Tuesday, April 14, 2009
Our Ears May Have Built-In Passwords
You are the victim of identity theft and the fraudster calls your bank to transfer money into their own account.
Wednesday, April 1, 2009
Web 2.0 Expo: PayPal Says Online Fraud Rising in Recession
EBay’s PayPal kicked off the Web 2.0 Expo in San Francisco Wednesday with a frightening presentation on the “arms race” between online fraudsters and online retailers and shoppers.
Online fraud is becoming so lucrative, said Katherine Hutchison, PayPal’s senior director of global risk management, that it has developed into an industry with specialized players that hire each other in areas such as harvesting credit card numbers and freight forwarding. “A single professional thief doesn’t have to have all of the skills needed to commit fraud,” she said.
The Worm That Ate the Web
Last week, I pulled out my Internet cable, unplugged my USB drives, and searched my Windows machine for Conficker, the astounding computer worm that threatens to wreak global havoc once its latest version begins to phone home for further instructions on April 1. Well, maybe: While security researchers warn that the worm’s creators may be planning on conducting fraud or even “information warfare” aimed at disrupting the Internet, nobody knows what terrible deed Conficker will ultimately pull off.
Thursday, January 22, 2009
Facebook Slow to Respond to Phishing Scam
The latest phishing scam on Facebook has raised the question yet again as to whether the social-networking site is dropping the ball on security measures and properly responding to privacy complaints.
Facebook faced consumer fraud charges in 2007 for allegedly responding too slowly to user complaints about harassment, pornography or nudity from the social-networking site. The probe into the company’s safety procedures by New York state Attorney General Andrew Cuomo resulted in a settlement requirement that Facebook respond to such complaints within 24 hours.
Monday, August 4, 2008
DISH Shares Swoon as Subs Leave, Churn Spikes
DISH Network (DISH) shares are down sharply this morning after the satellite TV company reported some disturbing subscriber data for Q2.
For the quarter, the company posted revenue of $2.91 billion, right in line with expectations, and profits of 75 cents a share, nicely above the Street consensus at 60 cents.
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