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A Turkish hacker known as "Chao" and arrested as part of the FBI operation against underground forum DarkMarket produced his own training videos. You can watch it here. A unique breach of bank information has hit one of the world's largest banks. VeriSign today announced strong growth for its VIP identity protection service, including the imminent launch of DocLocker, an online document storage system. A 24-year-old, who admitted to phishing AOL users during a four-year period, has received seven years in prison. Three people have been charged with stealing millions of dollars from Citibank customers after they found a way to steal user’s PIN numbers.
As long as there has been credit granting there have been customers committing first party fraud. Chip and PIN credit cards are hitting Australian shores. Negar Salek, demystifies the emerging secure payment technology and its potential benefits. Westpac confirmed this week that all its Australian ATMs will soon be protected by anti-skimming technology that will reduce unauthorised devices from scanning card holder information. Australian based authentication solutions vendor, Emue Technologies has launched a 12-button keypad to enable secure remote banking and enhanced point-of-sale security at the card manufacturing trade show Cartes & Identification in Paris.
A 23-year-old man accused of sending spam and phishing emails that targeted AOL subscribers pleaded guilty on Wednesday in a US court, the country's Department of Justice (DOJ) announced. A California law firm has filed a class-action lawsuit against Certegy Check Services on behalf of the 8.5 million customers whose sensitive information was sold to direct marketers by a former employee of the check verification service. We used to live in an analog world. We played records, radio stations had static interference, we flattened out dollar bills to work in vending machines and we anguished over hanging chads. Sure, everything was converted into bits and bytes in the end, but the world we interacted with was a physical one. Automatic data encryption on the road. Ahhhhh, the internet. We are hooked, and we better be prepared for the consequences. Real dollars are being lost, identities are being stolen, botnets are running rampant, consumer ATM cards are being compromised, spam is jamming our inboxes, the press is reporting stories that contribute to consumer cyber fears, and mankind again finds itself waging a protracted war — this time against internet insecurity. Ask IT security experts to forecast the future of mobile device security, and their crystal ball might become a little murky — possibly because of looming storms on the horizon. At first glance, achieving compliance for all 12 payment card industry (PCI) security requirements may seem daunting. But, when we break down the requirements and examine the common issues, the process becomes quite manageable. A Vietnamese man accused of launching a large-scale distributed denial-of-service (DDoS) attack against a commercial website was arrested by local authorities. A messaging security firm identified two new attacks this week that use voice over internet protocol (VoIP) to carry out phishing schemes. Former ceo of Hewlett-Packard Carly Fiorina has joined Cybertrust’s board. Fiorina said in a statement that “information security will be a key driver of growth and innovation in the technology industry for years to come, and Cybertrust is uniquely positioned to lead the global security market.” Fiorina also served as HP’s chairman from 2000 to 2005.

www.cybertrust.com

A recent news story jumped off the page at George Waller. The report stated that U.S. companies will lose $2.8 billion this year alone to online fraud, according to a survey released by CyberSource.