Security Agencies Seek to Read Criminals’ Poker Face

Money laundering is an art used by arms dealers, drug dealers and other criminals. It takes “dirty money” (obtained through illegal means) and “cleans” it, making it appear to be legitimately earned. In the past, coin-operated businesses (like laundromats) were used. Now criminals have moved into cyberspace, using online gambling websites.

Security agencies such as the Federal Bureau of Investigation and Serious Organized Crime Agency are investigating more than 20…

FBI Official Says Terrorists are Seeking Cyber Capabilities

According to an FBI official, terrorists are presently attempting to harness the abilities of the Internet to conduct cyber attacks.

During a statement before the Senate Judiciary Committee, Subcommittee on Terrorism and Homeland Security, the FBI’s Deputy Assistant Director of the Cyber Division Steven Chabinsky claimed the FBI is tracking terrorists who are looking into cyber capabilities.

Chabinsky did say there has not been any evidence of high-end sophistication…

Experts Speak on US Vulnerabilities

In case you missed the 60 Minute Segment this past weekend, below is a recap of the troubling information presented. The segment highlighted recent cyber attacks and looked at what the US is doing to move cyber security forward. It also included expert commentary from Mike McConnell, former DNI and presently at Booz Allen Hamilton, Jim Lewis of Center for Strategic and International…

FBI Wants Data Breach Law

An FBI representative said Wednesday a federal law requiring businesses to report data breaches would help the bureau  combat cyber crime.

The sharing of such information would enable police organizations to connect attacks and defeat them.

Jeff Troy, the head of the Cyber Criminal Section at the FBI, said such a law “would help us tremendously.” He also said when considering cybersecurity, companies and organizations need to look beyond…

‘Cyber Arms Race’ Nets Close to 100

The FBI has made a major bust in Operation Phish Phry, an operation to bring down one of the largest phishing cases in history.

The operation netted more than 50 in the United States and close to 50 individuals in Egypt, and according to FBI Director Robert Mueller, is part of a “cyber arms race” between criminals and police.

The individuals involved have all been charged for their roles…

Scam Compromises Email Accounts

The other day, Microsoft confirmed that a number of Hotmail account login information was compromised and posted online. It now appears that the breach is significantly wider, extending to Gmail, AOL, Yahoo, Earthlink and Comcast email accounts.

Over 30,000 accounts have been posted online according to a list the BBC viewed. Google has moved…

Online Scam Exploits Soldiers

A series of false ads on Craigslist and Ebay offering to sell vehicles claim to be from National Guard soldiers set to ship out to Afghanistan.

The scams were discovered when prospective shoppers contacted the Illinois National Guard to confirm the unit was shipping out soon.

The ads are remarkably similar in the language used, however, the supposed vehicle for sale changes. The ads claim…

Trojan Steals Thousands of Dollars from Schools in Illinois

A Trojan virus appears to be responsible for the theft of more than $300,000 from a school district in Illinois, according to investigative authorities.

The case involving the Chrystal Lake School District is currently under investigation by the FBI.

The attack used a Clampi virus, which when downloaded to the victim’s computer, steals login and account information for bank accounts. The information is then sent to the…