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Articles about Fraud

Queensland man arrested on charges including Bitcoin theft

Back in March, a man from the Queensland town of Kingaroy identified by News Limited as Shane Duffy was charged for breaching the systems of Riot Networks.Those attacks included copying files and briefly hijacking the company's Twitter account, and in April, a Maryborough magistrate confirmed bail conditions that forbade him …

Queensland cops collar League of Legends 'hacker'

A Queensland man has been arrested, accused of hacking League of Legends and selling player data online. According to Queensland Police the 21-year-old, identified by News Limited as Shane Duffy of Kingaroy, unlawfully accessed Riot's network, databases and files, and hijacked the company's Twitter account. The police say they …

Press release scam pelts poor PRs with volley of UNTRUE invoices

Fraudsters are targeting PR agencies that make use of newswires though a sneaky false invoicing scam. Pressat, which distributes press releases from tech PR agencies and others, put out a warning about fraudulent attempts to trick its clients into paying out on the back of false invoices that typically demand €580. The latest …
John Leyden, 28 Apr 2014
Arthur Katsogiannis

New South Wales' top cybercrime cop talks to Vulture South

It seems odd that a veteran hard-nosed, clean-cut cop who cut teeth fighting triads and outlaw bikie gangs across Sydney would apply for a job running the state's cybercrime police division, and even more bizarre that he would get it. But sometime in his younger years before the then champion bodybuilder would oversee …
Darren Pauli, 14 May 2014
The Register breaking news

Amazon, eBay, banks snub anti-fraud DNS tech, sniff securo bods

Despite the best attempts of security vendors, neither online stores nor the financial industry seem particularly keen to adopt DNSSEC tech - an anti-fraud mechanism that makes it difficult for fraudsters to spoof legitimate websites. DNSSEC (DNS Security Extensions) uses public-key encryption and authentication to guard against …
John Leyden, 18 Feb 2013
The Register breaking news

UK fraud losses soar to over £38bn

Fraud cost the UK economy more than £38bn over the last 12 months, according to the latest annual statistics from the UK's National Fraud Authority. The figures represent an increase of nearly £8bn (or more than 25 per cent) for the losses recorded by the same Annual Fraud Indicator last year. Fraud in the public sector (£21.2bn …
John Leyden, 28 Jan 2011
Paypal vulnerability

PayPal post-checkout cash slurp a FEATURE not a BUG

An apparent flaw that lets users add any amount of money onto already processed PayPal transactions is a feature, not a bug, according to the payments giant. The function was designed to allow sellers to add additional costs for services like shipping on the top of transaction totals which customers had approved through the …
Darren Pauli, 23 Jul 2014
graph up

US judge rejects Oracle's fraud claim against HP

A US judge has dismissed an Oracle fraud claim against HP in the companies' ongoing legal battle over the Itanium platform. Last year, Oracle discontinued its software support for Itanium chips, alleging that Intel had made it clear the microprocessors' time was nearly up and that it would now be focusing on its x86 chips. HP, …
channel

Fraud charges for 3 former Torex execs

The Serious Fraud Office (SFO) is charging three former executives of Torex Retail Plc with fraud offences. The company came to the attention of investigators four years ago after a trading update in 2007 which claimed all was well was quickly followed by a profit warning. The SFO raided several properties as a result, and the …
John Oates, 05 May 2011
management management1

HP clinches six week extension on whether to join shareholders' suit against Autonomy

HP has said that it has made decisions about how to proceed with a case brought by its shareholders over the $8.8bn writedown for the acquisition of Autonomy – but it wants six more weeks to mull them over. The company was given until last Friday to think about recommendations by a committee of independent directors over the …
The Register breaking news

Auction fraud complaints prop up declining US cybercrime reports

US complaints about internet fraud dropped 10 per cent last year. The Internet Crime Complaint Center (IC3) fielded 303,809 reports of cybercrime in 2010, down from 336,655. The agency – maintained by staff from by the FBI and the National White Collar Crime Center – said the reduced figures were still the second highest in its …
John Leyden, 25 Feb 2011
The Register breaking news

Euro fraud cops crush garlic tax evaders

The European Anti-Fraud Office (OLAF) says its new whistleblowing website has helped it extinguish a cigarette-smuggling ring and sniff out falsely labelled garlic. Since OLAF launched the internet-based Fraud Notification System last year, the number of fraud tip-offs has increased: previously, whistleblowers could leave a …
The Register breaking news

China's internet wunderkind in the dock over alleged fraud

Chinese internet darling Qihoo 360 Technology has been accused by the research arm of hacktivist group Anonymous of deliberately overstating the volume of traffic to its site in order to attract advertisers, allegations which if true could see it kicked off the New York Stock Exchange. Qihoo has had a spectacular impact on its …
Phil Muncaster, 03 Jul 2012
New homepage of Gov.uk, credit screengrab gov.uk

Five arrested over money-grubbing fake UK.gov shocker

Five suspects in Blighty have been arrested during an investigation of copycat government websites that con folks out of money for items like new passports, driving tests and car tax discs. The sites try to pass themselves off as official and then trick people into paying for services that the government actually provides more …
The Register breaking news

MPs criticise banks on online fraud despite declining losses

A House of Commons Treasury Select Committee report has criticised banks for failing their customers in the fight against online fraud. Members of the influential committee criticised banks as being "unprepared" to deal with internet fraud as part of a wider study into retail banking, whose main conclusions called for greater …
John Leyden, 07 Apr 2011
The Register breaking news

Top Tory 'lost voters' personal info' days before ID fraud week

Just days before the start of National Identity Fraud Prevention Week on Monday, the Prime Minister's chief policy advisor Oliver Letwin has been snapped binning what appear to be documents containing personal information in a public park. The discarded documents are said to include the addresses of Letwin's constituents in West …
Anna Leach, 14 Oct 2011
The Register breaking news

Banking Trojan hijacks live chat to run real-time fraud

A new strain of financial malware is hijacking live chat sessions in a bid to hoodwink business banking customers into handing over their banking login credentials or into authorising fraudulent transactions. The attack is being carried out using the Shylock malware platform*, using a configuration that runs a browser-based man- …
John Leyden, 28 Feb 2012
management regulation1

Banks slap Olympus with £160 MEEELLION lawsuit

Just when it thought the dark days were behind it, camera purveyor Olympus has been slapped with a ¥28 billion (£160m) lawsuit from six trust banks over a long running accounting scandal. In a brief note on the company’s website, Olympus said it had received notice from the banks’ lawyers that they are seeking ¥27.9bn in …
Phil Muncaster, 10 Apr 2014

Feds charge three in brain-ache $15m Pentagon payroll pillage plot

Three men have been indicted in the US for trying to steal at least $15m by hacking into the Department of Defence's payroll service and customer accounts at 14 different financial institutions. The US Attorney's office in New Jersey has charged two men from Kiev in Ukraine, Oleksiy Sharapka and Leonid Yanovitsky, and a third …
The Register breaking news

Whitehall fraud pilots save £12m

The Cabinet Office says data-matching has helped its anti-fraud initiatives to stem huge losses from government funds. The government has said that three pilot projects aimed at tackling the £21bn lost each year through fraud and error have delivered £12m worth of savings in their first few months. According to an interim …
snowden insider theft security

350 DBAs stare blankly when reminded super-users can pinch data

Enterprises are ripe picking grounds for would-be Ed Snowdens, according to a survey conducted by the Ponemon Institute for Raytheon that found hundreds of organisations did not have policies to limit the amount of sensitive data staff can access. The survey of 700 techies found Snowdens-in-waiting were typically database …
Darren Pauli, 21 May 2014
DDoS image

London teen charged over Spamhaus mega-DDoS attacks

An unnamed London teenager has been charged with a series of criminal offences following a series of denial-of-service attacks against internet exchanges and the Spamhaus anti-spam service last year. The 17-year-old male from London was charged on Friday and faces computer misuse, fraud and money-laundering offences at a hearing …
John Leyden, 30 Jun 2014
The Register breaking news

Barclaycard pay-by-bonk fraud risk exposes Amazon's security

Channel 4 News has found out that pay-by-wave phones are compatible with pay-by-wave cards, and wants something done about it, but it's web bazaar Amazon that's lacking basic security. The investigation, which was carried out by viaForensics at Channel 4's behest, discovered that one can lift the credit card number, expiry date …
Bill Ray, 26 Mar 2012
The Register breaking news

Credit crunch pushes US ID fraud to 8 year low

US identity fraud losses fell sharply last year, bucking a long-running trend. The number of fraud victims decreased 28 per cent in 2010 from 11 million to 8.1 million. The total value of fraudulent losses also fell from $56bn in 2009 to $37bn in 2010, according to an annual study by Javelin Strategy & Research. Javelin reports …
John Leyden, 09 Feb 2011

You have a Skype voicemail. PSYCHE! It's just some fiendish Trojan-flinging spam

A spam run of fake Skype voicemail alert emails actually comes packed with malware, a UK police agency warns. Action Fraud said the zip file attachments come contaminated with a variant of the notorious ZeuS banking Trojan. Messages typically come with the subject line “You received a new message from Skype voicemail service”. …
John Leyden, 28 Nov 2013
balaclava_thief_burglar

UK bank heist-by-KVM gang sent down for 24 years after nicking £1.2m

A gang has been jailed after secretly installing hardware in Barclays bank branches to control PCs and steal £1.2m. The sneaky crims hooked up a hidden KVM (keyboard, video and mouse) switch and a 3G mobile dongle to computers at two London branches. This allowed the thieves to connect to the switch over the internet, access the …
John Leyden, 25 Apr 2014

FBI floats $5 MEELLION bounty for alleged Chinese WMD purveyor

The US State Department has offered a $5m bounty for information leading to the arrest of Chinese businessman Li Fangwei for his alleged role as a major supplier of ballistic missile technology to Iran. The latest efforts are part of a major push by the Treasury, Justice, Commerce and State departments to get their hands on Li …
Phil Muncaster, 30 Apr 2014
channel

Satyam pays $10m to end fraud probe

Indian reseller and outsourcer Mahindra Satyam and its auditor PwC have paid a total of $16m to end a US investigation into fraud charges. The Securities and Exchange Commission said yesterday that failings by five PwC Indian subsidiaries allowed the massive fraud to go undetected for years. It said the problems were not limited …
John Oates, 06 Apr 2011

Feds hunt 30-year-old alleged to be lord of Gameover botnet

The FBI has released a wanted notice for 30-year-old Russian national Evgeniy Mikhailovich Bogachev, whom they allege to be the mastermind behind both the Gameover ZeuS and the even more infamous CryptoLocker ransomware. A US indictment has been unsealed against the suspect following an FBI-led takedown operation that disrupted …
John Leyden, 03 Jun 2014
Disney's Beagle Boys

Experian subsidiary faces MEGA-PROBE for 'selling consumer data to fraudster'

Several US states have launched an investigation into a subsidiary of credit reference bureau Experian after a fraudster allegedly bought millions of consumers' personal data from it. Vietnamese national Hieu Minh Ngo allegedly used information obtained through Experian subsidiary Court Ventures to run two identity fraud- …
John Leyden, 07 Apr 2014

Tech Data: UK accounting errors cost us $27m

Tech Data (TD) has turned to "external experts" to beef up fraud detection measures after it emerged that righting accounting wrongs at its UK sub had wiped $27m (£16.55m) off net profits for the last three years. The restatement equates to three per cent of income made during fiscal '11, '12 and '13, the periods that forensic …
Paul Kunert, 05 Feb 2014
The Register breaking news

Chinese mobile malware powers click-fraud scam

Malware writers are trying to infect Chinese users of Android smartphones with a Trojan that poses as a wallpaper for the smartphone's screen or other legitimate applications, such as the popular game RoboDefense. The mobile malware, dubbed Adrd or alternatively HongTouTou, has been seeded onto third-party mobile app stores in …
John Leyden, 17 Feb 2011

Did HP just tip its hand on Autonomy? Spoiler: It was a busted flush

Autonomy has come under fire for a software deal between itself, reseller MicroTechnologies, and the Vatican – but all is not as it seems. A report published by Reuters on Friday attempted to shed light on HP-owned Autonomy's strange deal to sell technology worth $11.55m to MicroTechnologies, which was bidding on a contract to …
Jack Clark, 18 Jul 2014
The Register breaking news

Chain Reaction finds and plugs security hole that led to fraud

Popular UK-based biking site ChainReactionCycles.com has confirmed that a security breach on its systems led to fraud against its customers. Some of the cyclists who shopped with the site earlier this month noticed fraud against their credit cards days later, normally fraudulent purchases of mobile phone top-ups costing around £ …
John Leyden, 25 Mar 2011

Blighty's SFO 'not conflicted' on Autonomy numbers probe

Blighty's Serious Fraud Office has said that there's no conflict of interest in its criminal investigation into Autonomy, despite reports that the SFO itself uses the firm's document management tool Introspect. The SFO was called in to look into allegations from new owners HP of accounting irregularities and misrepresentations …
balaclava_thief_burglar

Feds charge Vietnamese suspect with slurp'n'flog of half-a-million Americans' ID data

A Vietnamese man has been charged in connection with a long-running scam involving the theft and resale of what the DoJ rather hiply refers to as the "fullz”* (personal information) of hundreds of thousands of Americans. Hieu Minh Ngo, 24, a Vietnamese national, was hit with a total of 15 charges, including conspiracy to commit …
John Leyden, 22 Oct 2013
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New licence and SAP unit sale knackers Software AG's numbers

Delayed IT projects and offloading the SAP business have dealt Software AG’s business a double blow for its latest quarter. Germany’s other major software maker today reported a second-quarter revenue drop of 18 per cent to €196m ($263.9m) and net income halved to €14.2m ($19.1m). Earnings per share was also almost halved to €0 …
Gavin Clarke, 24 Jul 2014
The Register breaking news

Phishers dodge fraud protections in Firefox, Chrome

A recent round of phishing attacks targeting customers of Bank of America and PayPal circumvent fraud protections built in to the Mozilla Firefox and Google Chrome browsers by attaching an HTML file to the spam email. According to M86 researcher Rodel Mendrez, the locally stored file opens a web form that collects the customers …
Dan Goodin, 17 Mar 2011
The Register breaking news

Internet fraud laundryman gets two years in cooler

An internet fraudster was sentenced to two years prison yesterday for his part in a gang which pocketed hundreds of thousands of pounds from various web-based scams. Michael Ugboaja, 48, of Beckton, was sentenced for his part in laundering £470,000. The gang targeted a Canadian doctor on a dating site and persuaded her to hand …
John Oates, 07 Jul 2011

Hundreds of folks ready to sue Bitcoin exchange MtGox

Over 400 people have expressed an interest in joining a class action lawsuit against Bitcoin exchange MtGox, according to a British-based law firm. Selachii has been gathering up investors stung by the collapse of the exchange and the prospect that it may have lost 750,000 of its customers' Bitcoins and 100,000 of its own, …
Data breach image

Who has your credit card data? 1 million HOLIDAY-MAKERS' RECORDS exposed

A UK-based online travel firm has been fined £150,000 over a breach of breach of the Data Protection Act after their "insecure" coding reportedly exposed more than a million customer records to cybercrooks. Think W3 Limited was hacked in December 2012 in an attack that relied on what the ICO described as "insecure" coding on the …
John Leyden, 24 Jul 2014
The Register breaking news

Fraud baron forced henchmen into S&M orgies to prove loyalty – cops

A US card cloner forced would-be gang members to take part in group sex sessions as part of an initiation ceremony designed to weed out undercover cops, according to a detective. Vikas Yadav - an Indian national resident in Athens, Georgia, at the time of his crimes but has since been deported - used chat rooms frequented by …
John Leyden, 01 Feb 2012

Feds cuff five more suspects in $45m bank mega-cyber-heist

US Federal authorities have arrested five people accused of aiding a massive electronic bank heist in New York earlier this year. The US District Attorney's office for Eastern New York said that the five were detained following the discovery of photographic evidence that allegedly links the men to a $45m cash-swindling operation …
Shaun Nichols, 19 Nov 2013

Feds indict nine for making millions from Zeus malware

The FBI and the US Department of Justice have unsealed charges against nine people accused of racketeering, computer fraud, aggravated identity theft, and multiple counts of bank fraud related to their use of the Zeus malware against victims in the state of Nebraska. "The 'Zeus' malware is one of the most damaging pieces of …
Iain Thomson, 14 Apr 2014

Reprieve for Weev: Court disowns AT&T hacker's conviction

Andrew "Weev" Auernheimer has had his troubling conviction and sentence under the Computer Fraud and Abuse Act reversed and vacated. The Third US Circuit Court of Appeals announced on Friday [PDF] that Weev's conviction was being vacated due to it being tried in an improper venue, following an appeal by Weev. Weev had been …
Jack Clark, 11 Apr 2014
The Register breaking news

UK plastic fraud losses fall for first time in 3 years

A rise in online banking fraud losses took some of the shine off the overall fall in debit and credit fraud in the UK last year. Official figures from the UK Cards Association, which represents UK credit and debit card providers, published on Wednesday show that fraud on debit and credit cards fell by 28 per cent in 2009 to £440 …
John Leyden, 10 Mar 2010
Lock the Gate, Bentley

Anti-coal protestors rated top threat to Australian e-voting

Sarong-clad anti-coal hippies have been marked as a chief threat to online voting at the election scheduled to take place in 2015 in the Australian state of New South Wales (NSW). The protestors are identified as a threat in a report penned by CSC for the NSW government. The Reg has seen a copy of the report, which suggests …
Darren Pauli, 19 May 2014
Bitcoin bloodbath

MtGox gets its sorry assets frozen amid US class-action lawsuit

Embattled Bitcoin exchange MtGox has experienced a setback in its efforts to gain bankruptcy protections in the US, their opponents' legal team tells us, as the company has been hit with a temporary restraining order freezing its assets. The order, attorney Christopher Dore of Edelson PC tells The Reg, was obtained by plaintiffs …
Shaun Nichols, 11 Mar 2014
bug

Secluded HijackRAT: Monster mobile malware multitool from HELL

Cybercrooks have brewed up a malicious Android app that bundles a raft of banking fraud tricks into a single strain of mobile malware. The Secluded HijackRAT is banking trojan that packs together new and previously unseen tricks, according to net security firm FireEye. The mobile nasty combines private data theft, banking …
John Leyden, 03 Jul 2014

Bitcoin ban row latest: 'Unstable, loved by criminals' Yup, that's the US dollar – Colorado rep

A US Congressman has proposed a ban on the American dollar to mock colleagues who are campaigning against Bitcoin. Rep. Jared Polis (D-Colorado) said the American dollar bill, much like the Bitcoin cryptocurrency, was "unregulated and unstable," and had been used for illicit criminal activity. Polis, a former web entrepreneur …
Shaun Nichols, 06 Mar 2014