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Banks Use Machine Learning To Know A Crook's Using Your Card

You’re sitting at home minding your own business when you get a call from your credit card’s fraud detection unit asking if you’ve just made a purchase at a department store in your city. It wasn’t you who bought expensive electronics using your credit card — in fact, it’s been in your pocket all afternoon. So how did the bank know to flag this single purchase as most likely fraudulent?

Most Complex Cash Register Malware Ever Is Out To Steal Your Money And ID

A new kind of point-of-sale malware, which uses multiple layers of obfuscation and encryption to cover its tracks, has been identified by security researchers — and is being help up as the most complex software of its kind yet to be identified in the wild.

Ashley Madison Code Shows More Women And More Bots

After searching through the Ashley Madison database and private email last week, I reported that there might be roughly 12,000 real women active on Ashley Madison. Now, after looking at the company’s source code, it’s clear that I arrived at that low number based in part on a misunderstanding of the evidence. Equally clear is new evidence that Ashley Madison created more than 70,000 female bots to send male users millions of fake messages, hoping to create the illusion of a vast playland of available women.

How A Lotto Worker Tried To Rig A Jackpot With Self-Destructing Software

An ex-Lotto employee who tried to get rich by installing secret software onto the computer that picks Lotto winners has been convicted of fraud for trying to rig a $US14.3 million jackpot.

Toshiba's CEO Has Quit Over $US1.2 Billion Profit Scandal

Toshiba has announced that its CEO, Hisao Tanaka, is resigning because the company exaggerated its operating profits by a staggering $US1.2 billion over the past six years.

'Hornet's Nest Of Criminal Hackers' Destroyed By Feds 

It was the best place to find out the worst crimes you could commit online. Cybercrime forum Darkode has been shut down after “Operation Shrouded Horizon”, an international law enforcement raid that led to 70 arrests.

22 Official Complaints From People Who Got Royally Screwed On Airbnb

If you ever try to book a rental on Airbnb and the owner asks you to pay via wire transfer, don’t do it. Don’t even think about it. It’s a scam. It’s always a scam.

Feds Charged With Stealing Money During Silk Road Investigation

Two former federal agents who investigated the Silk Road, the infamous online drug marketplace seized by the FBI in 2013, have been charged for their own outrageous digital crimes, including stealing money they acquired on their druggie undercover assignment.

Inmate Walks Free After Emailing Release Instructions To Prison Staff

An inmate who was in prison for multiple charges of fraud is apparently up to his old tricks. Posing as a senior court clerk, Neil Moore, 28, used an illicit mobile phone to email fake bail instructions to prison staff, who released him. Well, that’s embarrassing.

Withdrawing Cash With A Smartphone Could Beat The Card Skimmers

The U.S. loses more money to card fraud than the rest of the world combined — something that’s mostly down to the magnetic stripes that make their cards incredibly hackable. Although more secure technologies are coming, they will require time and money to adopt. But one kindly Canadian bank has a secure system that only needs a smartphone and a QR code.

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