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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. Security experts have warned users to focus on securing their whole online lifestyle in 2008. Researchers have uncovered a new banking Trojan which steals user data from more than 400 banks worldwide.. Lax internet security has resulted in a virtual boycott of Vietnam by online retailers, local press reports claim. Embattled retailer TJX Companies - the parent of TJ Maxx, Marshalls and other well-known outlets - has agreed to a nearly US$41 million settlement with Visa. Commonwealth Bank Australia is offering 25,000 Netbank customers free access to Computer Associates (CA) security software as it aims to improve security for its online services. Amazon has quietly rolled out a limited beta of its Amazon Flexible Payment(AFP) service. The service offers payment outsourcing to third party websites and applications. It joins Google Checkout and Paypal in the payment outsourcing market.
More and more businesses are moving towards offering their products and services in an Internet-based environment and consumers will typically use a credit or debit card for e-commerce transactions. For the second time in just three months, Westpac’s online banking services have suffered a blackout, locking out customers and businesses from accessing their accounts. "It's the economy, stupid." It worked for spammers now, and it will work for spammers in the future. For the fifth consecutive month, UK banks are the second most targeted worldwide by online fraudsters, new figures show. At the end of the financial year it is vital to have easy access to your data.. Paymate is set to expand its secure Internet payment service program, TrustMark, throughout the next 12 months. Cyber crime is costing the e-commerce industry as much as £580 million (A$1.38 billion) per year, with that figure set to rocket to £1.5 billion (A$3.6 billion) by 2010, latest figures show. The UK banking industry has announced plans for the national rollout of ‘tap and go' technology on UK credit and debit cards. The Royal Bank of Scotland will offer its customers a handheld chip and PIN device to boost the security of its online banking service. Biometric Security Ltd has announced the release of the world's first voice-verified payment processing system. Barclays will offer its customers a handheld chip and PIN device to boost the security of its online banking service. 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. There have been few mobile phone viruses so far, but as more handsets use WiFi and bluetooth, is it just a matter of time? Mark Mayne reports.