands of credit cards and a years-long fraud scheme that netted him more than $100,000 in illicit profits – money he used to buy himself a BMW and luxury clothing. Rogelio Hackett of Lithonia,...

Taiwan Struggles To Combat Attacks From China

Cyber crime, online fraud and copyright infringement are growing rapidly in Taiwan as law enforcement officials, law makers and the courts struggle to stay abreast of the problem, according to a local prosecutor says. In a Webcast presented to students and faculty at Harvard’s Berkman Center for...

French Hacker Arrested After Bragging on TV !

A French hacker who boasted on TV about hacking into the network of an important defense contractor was arrested and charged with unauthorized access to a computer system, data theft and organized fraud. The hacker appeared on the France 2 television programme "Complément d'enquête" Further...

Customers Say Scammers Calling, Texting in Wake of Email Breach

As the first phishing attacks begin to emerge targeting the millions of customers affected by the email data breach at Epsilon, there are indications that more than just email addresses and names may have been taken during the attack. Some customers whose email addresses were compromised as part ...

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...