Tagged: fraud

Internet phone scam can cost you over $5,000 says Microsoft

Internet phone scam can cost you over $5,000 says Microsoft

Ian Paul

Published: June 17th, 2011
Tax season scams and how to avoid them

Tax season scams and how to avoid them

You may not want to think about your taxes until the last moment, but online scammers are already plotting to separate you from your tax refund and your identity. Scams for the 2011

Published on: March 28th, 2011 Ian Paul
Fraudsters steal cash using ATM ‘flash attacks’

Fraudsters steal cash using ATM ‘flash attacks’

Over the last few weeks, criminals have been exploiting weak fraud detection systems used for debit cards with "flash" attacks, where hundreds of withdrawals are made over a very short period of time.Banking

Published on: October 28th, 2010 Jeremy Kirk
How to use accounting software to uncover employee fraud

How to use accounting software to uncover employee fraud

A former bookkeeper of a Sussex N.B. corner drugstore lands in jail for stealing $250,000 from her employer. Another bookkeeper for a rural group that brought electricity to Alberta farms pleaded guilty to

Published on: October 20th, 2010 Nestor Arellano
Toronto ‘domain name slammers’ fined for fraud by FTC

Toronto ‘domain name slammers’ fined for fraud by FTC

A Toronto-based firm has reached a settlement with the Federal Trade Commission (FTC) for allegedly defrauding thousands of U.S. small businesses out of millions of dollars.The “Canadian con artists” posed as domain name

Published on: August 23rd, 2010 Brian Jackson
Banks, payment processors on alert following Visa fraud tip off

Banks, payment processors on alert following Visa fraud tip off

Visa Inc. last week sent a fraud alert to banks and payment processors warning them to look out for a "large batch settlement fraud scheme" involving a merchant account in East Europe.That alert

Published on: May 13th, 2010 Jaikumar Vijayan
Man gets 81 months for ‘hack, pump and dump’ stock scam

Man gets 81 months for ‘hack, pump and dump’ stock scam

An Indian national was sentenced Monday to 81 months in prison for hacking into online brokerage accounts and using those accounts to manipulate stock prices for personal gain.Jaisankar Marimuthu, 36, of Chennai, India,

Published on: April 29th, 2010 Jaikumar Vijayan
Family weeps as TJX hacker gets 20 years in slammer

Family weeps as TJX hacker gets 20 years in slammer

As his parents and sister silently wept, hacker mastermind Albert Gonzalez was sentenced Thursday in U.S. District Court to two concurrent 20-year stints in prison for his role in what prosecutors called the

Published on: March 29th, 2010 Nancy Weil
Cybercrooks rake in millions from these top 5 online scams

Cybercrooks rake in millions from these top 5 online scams

Online scams continue to be the scourge of the Internet, and there seems to be no end to the "imagination" of these criminals. As part of its annual wide-ranging look at Internet crime,

Published on: March 25th, 2010 Michael Cooney
Furor over plunder of SMB online bank accounts

Furor over plunder of SMB online bank accounts

The unabated plundering of online bank accounts belonging to small and midsize businesses is raising significant questions about the authentication and fraud-detection mechanisms now used by financial institutions.Such cyberthefts have led multiple businesses

Published on: March 12th, 2010 Jaikumar Vijayan
Cyber scammers stole $120 million in 3 months from small firms

Cyber scammers stole $120 million in 3 months from small firms

Ongoing computer scams targeting small businesses cost U.S. companies $25 million in the third quarter of 2009, according to the U.S. Federal Deposit Insurance Corporation.Online banking fraud involving the electronic transfer of funds

Published on: March 10th, 2010 Robert McMillan
VeriSign releases Web site verification service for SMBs

VeriSign releases Web site verification service for SMBs

VeriSign is introducing a certification service that confirms whether a business is legitimate and that their Web site is free of malware. VeriSign already sells various SSL (Secure Sockets Layer) certificates for Web

Published on: February 24th, 2010 Jeremy Kirk
Iceman gets 13 years, must pay $27.5M to hacking victims

Iceman gets 13 years, must pay $27.5M to hacking victims

A former security researcher turned criminal hacker has been sentenced to 13 years in federal prison for hacking into financial institutions and stealing credit card account numbers.Max Ray Butler, who used the hacker

Published on: February 17th, 2010 Robert McMillan
New Threats and High Spam Rates Mark the Beginning of 2010

New Threats and High Spam Rates Mark the Beginning of 2010

It’s no secret that scammers and spammers are always looking ahead to capitalize on topical news and seasonal activities to target unsuspecting web users. Whether it’s the New Year’s spam we’ve just intercepted

Published on: February 11th, 2010 ITBusiness Staff
Top Craigslist scams and how not to be bamboozled

Top Craigslist scams and how not to be bamboozled

Given everything from the "Craigslist killer" to Connecticut attorney general Richard Blumenthal's campaign against the site to the escalating battle over prostitution ads, you'd have to live under a rock to miss Craigslist's

Published on: February 10th, 2010 Rachel Sadon