Fraud

3,000 Vodafone Spain clients were potentially exposed to malware

March 19, 2010 - 10:06am | Fraud | News
3,000 Vodafone Spain clients were potentially exposed to malware

Vodafone Spain admitted about 3,000 customers were potentially vulnerable to malware after Mariposa botnet agents strayed onto the HTC Magic smartphone.

Vodafone has launched a probe into the infection. The company maintains that the whole losing business is "isolated and local". Actually, there's no evidence that HTC Magic smartphones supplied by Vodafone elsewhere in Europe are injured. Meantime, new figures suggesting 3,000 users were exposed to the malware make it one of the biggest incidents of an IT supplier shipping pre-pwned mobile kit.


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Facebook makes unusual warning

March 19, 2010 - 3:02am | Fraud | News
Facebook makes unusual warning

Users of Facebook were warned by the social networking website about a bogus password reset scam. Members are sent an email where they are falsely told that their password has been changed because of a supposed security incident.

The fraudulent messages recommend the users to open an email attachment for more information. And this email attachment, naturally, turns no other than a malware which is a keystroke Trojan. Once it is installed on your PC it steals every password you type.


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Botnets are immune and impossible to disconnect

March 18, 2010 - 7:00am | Fraud | News
Botnets are immune and impossible to disconnect

It was found that there is a dedicated network that keeps most notorious botnets always-on connections and virtually immune from takedowns. Researchers at RSA have identified the network of the servers that shepherd tens of thousands of infected PCs so they continue to send spam, spread malware, and stay updated with the latest bot software.


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Card details of many Hancock customers were compromised

March 16, 2010 - 4:16am | Fraud | News
Card details of many Hancock customers were compromised

Card details of many customers who made purchases at the Hancock Fabrics chain store in August and September might have been compromised as a result of a fraudulent scheme where perpetrators used bogus payment card processing terminals at multiple locations operated by the Hancock.

In a letter to customers Hancock warned that the personal identification number pads were stolen in August and September and "replaced with visually identical, but fraudulent PIN pad units”.


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Most costly scam of 2010

March 15, 2010 - 4:59am | Fraud | News
Most costly scam of 2010

The mostly costly scam in 2010 according to McAfee report will be fake antivirus applications that prompt Internet subscribers to download malicious software under guise of anti-virus protection and pay their own money for such bogus products.

The report reveals that cyber crooks earn more than $300 million from luring unwitting users into downloading scareware. Over the past two years scareware grew by 660% while during the past 12 months it increased by 400%.


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PlayStation emulators for PCs are just Trojans

March 11, 2010 - 9:01am | Fraud | News
PlayStation emulators for PCs are just Trojans

Playstation 2 gaming fans were targeted by Trojan linked to scareware scams.

Downloads posing as Playstation 2 emulators that let games designed for Sony's console  be played on PCs instead deliver only a Trojan.


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A victim of Madoff financial fraud? Prepare to be scammed again!

March 11, 2010 - 7:23am | Fraud | News
A victim of Madoff financial fraud? Prepare to be scammed again!

Madoff Ponzi scheme victims are being further tricked into another scam. The Securities and Exchange Commission is alerting investors about a Web site that falsely claims to have recovered $1.3 billion in funds hidden by convicted Ponzi schemer Bernard Madoff in Malaysia.

Victims are asked to provide their personal information to verify that they are on a refund list. But in fact the data are used by the con artists for ripping off these financial fraud victims.


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Zeus botnets were injured by colossal blow

March 11, 2010 - 4:15am | Fraud | News
Zeus botnets were injured by colossal blow

As it became known, Tuesday about 25% of the servers linked to Zeus-related botnets suffered superb blow after the ISP taken offline. This represented continuation of a recent trend of takedowns hitting some of the world's most scummy cyber operations.


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Merchant Risk Council shows that losses on online fraud can be minimal

March 10, 2010 - 10:42am | Fraud | News
Merchant Risk Council shows that losses on online fraud can be minimal

The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payment strategies, reported the results of its Annual Merchant Fraud Survey, which was sponsored by CyberSource Corporation.

The report reveals that MRC Platinum Members (200+ of the largest online retailers in the world) set best in class sample at how to reduce revenue losses due to cyber theft.

The survey shows:


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All links on Twitter will pass face-control

March 10, 2010 - 10:40am | Fraud | News
All links on Twitter will pass face-control

Twitter microblogging service announced that it is implementing a new anti-phishing feature which enables Twitter’s Trust and Safety team to monitor all links submitted through the service for potentially malicious attacks. The new functionality will involve the use of Twitter’s link shortener twt.tl, which may now start popping up in some of your emails and direct messages. Still it remains unclear which links in particular will be converted into a shortened format.

On their official company blog Twitter wrote the following:


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War against botnets is everlasting, endless and fruitless

March 9, 2010 - 6:24am | Fraud | News
War against botnets is everlasting, endless and fruitless

Last week Internet community rejoiced over the take down of the Mariposa and Waladec botnets. Still many security experts think this is not the definitive victory and in fact the winning is too small. It is the prosecution of the orchestrators behind such criminal schemes that will make the fight against botnents efficient.


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Online banking fraud hovered $120 million by third quarter of 2009, FDIC reports

March 9, 2010 - 4:06am | Fraud | News
Online banking fraud hovered $120 million by third quarter of 2009, FDIC reports

According to US Federal Deposit Insurance Corporation data, small businesses computer scam made up $25 million in the third quarter of 2009.

Online banking fraud involving the electronic transfer of funds has been increasing since 2007 and reached the volume of over $120 million in the third quarter of 2009, according to estimates presented Friday at the RSA Conference in San Francisco, by David Nelson, an examination specialist with the FDIC.


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Kaspersky launches new all in one security product, absolutely different

March 8, 2010 - 11:35am | Fraud | News
Kaspersky launches new all in one security product, absolutely different

In a move to provide customers with more comprehensive and functional security software Kaspersky Lab has launched a new product which integrates its current consumer security suite with new capabilities such as encryption, backup, password management, and the ability to manage the product across a network.

The new software called Kaspersky Pure offers a number of additional security tools apart from already existing features. The product replicates Kaspersky antivirus and antispam capabilities. Still it is different.


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How a battery charger infects your PC with malware?

March 8, 2010 - 10:06am | Fraud | News
How a battery charger infects your PC with malware?

Last week Department of Homeland Security's US-CERT reported that the Energizer Bunny infects PCs with backdoor malware. Researchers at US-CERT (United States Computer Emergency Readiness Team) have found that the software accompanying the Energizer DUO USB battery charger has a Trojan which allows total access to users’ PCs to hackers.

Energizer Holdings which confirmed the software contained the Trojan horse said that the Energizer DUO, a USB-powered nickel-metal hydride battery recharger, has been discontinued.


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Want to have free iPad before the launch date? You may on Facebook, or may not…

March 4, 2010 - 8:34am | Fraud | News
Want to have free iPad before the launch date? You may on Facebook, or may not…

Facebook members are being tricked into a new scam related to iPad. As Apple has scheduled to launch its iPad later this month with the 3G model to come in April users are deceived they can obtain their own computer tablet before the official launch date. Graham Cluley's Sophos blog explained the principle of the fraudulent scheme.


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