tech and geek stuff
Man sentenced in iPhone frauds
A Seattle-area man who made millions illegally shipping Apple products to the Middle East has been sentenced to five years in prison. Rezakhani, 27, admitted to fraud related to a multimillion-dollar...
Sewer broadband fraudsters handed lengthy prison terms
reader comments 7 Share this story Four men who fraudulently hoodwinked banks into lending them money to fund the rollout of fibre broadband networks in sewers have been sentenced to a total of 44 years...
Credit card thieves move online as chips cut in-store fraud
The adoption of credit card chip technology by U.S. retailers is having an unintended consequence: The use of stolen card data to pay for merchandise on websites, in mobile apps and through telephone...
Ex-Volkswagen CEO investigated by Germany in emissions cheating
German prosecutors said for the first time Friday that they had evidence that Volkswagen’s former CEO took part in the company’s emissions fraud, significantly raising the stakes for the carmaker and...
Kroll Global Fraud Report Finds Cyber-Attacks Increased in 2916
DEK: Organizations had a difficult time defending against fraud in 2016, according the latest global fraud and risk report from IT security company Kroll. The report, which was released Jan. 17, provides...
Methbot Ad Fraud Attack Stealing Millions of Dollars Every Day
White Ops report details Methbot advertising fraud scam that is stealing as much as $3-5 million per day, by impersonating both websites and end-users. Security firm White Ops released a study on December...
U.S. makes new arrest in fraud probe of bankrupt video tech firm
NEW YORK (Reuters) - U.S. prosecutors on Monday announced the arrest of a New Jersey man accused of engaging in a multimillion-dollar fraud scheme involving bankrupt video technology firm Kit Digital,...
New Tool Designed to Reduce $5 Billion Web Traffic Fraud Stream
NEWS ANALYSIS: As much as one-third of the money spent on digital advertising are spent on fraudulent traffic most of generated by bots, not web-browsing humans. By now you probably have an idea of how...
20 arrested, 61 charged in India-based IRS phone scam case
EnlargeJim Watson / Getty Images News reader comments 3 Share this story Further ReadingCops arrest hundreds of people allegedly involved in IRS phone scamOn Thursday morning, federal authorities in Texas...
White Ops Raises $20M for Tech to Stop Online Ad Fraud
White Ops, whose security platform is aimed at protecting against botnet-related ad fraud, has raised $20M, bringing its total funding to $33M. White Ops announced Sept. 19 that it received $20 million...
Volkwagen scandal reaches all the way to the top, lawsuits say
Three attorneys general on Tuesday directly challenged Volkswagen’s defense over its emissions deception, calling the decision to thwart pollution tests an orchestrated fraud that lasted more than a decade,...
Business Email Compromise Gets a New Twist
No longer are business email compromise scams just about getting organizations to send money; now some such attacks are sending fraudulent CEO emails to deliver malware payloads. Business email compromise...
Experian Launches CrossCore Fraud and Identity Services Platform
The new technology aims to enable the integration of multiple types of fraud and identity features to help improve security and authenticity. Organizations may have a lot of different needs when it comes...
Austria's FACC, hit by cyber fraud, fires CEO
VIENNA The head of Austrian aerospace parts maker FACC has been fired after the company was hit by a cyber fraud that cost it 42 million euros ($47 million).The firm's supervisory board decided at a 14-hour...
Startup looks to connect breached data with those facing likely fraud
SAN FRANCISCO (Reuters) - As the continuing parade of mass data breaches increases the opportunities for miscreants to use grabbed credentials for all manner of fraud, it is also driving defenders to seek...
Forter raises $32M Series C, continues battle against online fraud
Fraud prevention company Forter today announced a $32m series C funding led by Scale Venture Partners and with follow-on funding from Sequoia and NEA. The company uses its Decision as a Service algorithms...
Beware of Fraudsters as Tax Day Nears
As millions of Americans rush to file their tax returns by the April 18 deadline, opportunistic hackers are rushing to attack. Tax filing-related fraud schemes are on the rise this year, with attackers...
IRS Tax Refund Fraud Expected to Hit Hard Again in 2016
After a surge in tax-refund fraud complaints in 2015, security experts warn that more needs to be done to augment the Internal Revenue Service's detection and prevention methods. The Internal Revenue...
Prepaid card users find tax refunds frozen
Thousands of people have had their prepaid debit cards frozen when they try to direct their tax refund to their accounts, a result of financial industry efforts to combat an escalation in tax fraud. The...
Florida, Delaware Riskiest States for E-Commerce Fraud
The Experian study found Delaware is the overall riskiest state for shipping fraud, followed by Oregon, Florida, California and Nevada. Florida is the overall riskiest state for billing fraud, followed...
Lax oversight could lead to crowdfunding fraud
March 2, 2016, 7:43 AM|Lawmakers are taking a closer look at potential fraud by some who organize crowdfunding campaigns. Websites like GoFundMe and YouCaring are often used to solicit charitable donations,...
Marvell says audit committee finds no accounting fraud
(Reuters) - Chipmaker Marvell Technology Group Ltd said on Tuesday an independent investigation of its accounting practices found no fraud in the way the company had booked its revenues in the past few...
Beware of Tax-Related Fraud as April 15 Approaches
As the Internal Revenue Service issues warnings about fraud, an industry association warns that Websites for tax filing aren't as safe as they should be. As April 15—tax day in the United States—approaches,...
44,000 healthy years lost in Europe, 72,000 years could still be lost in the future
Because Volkswagen has committed large-scale fraud with the software in diesel engines, nine million fraudulent cars, sold in Europe and the US from 2009 to 2015, have emitted a cumulative amount of 526...
How PayPal Boosts Security with Artificial Intelligence
The payments giant keeps fraud losses below industry averages by teaching computers to play detective.To PayPal, the transactions signal fraud: a U.S. user’s account is accessed in the U.K., China, and...
Bot Fraud Triggers Billions in Advertising Losses
Digital advertising fraud is big business, and according to White Ops, it's the engine that now enables botnets to make money. Automated bots are costing advertisers an estimated $7.2 billion, according...
UK cyber fraud up 21%, says police fraud unit
Fraud linked to social engineering attacks has increased by 21% in a year, according to the City of London Police’s National Fraud Intelligence Bureau (NFIB). Social engineering is a non-technical method...
IBM Scoops Up IRIS Analytics Fraud Detection Firm
Anyone who has a credit card has probably experienced some sort of fraud over the last few years. I personally have had it happen several times and I am by no means unique. Today IBM purchased IRIS...
IBM Buys IRIS Analytics for Fraud Detection Expertise
IBM's acquisition of IRIS Analytics brings new machine learning-powered fraud detection to the IBM portfolio. IBM today announced that it has acquired IRIS Analytics, a privately held company specializing...
IBM acquires payment fraud fighter IRIS Analytics
IBM has acquired IRIS Analytics, a company which applies cognitive computing models to combat payment fraud. Announced on Friday, Big Blue said the acquisition will boost the firm's analytics and counter...
Martin Shkreli, The World’s Most Unpopular Pharmaceutical Exec, Arrested For Securities Fraud
In a move that will surprise no one familiar with his questionable career trajectory, Martin Shkreli, the pharmaceutical executive best known for hiking the price of a lifesaving anti-parasitic drug...
How Connected Analysis Can Put a Dent in Cyber-crime
We already are well aware that each year consumers, banks, retail outlets and insurance companies lose billions of dollars to online fraud. Increasingly sophisticated fraudsters continue to develop new...
Updated: How to combat mobile commerce fraud
Introduction and fraud goes mobileNote: Our combating mobile commerce fraud article has been fully updated. This feature was first published in November 2013.It is estimated that Britons will spend nearly...
Chip-based credit cards are old news; why is the US only rolling them out now?
Ciaran McGuigganWith the October 2015 deadline behind us and Square now offering a compatible reader, we're surfacing our explainer on the US' slow transition to the chip-and-PIN credit card system. This...
Fraud rates on online transactions seen up during holidays: study
CHICAGO (Reuters) - As retailers and consumers prepare for the holiday shopping season, attempts by criminals to steal payment card information to commit fraud online are likely to rise, according to new...
Tech upgrades lead to fraud spike, say insurers
Insurance fraud spikes whenever a new technology upgrade, such as the release of a new iPhone, occurs, says Dave Ashton, head of the Insurance Council's Insurance Claims Register.Speaking at the council's...
Three men charged over JP Morgan hacking and fraud
Exploiting the Heartbleed bug was one of the methods used by three men charged in connection with the theft of more than 100 million customer data records from financial institutions to carry out "pump...
Warning over computer takeover fraud
A spate of scams in which criminals use technology to take over victims' computers has been reported by an anti-fraud group. Financial Fraud Action, a body set up by the financial services industry, said...
Many banks are failing with online payment security and only mitigating risks
A new piece of research has revealed some disturbing statistics when it comes to the security of online payments.The IT Security Risks Survey 2015 report, conducted by Kaspersky Lab and B2B International...
Online daters 'conned out of millions'
Online dating fraudsters conned victims out of more than £33m in the last year, the UK's national fraud centre says. Action Fraud said 3,543 people reported falling victim to dating scams in 2014-15. It...
Why Apple Pay Is Our Best Hope To Stop Online Fraud
Heists used to be so much effort — you’d need a gang, machine guns, a getaway car and long, meticulous planning. Nowadays, all you need is a couch, a laptop and some stolen data. When...
EMV Liability Shift Still Leaves Missing Pieces
With the expiration of the Oct. 1 deadline for requiring merchants, payment processors and banks to support EMV cards, a number of pieces remain missing. It's perhaps the weirdest war of words ever. Driven...
What To Do If You're A TalkTalk Customer
If you're one of TalkTalk's four million customers, your personal details may have fallen into the hands of hackers. So what should you do next? First, you should change your banking and other online...
Amazon Files Suit Against Individuals Offering Fake Product Reviews On Fiverr.com
In April of this year, Amazon filed suit against the operators of websites that offered Amazon sellers the ability to purchase fake, four and five-star reviews of their products. Most of those websites...
Dorsey's Payment Company Files For IPO
The mobile payments firm founded by Twitter pioneer Jack Dorsey lost $6m (£3.8m) as a result of fraud carried out on a single retailer, it has been revealed. Square - which provides point-of-sale technology...
This algorithm monitors Twitter for fraud in real time
In many cases, fraudsters lure victims to websites they have set up in order to collect their personal or ﬁnancial information or to present them with advertisements that make deceptive offers - unsurprisingly...
The Benghazi Scandal Everyone Ignored
It was called "IssaGate." But, because Darrell Issa (R-CA) is so quickly forgettable, it is perhaps better to re-name it "modern McCarthyism." This is not just because Majority Leader Kevin McCarthy (R-CA)...
Expect more online fraud as new credit cards arrive
People attempting to commit fraud online buy card numbers and other information from hackers who invaded computers systems at companies such as Target Corp. and Home Depot Corp. Then they use the stolen...
Fraudulent views of videos impact advertising industry and society widely
Researchers have reached striking results in their recently published paper Understanding the detection of fake view fraud in Video Content Portals. For the first time, it has been demonstrated that video...
Using The Blockchain To Fight Crime And Save Lives
Blockchain technology has been described as email for money, but it has the potential to be so much more. Blockchain technology is a hyper-secure record of digital events that is distributed among...
Fraud rises but Australian businesses fail to heed data
Fraud costs Australia $8.5bn a year – almost a third of the total cost of crime in the nation, according to the Australian Institute of Criminology – but a report from Deloitte suggests business is still...
Amazon aims to charge $2.8 million for NFL ad packages: Sources
For each game, Amazon can sell 10 30-second spots, one of the sources said. The spots run on the live-stream while local ads air on network TV. Under the terms Amazon is offering, buyers also get to run...
We now have a closer look at how Alexa will look on the Echo Show screen
Thanks to an Amazon developers kit, we now have a good idea how Alexa will look on its new smart speaker/screen the Echo Show.The developer kit has been released so that developers can start programming...
Amazon Fire 7 (2017)
We’ve built up some pretty straightforward expectations for a new Amazon Fire 7 tablet. Each iteration is going to be a solid but basic mini tablet that acts as a 7-inch window onto the sprawling Amazon...
Wal-Mart could enter a bidding war with Amazon over Whole Foods, JPMorgan says
Wal-Mart could step in as a rival bidder for Whole Foods Market, JPMorgan analysts said, as shares of the grocery chain rose above the $42 price offered by Amazon earlier this month. JPMorgan research...
I regard the brain as a computer which will stop working when its component fail. There is no heaven or afterlife for broken-down computers. That is a fairy story for people afraid of the dark