Ebay Employees Targeted by Spear-Phishing Attack

Romanian authorities have arrested a man suspected of stealing more than $3 million through a series of computer crimes that included phishing attacks targeting eBay employees, The Register reports.

Liviu Mihail Concioiu allegedly masterminded two phishing attacks targeting eBay employees. Although it is unknown how many eBay workers fell for the ploy, a computer-forensics expert said it appears the alleged spear phisher bagged credentials for …

Owner of Online ‘One-Stop Shop’ for ID Thieves Extradited from Czech Republic to US

The U.S. attorney for the Southern District of New York announced yesterday the extradition of a man…

Woman Painted, Drugged Horses before Selling Them Online

A California woman has plead guilty to a federal fraud charge, admitting she used the Internet to defraud would-be buyers of horses from across the nation.

Prosecutors said Kenney offered horses for sale in online advertisements, making false claims of the horses’ breeds, pedigrees, abilities and temperaments. Kenney admitted to lying about the horses’ health, and that purchasers would be protected by a “money-back” satisfaction guarantee.

Kenney…

FBI Warns of Online Scams, Predators, Social-Networking Ploys

In testimony before the House Judiciary Subcommittee on Crime, Terrorism, and Homeland Security on Wednesday, FBI’s Assistant Director Gordon M. Snow highlighted how yesterday’s con men have transformed into modern-day charlatans conducting their scams in virtual worlds to steal identities and other critical information.

Social-networking sites, especially, are breeding grounds for cyber criminals who trick unsuspecting victims into revealing…

Government, Industry Join Forces to Fight Cyber Fraud

The private sector and the government have launched a new online-fraud alert service developed to make it easier for both parties to share information about cyber crime.

Up to date, when compromised credentials stemming from phishing attacks were uncovered, there was no easy way to warn the service provider or bank about the exposed information. The newly launched Internet Fraud Alert will make it easier for participants to report stolen…