Articles about Fraud

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
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 …
botnet

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
Prison

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 …

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
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 Enbrite.ly 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
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

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
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
bill_gates_ted_talk_screengrab

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 …

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
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

'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
Laurel and Hardy on the phone

Phone hacking blitz hammers UK.biz'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
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 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 …
warrant

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
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- …

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

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 …
lottery

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
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
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
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

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 …
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
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
lottery

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
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
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 …
LIZARD WEARING A TOP HAT SITS ON A BRANCH.  Brett Weinstein pic - ALTERED BY JUDE KARABUS - licensed under  CC 3.0

Lizard Squad kid bandit who did 50 THOUSAND HACKS dodges cooler stint

A Lizard Squad teenager won't spend any time in the slammer despite admitting to a Finnish court that he compromised 50,700 systems in a long career of computer crime. He also pleaded guilty to other cyber misdeeds. Julius "zeekill" Kivimaki, 17, received a two-year suspended prison sentence, and will have his internet …
John Leyden, 08 Jul 2015
Privacy image

Websites that ID you by how you type: Great when someone's swiped your password, but...

Debate is raging over the discovery that simple web browser extensions can defeat behavior-based biometric technologies. (In this case, behavior-based biometric technologies is a fancy way of saying JavaScript that profiles how people type so that they can be identified the next time they get behind the keyboard.) Passive …
John Leyden, 03 Aug 2015
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
gavel_judgment_channel

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
Poor people in India queue for a political party-sponsored medical check. Pic: Welfare Party of India

Tech Mahindra posts profit warning: The end for Indian outsourcing?

Indian outsourcer Tech Mahindra, which bought disgraced rival Satyam in 2012, has issued a profit warning — the first sign of trouble in the buoyant market for some time. In a regulatory filing to the Bombay Stock Exchange, it blamed a "seasonally weak" mobility business for dragging down first-quarter revenue, with shares …
Kat Hall, 29 Jun 2015
HTC One M9 Android smartphone

So, EE. Who IS this app on your HTC M9s sneakily texting, hmm?

EE has assured a customer that a pre-installed app found on new HTC M9 from the mobile operator is simply anti-fraud software. However, both customer Barney Scott and an independent security expert remain unconvinced by this explanation, arguing that even if the app isn't malicious, it's at best badly designed and unwanted. …
John Leyden, 01 Jun 2015

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

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

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 …
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

Mastercard facial recog-ware will unlock your money using SELFIES

Mastercard will begin using selfies as a means to verify payments, it is being said. The "innovation" will allow some 500 pilot users to take a photo instead of punching in PINs, a move MasterCard chief product security officer Ajay Bhalla says will be popular with youth. Bhalla told CNN Mastercard partnered with all phone …
Darren Pauli, 03 Jul 2015
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

20-yr-old Brazilian births 100 banking trojans

A 20 year-old Brazilian kid has pumped out more than 100 banking trojans selling each for around US$300 a pop, Trend Micro researchers say. The computer science student's extracurricular activities landed him the dishonourable title of his country's most prolific banking malware creator. Researchers say "Lordfenix", his chosen …
Darren Pauli, 02 Jul 2015
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

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
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