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U.S. citizens reported almost 290,000 cases of fraud in 2012, costing them more than $525 million, according to the U.S. Department of Justice’s clearinghouse for Internet-crime complaints. In its latest report published May 14, the Internet Crime Complaint Center (IC3) released data from the 290,000 complaints it received last year, about 40 percent of which resulted in some [...]
These days, ‘hacktivists’, cyber criminals and dreaded DDoS attacks (they’re bad – see definition below) can cause horrendous reputational damage, data loss and hurt the customer experience for businesses of all sizes. Recent high profile attacks such as Spamhaus and OpUSA have also shown just how vulnerable companies can be. It’s no longer enough to [...]
LONDON (Reuters) – Four British hackers who took part in 2011 cyber-attacks on targets ranging from the CIA to Sony were audacious, arrogant men whose motivation was “anarchic self-amusement”, a court heard on Wednesday. The men, who have pleaded guilty to a variety of offences, were members of the hacking collective LulzSec, which caused millions of dollars of [...]
NEW DELHI: The recent data theft by hackers from two Indian companies processing prepaid cards for several overseas banks, which led to a global fraud of 45 million dollars, has made India’s 100 billion dollar IT industry a primary target of spam, phishing and viruses. The security breach has reopened the debate on IT security norms followed by Indian firms and the [...]