News of Frauds across the world

Banking Frauds in India.. ICICI Bank leads - bloggernews.net - 09 Jan 2012

2012-01-11T10:35:00.001+05:30

In the last two days DNA, Mumbai has published two articles highlighting the current state of affairs in Banking Frauds in India. The reports are based on an RTI application and reveal the alarming state of affairs. The first report from DNA which appeared yesterday (8th January) revealed that Mumbai was the leading city in India in terms of Banking Frauds. The second report which appeared

Flyer from Kuala Lumpur held with 650 fake debit, credit cards - timesofindia.indiatimes.com - 10 Jan 2012

2012-01-11T10:30:00.000+05:30

CHENNAI: Chennai airport customs arrested a passenger from Kuala Lumpur on Monday for carrying fake credit cards and debit cards. The passenger arrived at the airport by an Air India Express flight. A senior customs official said the passenger, Andiyappan Muruganantham, was arrested and handed over to the crime branch police. "He was carrying about 650 fake credit and debit cards. The

Big Twin Cities ID theft ring unmasked - startribune.com - 09 Jan 2012

2012-01-11T10:28:00.004+05:30

Federal authorities in Minnesota are lowering the boom on a large group of individuals from the Twin Cities suspected of identity theft, bank fraud and money laundering activities that spread out to at least a dozen states and stole at least $2 million. So far, eight people have been charged in the alleged conspiracy in U.S. District Court in St. Paul, and several have entered guilty pleas

Feds Bust $1.5 Million ATM Skimming Scheme - informationweek.com - 10 Jan 2012

2012-01-11T10:26:00.004+05:30

Federal officials Friday announced the arrest of Laurentiu Iulian Bulat, a Romanian citizen who allegedly installed card skimmers on more than 40 ATMs in the New York City metropolitan area. Prosecutors have accused Bulat, who overstayed his U.S. visa, of participating in a fraud ring that netted at least $1.5 million via the card skimmers between May 2011 and January 5, 2012. Bulat alone

Saudi hacker claims info on 1m Israeli credit cards - globes.co.il - 05 Jan 2011

2012-01-06T09:39:00.001+05:30

Thed Saudi Arabian hacker who styles himself OxOmar claims that he has details of some one million credit cards belonging to Israelis, mocking the claims of Israeli credit companies that details of only 14 thousand credit cards were stolen in the break0in to Israeli websites. "We decided to give the world a gift for New Year's the personal information of 400 thousand Israelis,” the Saudi

Stolen Credit Cards Go for $3.50 at Online Bazaar - bloomberg.com - 20 Dec 2011

2011-12-21T11:22:00.000+05:30

In mid-September, a European hacker nicknamed Poxxie broke into the computer network of a U.S. company and, he said, grabbed 1,400 credit-card numbers, the account holders’ names and addresses, and the security code that comes with each card. With little trouble, he sold the numbers for $3.50 each on his own seller’s site, called CVV2s.in, to underworld buyers who have come to trust the quality

55 Indicted In Insider Cybercrime Scheme - northcountrygazette.org - 19 Dec 2011

2011-12-21T11:19:00.000+05:30

MANHATTAN—Fifty-five individuals have been indicted for their participation in an organized identity theft and financial crime ring that relied on corrupt employees at banks, a non-profit institution, a high-end car dealership, and a real estate management company to steal and traffic in the names, dates of birth, addresses, Social Security numbers, and financial account information of

3 Nigerians held for net fraud - ibnlive.in.com - 14 Dec 2011

2011-12-16T10:37:00.000+05:30

CHENNAI: A complaint from a private bank, alleging fraudulent online shopping transactions through its system, led to the arrest of three Nigerians by Central Crime Branch sleuths at Sembakkam on Tuesday. “The Nigerians are being interrogated and full details of the fraud are likely to emerge in a day or two,” said Commissioner of Police J K Tripathy.�� The swift action came after Senthil Kumar,

Latin America's Criminal Gangs Get Tech-Savvy - insightcrime.org - 14 Dec 2011

2011-12-16T10:28:00.000+05:30

A surge in cybercrime emanating from Latin America has analysts warning that organized crime in the region is developing an increasingly sophisticated understanding of information technology, and the ways to make money from it. “Cybercrime in Latin America has elevated to a new level,” Dmitry Bestuzhev, who works for the Russian computer security company Kaspersky Labs, told InSight Crime. “In

94 people charged in NYC check-fraud ring - poconorecord.com - 07 Dec 2011

2011-12-08T10:22:00.000+05:30

NEW YORK (AP) — Nearly 100 people formed a check fraud ring that systematically exploited a banking loophole to steal more than $450,000 by depositing bogus checks and withdrawing the money before they bounced, prosecutors said Wednesday. With a handful of bosses recruiting dozens of people to carry out the scheme — and even driving them to out-of-state casinos for part of it — the group

Criminals Find New Uses for 3D Printing - pcworld.com - 11 Oct 2011

2011-10-11T14:08:00.000+05:30

3D printers--desktop devices that can print out objects as easily as your home inkjet prints out documents--are getting less expensive and more common every day, and they promise to revolutionize manufacturing in the same way that desktop printing revolutionized publishing. I've written elsewhere about how we're at the start of a 3D printing revolution. In the past year, people have used 3D

Biggest ID Theft Bust in History - bankinfosecurity.com - 10 OCt 2011

2011-10-11T12:17:00.000+05:30

111 Arrested, Charged in $13 Million Scheme The biggest ID theft bust in history is the result of equally impressive international cooperation, observers say. On Oct. 7, the District Attorney of Queens County, N.Y., and City of New York Police announced the results of a two-year investigation that resulted in the biggest identity theft takedown in U.S. history. The elaborate scheme,

Cybercrime: A billion-dollar industry - bellinghamherald.com - 26 Sep 2011

2011-09-28T10:59:00.000+05:30

Are you protecting yourself from getting hacked? Think you're not at risk? According to a recent Norton cybercrime report, 431 million adults in 24 countries experienced some type of cybercrime over the past year, which is up 3 percent from the 2010 study. (The top three cybercrimes, according to the study, are viruses or malware, online credit card fraud, and phishing - or e-mail scams.) In

Mobile companies in identity theft racket in Himachal Pradesh - himachallive.com - 27 Sep 2011

2011-09-28T10:56:00.000+05:30

Shimla (Sept 27): Investigation carried out by Himachal Live on the overall working of the mobile companies in Himachal Pradesh have brought shocking revelations. As per report in Medianama there were 65,86,567 connections in Himachal Pradesh. The report in Medianama mentioned there was a decrease of 1,83,157 connections in the month of January 2011 when compared to the figures of December

Techie arrested in railway e-ticket fraud - timesofindia.indiatimes.com - 21 Sep 2011

2011-09-21T14:46:00.000+05:30

MUMBAI: A software consultant from Varanasi who developed pirated software and sold it to railway touts who in turn hacked into the Indian Railway Catering and Tourism Corporation's (IRCTC) website and booked e-tickets before the online windows opened and sold them in black market was arrested by the Mumbai cyber cell police on Tuesday. The accused, Sunil Sharma (34), a software consultant

Hacker nabbed for stealing 16cr - timesonfindia.com - 14 Sep 2011

2011-09-14T13:03:00.000+05:30

Bangalore: Cyber crime police under the Criminal Investigation Department (CID) are hunting for seven persons, who allegedly conned a city-based bank to the tune of Rs 16 crore by fraudulently withdrawing cash from its customers’ accounts. Sleuths have already arrested prime accused Selva Babu, a resident of Chennai and owner of V-Cube Technologies. He hacked into several accounts of

Citi Card Data Hacked Again - bankinfosecurity.com - 08 Aug 2011

2011-08-09T12:23:00.000+05:30

Just over a month after Citigroup confirmed a breach of its online banking platform, a second breach affecting Citi customers has come to light. [See Citi Breach Exposes Card Data and Citi Breach: A Warning to Banks.] On Aug. 7, The Japan Times reported that Citi on Friday confirmed a person involved with an outside business to which Citi Cards Japan Inc. outsourced part of its operations

Info on 35m users stolen in S Korea hack attack - stuff.co.nz - 29 Jul 2011

2011-07-29T09:22:00.000+05:30

The personal information of about 35 million internet users in South Korea was stolen in an alleged hacking attack that originated in China, officials said Thursday. Hackers purportedly attacked popular internet and social media sites Nate and Cyworld earlier this week, stealing data such as social security numbers and email addresses, the Korea Communications Commission said in a statement

Hackers Shift Attacks to Small Firms .- online.wsj.com - 21 Jul 2011

2011-07-22T10:59:00.000+05:30

Recent hacking attacks on Sony Corp. and Lockheed Martin Corp. grabbed headlines. What happened at City Newsstand Inc. last year did not. Unbeknownst to owner Joe Angelastri, cyber thieves planted a software program on the cash registers at his two Chicago-area magazine shops that sent customer credit-card numbers to Russia. MasterCard Inc. demanded an investigation, at Mr. Angelastri's

38 Taiwanese arrested for credit card fraud - philstar.com - 20 Jul 2011

2011-07-21T12:25:00.000+05:30

MANILA, Philippines – A total of 38 Taiwanese nationals were arrested by agents of the National Bureau of Investigation (NBI) for credit card and online fraud after they swooped down simultaneously in two huge residential houses in Paranaque City early today. The NBI said the 38 suspects are reportedly cohorts of the 24 Taiwanese and Chinese nationals earlier deported to the People’s

Travelocity claims Rs 168 cr damage from rival for data theft - Business Standard - 20 Jul 2011

2011-07-20T10:02:00.000+05:30

Travelocity India, an online travel portal, has claimed $37.5 million (Rs 168 crore) damages from its rival, Cleartrip, for losses as a result of alleged data theft. “Online travel agencies Desiya and Travelguru, owned by Travelocity, have filed a civil suit against Cleartrip, its senior executives and directors, including the chief executive officer, in a Mumbai court for data theft

Net 'phishing' gang jailed for £1 million banking con - thisislondon.co.uk - 12 Jul 2011

2011-07-13T10:26:00.000+05:30

Three online fraudsters have been jailed for stealing £1.1 million from bank customers by "phishing". Ayodeji Kareem, 39, Babatunde Fafore, 41, and Vincent Alonge, 32, had tried to steal £4.25 million during the two-year fraud. The Nigerians hacked into thousands of bank accounts but were caught after a victim returned from holiday to find an email message containing 600 names, addresses

European police break credit card "skimming" gang - af.reuters.com - 12 Jul 2011

2011-07-13T10:19:00.000+05:30

AMSTERDAM, July 12 (Reuters) - European police have arrested 61 people after breaking up a gang involved in "skimming" bank and credit cards, the police agency Europol said on Tuesday. For more details - http://af.reuters.com/article/kenyaNews/idAFLDE76B0TN20110712

Anonymous hacker group hits Apple, publishes data - Yahoo News - 05 Jul 2011

2011-07-05T13:52:00.000+05:30

SAN FRANCISCO (Reuters) - The Internet vigilante hacker group Anonymous claimed to have broken into an Apple Inc server and published a small number of usernames and passwords for one of the U.S. technology company's websites. Anonymous said on Sunday via its account on microblogging site Twitter that Apple could be a target for hackers and released the data as part of its Anti Security, or

The first big Google+ spam campaign blasted out by pill-pushers | Naked Security

2011-07-01T23:14:00.000+05:30

The first big Google+ spam campaign blasted out by pill-pushers | Naked Security

IRCTC Blocks 4.6 Lakh User IDs Following E-Ticket Fraud - medianama.com - 28 Jun 2011

2011-06-29T09:59:00.000+05:30

The Indian Railway Catering and Tourism Corporation (IRCTC) has blocked more than 4.4 lakh user IDs and 71, 484 e-mail IDs since March, following illegal and unethical practices while making e-ticket bookings, stemming from them, reports The Times Of India. The user IDs will no longer be able to log in and book e-tickets. It had also busted an online ticket fraud, which involved some agents

Kenya: Banks Defrauded of Sh75 Million in One Month - Report - allafrica.com - 27 July 2011

2011-06-28T15:29:00.000+05:30

Banks and financial institutions in Nairobi alone have lost more than Sh75 million to fraudsters in May alone according to latest figures from the Banking Fraud Investigations Unit. The amount could however be more because detectives have not finalised their investigations.According to the BFIU, fraudsters embezzled Sh75.7 million from Equity bank, Cooperative Bank, Barclays Bank, Southern

Business Briefs: Citigroup ex-VP arrested on fraud charges - montereyherald.com - 27 Jun 2011

2011-06-28T15:27:00.001+05:30

Citi ex-VP faces fraud charges Aformer Citigroup vice president embezzled $19.2 million from the bank in a one-man "inside job" involving a series of secret money transfers, federal prosecutors said Monday. Gary Foster, 35, a New Jersey resident, was arrested Sunday at John F. Kennedy International Airport after arriving on a flight from Bangkok. He was to appear in federal court in

Fraud jackpot offer dupes villager of Rs 40 lakh - timesofindia.indiatimes.com - 27 Jun 2011

2011-06-28T10:02:00.000+05:30

SHIMLA: Apple orchard owner in Rohru was duped of Rs 40 lakhs through a cyber crime after he responded to an email soliciting that he had won a jackpot lottery prize of over Rs 1 crore. Police officer of Rohru sub-division Shiv Kumar Sharma said a case under sections 420, 34 of Indian Penal Code has been registered against Dr Nikolsan, a foreigner, for having defrauded Ramesh Zinta, a

Citi says data breach resulted in major losses - debtmerica.com - 27 Jun 2011

2011-06-28T10:00:00.000+05:30

Though it initially reassured customers that their credit card accounts would not be affected by a major data breach, one of the nation's top lenders recently told federal lawmakers that it actually suffered millions of dollars worth of losses. Citi revealed that the hacking effort that exposed more than 360,000 of its North American credit card customers to identity theft resulted in more

Top executives commit most frauds - in.finance.yahoo.com - 23 June 2011

2011-06-23T23:38:00.000+05:30

A report released by advisory firm KPMG on Tuesday reveals that most corporate frauds are committed by finance directors, chief executive officers ( CEO) and other top honchos who have spent more than 10 years in an organisation and not the junior staff. According to the survey, the global fraud trends suggest that " the typical fraudster is male ( 87 per cent), between the age of 36 and 45,

‘LulzSec suspect’ arrested by New Scotland Yard | Naked Security

2011-06-22T10:21:00.000+05:30

‘LulzSec suspect’ arrested by New Scotland Yard Naked Security

Look out! Outlook phishing form spammed out | Naked Security

2011-06-21T12:51:00.000+05:30

Look out! Outlook phishing form spammed out Naked Security

CIA Web site hacked; group LulzSec takes credit - washingtonpost.com - 16 Jun 2011

2011-06-17T09:19:00.000+05:30

The hacker group LulzSec claimed credit Wednesday for taking down the CIA’s Web site for a couple of hours, the latest in a string of embarrassing Web site disruptions the group has pulled off — apparently more to poke fun and highlight vulnerabilities than to cause real damage. At 5:48 p.m., LulzSec, which dubs itself “the world’s leaders in high-quality entertainment at your expense,”

The Nigerian ‘prince’ who went phishing in city - bangaloremirror.com - 14 Jun 2011

2011-06-14T21:56:00.001+05:30

The Internet-savvy may have wised up to scams, but Aminisi Dele, who made Rs 5 cr in six months, showed that there is no dearth of Indians ready to fool themselves In Bangalore’s high-end restaurants and pubs, he used to introduce himself as the ‘Prince of Nigeria’ and wouldn’t think twice of burning over 50K for a few drinks and the ‘right company’. But online, he became an anonymous conman,

India among top 3 countries targeted by phishing attacks - news.in.msn.com - 09 Jun 2011

2011-06-10T09:02:00.000+05:30

New Delhi, Jun 9 (PTI) India along with the US and UK accounted for 70 per cent of the brands targeted by phishing in April, says a global survey. RSA, the security division of EMC, in its May Fraud Report said the US accounted for 42.5 per cent of brands targeted by phishing, followed by UK (19 per cent) and India (8 per cent). Worldwide as many as 17,376 attacks were launched in April, a

Citi Credit Card Data Breached for 200,000 Customers - wired.com - 09 Jun 2011

2011-06-10T08:58:00.000+05:30

Citigroup said Thursday hackers acquired personal information on about 200,000 credit-card holders, the financial institution’s second announced breach this week. The attack, first reported by the Financial Times, comes amid a host of cyber intrusions into well-known companies, including Google, Sony, EMC, Lockeheed Martin and L-3. Citi said no birth dates, Social Security numbers or card

Canada shoots to sixth place in global cyber crime list - itworldcanada.com - 10 May 2011

2011-05-11T11:59:00.000+05:30

Canada has usually ranked twelfth or thirteenth but its cyber crime landscape has changed dramatically in the past year, according to a new Websense report. The country is also second globally for hosting phishing sites with a 319 per cent jump in the number of servers hosting those sitesCanada’s cyber crime landscape has undergone dramatic change in the last year, according to a new Websense

How credit card data is stolen, Deccan Herald - 05 May 2011

2011-05-05T10:20:00.000+05:30

Last week, after the Sony PlayStation Network was attacked by a group of unknown hackers, Sony’s 77 million customers, along with security specialists and government officials, were surprised by the amount of information that might have been stolen from the company. But there was another group that worried about the attack: other hackers who steal credit card numbers and personal identity

Tiny Tokelau is the giant of cyber crime havens - smh.com.au/technology - 28 Apr 2011

2011-04-29T10:49:00.000+05:30

It has no capital, no airport and only 1400 people who call it home, but the tiny isle of Tokelau has become the cyber crime centre of the world. A new report by an international group tackling internet scams has confirmed that Tokelau, a New Zealand territory, has more malicious registrations under its .tk domain name than any other domain except .com. These fraudulent web addresses are

12 nabbed for online fraud - ibnlive.in.com/news - 26 Apr 2011

2011-04-28T11:54:00.000+05:30

HYDERABAD: Officials of the state Crime Investigation Department (CID) on Monday arrested 12 persons, mostly Nigerian nationals, for duping a woman to the tune of Rs 3.2 lakh by sending a fake mail claiming she had won a prize from Microsoft. The Cyber wing of CID said that the arrested include Paulinus Oti alias Victor Scott, Nwaneti Chigozie, Obumnaenne Emmanuel Ezenwaka, Solomon E Achulo

FBI is on high alert over a multi million dollar Chinese cyber crime operation - theinquirer.net - 27 Apr 2011

2011-04-28T11:52:00.000+05:30

CYBER CRIMINALS with access to Chinese bank accounts have robbed US businesses of millions in dollars in the past 12 months by using malware that scarfs up banking details. The US Federal Bureau of Investigation (FBI) has issued a stark warning about 20 incidents where banking credentials from smallish to medium-sized US businesses were harvested by malware like the Zeus Trojan and Spybot

Sony Playstation suffers massive data breach - Yahoo News - 27 Apr 2011

2011-04-27T14:13:00.000+05:30

Sony Corp suffered a massive breach in its video game online network that led to the theft of names, addresses and possibly credit card data belonging to 77 million user accounts in what is one of the largest-ever Internet security break-ins. Sony said it learned of the breach in its PlayStation Network on April 19, prompting it to shut down the network immediately. Sony did not tell the

Cyber crime gets more personalised - business-standard.com - 21 Apr 2011

2011-04-21T11:21:00.000+05:30

Rajesh, a Bangalore-based software engineer received an e-mail from the Income Tax department saying that the department had reviewed his ‘tax fiscal payments’ for previous months and his ‘returns filed online’, and that he is eligible for a tax refund of Rs 40,135.50. However, what made him curious was the fact that he did not file his IT returns online. The e-mail also contained a link for

Gang of nine arrested for suspected credit card skimming across southern Canada - vancouverite.com - 20 Apr 2011

2011-04-21T11:17:00.000+05:30

WHITBY,ON – Nine persons have been arrested on suspicion of skimming forged payment cards at automated banking machines (ABM) across southern Ontario, Quebec, British Columbia and Nova Scotia. The nine, who belong to an organised crime group of Eastern Europeans, are suspected of installing electronic overlays at ABM stations to photograph debit card data and PIN numbers during operations by

Nigerian nabbed for lottery fraud - Times of India - 20 Apr 21011

2011-04-20T09:55:00.000+05:30

Bangalore: A Nigerian national and his Indian mistress who conned many people using a fake lottery account were arrested by the City Crime Branch on Saturday. Abiodun, 32, a native of Okena, has been perpetrating fraud and misappropriation since 2007. He landed a month ago in Bangalore with an elaborate plan of online lottery and credit card fraud. Abiodun’s mistress Himakshi Hazarika was

Big Vicory for U.S. as cybercrime ring shuts down - montrealgazette.com - 14 Apr 2011

2011-04-15T10:37:00.000+05:30

U.S. authorities claimed one of their biggest victories against cybercrime as they shut down a ring they said used malicious software to take control of more than two million PCs around the world, and may have led to theft of more than $100 million. A computer virus, dubbed Coreflood, infected more than two million PCs, enslaving them into a "botnet" that grabbed banking credentials and

Credit card skim scams net $170 million - dailytelegraph.com.au - 15 Apr 2011

2011-04-15T10:34:00.000+05:30

CREDIT and debit card fraud has tripled in just three years, with Australian consumers ripped off more than 657,000 times last year at a cost of $170 million. The multi-million-dollar profits have attracted organised crime, with Australia recently targeted by crime groups from Romania, Southeast Asia and Sri Lanka. These gangs are involved in large-scale card skimming, the Australian

RSA release a few details on their big security breach - nakedsecurity.sophos.com - 04 Apr 2011

2011-04-04T20:28:00.000+05:30

In mid-march, Naked Security reported that RSA's executive chairman, Art Coviello, had revealed a doozie of a cyber-attack story: hackers had broken into RSA servers and stolen information related to the company's SecurID two-factor authentication products. On Friday - ironically April Fool's day - Uri Rivner, head of new technologies and consumer identity protection, at RSA, posted a blog

Online bank scam gang jailed - getreading.co.uk - 10 March 2011

2011-03-11T12:27:00.000+05:30

A former Bradfield College student has been jailed for five years for masterminding an online banking scam worth up to £18 million. Nick Webber left the public school after completing his GCSEs and created GhostMarket.net where stolen bank account details were traded and advice offered on hacking techniques. The 19-year-old and his accomplice Ryan Thomas, 18, were jailed at Southwark Crown

Citi reports maximum card frauds in India - hindustantimes.com - 04 March 2010

2011-03-07T12:30:00.000+05:30

Citibank has witnessed maximum 92 frauds of cloning of debit/credit cards or use of fake cards involving over Rs 1.9 crore from 2007-08 to December 2010. “Largest number of such frauds belong to Citibank from 2007-08 to December 2010...RBI’s committee has suggested a number of steps including replacing the magnetic strip on cards by a chip. All these aspects are being looked into,” finance

Two including Nigerian held for job fraud - timesofindia.indiatimes.com - 16 Feb 2010

2011-02-17T09:39:00.000+05:30

GURGAON: A Nigerian national and a girl from the North-east were arrested by the cyber crime branch of Gurgaon police on Tuesday morning in the Maruti Suzuki job racket. Teddy Malone Ogboru and Pooja Rai were produced before the district court, which sent Teddy to a one-day police remand and Pooja to a 15-day judicial custody. The 32-year-old Nigerian national, Teddy, is allegedly

FBI charges 14 with $30 million credit card and bank fraud - finextra.com - 16 Feb 2010

2011-02-17T09:36:00.000+05:30

PREET BHARARA, the United States Attorney for the Southern District of New York, and JANICE K. FEDARCYK, the Assistant Director in Charge of the New York Office of the Federal Bureau of Investigation ("FBI"), announced the arrest of 14 men who participated in a criminal ring engaged in conspiracy to commit credit card fraud, bank fraud, mortgage fraud, and identity theft. The 14

70% of SMS spam is financial fraud - net-security.org - 16 Feb 2010

2011-02-17T09:34:00.000+05:30

An analysis of SMS traffic conducted from March through December 2010 reveals that according to the reports of misuse submitted by AT&T, Bell Mobility, KT, Korean Internet & Security Agency, SFR, Sprint, and Vodafone consumers, spam is found across all networks, and at levels higher than originally anticipated. The reports were collected by the pilot of the GSMA Spam Reporting Service (

Romania arrests five over credit card fraud - expatica.com - 16 Feb 2010

2011-02-17T09:31:00.000+05:30

Romania has arrested five people in the break-up of a European-wide network of credit card forgers, Europol, the European Union's law enforcement agency, said Wednesday. The group was active in Britain, Poland, Romania and Sweden. Police searched 14 homes in the towns of Pitesti, Galati and Vaslui and seized 50,000 euros and 50,000 dollars in cash, The Hague-based Europol said in a

Banks not taking credit card data security seriously: Survey - indiatoday.intoday.in - 08 Feb 2010

2011-02-09T11:16:00.000+05:30

The next time you swipe your debit card at a petrol bunk, use a credit card to buy a movie ticket or pay a bill online, do it at your own risk. A new survey of security in Indian banks has revealed that many of them do not follow even basic measures to ensure card security or protect your personal information. The survey finds that banks in India lag in security of cards transactions. "

RFID Skimmer Could Steal Your Credit Card Number While It's Still in Your Wallet - walletpop.com - 08 Feb 2010

2011-02-09T11:11:00.000+05:30

You may have already received one of the latest improvements in credit card technology -- a card with an embedded radio frequency identification (RFID) chip. These cards use radio waves to transmit your information simply by swiping it through the air in the proximity of the reader. Unfortunately, a recent demonstration by an industry expert showed that this RFID skimmer technology might

Cyber criminals turn more virulent - expressindia.com - 05 Feb 2010

2011-02-07T13:22:00.000+05:30

Bangalore It is becoming far more easier for

ACH Fraud: Bank Speaks Out - bankinfosecurity.com - 3 Feb 2011

2011-02-04T11:12:00.000+05:30

Exclusive: Bank President Reveals True Impact of Account Takeover For more details check the link http://www.bankinfosecurity.com/podcasts.php?podcastID=968&rf=2011-02-03-eb its an audio file

Three persons held for bank net hacking - ibnlive.in.com - 02 Feb 2011

2011-02-03T08:59:00.000+05:30

Dibrugarh(Assam), Feb 2 (PTI) In what could be the first instance of cyber crime in Assam, three persons have been arrested in Tinsukia district for their suspected involvement in a bank internet hacking case in which Rs six lakh was fraudulently withdrawn from an account. Based on an FIR filed by a businessman Sahid Khan the police arrested the three, hailing from the tea garden community

About Two Dozen Arraigned in Credit Card Fraud Scheme - nytimes.com - 01 Feb 2011

2011-02-03T08:58:00.000+05:30

About two dozen people have been charged with stealing credit card data and using it to make counterfeit credit cards that they used to buy and resell goods across the country, according to an indictment filed on Tuesday in State Supreme Court in Manhattan. The ring stole nearly $1 million, using the forged credit cards to buy items like iPods and MacBooks in cities including New York; Los

CPT: Role of Pakistan-based hackers confirmed - expressbuzz.com - 23 Jan 2010

2011-01-24T09:06:00.000+05:30

KOCHI: The cyber wing of the Kochi city police on Saturday confirmed that it was hackers based in Lahore, Pakistan, who had hacked the website of the Cochin Port Trust (CPT) and defaced it. The cyber wing, headed by City Police Commissioner Manoj Abraham, had successfully tracked the IP address of the hackers who were operating from Lahore.Though there had been reports on the suspected

Secrets of a Former Credit Card Thief - finance.yahoo.com - 13 Jan 2010

2011-01-17T09:07:00.000+05:30

Card theft is cheap, easy and you could be next. We've all heard the standard tips about preventing identity theft and credit card fraud. But what would a real identity thief tell you if he had the chance? Dan DeFelippi, who was convicted of credit card fraud and ID theft in 2004, says simply this: You can't be too careful. DeFelippi, 29, mostly made fake credit cards with real credit card

Nigerian held for siphoning Rs 29,000 from account of city resident - timesofindia.indiatimes.com - 07 Jan 2011

2011-01-07T08:56:00.000+05:30

CHENNNAI: The cyber crime cell of the city police on Wednesday arrested a Nigerian national for siphoning off Rs 29,000 from the account of a Chennai resident. Uchema Obhuja (35), nabbed with the help of the Delhi police on Tuesday, was brought here on Wednesday. Cyber crime sources said the complainant, Govindarajan of Saligramam, could have answered a phishing mail thus handing over

Hacked iTunes accounts auctioned on China's eBay - infosecurity-us.com - 06 Jan 2011

2011-01-07T08:52:00.000+05:30

Around 50,000 illegal iTunes accounts are being sold on China’s version of eBay, according to a Chinese media report. Cybercriminals have illegally obtained iTunes user accounts and are auctioning them on taobao.com, China’s largest online store. The criminals are offering interested parties the opportunity to buy $200 worth of digital products from iTunes for prices ranging up to $30,

350cr fraud in Citibank branch -- epaper.timesofindia.com - 29 Dec 2010

2010-12-30T13:22:00.001+05:30

Gurgaon: The DLF-II branch of Citibank has unearthed a fraud allegedly engineered by its relationship manager,Shiv Raj Puri,which initial estimates suggest could be of the order of Rs 300-350 crore. The fraud,one of the biggest of its kind,came to light when the foreign bank launched an investigation into a certain set of suspicious transactions involving a few accounts in the Gurgaon

Citibank fraud: Gurgaon police arrest banker Shiv Raj Puri - timesofindia.indiatimes.com - 30 Dec 2010

2010-12-30T13:18:00.000+05:30

GURGAON: The Gurgaon police on Thursday arrested Shiv Raj Puri, the man who cleaned out nearly Rs 250 crore from the Gurgaon branch of Citibank. He is being produced in the Gurgaon district court by the police. Talking to Times of India after his arrest, Puri said: "I have already given full details to the police. I have full faith in the judiciary. Truth will come out." Shiv Raj Puri, 32, is

Data security breach at the North Pole! Santa's Naughty/Nice list compromised - nakedsecurity.sophos.com - 24 Dec 2010

2010-12-24T09:17:00.000+05:30

Following attacks on Gawker, Walgreens and McDonalds, it seems hackers have set their eyes on a new target: Santa! Reports from the North Pole have confirmed that Santa's Naughty/Nice list has been compromised. The list is said to contain the name, stocking address and naughty/nice score (the child equivalent of a credit score) of every child on earth. Absent from the leaked data is the "What I

Old donation scam given new spin by using N.S. couple's lotto win

2010-12-23T08:58:00.000+05:30

Old donation scam given new spin by using N.S. couple's lotto win

FutureBazaar website hacked, down for 48 hours - economictimes.indiatimes.com - 22 Dec 2010

2010-12-23T08:53:00.000+05:30

NEW DELHI: Future Group's plans to boost on-line sales has come across a cyber hurdle with its flagship e-commerce portal FutureBazaar being hacked and has been rendered the site dysfunctional for the last two days. Terming the hacking of the site as 'denial of service attack', FutureBazaar chief executive officer Rajiv Prakash said, "The website has been down for the last couple of days

Google Adds Hacked Site Alerts to Search Results - networkworld.com - 17fi Dec 2010

2010-12-20T09:02:00.001+05:30

Google is introducing a feature in search results to clearly identify potentially malicious sites and help users avoid them.One of the easiest ways for attackers to lure victims is by planting malware on seemingly innocent-looking Web sites, or actually compromising legitimate Web sites. Google is doing its part to help users make informed decisions about the sites they visit, and avoid

Electronic pickpocketing Target Credit Cards With Radio Chip - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

2010-12-16T09:08:00.000+05:30

Electronic pickpocketing Target Credit Cards With Radio Chip - NewsOn6.com

Romania smashes international cybercrime ring - google.com - 13 Dec 2010

2010-12-15T09:30:00.001+05:30

BUCHAREST — Romanian authorities said Tuesday they dismantled a cybercrime network blamed for causing more than 11 million euros (13.5 million dollars) in losses to firms in the United States, Britain, South Africa, Italy and Romania.To read more - http://www.google.com/hostednews/afp/article/ALeqM5hLUkhy4QJ8p2MIKEd7Zul-dkSLdA?docId=CNG.9d86bd1b9e1dcce9c1b3a0448d6af28b.3b1

McDonald's customer information stolen by hackers - computerworlduk.com - 13 Dec 2010

2010-12-15T09:20:00.001+05:30

The data includes, names, postal and email addresses and phone numbersMcDonald's is working with law enforcement authorities after malicious hackers broke into another company's databases and stole information about an undetermined number of the fast food chain's customers. McDonald's has also alerted potentially affected customers via email and through a message on its website."We have been

Fake Amazon Receipt Generator Targets Unsuspecting Online Merchants - informationweek.com - 09 Dec 2010

2010-12-10T12:11:00.001+05:30

There's a new online swindle afoot this holiday season, but it's not after consumer pocketbooks. Rather, it targets a very specific group: Businesses that sell their wares on Amazon.com. The would-be grift is a bit of software that generates authentic-looking Amazon receipts -- for orders that were never placed -- in hopes of acquiring fraudulent refunds.Christopher Boyd, senior threat

Man arrested for credit card fraud - expressbuzz.com - 09 Dec 2010

2010-12-10T09:07:00.001+05:30

CHENNAI: A 27-year-old Mumbaikar was arrested for allegedly buying airline tickets with fake credit cards, canceling them later and pocketing the money.Acting on a complaint from assistant general manager, Air India - Chennai airport, Mohan, claiming that someone had purchased seven tickets costing Rs 2.24 lakh in Mumbai for Singapore using fake credit cards in the name of Brar Amitabh Singh

Bollywood wannabe Dixit Shah, of Harrow, jailed for £15m fraud at Southwark Crown Court - harrowtimes.co.uk - 06 Dec 2010

2010-12-08T09:08:00.001+05:30

A “RUTHLESS” fraudster whose life of crime bankrolled a doomed quest for Bollywood stardom has been jailed for five-and-a-half years. Dixit Shah, 49, of High Mead, Harrow, masterminded a string of frauds which saw banks and businesses across Europe and Asia conned out of more than £15 millon. The would-be movie mogul ploughed the stolen cash into a succession of failed film projects in

EFCC recovers N26.4b from cyber criminals - independentngonline.com - 07 Dec 2010

2010-12-08T09:04:00.001+05:30

The Economic and Financial Crimes Commission (EFCC) has declared that it has intercepted 12, 000 scam mails and recovered over £110 million (N26.4 billion) from cyber criminals in the last three years.The declaration was made at the just concluded West African Cybercrime Summit in Abuja, where a Principal Staff Officer in the EFCC, Barrister Bala Sanga, said the agency with its foreign

Team formed to probe into hacking of Pak websites - dawn.com -

2010-12-08T09:00:00.002+05:30

ISLAMABAD: The government has formed a high-level investigation team to check the hacking of several government websites allegedly by the self-styled “Indian Cyber Army”, sources in Federal Investigation Agency told Dawn on Tuesday. The decision to investigate the hacking of official websites was taken after reports of a ‘cyber war’ between India and Pakistan appeared in media. The team

After hacking of CBI website, 'India' hits back - mid-day.com - 06 Dec 2010

2010-12-07T09:08:00.001+05:30

Indian Cyber Army claims to have defaced Oil and Gas Regulatory Authority site of the neighbouring countryIt's battle royal in the cyber world. Indian and Pakistani hackers have defaced more than a 1000 websites in each other's country in the past few days. Many of these are critical government sites.Now after a group of Pakistani hackers, Predators PK, defaced the Central Bureau of

Six get jail for Insurance fraud - expressbuzz.com - 05 Dec 2010

2010-12-06T12:39:00.000+05:30

KOCHI: A CBI Special Court here on Saturday sentenced four people, including an official of the National Insurance Company (NIC), to six years’ imprisonment and imposed a fine of Rs 5.2 lakh for defrauding the insurance company of over Rs 10 lakh by submitting fake documents.Judge S Vijayakumar sentenced KS Aniyan, administrative officer, National Insurance Company, Ernakulam branch, Prem

Govt to spend Rs 10,000 cr on cyber security - mid-day.com - 05 Dec 2010

2010-12-06T12:38:00.000+05:30

The government plans to spend a whopping Rs 10,000 crore, or three per cent of its annual plan budget, on e-governance projects in 2010-11, said an official from the Ministry of Information and Technology.Despite this and the new amendment to the Information Technology (IT) Act that gives more teeth to the police if you sell sensitive data from your office, hack someone's Orkut profile or

Cyber crimes on the rise in Pakistan - gulf-times.com - 06 Dec 2010

2010-12-06T12:33:00.001+05:30

Several high-profile cases involving cyber crimes, including the one in which the Supreme Court website was hacked, have failed to serve as eye-opener for decision makers in Pakistan, with cyber criminals operating without fear of prosecution after lapse in late 2009 of an ordinance. Official sources here say that cyber crimes are on the rise, as the cyber crime wing of the Federal

CBI website hacked by ''Pakistani Cyber Army'' - in.news.yahoo.com - 04 Dec 2010

2010-12-04T14:33:00.000+05:30

New Delhi, Dec 3 (PTI) In a major embarrassment, the website of premier investigating agency CBI was hacked tonight by programmers identifying themselves as "Pakistani Cyber Army". The home page of the CBI website had a message from the ''Pakistani Cyber Army'' warning the Indian Cyber Army not to attack their websites. The hackers have made a mockery of the country''s cyber security by

FBI issue warrant for Russian Mega-D botnet controller - v3.co.uk - 02 Dec 2010

2010-12-03T09:39:00.000+05:30

23 year old accused of sending third of world’s spam A Russian man has been charged with running the Mega-D botnet, which was at one time producing around a third of the world’s spam. According to an FBI affidavit [PDF] Oleg Nikolaenko, 23, took millions of dollars from companies looking to advertise fake Rolexes, herbal remedies and counterfeit medicine and at one point sent 32 per cent

Ghana, Nigeria in world 419 ranking - news.myjoyonline.com - 02 Dec 2010

2010-12-03T09:00:00.001+05:30

The world loses $557 million annually to cyber crime, with Ghana now ranked among the top 10 countries in the world where the crime, popularly known as 419, is most prevalent.Two other West African countries, namely, Nigeria and Cameroun, are also among the top 10 countries, according to the Chairman of the Economic and Financial Crime Commission (EFCC) of Nigeria, Mrs Farida Waziri.Nigeria,

A Credit Card for the 21st Century - technologizer.com - 01 Dec 2010

2010-12-02T08:56:00.001+05:30

What if that magnetic stripe on your credit card could get a lot smarter? That’s the idea behind Dynamics’ Card 2.0, a paper-thin, flexible computer platform that can be utilized in a variety of applications such as next-generation payment cards. Card 2.0 features a magnetic strip that can be reporogrammed on the fly; it can be read by any existing magnetic stripe reader, so merchants don’

How fraud artists ripped-off $16 million in federal loans - thestar.com - 26 Nov 2010

2010-11-30T10:30:00.001+05:30

A senior government bank official was part of a conspiracy that saw $16 million in loan money ripped off by a group of Toronto-area fraud artists, according to allegations filed in court. Trips to the French Riviera, tax havens in the Caribbean and partying in Toronto were just a few of the stops on a spending spree that began in the Scarborough offices of the Business Development Bank of

Nigerian job racket scam busted, 4 arrested - timesofindia.indiatimes.com - 29 Nov 2010

2010-11-30T10:27:00.001+05:30

MUMBAI: The city's cyber crime cell busted a Nigerian job racket scam with the arrest of four persons on Monday. The accused have been identified as gang of Nigerian job racket scam was busted by the Mumbai cyber crime police station with the arrest of four persons including three Nigerians. The arrested have been identified as Sameer Tanveer Shah alias Pramad alias Mohammed Islam Shaikh (

Computerized Credit Cards: Good for Consumers? - foxbusiness.com - 29 Nov 2010

2010-11-30T10:09:00.001+05:30

Consumers will soon have a new credit card to reach for at the checkout counter, complete with embedded computer chips, lights, buttons and a micro-thin battery that lasts for years. No, this is not a James Bond gadget, it’s actually the birth of the computerized credit card that some banks, such as Citibank, are currently testing. The buttons on the Citibank cards allow consumers to choose

Banking fraud: Nigerian, Nepalese among three arrested - news.in.msn.com - 28 Nov 2010

2010-11-29T11:06:00.001+05:30

New Delhi, Nov 27 (PTI) Two foreigners and their Indian accomplice were arrested in south Delhi for allegedly hacking into internet bank accounts of people and buying gadgets like laptops, police said today.Investigators suspect that many gangs of international hackers are involved in similar crime in the country. The gangs operate from Mumbai and Bangalore and make calls to the targets on

Nigeria ranks fourth in global cyber crime, 64 th in IT global rating .- compassnewspaper.com - 25 Nov 2010

2010-11-26T10:38:00.000+05:30

Nigeria is now rated fourth in global cyber crime rate and number 63rd in Information Technology (IT) global competitiveness rating. National Information Technology Development Agency (NITDA), which disclosed this recently also identified lack of adequate political will from decision makers as a major challenge militating against development of Information Communication Technology (ICT) in

Merchants cautioned on PIN pad security - winnipegsun.com -25 Nov 2010

2010-11-26T10:36:00.001+05:30

Winnipeg police are warning merchants to keep PIN pads out of sight until they’re used by a customer after three Quebec men were arrested for switching legitimate pads with one of their own. Det. Trevor Thompson, of the Winnipeg police commercial crime unit, also suggested people check their credit card and bank statements for unauthorized withdrawals and charges. PIN numbers should also be

Your identity for sale online - columbian.com - 25 Nov 2010

2010-11-26T10:32:00.001+05:30

Thieves sell credit numbers, more on members-only sites .When it comes to identity theft, experts say many of us have no idea of the Internet Goliath we’re facing. Sure, we knew there’s an underworld of thieves out there who, hunkered over their computers, hack into ours — or those of major corporate or government data systems — and steal folks’ personal information, sometimes in big chunks.

Online newspaper hacking case sets off alarm bells - news.asiaone.com - 25 Nov 2010

2010-11-26T10:17:00.000+05:30

HA NOI - Internet security experts have warned news websites to stay alert for hackers after one of the top Vietnamese news sites was paralysed by hackers on Monday - for the second time in a month. The online newspaper VietnamNet was disrupted from 3am on Monday. Visitors to the site only saw the messages: "Server is too busy," "Service unavailable," or "Hacked by Team Mosta Algerian Hacker"

Central Bank General Managers arrested for Loan Scam - ndtv.com - 24 Nov 2010

2010-11-24T18:32:00.000+05:30

New Delhi: The CBI has arrested eight people including senior executives of different banks whose executives gave loans to private builders in exchange for bribes.Among those arrested: the Chief Executive Officer (CEO) of LIC Housing Finance; the General Manager of Central Bank of India; the Deputy General Manager of Punjab Bank in Delhi; and the Chairman and Managing

China hijacking hacking "hit 15% of net" says US - Computerworld (blog) | PHP RSS Reader

2010-11-19T21:43:00.000+05:30

China hijacking hacking "hit 15% of net" says US - Computerworld (blog) PHP RSS Reader

Verizon launches hacking information service - www.v3.co.uk - 17 nov 2010

2010-11-18T14:31:00.000+05:30

Verizon Business has opened a new service that allows companies to post details of hacking attacks so that those in a similar situation can learn from their experience. Verizon Enterprise Risk and Incident Sharing (Veris) was rolled out in March, and facilitates the anonymous posting of data so that companies do not have to reveal any vulnerabilities. Each posting generates a Data Breach

Unscrupulous Spam Follows Pay Day Loan - www.bankaholic.com - 16 Nov 2010

2010-11-18T14:26:00.000+05:30

Here’s another way the payday loan industry preys on unsuspecting customers. It sells their email addresses to unscrupulous scams trying to make a buck off of their financial woes. We found this out through Heather, an attorney from Philadelphia. It seems that Harold, a man Heather doesn’t know but who has a similar last name, applied for a payday loan. But instead of putting his email address

Conversations With a Nigerian Scam Artist - msnbc.msn.com - 8 Nov 2010

2010-11-09T23:10:00.001+05:30

The following series of emails attempts to playfully document one of the world's most infamous cons: the Nigerian Email Scam, aka the 419 scam, aka the advance-fee fraud. For Fools like us, it's truly difficult to comprehend, but many, many tens of millions of dollars have been stolen from honest, unwitting victims through the use of a scam that was first created more