US, Romania Bust Online Fraud Ring
A collaboration between U.S. and Romanian law enforcement agencies has disrupted an ongoing Internet fraud scheme conducted by several networks of organized cyber criminals, including more than a hundred recent arrests and searches in Romania, the FBI announced. According to U.S. court documents, conspirators in Romania would post items for sale such as cars, motorcycles [...]
The FBI’s cyber crime center is warning about an email scam that targets doctors and attempts to extort them, claiming that if they do not pay up, their reputation and business will suffer. Since March 5, 2011, the Internet Crime Complaint Center has received more than 50 complaints reporting extortion emails targeting professionals, mainly physicians. [...]
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Reports of losses from cyber crimes gathered from surveys are greatly exaggerated and often based on unverified, self-reported numbers and skewed results, according to two Microsoft researchers. In the “Sex, Lies and Cybercrime Surveys” report, Dinei Florencio and Cormac Herley say much of the information on cyber-crime losses comes from surveys, which often overlook the [...]
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Borneo saw 7,404 reported incidents of cyber crime in the first half of 2011 – a 147 percent increase compared to the same period last year, Bernama reports. Deputy Minister of Science, Technology and Innovation Datuk Fadillah Yusuf said as more people begin using the Internet, issues and threats — ranging from spam to identity [...]
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The executive branch of Malaysia’s government has decided to sign a memorandum of understanding with the United Kingdom to work together to battle cross-border crime, including web-based ones, Home Minister Datuk Seri Hishammuddin Tun Hussein said. Prime Minister Datuk Seri Najib Tun Razak is expected to sign the MoU during his official visit to the [...]
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Cyber crime is not the cash cow it once was, according to Cisco Systems (NASDAQ: CSCO) whose recent research examined the cyber underground. Speaking yesterday at a press event at in San Bruno, Calif., security researcher Pat Peterson said last year saw a turning point in the fight against mass scams and criminal profits from [...]
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Cyber attacks hitting high-profile targets have recently dominated the headlines, and there is no indication the trend will slow down anytime soon. Here, Invincea Founder and CEO Anup Ghosh talks to The New New Internet about the uptick in spear phishing, what role social media play and what steps to take after an attack. The [...]
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The Justice Department and the FBI, along with international law enforcement partners, have announced the indictment of two individuals from Latvia and the seizure of more than 40 computers, servers and bank accounts as part of Operation Trident Tribunal, a coordinated enforcement effort targeting global cyber crime. The operation targeted international cyber crime rings that [...]
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Japan has reportedly passed new legislation that will impose tougher prison terms for those who create or spread malware, according to Japan Times. Under the new cyber crime bill, those found guilty of creating or distributing malware could get a maximum of three years in prison or approximately $6,250 in fines. Possessing or storing a [...]
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