Articles about Fraud

homeless man with sign

Crims fall back on old-school cons to avoid anti-fraud tech

Crims are returning to more traditional cheque and telephone banking fraud techniques according to stats from the UK Card Association. Total losses on credit and debit card scams fell seven per cent to £341m in 2011 - the lowest since the turn of the millennium - and online banking fraud was down 24 per cent to £35.4m despite an …
Paul Kunert, 08 Mar 2012
gavel_judgment_channel

Former HTC staffers charged with fraud, leaking company secrets

Five former HTC employees, including one former executive, have been charged in a Taiwanese court with leaking corporate secrets, accepting illegal kickbacks, and falsifying expenses. According to the Wall Street Journal, Thomas Chien, formerly VP of product design at HTC, has been charged with leaking details of a future …
Neil McAllister, 28 Dec 2013
The Register breaking news

Aussie fraud buster seized by global rival

Cybercrime buster ThreatMetrix has added Australian malware protector TrustDefender to its global fold. Following the acquisition TrustDefender will operate under the ThreatMetrix name with global operations in the United States, Australia and Europe. The corporate headquarters will be located in San Jose, California. The co- …
Crop of doctor with pen and clipboard

Premera Blue Cross is sick after hackers plunder their servers

Health insurance firm Premera Blue Cross has admitted that it has become the latest victim of data theft after hackers targeted its IT department's servers in what's been dubbed a "sophisticated attack". On May 5 last year online hackers successfully penetrated Premera's defenses and cracked servers containing personal, …
Iain Thomson, 19 Mar 2015

PoSeidon, brother of Zeus, forks up point of sale terminals

Cisco has found a new and stupendously badass breed of point of sale (POS) malware it says is meaner than the code that tore through Target. The "PoSeidon" malware is built on the shoulders of infamous Zeus money sucking exploit kit and sports improvements to BlackPOS which plundered millions from Target payment terminals in …
Darren Pauli, 23 Mar 2015

Calling all cybercrooks: Ready-made phone attack rig for sale

Cybercrooks are marketing a hardware-based tool for running denial of service attacks on telephone systems. The Telephone Denial of Service attacks (TDoS) rig is being sold by a group of cybercriminals called “TNT” from Eastern Europe via underground cybercrime forums. The tool, called “TNT Instant Up”, features a special …
John Leyden, 23 Feb 2015

Pollster says ID fraud less costly than we thought

Here’s a riddle for you: what’s the cost of identity theft and so-called “cybercrime” in Australia on an annual basis? If you answer “I don’t know”, you’re probably as close as most people. The latest data to be lobbed into the discussion is here, from Essential Research. Of its survey respondents – 995, the study had the same …

Polygraph.com owner pleads guilty to helping others beat lie detector

A former cop and owner of the website Polygraph.com has pleaded guilty to five charges of obstruction of justice and mail fraud for teaching people how to cheat lie detector tests. Douglas Williams, 69, of Norman, Oklahoma, faces up to 20 years in jail and up to a $250,000 fine for selling polygraph-evasion training to two …
Kieren McCarthy, 14 May 2015
hands waving dollar bills in the air

Fraud a growth sector as UK economy stalls

Fraud is staging a come back in the channel as crims gamble on the desperation of some fretful business owners in the harsh economic climate. Stats from credit reference agency Graydon UK reveal a massive spike in fraud attempts, up 130 per cent for the first five months of 2011 to 214 cases, with company hijacking and cloned …
Paul Kunert, 27 Jul 2011
The Register breaking news

Financial fraud hits 23-year high

High-end financial fraud hit a record 23-year high during the course of 2010, management accountancy and consultancy firm KPMG reports. KPMG's latest annual Fraud Barometer report records 314 incidents of fraud with a combined total of £1.4bn, up 16 per cent on 2009. This is the highest level recorded in the 23-year history of …
John Leyden, 12 Jan 2011

Home Depot hacker hosing cost a wallet-draining $43m (so far)

Hacked hardware mart Home Depot has forked out $43m to quash spot fires emanating from the data breach inferno this year, SEC filing documents show. The payout covered damages from the theft of 56 million payment cards and 53 million email addresses. It covered the cost of investigating this year's five-month-long breach, …
Darren Pauli, 27 Nov 2014
The Register breaking news

New study: 'Fraud behind two-thirds of pulled medical papers'

Medical boffins are rarely wrong when they publish in journals - but some are prepared to lie quite a lot, according to a new study on retracted scientific papers. Previous studies have claimed that most papers are pulled from publication because there's some error in them, but this fresh investigation claims malpractice is …
The Register breaking news

'World's BIGGEST online fraud': Suspect's phone had 'location' switched on

Two Russians arrested over their suspected involvement in the largest online fraud in US history were tracked down by analysing photos they posted to social media sites and tracking the location of one suspect's mobile phone, Reuters reports. Four Russians and a Ukrainian national were named as suspects in a credit card hacking …
John Leyden, 29 Jul 2013
Files

UK banks hook themselves up to real-time cop data feed

UK banks will receive real-time warnings about threats to their customers' accounts as well as the overall integrity of their banking systems from a new financial crime alert system. Financial Crime Alerts Service (FCAS), which is being rolled out by banking industry association BBA, is designed to allow financial crime …
John Leyden, 23 Sep 2014
PlayStation 4

Sony tells hacked gamer to pay for crooks' abuse of PlayStation account

Sony has told a victim of fraud he must either pay the outstanding charge caused by his Playstation account being hacked, or remain locked out – effectively rendering his console unusable. In February, Ben Smyth's account was hacked and £49.99 was fraudulently charged to his credit card. His details were changed by Sony and the …
Kat Hall, 02 Apr 2015

Qld Health payroll worker charged over fake overtime claims

Not only did Queensland Health's notorious botched IT upgrade cost the state upwards of a billion dollars: it's also alleged that the chaos created an opportunity for a dodgy worker to siphon tens of thousands of dollars from the department. The state's Crime and Misconduct Commission is alleging 46 counts of fraud against an …

Facebook unveils P2P moola-to-mates payment feature

Facebook chumps can now send money to other Facebook chumps via the free content ad network's Messenger app. The company confirmed on Monday that the new peer-to-peer feature would be deployed initially in the US over the next few months. Facebook's money-transfer service offers to retain a user's Visa or MasterCard debit card …
Kelly Fiveash, 18 Mar 2015
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SEC bars ex-Systemax veep from director role in fraud deal

The SEC has barred former Systemax veep Gilbert Fiorentino from being a director of a PLC again after finding he "fraudulently" pocketed hundreds of thousands of dollars in compensation over five years. The disgraced exec, who had been CEO of the reseller's Technology Products Group, was put on administrative leave in April 2011 …
Paul Kunert, 18 Sep 2012
Google sign outside Mountain View headquarters

Google nets Spider.io to thwart fraudsters

Google is looking to boost the security and fraud prevention arms in its advertising business with the acquisition of London's Spider.io. The company announced on Friday that it had agreed to terms on a deal to integrate the fraud-detection specialist into its advertising services. The company will seek to help Google spot fraud …
Shaun Nichols, 22 Feb 2014

Visa's tokenisation scheme to debut in Australia

Australian and European shoppers will be able to use a throwaway Visa card token to shop online in a bid to reduce fraud. The scheme is being rolled out across Australia and Europe to Visa-allied banks and merchants. Shoppers will be issued tokens that will be matched to their cards. Validated transactions will map tokens to …
Darren Pauli, 25 Feb 2015
Cartoon of fist clutching dollars smashing out of smartphone

PayPal pays $60m for Israeli predictive security start-up

PayPal has confirmed a $60m acquisition of security intelligence firm CyActive. The online payments firm, soon to be spun off from eBay, accompanied the announcement of the deal with plans to open a research hub in Israel. CyActive, founded by ex IDF intelligence unit cyberspies in 2013, specialises in trying to predict the …
John Leyden, 11 Mar 2015

'Aaron's Law' back on the table to bring sanity to US hacking laws

The so-called "Aaron's Law," named after the late activist Aaron Swartz, is back before US Congress having been reintroduced on Wednesday in both houses. Silicon Valley rep Zoe Lofgren (D-CA) and tech-savvy senator Ron Wyden (D-OR) have put the legislation on the table a second time after it was effectively ignored last session …
Kieren McCarthy, 23 Apr 2015

Cybercrim told to cough up £1m or spend years in chokey

A cybercriminal from Thamesmead has been given six months to turn up £1m, or he'll be spending another four years behind bars. Rilwan Adesegun Oshodi – a 31-year-old Nigerian national, formerly of Greenhaven Drive, Thamesmead, SE28 – is currently enjoying Her Majesty's hospitality for conspiracy to defraud and conspiracy to …
Silhouette of spy discerning password from code uses a command on graphic user interface

'Arkansas cops tried to hack me with malware-ridden hard drive'

A lawyer representing three police whistleblowers has claimed a hard drive sent to him with evidence for his case was deliberately infected with password-stealing malware. Matthew Campbell, a lawyer with the Pinnacle Law Firm in North Little Rock, Arkansas, is working on behalf of three past and present officers of the Fort …
Iain Thomson, 15 Apr 2015
Fraud image

Half a meellion euros stolen in week-long bank smash 'n' grab

Attackers have pulled off a lucrative lightning raid on a single beleaguered bank stealing half a million euros in a week, Kaspersky researchers say. The crims stole between €17,000 and €39,000 from each of 190 Italian and Turkish bank accounts, with a single continuous attack. Man-in-the-middle attackers used stolen bank login …
Darren Pauli, 26 Jun 2014
spark fun electronics rotary dial mobile phone

Lame phone dodgers fleece finance's foolish and fat fingered

Scammers are attempting to fleece a hundred top US financial companies by registering phone numbers close to those in use by the firms, engineer Scott Strong says. Of some 600 top financial institutions across the US, 103 or about 20 percent had scammers register their numbers with only the last few digits altered in a bid to …
Darren Pauli, 19 Nov 2014
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

CSC to sue ServiceMesh man Eric Pulier over Australian bribe scandal

Exclusive CSC has initiated legal action against Eric Pulier, formerly head of strategy for the company's Emerging Business group, over his actions as head of service. Pulier is alleged to have made improper payments to executives of Australia's Commonwealth Bank. Those payments are said to have won ServiceMesh the deal, making it a …
Simon Sharwood, 12 May 2015

Fake Cisco box pushers cuffed by Intellectual Property Police

A London-based criminal outfit suspected of flogging $10m (£6.6m) in counterfeit Cisco networking gear to the US has been arrested by the City of London Police Intellectual Property Crime Unit (PIPCU). Three men aged 38, 36 and 35, were arrested last week by City police on suspicion of running the counterfeit business. An …
Kat Hall, 07 May 2015
The Register breaking news

Conmen swipe 100,000 Brits' sensitive info in UK.gov fraud bid

Crooks attempted to defraud the UK government after swiping sensitive details on tens of thousands of civil servants, postmen, BT staff and public-sector workers, The Register has learnt. The audacious raid of personal information on state and private-sector employees is the subject of a two-and-a-half-year criminal …
Anna Leach, 27 Nov 2012
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Vatican 'ghost account' claims as reseller wades into Autonomy-HP legal struggle

MicroTechnologies, a reseller caught up in the long running HP/Autonomy legal battle, has itself fired a legal salvo at the US behemoth. MicroTech claims it is owed millions of dollars for software that was paid for but never delivered. MicroTech was named in HP’s claims against former Autonomy CEO Mike Lynch, saying that he …
Paul Kunert, 19 May 2015
Mike Lynch

Autonomy founder attacks HP fraud charges with new website

British software entrepreneur and Autonomy founder Mike Lynch has launched a new website dedicated to airing his ongoing grievances with HP, which has accused him and other former Autonomy execs of misrepresenting the company's finances. The site, which is hosted at AutonomyAccounts.org, says it aims to provide "relevant …
Neil McAllister, 04 Dec 2012
The Register breaking news

Crooks beat anti-fraud cops with old-school bank scams

Payment card and banking fraud losses fell this year against a rise in cash pilfered through old-school cheque and telephone banking fraud, according to figures released today for the UK. Total fraudulent losses dropped to £169.8m between January and June 2011, down 9 per cent from £187m in the same period last year. Losses fell …
John Leyden, 05 Oct 2011

US retail giant Target fails to get banks' MEGABREACH lawsuit slung out of court

Target has failed in is attempt to persuade a judge to reject lawsuit by banks harmed by losses following the US retail giant's megabreach. US District Judge Paul Magnuson ruled that Target played a "key role" in permitting cybercriminals to infiltrate its computer networks. Because of this, a lawsuit by banks seeking to recoup …
John Leyden, 03 Dec 2014
"Typical E-scrapping dismantling operation. 100,000 such migrant workers labor in Guiyu breaking down imported computers in hundreds of small operations like this one in a four village area surrounding the Lianjiang River."

$19 billion made from dumped e-waste every year, says UN

A report by the United Nations Environment Programme (UNEP) claims that up to 90 per cent of the world's e-waste, which Interpol reckons is worth almost $19bn, is illegally traded or dumped annually. The report, titled Waste Crimes, Waste Risks: Gaps and Challenged in the Waste Sector, suggests that between 60 and 90 per cent of …
Puss considers how to respond to PayPal marketing overtures

Average chump in 'bank' phone scam is STUNG for £10,000 - study

UK consumers have lost more than £21m to "social engineering" scams where fraudsters impersonated bank employees and tech support since the beginning of the year, according to GetSafeOnline. A range of tactics including phishing emails, fraudulent phone calls asking for personal or financial information or phone calls from …
John Leyden, 26 Jun 2014
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Brits conned out of nearly £24m in phone scams IN ONE YEAR

Brits have lost three times as much money in phone scams in the last year than they did the year before, according to Financial Fraud Action UK. The organisation, which works with consumers, retailers and the police as well as the financial services industry, said that 58 per cent of people said they’d received suspect calls, up …
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
Moose

There's a Moose loose aboot this hoose: Linux worm hijacks Twitter feeds for spam slinging

ESET researchers Olivier Bilodeau and Thomas Dupuy have found malware capable of compromising routers and embedded devices, seizing control of social networking accounts, and booting out competitors. The duo report the Moose malware exploits weak login credentials in the networking gear, and does not require vulnerabilities to …
Darren Pauli, 26 May 2015
Uncle Sam recruiting poster

Feds: Cheeky scammers are impersonating us in criminal capers

The FBI-backed Internet Crime Complaint Center (IC3) has issued an advisory warning that email scammers are impersonating it to extort money from gullible punters. The cyber-cop squad said several victims had been in contact after they received emails spoofed to look as though they are coming from IC3 itself. The emails state …
Iain Thomson, 25 Sep 2014
The Register breaking news

Penang fraud gang 'ringleader' snared by Taiwan police

The suspected ringleader of an internet and telephone fraud gang based in Penang, Malaysia, has been nabbed by police after being lured to Taiwan by his former gang-mates, it has emerged. A Taiwanese man known as Huang was reportedly arrested at Taoyuan International Airport near Taipei as he re-entered the country at the end of …
Phil Muncaster, 10 Feb 2012

Listed US tech provider bribed Oz bank worker say cops

Updated A former banking industry IT executive has been arrested in Sydney for bribery over the handling of "lucrative" contracts. Police in the Australian state of New South Wales (NSW) made the arrest, but have provided scant detail about the matter. But the contract must have been big: as the boys in blue say “To date, more than US$1 …

Pentagon 'network intruder', dozens more cuffed in British cops' cyber 'strike week'

A "strike week" against suspected hackers by the UK's National Crime Agency has resulted in 57 arrests. Those arrested are suspected of being involved in a wide variety of cybercrimes such as fraud and virus writing. The suspects – arrested in 25 operations across the UK – face charges including network intrusion and data theft …
John Leyden, 06 Mar 2015

Something smells PHISHY: It's the celeb nudie iCloud PERV trap...

Consumers are being warned to be on their guard against phishers' fake Apple emails and texts designed to exploit the publicity about this week's nude celeb picture flap. In addition to scam emails designed to trick gullible recipients into logging into phishing sites, Symantec warns of a likely upsurge in fraudulent text …
John Leyden, 04 Sep 2014
The Register breaking news

Stick punters' mugs on e-banking pages, that'll end fraud - Schneier

RSA Europe Cryptography guru Bruce Schneier called for more creative thinking and a broader perspective as a means to tackle security problems. For example, the music industry, faced with an explosion in online file-sharing, hired security pros to develop anti-piracy measures, such as digital rights management technology. But these …
John Leyden, 11 Oct 2012
'Fresh' by https://www.flickr.com/photos/vintagechica/ cc 2.0 attribution https://creativecommons.org/licenses/by/2.0/

PCI council gives up, dumbs down PCI DSS for small business

The Payment Card Industry Security Standards Council has created a taskforce charged with improving security among small businesses. The prodigious task will be tackled by encouraging small businesses to adopt security best practice and simplified Payment Card Industry Data Security Standards (PCI DSS). Barclaycard payment …
Darren Pauli, 22 May 2015

Unlimited stolen Uber accounts flogged for $5

Fraudsters are flogging an 'unlimited' number of stolen Uber accounts containing personal details and limited credit card data for less than $5. The accounts are being flogged on Tor hidden service AlphaBay and have forced the taxi company to investigate a possible breach. Credit cards in the stolen accounts thankfully only show …
Darren Pauli, 30 Mar 2015
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

StubHub hit by trans-Atlantic fraudsters, says New York DA

eBay's ticket-selling offshoot StubHub has admitted to a breach of some users' security by a ring of fraudsters. Reuters and AP have both received notification from New York district attorney Cyrus Vance of an event to be staged on Wednesday morning US time, at which the details of the attack will be revealed. Arrests in at …
Simon Sharwood, 23 Jul 2014
PayPal inStore app in action

Credit card of PayPal PRESIDENT cloned by UK crooks

PayPal president's credit card got hacked on a UK visit, the victim revealed on Twitter. David Marcus said that an unidentified criminal used a skimming device and his credit card was cloned before "tons" of fraudulent transaction were made. The senior executive of the eBay-owned payment processing firm made sure to score a …
John Leyden, 12 Feb 2014

DataStax slurps graph database biz Titan's brains

NoSQL database-start up DataStax is today expected to announce its plans to start developing and selling a graph database for enterprises. DataStax will announce it has bought Aurelius, whose team is behind the Apache-licensed Titan distributed graph database for Cassandra. Financial terms were not revealed. DataStax said the …
Gavin Clarke, 03 Feb 2015