WorldWar-E™

Last year was a tough one for most businesses, but for cybercriminals it was one of the best yet.
According to data released Friday by the U.S. Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3), victims reported total losses of US$559.7 million in 2009, more than double the tally for 2008.
The most frequently reported scam [...] Read more »

Posted on April 3rd, 2010 under Cyber Security, Security News. Tags: Cybercriminals, Cyberfraud, Cyberfraud 2009, Fbi, FBI-themed Scams, Ic3, Internet Crime Complaint Center. Comments: None

FBI figures show huge rise in online miscreantage
US net crime loss complaints almost doubled in value from $265m in 2008 to reach $560m last year, according to official figures.
An annual report of the FBI-backed Internet Crime Complaint Center (IC3), published on Friday, reports that the unit handled 336,655 complaints in 2009, a 22.3 percent increase [...] Read more »

Posted on March 31st, 2010 under Credit Card Fraud, Cyber Crime, Identity Theft, Internet Fraud, News From The Cyber Front, Phishing, Security News. Tags: Advance Fee Fraud, Child Pornography, Computer Fraud, Computer Hacking, Credit Card Fraud, Crooks, Cybercrime, Dollar Losses, Fbi, Federal Law Enforcement Agencies, financial loss, Fraud, Ic3, Internet Crime Complaint Center, Investment Fraud. Comments: None

Losses from cybercrime and online scams more than doubled in 2009 to 559 million dollars as Internet criminals used more sophisticated techniques, an FBI-led task force said Friday.
The report from the Internet Crime Complaint Center (IC3), said losses in the United States linked to online fraud shot up 110 percent from 265 million in 2008, [...] Read more »

Posted on March 20th, 2010 under Cyber Security, Security News. Tags: Criminals, cybercrime news, Fbi, Federal Bureau Of Investigation, Internet Crime Complaint Center, Internet criminals, Law Enforcement, Losses, Monetary Loss, National White Collar Crime, National White Collar Crime Center, online scams, Sophisticated Techniques, Unsuspecting Consumers, White Collar Crime, White Collar Crime Center. Comments: None

Security measures such as the use of one-time passwords and phone-based user authentication - considered among the most robust forms of IT defenses — are no longer enough to protect online banking systems against fraud, a Gartner Inc. report warns.
Cybercriminals are using increasingly sophisticated tactics to outmaneuver security systems so they can steal customers’ log-in [...] Read more »

Posted on March 4th, 2010 under Online Banks, USA. Tags: Authentication Method, Authentication System, Banking Systems, Fraud Detection, Fraudster, Internet Crime Complaint Center, Monitoring Technology, Security Measures, Sophisticated Tactics, Stronger Security, Time Passwords, Transaction Activity, Trojan Horse Programs, User Authentication. Comments: None