With the eyes of the world trained on Brazil for the 2014 FIFA World Cup, it seems a fitting time to spotlight a growing form of computer fraud that’s giving Brazilian banks and consumers a run for their money. Today’s post looks at new research into a mostly small-time cybercrime practice that in the aggregate appears to have netted thieves the equivalent of billions of dollars over the past two years.
A fuel distribution firm in North Carolina lost more than $800,000 in a cyberheist this month. Had the victim company or its bank detected the unauthorized activity sooner, the loss would have been far less. But both parties failed to notice the attackers coming and going for five days before being notified by a reporter.
Talk about Patch Tuesday on steroids! Adobe, Microsoft and WordPress all issued security updates for their products yesterday. In addition, security vendor Tipping Point released advisories detailing 21 unpatched vulnerabilities in products made by CA, EMC, HP, Novell and SCO.… Read More »