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Articles about Fraud

Puss considers how to respond to PayPal marketing overtures

'Bank couriers' who stole money from OAP cancer sufferer jailed

Two men have been jailed following their conviction for running a series of courier fraud scams in south London, Surrey and Sussex. Shaun Moore, 22, of no fixed abode and Jevon Grant, 20, of Croydon were sentenced to 18 months imprisonment and two years in a young offenders' institution, respectively. Both pleaded guilty to …
John Leyden, 03 Apr 2014
australian credit cards fraud contactless

Americans to be guinea pigs in vast chip-and-PIN security experiment

Next year US banks will begin a wide-scale rollout of chip-and-PIN bank cards, just 11 years after the UK made it mandatory. In doing so, Americans will take part in a vast experiment to test chip-and-PIN against chip-and-sign when it comes to stamping out money thieves. Not every US bank is keen on the PIN system, so some …
Iain Thomson, 07 Aug 2014

HP says it will sue former Autonomy CFO Sushovan Hussein

HP has confirmed that it plans to sue Sushovan Hussain, the former chief financial officer of data analytics software firm Autonomy, whom HP claims "was one of the chief architects of the massive fraud" that forced HP to write down $8.8bn of the $10.2bn it paid to acquire Autonomy in 2011. In documents [PDF] filed with the US …
Neil McAllister, 04 Aug 2014

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
Telephone

One in 2900 phone calls is an IDENTITY THIEF

One in every 2900 phone calls to contact centres was made by fraudsters attempting to gain customer account details to steal funds or buy merchandise, according to Pindrop Security's Vijay Balasubramaniyan. Researchers canvassed 105 million phone calls and studied the way fraudsters pulled off identity theft by conning phone …
Darren Pauli, 06 Aug 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
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, …
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
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 …

SecureData buys into big data, grabs stake in software developer

Security integrator SecureData has coughed an undisclosed sum for a minority stake in Paterva, the developer and purveyor of big data wares. Security, mobility, social, cloud and big data are the market drivers being talked by vendors from HP and IBM to Microsoft – and now the Kent-based supplier has a footprint in two of those …
Paul Kunert, 05 Aug 2014
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
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
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

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
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 …

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 …
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
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
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
apothekerCHANGES2

Autonomy ex-moneyman: 'Visionary' Léo would have made HP merger work

The former chief financial officer of Autonomy has struck back against HP's claims that he defrauded it and its shareholders, arguing that HP's execs were solely responsible for bungling the company's $10.2bn acquisition of Autonomy in 2011. "HP's Opposition swells with bile, but its sound and fury signify nothing," lawyers for …
Neil McAllister, 12 Aug 2014
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
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

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

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
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

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

Something's phishy: More holiday scam spam flung at real hotel customers

Multiple customers at several hotels are getting hit up with a sophisticated phishing scam based on real hotel bookings. The latter all share the common factor of being made through Booking.com. Last week we reported how the wife of a Reg reader received a scam email after booking a family holiday in a hotel in Mallorca, Spain …
John Leyden, 18 Aug 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

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

Ad biz now has one less excuse to sponsor freetards and filth

Project Sunblock is a technology that might help make the internet less of a cesspit. It tells advertisers where their ads are appearing on the web, which would be unremarkable in any other medium: shouldn’t the ad spenders know exactly where their ads are appearing? But it’s not that simple. Web advertising can entail a …
Andrew Orlowski, 04 Aug 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

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
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
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
Fraud image

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
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Researcher snaps a Zeus hacker's photo through his webcam

Security researcher Raashid Bhatt has detailed how to bust the security protections of the Zeus banking trojan allowing him to take a webcam photo of the scammer. Bhatt (@raashidbhatt) wrote in a technical blog how he reverse-engineered the malware after a scammer attempted to foist the malware on him through a phishing scam …
Darren Pauli, 07 Aug 2014