Articles about Fraud

management research

UK Serious Fraud Office queues up to probe HP's Autonomy allegations

The UK Serious Fraud Office has told The Register it is investigating allegations of accounting irregularities at Autonomy, the Brit software house gobbled by HP for $10.7bn in 2011. In November last year, Hewlett-Packard claimed Autonomy "outright misrepresented" its value in the months before its acquisition, causing HP to …
Gavin Clarke, 12 Mar 2013

Ex-Systemax veep cuffed, charged with $230m fraud

Carl Fiorentino, a former president at reseller Systemax, has been charged with accepting bribes worth millions of dollars in return for directing $230m worth of business to certain components suppliers. He was arrested yesterday and released on a $1m personal surety bond. If the name sounds familiar, that's because it is: his …
Paul Kunert, 19 Jun 2013

Google, Facebook and chums launch web blacklist to nail ad scammers

Tech big wigs including Facebook and Yahoo! have forged a giant blacklist to block fake web traffic contributing to advertising fraud, said Google ad man Vegard Johnsen. The Trustworthy Accountability Group (TAG) pilot program will nix bot traffic using a blacklist which could cut a significant portion of web traffic; Google's …
Darren Pauli, 22 Jul 2015

Cybercrim who fleeced students faces scramble to repay stolen cash

A woman who made £1.2m through cybercrime has been ordered to pay back almost £630,000 accumulated from the hundreds of British students she helped to defraud. Ruth Smith-Ajala, 46, a Nigerian national of Redlands Way, Lambeth, was given a five-year sentence back in December 2013 for her role in stealing £1.2m from British …

Bloke thrown in the clink for hacking SIXTY PER CENT of Americans

A Vietnamese crook has started a 13-year stretch behind bars for hacking into corporate America, and offering to sell personal information on 200 million US citizens. Hieu Minh Ngo, 25, pleaded guilty to wire fraud, identity fraud, and access device fraud charges, and four counts of computer fraud and abuse. Judge Paul J. …
Shaun Nichols, 16 Jul 2015

Google makes admen pay for fake YouTube views, claims research

Google has been accused of charging advertisers for YouTube clicks against adverts even when some of those ads have not actually been viewed by a human, according to a study. The paper – Understanding the detection of fake view fraud in Video Content Portals (PDF) – by a group of European researchers evaluated the performance …
Kat Hall, 24 Sep 2015

Google yanks fake Android battery monitor

Zscaler has spoiled someone's app-spoofing sting, discovering a fake battery monitor app on Google Play. Worryingly, the spoof app seems to have gotten past Google's self-lauded Bouncer app vetting system. The company reckons the malicious version of the BatteryBot battery indicator app was probably trying to put together an …

Europol knocks out mobile cybercrime gang in Spain

Europol and la policía española have taken down a gang of alleged cybercriminals engaged in a fraudulent phone calls scam, said to have caused financial damaged estimated at €2m, as part of an operation codenamed "Walker". Coordinated police action in Barcelona on 6 July resulted in the arrest of nine suspects and the …
The Register breaking news

Universal Credit IT system could lead to MORE FRAUD, MPs warn

The number of benefit cheats in the UK could rise thanks to yet more IT problems with the government's new Universal Credit system, MPs warn. A communities and local government committee report published on Wednesday cast more doubt over the "readiness" of the Department for Work and Pensions' Universal Credit system - which …
Kelly Fiveash, 04 Apr 2013
Google Toilet Paper

Google hit by class action lawsuit over claimed AdSense fraud

A class action lawsuit has been filed against Google over allegations by a claimed former employee that the Chocolate Factory is defrauding users of its AdSense platform. The legal action, filed in the US District Court for the Northern District of California on Tuesday, claims that Google knowingly canceled the AdSense accounts …
Iain Thomson, 21 May 2014
The Register breaking news

Russia’s fraud-busting Webcams join the party

Seeking to reassure voters in Russia’s presidential elections that the poll would be fraud-free, Vladimir Putin ordered that Webcams be set up, complete with live streams, in 95,000 polling stations. However, while the cameras have failed to stem complaints about the electoral process that’s almost certain to deliver the …
Gun and dollars

Ex-Autonomy execs: HP's latest wad blows apart fraud allegations

Another week, another round in the ongoing bunfight between HP and the former management team of Autonomy. This time, the ex-Autonomy bods have claimed that new court documents filed by HP prove the latter has misrepresented the reasons why it had to write down $8.8bn in its botched acquisition of Autonomy in 2011. In a lengthy …
Neil McAllister, 12 Sep 2014
Stacks of bitcoin CC2.0 attribution by FD Comite

Texan hotshot coughs to $4.5 million Bitcoin Ponzi scheme

The owner of Bitcoin Savings and Trust (BTCS&T) has admitted running a Ponzi scheme that defrauded people of millions of dollars in the crypto-currency. Texas resident Trendon Shavers, 33, has, in a deal with prosecutors, pleaded guilty to one count of securities fraud in a Manhattan federal court. He was cuffed and charged in …
Iain Thomson, 22 Sep 2015

Jailed Brit con phishes prison, gets bail

A convicted British fraudster used a fake website and fake identities to trick prison officers into releasing him. Neil Moore — jailed for fraud worth £1,819,000 — used a smuggled mobile to post a website mirroring that of the Southwark Crown Court. He then emailed prison officers with instructions for his release, according to …
Darren Pauli, 30 Mar 2015
The Register breaking news

Fraud cops collar two blokes accused of dodging bank's 2-factor auth

Indian police have arrested two men who allegedly circumvented a bank's two-factor authentication protection and looted online accounts. The pair are suspected of buying victims' personal details from other crooks and then tricking mobile phone companies into giving the duo replacement SIM cards. Anyone in possession of these …
John Leyden, 21 Jan 2013

Sysadmin jailed for a decade after slurping US military docs

A US Air Force contractor has been sentenced to 10 years in prison and three years of supervised release for stealing classified documents, in addition to conspiracy to commit naturalisation fraud. Christopher R. Glenn, 34, a South Florida resident, was sent down by District Judge Kenneth A. Marra, of the Southern District of …

Bunitu botnet crooks sell your unencrypted VPN traffic for £££

Cyber-crooks behind the Bunitu botnet are selling access to infected proxy bots as a way to cash in from their network. Users (some of whom may themselves be shady types, as explained below) who use certain VPN service providers to protect their privacy are blissfully unaware that back-end systems channel traffic through a …
John Leyden, 11 Aug 2015

Gates' Corbis busted again for fraud

Corbis, the digital stock photo company founded by Bill Gates in 1989, remains embroiled in a protracted fraud case instigated by Seattle based Infoflows. In the latest instalment Corbis has been ordered to fork out US$12.75 million in damages by the Washington State Court of Appeals as part of the three-year fraud and breach of …
Abbott and Costello dressed as policemen

UK gov dials 999 over Serco prison escort fraud claims

Outsourcing giant Serco is being probed by the cops over allegations of fraud relating to its Prisoner Escort and Custody Services (PECS) contract with the Ministry of Justice. Under the terms of the contract, Serco is supposed to ferry defendants from prison to court on time and is measured against this. The suspected fraud …
Paul Kunert, 29 Aug 2013
australian credit cards fraud contactless

Bulgarian Bill Gates blagger busted, banged up, again: report

A Bulgarian carder has been arrested withdrawing money from stolen cards four years after he was accused of plundering the bank account of Microsoft mogul Bill Gates. Bulgarian national Konstantin Simeonov Kavrakov, 31, was arrested last Thursday in the Philippines pulling cash from ATMs, local media report. Kavrakov was jailed …
Darren Pauli, 13 Apr 2015
Don Draper is sad

Verizon, NetFlix, KFC ad-men pay traffic cons $500k a month

Gergő Varga reckons Verizon, Fedex, and Smirnoff are being robbed half a million dollars a month by advertising scammers. The risk boffin and founder of advertising security firm outfit says the telco, transport and tipple trio which also includes Netflix and KFC are paying for fraudulent ad clicks. "A relatively …
Darren Pauli, 15 Apr 2015

175,000 whinge to Microsoft about phone tech support scams

Microsoft has received more than 175,000 complaints about phone technical support scams since May last year, and Redmond says the "Hello I'm Joe from Windows Technical Support" callers will filch around US$1.5 billion from Americans this year. Redmond in response increased its education awareness through the American …
Darren Pauli, 01 Oct 2015

Light-fingered Satyam founder Ramalinga Raju jailed for seven years

The former chairman of Indian outsourcing firm Satyam Computer Services has been jailed for seven years for his part in a $1.4bn (£953m) accountancy fraud scandal. The Special Central Bureau of Investigations Court in Hyderabad sentenced B. Ramalinga Raju and eight others - including auditors Subramani Gopalakrishnan and Talluri …
Kat Hall, 10 Apr 2015
The Register breaking news

'Broke' Estonian suspect pleads guilty to DNSChanger click fraud scam

An Estonian man has pleaded guilty to involvement in the DNSChanger click fraud scam. The Trojan infected 4 million computers worldwide, netting cybercrooks an estimated $14m in the process. Valeri Aleksejev, 32, pleaded guilty to fraud and computer hacking offences at a hearing at a US federal court on Friday, Reuters reports. …
John Leyden, 04 Feb 2013

SFO: 'Insufficient evidence' for conviction over HP-Autonomy deal

Updated The Serious Fraud Office has retracted its probe into the sale of Autonomy to HP in 2011 on grounds that the information presented to it provides "insufficient evidence for a realistic prospect of conviction". The investigation began in early 2013, following a referral from HP. In 2012, the company alleged Autonomy had "outright …
Kat Hall, 19 Jan 2015
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
The Queen Mother by Phil Houghton

Sony-blasting Lizard Squad suspects quizzed by UK and Finnish cops

UK police have arrested a suspected member of the infamous Lizard Squad crew. The 22-year-old from Twickenham, south-west London, was arrested by police on Tuesday, and questioned about alleged fraud against PayPal as well as claims he is reportedly linked to Lizard Squad – a group of cyber-miscreants who made headlines …
John Leyden, 02 Jan 2015
The Register breaking news

Apple share dive scuppers trader's alleged get-rich-quick fraud scam

A US trader has been charged with fraud by the Feds over a get-rich-quick scheme involving over 2 million Apple shares and $1bn. The trader, David Miller, bought 1.625m shares in Apple on October 25 this year, the day that the fruity firm was scheduled to announce its earnings for the quarter. Miller told his bosses at Rochdale …
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- …
Laurel and Hardy on the phone

Phone hacking blitz hammers's poor VoIP handsets

UK businesses are getting disproportionately targeted by a surge of attacks against Voice over IP (VoIP) systems. The growing use of VoIP technology in business and a greater availability of hacking tools that dumb down the process of hacking into systems has led to an increase in attacks worldwide. UK-based systems are being …
John Leyden, 16 Jun 2015
Woman slaps man. Pic: Shutterstock

Webcam spyware voyeur sentenced to community service

A UK voyeur who hacked webcams to spy on victims has avoided going to prison for his crimes. Stefan Rigo, 33, of Leeds, used the Blackshades malware to infect systems and spy on victims. He was arrested in November 2014 as part of an international operation targeting low-skilled crooks using Blackshades, which gives hackers …
John Leyden, 08 Oct 2015

Facebook fails to block NY DA's fat warrants for profiles of suspected September 11 fraudsters

A decision by a New York judge means that people's Facebook profiles are an open book to prosecutors armed with a warrant, despite the firm's best efforts. Back in July 2013, the New York District Attorney obtained court warrants to access the full profiles and message databases of 381 NY Facebook users suspected of defrauding …
Iain Thomson, 23 Jul 2015

Carphone Warehouse coughs to MONSTER data breach – 2.4 MEELLION Brits at risk

Carphone Warehouse has taken three days to go public about a serious data breach affecting nearly 2.5 million customers – with the confession that up to 90,000 subscribers may have had their credit card info ransacked. The company said on Saturday afternoon that it had first discovered its systems had been violated by a " …
Kelly Fiveash, 08 Aug 2015

CSC confirms top exec suspended over Australian bank scandal

CSC has confirmed that one of its top brass – Eric Pulier – has been suspended, while it investigates allegations he gave kickbacks in the multi-million-dollar Commonwealth Bank of Australia IT contract fraud scandal. Police in the Australian state of New South Wales (NSW) recently charged a former employee of the Commonwealth …
Kat Hall, 01 Apr 2015
Close-up of a woman's lips, slightly pixelated as if on a CRT TV.  Pic via SXC - no restrictions

'RipSec' goes to Hollywood: how the iCloud celeb hack happened

The chief hacker behind the infamous iCloud celebrity hacks has revealed in a documentary how the group dubbed RipSec shook Hollywood by plundering thousands of naked photos and financial data of Tinsel Town icons. The hacker broke silence and spoke to Canadian tech and producer Travis Doering who provides information security …
Darren Pauli, 25 Sep 2015
Cheat by CC 2.0 attribution

Herbie goes to a hackathon: Mueller promises cheatware fix

Volkswagen is going to spend up big getting rid of its troublesome cheatware, the company has announced. Reuters reckons auto industry analysts reckon the fix could cost as much as US$6.5 billion. At less than $600 for each of the 11 million affected vehicles, that's a snip, and should get engineers somewhere a bonus (but …

Insider trading ring hired 'Ukrainian hackers to scoop stock market'

The FBI says it has cracked open an insider-trading ring which employed Ukrainian hackers to pinch corporate announcements from news wires and then traded stocks based on the unreleased information. Nine men have been named in a pair of indictments filed in New York and New Jersey. Five of the nine were arrested in a series of …
Volkswagen Beetle

Herbie Goes Under Investigation: German prosecutors probe ex-VW CEO Winterkorn

Volkswagon's former CEO, Martin Winterkorn, has come under investigation by the German state attorney. The German state attorney's office in Braunschweig, not too distant from Volkswagen's base in Wolfsburg, acknowledged that it had received complaints from people who had raised the issue anonymously, reported the New York …

Lottery IT security boss guilty of hacking lotto computer to win $14.3m

Iowa state lottery's IT security boss hacked his employer's computer system, and rigged the lottery so he could buy a winning ticket in a subsequent draw. On Tuesday, at the Polk County Courthouse in Des Moines, Iowa, the disgraced director of information security was found guilty of fraud. Eddie Tipton, 52, installed a …
Iain Thomson, 22 Jul 2015
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

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 …

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
Man in an orange jumpsuit clutches prison bars. Image by Shutterstock

Bloke, 22, in knockoff Microsoft Xbox ring gets 18 months in the cooler

A 22-year-old member of a games-hacking ring that sold counterfeit Microsoft's Xbox One consoles could spend the next year and a half behind bars in America. A US court sentenced Canadian David Pokora to 18 months in the slammer for his involvement in a group accused of stealing an estimated $100m to 200m worth of source code …
Shaun Nichols, 24 Apr 2015
Man in an orange jumpsuit clutches prison bars. Image by Shutterstock

Ex-HP top aide in the clink for racking up $1m on company credit cards

A former HP employee was sentenced on Monday to 21 months in prison, after having charged unauthorized personal expenses to her company credit cards to the tune of nearly $1m. According to a statement by the US Attorney's Office, Holli Dawn Coulman, 45, joined HP in 2000 and spent 12 years at the company. During the last four …
Neil McAllister, 25 Aug 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
TSA gloves

Watch out VW – French prosecutors are pulling on the rubber gloves

Prosecutors in Paris announced Friday that they were launching an investigation into the Volkswagen scandal, looking into what they termed as suspicions of "aggravated deception". The German auto giant is in hot water on both sides of the Atlantic after it emerged that it had equipped its cars with software that allowed the …
Jennifer Baker, 02 Oct 2015

Lottery chief resigns as winning combo numbers appear on screen BEFORE being drawn

Aleksandar Vulovic, czar of the Serbian state lottery, has resigned from his position after winning numbers were mysteriously broadcast on television before they had been drawn. Allegations of fraud abound on every hand following the incident, reports the Associated Press. In what was presented to the public as a live …
Team Register, 03 Aug 2015
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 …
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