Items tagged with fraud

Researchers at the cybersecurity firm ReasonLabs have discovered a credit card scam campaign estimated to have extracted tens of millions of dollars from tens of thousands of credit card holders. This scheme utilizes fake dating websites, a dedicated payment processor, and customer support services all created and... Read more...
The Department of Justice (DOJ) has charged four individuals for selling a startup to a San Diego company for $150 million. The four are facing charges of fraud and money laundering, but this is not an average case of duping the buyer. While the DOJ release does not name the victim company, all signs point to... Read more...
Last month, we wrote about malicious Android apps containing a trojan that researchers have dubbed “SMSFactory.” This bit of malware exists to infect Android phones and conduct SMS billing fraud. SMSFactory uses SMS and phone permissions to regularly send premium text messages and make calls to premium numbers... Read more...
Popular portrayals of hackers tend to show them as computer geniuses who use their elite technical skills to breach computer systems. However, in real life, bad actors often don’t bother to directly hack computer systems when they can access those same systems by hacking people instead. People are often willing to... Read more...
The story of Elizabeth Holmes should serve as a warning to other Silicon Valley start-ups and its investors. In a rare court case where a Silicon Valley entrepreneur faces criminal charges for defrauding her investors, a jury decided guilt on four of the 11 charges. Elizabeth Holmes, who is now 37 years old, was at... Read more...
As ransomware and cybercrime are constantly making the headlines these days in traditional electronic mediums, Zelle banking users are also finding themselves being targeted by scammers. Worse yet, in the wake of having funds stolen from bank accounts, victims are finding little to no help from their banking... Read more...
For years, Apple has featured solid marketing about its devices and App Store, leading people to believe it was the safest software ecosystem around. However, we are continuing to learn that the marketing does not always match the truth, and the App Store may not be as safe as people tend to think. In fact, one... Read more...
Android users who think the apps they download on the Google Play store are safe and secure would be wrong in many cases. Malware and other fraudulent apps often run rampant within the Google Play Store. Now a new report claims that seven apps from Cheetah Mobile and one from Kika Tech that have a combined 2 billion... Read more...
Yesterday, we reported that OnePlus had a potential serious security breach on its hands following reports from dozens of customers that they had experienced fraudulent activity on their credit cards after purchasing phones from the company's website. Security firm Fidus researched the issue and found that a small... Read more...
Most computer enthusiasts are at least familiar with the name Newegg as one of the places to go for all the computer hardware you might need when building up a new PC. Newegg Inc., the parent company operating Newegg.com, has been hit with a lawsuit that alleges the company was involved in a Ponzi scheme that... Read more...
AT&T and the FCC are butting heads, but for once, it is not over net neutrality. AT&T has been fined $7.75 million USD for indirectly participating in a directory assistance billing scam. Affected customers are expected to receive $6.8 million of these funds while the remaining $950,000 is a fine that will go to the... Read more...
Not even a week ago, we wrote about a new Kickstarter project for the creatively-named Anonabox - a small box that aims to keep you anonymous online. Overall, the product looked like it had potential. On one hand, it's incredibly small, and on the other, it uses the Tor network to anonymous traffic. What's not to... Read more...
If you’ve read this site even casually lately, you know that crowdfunding is here in force. Sites like Kickstarter and Indiegogo offer entrepreneurs, startups, and otherwise unfunded techies with a prototype and a dream the chance to engage the world and excite backers to front some money for their projects. It’s a powerful, grassroots... Read more...
Uncle Sam doesn't like it when you try to pull one over on him, and that's something Hewlett Packard had to go and find out the hard way. After standing accused of offering kickbacks to systems integrator companies in exchange for recommending HP products to U.S. agencies, the OEM has agreed to fork over $55 million to put the whole incident... Read more...
Google rolled out a new security feature for Gmail that can alert you when it thinks someone else may be using your account. By using the IP tracking feature that Google launched in July 2008, the new security feature will display a warning if it detects that your account has been accessed from two different geographic regions within a short... Read more...
The New York State Supreme Court issued a ruling today against Dell and Dell Financial Services (DFS), finding the company guilty of "fraud, false advertising, deceptive business practices, and abusive debt collection practices." The ruling is the end result of a lawsuit filed by New York State Attorney General, Andrew M Cuomo, in May 2007.... Read more...
Hacker Safe?  We're guessing that applies only to web sites, not securities fraud.One of the researchers behind ScanAlert, the "Hacker Safe" certification company McAfee recently acquired, is facing fraud charges in Indiana.Brett Oliphant, whose title had been vice president of security services before the Napa, California, company was... Read more...
Federal regulators continue to come down on hard on corporate executives they believe are involved with misrepresenting investors and analysts.  The latest group to get collared were 8 executives from AOL Time Warner who are being charged with inflating the company’s online advertising revenue by more than $1 billion between 2000 and 2002.“Four... Read more...
One of the more endearing paths to celebrity in the Online age has been the viral video. From the Numa Numa dance to Tron guy, we like to see quirky and obscure things rocket to the front of the line for Internet attention. It seems to appeal to our instincts to root for the little guy against the giant.  There seems to be a problem developing ... Read more...