ICSTIS, the body that regulates premium rate phone numbers in the UK, recently received about 50,000 complaints from PC users who claimed that secret Trojan software had changed their internet dial-up settings to connect automatically to premium rate phone numbers.
ICSTIS concedes this was only the tip of an...
If 2005 was the year that identity theft became a household word, 2006 will be the year that banking institutions, the principal targets of most frauds, put in the necessary safeguards to ensure they can't happen.
The ease with which identity thefts were perpetrated, from stealing credit card or shoulder surfing...
The rising number of phishing attacks involving the hijacking of the brands of financial institutions poses a genuine threat to the integrity of the financial system. Fortunately, there exist defenses to deter attacks or to render them harmless. Some of these employ technology to foil would-be scammers, and other...
This publication is not from one of the Federal or State Banking Agencies, but given our extremely diverse audience, this will be of interest to organizations and individuals responsible for developing and maintaining security plans and programs.
The objective of system security planning is to improve protection of...
Phishing scams—the use of fake E-mails to dupe people into yielding up their account numbers and passwords—is on the rise. Hijacking brand names of banks, e-retailers and credit card companies, phishers often convince recipients to respond. Technical subterfuge schemes plant crimeware onto PCs to steal...
Who knows? Maybe two and three–factor authentication will become a thing of the past and five–factor authentication will take its place. The same issue with encryption has been encountered over the years. With this example in mind, does it make sense for law to be involved in the technological details?...
Nearly a quarter of PC users are targeted by monthly phishing attempts, according to a national study of online security.
Phishing is, of course, the practice of sending bogus but authentic-looking e-mails, purportedly from a trusted organization, to consumers in hopes of tricking them into revealing personal...
Determining if a candidate possesses the skills necessary to fill an information security position effectively before hiring him/her is not a trivial task. There are many methods one can use to gauge the effectiveness of a candidate's background.
It is important to note that for some positions, it might be very...
Andrew Miller- BankInfoSecurity.com Editor
The year 2005 will likely go down in history as the year of the data security breach. It was a year in which CardSystems Solutions Inc. revealed a security breach that exposed data on potentially more than 40 million payment-card accounts. DSW Shoe Warehouse disclosed the...
"Botnet" Investigation Led by U.S. Secret Service’s Electronic Crimes Task Force and the Computer
Hacking and Intellectual Property Unit of the U.S. Attorney’s Office
SAN JOSE – United States Attorney Kevin V. Ryan announced that Anthony Scott Clark, 21, of Beaverton, Oregon, pleaded guilty...
The United States Attorney for the Northern District of California announced that Suibin Zhang, 37, of San Jose, California, was charged late yesterday by a federal grand jury in San Jose in a nine-count indictment alleging computer fraud; theft and unauthorized downloading of trade secrets; and the unauthorized...
Caused As Much As $20 Million in Losses to Software Industry
WASHINGTON, D.C.—The owner of one of the largest for-profit software piracy websites to operate in the United States has pleaded guilty to operating a software piracy website, Assistant Attorney General Alice S. Fisher for the Justice Department's...
Internet-related crime,
like any other crime, should be reported to appropriate law enforcement investigative
authorities at the local, state, federal, or international levels, depending
on the scope of the crime. Citizens who are aware of federal crimes
should report them to local offices...
Marcia Wilson- BankInfoSecurity.com Editor
In the year 2005, there were over 53 million individuals affected by security breaches wherein their personal information was compromised. The ChoicePoint incident was considered one of the first highly publicized events where notification to the individuals affected was...
Andrew Miller - BankInfoSecurity.com Editor
In October, the Federal Financial Institutions Examination Council (FFIEC) issued guidance for authentication in the Internet banking environment. Financial institutions are expected to achieve compliance by year-end 2006. The guidance states: "The agencies consider...
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