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Consumers, regulators, and businesses have no way to reliably assess the incidences and frequency of identity fraud at major financial institutions, a new study concludes. There's no question about it: the malware industry is booming. Every day, computer users are bombarded with news of severe data breaches, the rapid growth of online fraud and identity theft, and spyware that invades privacy and compromises security. Biometric Security Ltd has announced the release of the world's first voice-verified payment processing system. A new threat that poisons DNS caches has been identified. The United States is seeking the extradition of hacker Ehud Tenenbaum. Reports suggest that today may be a bad day for Washington scammers. Security experts are warning users of a high risk of phishing operations connected to Hurricane Gustav. Taiwan Police has swooped down on a ring of cyber-thiefs who had been targeting government and corporate data stores.
Internet users still make irresponsible online purchasing decisions despite ongoing warnings about the dangers of responding to unsolicited emails, a new survey has found. The U.S. legal system is failing to bring prosecutions in cybercrime cases. The majority of consumers are concerned about the security and use of Pins, passwords and 'secret' data used by bank call centres to verify identity. A unique breach of bank information has hit one of the world's largest banks. The FBI has indicated a California man for an ingenious scam that bilked US$50,000 -- a few pennies at a time -- from online brokerage companies E*trade and Schwab.com. Three men pleaded guilty this week in New York to running get-rich-quick spam schemes - including a scam where one of the men claimed to have terminal throat cancer - targeting email users. Thousands of customer details have been used by fraudsters following the theft of a Cable & Wireless database, an investigation has found. Embattled former CA CEO Sanjay Kumar, who was sentenced to 12 years in prison after bogusly inflating the company's stock price to meet Wall Street's expectations, has agreed to pay about US$800 million to victims he helped defraud. Pop-diva Madonna is the highlight of a new round of malicious spam messages, security vendor Sophos has warned.
China's dual gold medal winning gymnast He Kexin is under aged and should have been banned from competing at the Olympics. A US federal judge has lifted a temporary injunction that denied three college students from presenting their subway payment hack research at the recent Defcon show. A 24-year-old, who admitted to phishing AOL users during a four-year period, has received seven years in prison.