Hacker Poses as Graduate, Hacks Student Emails, Faces Legal Consequences

A hacker who posed as a university graduate to access the emails of hundreds of students has been given a suspended prison sentence and ordered to pay more than £20,000 in costs and compensation. Daniel Woo, a 23-year-old Bulgarian national, was sentenced for offenses under the Misuse of Computer...

FBI Warns of Rising Smishing and Vishing Scams This Holiday Season

Social networking sites and search engines are expected to face increased cybercriminal activity this holiday season. However, the FBI is also warning consumers about two other significant threats: “smishing” and “vishing” scams. Both smishing and vishing are forms of phishing. Smishing involves...

Cyber Fraud: Tactics, Techniques and Procedures

Gone are the days when those BlackHat Hackers would tickle you for fun, Now they will poke you & take your diamonds without you even knowing anything about it until it's too late. Landscape in the Cyber underground has completely changed since then, making it more like well organized business...

Image of the Day: Mapping E-banking Fraud

We spend our days combing the ‘Net for interesting security happenings and also noting the great work that other reporters and researchers are doing on the security front. Usually that means traditional reporting work: pulling together information from a bunch of different sources, digging for...

Man Pleads Guilty in $4.8m ATM Fraud

A Connecticut man pleaded guilty to automatic teller machine ATM fraud on Tuesday following a scheme that conned $4.8 million from a Rhode Island bank over the last few years. John DeMilo of Branford, Conn. faces jail time for helping defraud Cranston-based Domestic Bank. Between 2000 and 2010,...

FBI Arrest Over 100, Uncovers Cyber Crime Ring

The FBI announced last week that it had busted a major international cyber crime network after arresting more than 90 suspected members of the ring in the US alone. The FBI said that the suspects worked as so-called mules for hackers, who were based in Eastern Europe and used malware to hack US...

Expert Warns: Cyber Crime Now Operates Like Legitimate Businesses

Today's cybercrime has far-reaching implications for security professionals. Corporate environments are increasingly targeted, with intellectual property becoming a primary focus for criminal activity. According to Uri Rivner, head of new technologies, identity protection, and verification at RSA...

U.S. Court Finds Two Russian Hackers Guilty of $1.3 Million Bank Fraud

A US court has found two Russian hackers guilty of bank fraud, involving over $1.3 million. The investigation revealed that the fraudsters broke into computer systems of various companies and used the obtained banking data to steal money from their bank accounts. Authorities believe the fraudster...

Fraud Advisory for Businesses Released: Corporate Account Take Over

As part of a joint effort, the United States Secret Service, the Federal Bureau of Investigation, the Internet Crime Complaint Center IC3 and the Financial Services Information Sharing and Analysis Center FS-ISAC have released Fraud Advisory for Businesses: Corporate Account Take Over PDF. The...

Report: Phishing Activity is Down (And That's A Bad Thing)

The number of phishing attacks declined in the first half of 2010, but a report from the Anti Phishing Working Group warns that might not be such a good thing. The group released its Global Phishing Survey on Monday covering the first six months of 2010. Overall, the survey reported a steep decli...

FBI Warns Businesses About Bank Fraud Scams

The FBI is warning businesses about the rash of scams that attack crews are using to target their bank accounts and drain them. The scams themselves are nothing new, but the FBI says that they’re becoming more prevalent and sophisticated as the attackers adjust their tactics. The warning from the...

Mobile Credits Used as Phishing Lure

Customers of an Italian bank were lured into a phishing scam with promises of mobile phone airtime credits, according to a blog post from analyst Mathew Maniyara on Symantec’s Connect blog. According to Maniyara, phishers posing under the guise of an Italian bank, are using a U.S.-based Web site ...

Survey: Information Theft A Bigger Problem than Physical Theft

Anyone who has received “notification” of funky activity on their credit card, or an urgent e-mail plea from the widow of Mobutu Sese Seko won’t be surprised to learn that information theft is a big problem. But a new survey out from Kroll Consulting finds that its also the biggest problem facing...

Google ввел новую функцию по борьбе с интернет-мошенниками

Корпорация Google сегодня запустила новую функцию для своего поискового сервиса, которая позволяет активизировать борьбу с мошенническими сайтами. Функция будет полезна как обычным пользователям, так и системным администраторам, поскольку первые видят предупреждение об опасности, а вторые —...

В США задержаны 11 хакеров из России

Они входили в преступную группу, похитившую из американских банков 3 млн долларов Дмитрий ГОНЧАРУК, Никита КРАСНИКОВ — 05.10.2010 Еще шесть граждан России были задержаны в США по обвинению в причастности к команде мошенников, которая воровала деньги с банковских счетов. Гражданство других девяти...

More Than 60 Charged in N.Y. in Zeus Scam

The Manhattan district attorney on Thursday announced charges against 36 people in connection with the operation of the Zeus malware campaign. It’s the second major bust of suspects in the Zeus investigation this week, following the arrest of 20 people in the U.K. on Tuesday. The U.S. Attorney in...

NJ Takedown puts spotlight on sophisticated bust out schemes

HED: NJ Takedown puts spotlight on sophisticated bust out schemes DEK: Mike Braatz of Memento Security says the complex schemes can run for years and may be the biggest source of banking fraud – but you didn’t hear that from the banks When FBI agents descended on Sang-Hyun a.k.a “Jimmy” Park and...

53 Charged in New Jersey ID Theft Case

Fifty-three individuals were charged today in connection with widespread, sophisticated identity theft and fraud, including 43 individuals charged with participating in one large-scale criminal enterprise, United States Attorney Paul J. Fishman and FBI Special Agent in Charge Michael B. Ward...

A Closer Look at Work at Home Scams

A recent chat with an individual who was almost tricked into helping organized criminals launder thousands of dollars stolen through e-banking fraud displayed one of the more clever and convincing money mule recruitment Web sites encountered. Read the full article. KrebsonSecurity...

Malwarians at the Gate: Banks, Businesses and ACH Fraud

Banks and their customers are on opposite ends of a feud over which is responsible when online banking accounts get hacked and pillaged. But where does the fault really lie? Banks and their customers are on opposite ends of a feud over which is responsible when online banking accounts get hacked...