Tag Archives: Bancsec

Website Glitch Let Me Overstock My Coinbase

January 9, 2018

Overstock.com (NASDAQ:OSTK) just fixed a serious glitch in the Coinbase bitcoin payment section of its site that allowed customers to buy any item at a tiny fraction of the listed price. Potentially more punishing, the flaw let anyone paying with bitcoin reap many times the authorized bitcoin refund amount on any canceled orders.

Wireless Live CD Alternative: ZeusGard

July 16, 2014

I’ve long recommended that small business owners and others concerned about malware-driven bank account takeovers consider adopting a “Live CD” solution, which is a free and relatively easy way of temporarily converting your Windows PC into a Linux operating system. The trouble with many of these Live CD solutions is that they require a CD player (something many laptops no longer have) — but more importantly – they don’t play well with wireless access. Today’s post looks at an alternative that addresses both of these issues.

Hacked Inboxes Lead to Bank Fraud

March 13, 2012

Hacked and phished email accounts increasingly are serving as the staging grounds for bank fraud schemes targeting small businesses. The scams are decidedly low-tech and often result in losses of just a few thousand dollars, but the attacks frequently succeed because they exploit existing trust relationships between banks and their customers.

Last month, scam artists hijacked private email accounts belonging to three different customers of Western National Bank, a small financial institution with seven branches throughout Central and West Texas. In each case, the thieves could see that the victim had previously communicated with bank personnel via email.