ISR News: Online Fraud Up 33% in 2008
Excerpts From CIO.com
2008 was the busiest year yet for online fraudsters according to an annual Internet Crime Report released Monday by the U.S. Federal Bureau of Investigation. The FBI’s Internet Crime Complaint Center (IC3) logged more than 275,000 complaints last year — a jump of 33 percent from the year before — accounting for about US$265 million dollars worth of losses, according to the center’s 2008 Internet Crime Report.
ISR News: Beware of Conficker Scams
Excerpts From CIO.com
Google’s search rankings are being stuffed with links to fake security software that purports to remove Conficker, a widespread worm that’s currently the Internet’s number one security threat, but doesn’t. Certain search terms will bring up a host of Web pages that could either infect a PC with malicious software or try to sell a dodgy security program, said Rik Ferguson, senior security advisor for the vendor Trend Micro.
ISR News: Symantec Suffers Data Breach
Excerpts From CIO.com
IDG News Service — Symantec is warning a small number of customers that their credit card numbers may have been stolen from an Indian call center used by the security vendor.
DHS Releases Conficker Worm Detection
From DHS.com
The U.S. Department of Homeland Security (DHS) announced today the release of a DHS-developed detection tool that can be used by the federal government, commercial vendors, state and local governments, and critical infrastructure owners and operators to scan their networks for the Conficker/Downadup computer worm.
ISR News: 19,000 Credit Cards On Google
Excerpts From PC Advisor
The credit card details of 19,000 Brits that shopped online were freely available on Google, it has been revealed. Anyone using the search engine could have easily accessed not only the name and addresses of thousands of Visa, Mastercard and American Express card holders, but also the full card details too.
ISR News: Payments Fraud Rampant in US
Excerpts From Finextra.com
Over 70% of US firms were victims of attempted or actual payments fraud in 2008, according to a survey from the Association for Financial Professionals (AFP). The JP Morgan Treasury Services sponsored survey of 629 corporate treasury and finance professionals found that large organisations were more likely to have experienced payments fraud.
ISR News: Cyber Spy Network Exposed
Excerpts From BBC News
An electronic spy network, based mainly in China, has infiltrated computers from government offices around the world, Canadian researchers say. They said the network had infiltrated 1,295 computers in 103 countries. They included computers belonging to foreign ministries and embassies and those linked with the Dalai Lama - Tibet’s spiritual leader. There is no conclusive evidence China’s government was behind it, researchers say. Beijing also denied involvement.
ISR News: Unemployment Boosts Cybercrime
Excerpts From CIO.com
I wondered how many of those were IT people and what percentage might turn to cyber crime. The BLS only obliquely breaks out what could represent IT workers as “professional and technical services.” Not surprisingly, manufacturing bore the brunt of February’s layoffs accounting for 47% of the unemployment claims, but IT folks could represent a small piece in all the 19 industry sectors that BLS follows.
Is Heartland/WorldPay Suspect in Custody?
By Anthony M. Freed, Information-Security-Resources.com Financial Editor
Authorities investigating the RBS WorldPay breach, as well as the breach at Heartland Payment Systems, have used similar language to describe an international conspiracy that is targeting multiple financial institutions. Based on these similarities, it seems highly likely that Tenenbaum and his cohorts may indeed be the culprits behind a rash of major information security breaches that have the Payment Card Industry pointing fingers and attempting to dodge responsibility for security compliance.
ISR News: Wells Fargo Closes With First Data
Excerpts From Finextra.com
First Data has extended its merchant alliance joint venture with Wells Fargo for five years, the US payments processor revealed today in its full year earnings statement. As part of the deal, First Data has sold 12.5% of the membership interests in the Wells Fargo Merchant Services venture to the bank for an undisclosed cash consideration. Wells now owns 60% of the company, with First Data holding 40%.
