Teenage eBay fraudster damned by own journals
An Australian teenager has been sentenced two three years in prison after having plead guilty to over 100 charges of online fraud perpetrated on eBay. The fraudster effected …
Moldovan fraud ring mastermind arrested
A coordinated effort of the Irish gardai and custom officers has led to the arrest of a Moldovan man that is thought to be the leader of and mastermind behind an international …
What are banks not telling us about card fraud?
Reports that a Russian hacker has pleaded guilty of ripping off WorldPay, the online transaction processor, to the tune of $10 million, have met with a grim smile by Lieberman …
ATM skimmers don’t even have to be on the ATM
Careful ATM users know enough to give a hasty visual check to the machine before using it and to hide the keyboard while entering their PIN. Unfortunately, sometimes even that …
Hedge funds unprepared for cyber attack
With details trickling in about how the sophisticated Stuxnet computer worm derailed years of work on Iran’s nuclear program, many seasoned observers are left to wonder …
Banking Trojan incorporates legitimate remote control software
It seems that every technology made for “good” can be misused, and that also goes for software, apparently. An ESET researcher has recently received a sample of …
Undetectable fake ATM keyboard steals PINs in real time
Thieves and scammers are an inventive bunch, especially when it comes to stealing you money indirectly. And the latest discovery of a fake keyboard that is placed over an …
New type of ATM skimming attacks
ATMs in Europe have lately been hit with skimming attacks that are not only effective, but also rather brazen – the criminals have taken to reprogramming the …
Security concerns make 1 in 3 users avoid online banking
According to a survey by Avira, 1 in 3 people don’t use online banking because they’re concerned with safety and almost 50 percent are at least wary of online …
Customers vote against banks that don’t take security seriously
A report claiming to show that one in ten bank customers have moved banks owing to privacy and security concerns is a clear example of how banks need to start taking …
FBI warns businesses about corporate account take overs
The FBI has issued a fraud advisory to warn businesses about the various bank fraud scams currently employed. Created by financial institutions, industry trade associations, …
The rise of the insider threat
The bank insider threat is on the rise. Patrick Romain, head of solutions in Barclays Information Security Group, calls it a “power threat” – obviously …
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