Yearly Archives: 2015

Don’t Be a Victim of Tax Refund Fraud in ’16

December 14, 2015

With little more than a month to go before the start of the 2016 tax filing season, the IRS and the states are hunkering down for an expected slugfest with identity thieves who make a living requesting fraudulent tax refunds on behalf of victims. Here’s what you need to know going into January to protect you and your family.

The Role of Phony Returns in Gift Card Fraud

December 10, 2015

On any given day, there are thousands of gift cards from top retailers for sale online that can be had for a fraction of their face value. Some of these are exactly what they appear to be: legitimate gift cards sold through third-party sites that specialize in reselling used or unwanted cards. But many discounted gift cards for sale online are in fact the product of merchandise return fraud, meaning consumers who purchase them unwittingly help thieves rob the stores that issued the cards.

Adobe, Microsoft Each Plug 70+ Security Holes

December 8, 2015

Adobe and Microsoft today independently issued software updates to plug critical security holes in their software. Adobe released a patch that fixes a whopping 78 security vulnerabilities in its Flash Player software. Microsoft pushed a dozen patch bundles to address at least 71 flaws in various versions of the Windows operating system and associated software.

When Undercover Credit Card Buys Go Bad

December 7, 2015

I recently heard from a source in law enforcement who had a peculiar problem. The source investigates cybercrime, and he was reaching out for advice after trying but failing to conduct undercover buys of stolen credit cards from a well-known underground card market. Turns out, the cybercrime bazaar’s own security system triggered a “pig alert” and brazenly flagged the fed’s transactions as an undercover purchase placed by a law enforcement officer.

OPM Breach: Credit Monitoring vs. Freeze

December 2, 2015

Many readers wrote in this past week to say they’d finally been officially notified that their fingerprints, background checks, Social Security numbers, and other sensitive information was jeopardized in the massive data breach discovered this year at the Office of Personnel Management (OPM). Almost as many complained that the OPM’s response — the offering of free credit monitoring services for up to three years — won’t work if readers have taken my advice and enacted a “security freeze” on one’s credit file with the major credit bureaus. This post is an attempt to explain what’s going on here.

DHS Giving Firms Free Penetration Tests

December 1, 2015

The U.S. Department of Homeland Security (DHS) has been quietly launching stealthy cyber attacks against a range of private U.S. companies — mostly banks and energy firms. These digital intrusion attempts, commissioned in advance by the private sector targets themselves, are part of a little-known program at DHS designed to help “critical infrastructure” companies shore up their computer and network defenses against real-world adversaries. And it’s all free of charge (well, on the U.S. taxpayer’s dime).

Gas Theft Gangs Fuel Pump Skimming Scams

November 30, 2015

Few schemes for monetizing stolen credit cards are as bold as the fuel theft scam: Crooks embed skimming devices inside fuel station pumps to steal credit card data from customers. Thieves then clone the cards and use them to steal hundreds of gallons of gas at multiple filling stations. The gas is pumped into hollowed-out trucks and vans, which ferry the fuel to a giant tanker truck. The criminals then sell and deliver the gas at cut rate prices to shady and complicit fuel station owners.

Security Bug in Dell PCs Shipped Since 8/15

November 24, 2015

All new Dell laptops and desktops shipped since August 2015 contain a serious security vulnerability that exposes users to online eavesdropping and malware attacks. Dell says it is prepping a fix for the issue, but experts say the threat may ultimately need to be stomped out by the major Web browser makers.