Ukrainian man pleads guilty to hacking, wire fraud charges

[ad_1] Credit: CC0 Public Domain A member of a sophisticated international hacking group that authorities say targeted businesses in 47 states to steal credit and debit card records pleaded guilty to hacking and wire fraud charges in Seattle. Fedir Hladyr, a 34-year-old Ukrainian, also agreed to pay $2.5 million in restitution as part of his […]

Twitter CEO hack highlights dangers of 'SIM swap' fraud

[ad_1] Losing control of one’s smartphone from ‘SIM swap’ fraud attacks can have potentially devastating consequences Even with considerable security precautions in place, Twitter chief executive Jack Dorsey became the victim of an embarrassing compromise when attackers took control of his account on the platform by hijacking his phone number. Dorsey became the latest target […]

How a simple change can protect crowdfunding backers from fraud

[ad_1] Credit: CC0 Public Domain Budding entrepreneurs with a business idea inevitably face the problem of finding financing. With the advent of crowdfunding platforms such as Kickstarter or Indiegogo—where the entrepreneur appeals to the masses to support the business venture—raising funds to get projects off the ground is getting easier. But crowdfunding also opens the […]

US charges 80 in internet fraud and money laundering scheme

[ad_1] The suspects—many of them Nigerian—allegedly preyed on the lovelorn, the elderly, and small and large businesses in their internet money scams US authorities on Thursday announced charges against 80 people, most of them Nigerians, in a wide-ranging fraud and money laundering operation that netted millions of dollars from victims of internet con jobs. Federal […]

German prosecutors charge former Audi boss with fraud over 'dieselgate'

[ad_1] Volkswagen has so far been hit with over 30 billion euros of costs relating to dieselgate German prosecutors said Wednesday they had charged former Audi chief executive Rupert Stadler with fraud over the Volkswagen subsidiary’s role in the “dieselgate” emissions cheating scandal. “Professor Rupert Stadler and three other defendants… are accused of fraud, falsifying […]