Federal prosecutors in New York today announced the arrest and charging of a San Francisco man they say ran the online drug bazaar and black market known as Silk Road 2.0. In conjunction with the arrest, U.S. and European authorities have jointly seized control over the servers that hosted Silk Road 2.0 marketplace.
A long trail of spam, dodgy domains and hijacked Internet addresses leads back to a 37-year-old junk email purveyor in San Diego who was the first alleged spammer to have been criminally prosecuted 13 years ago for blasting unsolicited commercial email.
A number of readers have complained recently about having their Hilton Honors loyalty accounts emptied by cybercrooks. This type of fraud often catches consumers off-guard, but the truth is that the recent spike against Hilton Honors members is part of a larger fraud trend that’s been worsening for years as more companies offer rewards programs.
Many companies give customers the ability to earn “loyalty” or “award” points and miles that can be used to book travel, buy goods and services online, or redeemed for cash. Unfortunately, the online accounts used to manage these reward programs tend to be less secured by both consumers and the companies that operate them, and increasingly cyber thieves are swooping in to take advantage.
The Association of Certified Fraud Examiners today announced they have selected Yours Truly as the recipient of this year’s “Guardian Award,” an honor given annually to a journalist “whose determination, perseverance, and commitment to the truth have contributed significantly to the fight against fraud.”
The Obama administration recently issued an executive order requiring that federal agencies migrate to more secure chip-and-PIN based credit cards for all federal employees that are issued payment cards. The move marks a departure from the far more prevalent “chip-and-signature” standard, an approach that has been overwhelmingly adopted by a majority of U.S. banks that are currently issuing chip-based cards. This post seeks to explore some of the possible reasons for the disparity.
In an era when new consumer data breaches are disclosed daily, fake claims about data leaks are sadly becoming more common. These claims typically come from fame-seeking youngsters who enjoy trolling journalists and corporations, and otherwise wasting everyone’s time. Fortunately, a new analysis of recent bogus breach claims provides some simple tools that anyone can use to quickly identify fake data leak claims.
An odd new pattern of credit card fraud emanating from Brazil and targeting U.S. financial institutions could spell costly trouble for banks that are just beginning to issue customers more secure chip-based credit and debit cards.
In the interests of full disclosure: Sourcebooks, the company that on Nov. 18 is publishing my upcoming book about organized cybercrime, disclosed last week that a breach of its Web site shopping cart software may have exposed customer credit card and personal information.
Fortunately, this breach does not affect readers who have pre-ordered Spam Nation through the retailers I’ve been recommending — Amazon, Barnes & Noble, and Politics & Prose. I mention this breach mainly to get out in front of it, and because of the irony and timing of this unfortunate incident.
People who use Gmail and other Google services now have an extra layer of security available when logging into Google accounts. The company today incorporated into these services the open Universal 2nd Factor (U2F) standard, a physical USB-based second factor sign-in component that only works after verifying the login site is truly a Google site.
Multiple banks say they have identified a pattern of credit and debit card fraud suggesting that several Staples Inc. office supply locations in the Northeastern United States are currently dealing with a breach involving in-store customer transactions. Staples says it is investigating “a potential issue” and has contacted law enforcement.
