Tag Archives: Fraud

Fake Malaysia Airlines links spread malware

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According to multiple reports, links promising resolution for the missing Flight MH370 are scams which spread malware. Videos with titles like “Malaysian Airlines missing flight MH370 found in Sea – 50 people alive saved” have spread through social media sites like Facebook and Twitter. Malware intelligence analyst Chris Boyd has… Read more »

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Five UK banks are to add ‘Mobile wallet’ to their apps

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Five UK lenders are to add a mobile payment facility called Zapp to their smartphone and tablet apps.It will allow their customers to pay for goods or services in shops or online without the need for cash or a credit card. The firm behind the tech – Vocalink – suggests… Read more »

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California escrow firm closes after detrimental cyberheist

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Efficient Services Escrow Group, a Huntington Beach-based escrow firm has been forced to close its doors and lay off its entire staff after hackers fraudulently wired funds on three separate occasions, stealing approximately $1.5m from the company. The first attack took place in December 2012 when nearly half a million… Read more »

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Britain is losing the war on cyber crime according to head of City of London Police

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Online fraud is rising “exponentially,” with the largest number of attacks originating from Eastern Europe and Russia. That’s according to Adrian Leppard, head of City of London Police, who admitted that the police were struggling to keep up with increasingly sophisticated internet criminals. Advisen reports that half of all fraud… Read more »

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Hackers walk away with $2.7m in Citibank breach

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Is it me or is it starting to feel like the Wild West around here? The news of major losses from hack attacks, the modern day “bank robbery”, just keep coming. This time its Citibank. Earlier this month, the bank announced that hackers stole the credit card details of more… Read more »

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IP theft tackled with new hub

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Following the recent government-backed study by the Office of Cyber Security (OCS) which estimated that the UK loses 27bn each year due to cybercrime, the Federation Against Software Theft (FAST) has backed the recommendation that a central hub for UK firms be developed for the reporting of cyber fraud. In… Read more »

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Claims of fraud brought against online dating company

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We all know that people embellish or neglect certain facts about themselves in the online dating arena. But completely fictional people with completely made-up profiles? That might be crossing the line. A group of plaintiffs who brought claims for fraud, amongst others, against a Canadian online dating website think so…. Read more »

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