fraud

Report: A Flaw In Visa's Contactless Card Lets Anyone Charge It $US999,999

Contactless credit cards are a hit in the UK. But a British research team has revealed a serious security flaw that allows anyone to charge up to $US999,999.99 in foreign currency to a nearby card, even while it’s still in a wallet or purse.


You Can Buy Fake University Email Accounts For As Little As 16 Cents

Want to pretend you went to the Ivy League? If you have some money and know how to log onto China’s version of eBay, Taobao, it’s not so hard. It is, however, illegal.


Beware Crooks Stealing Your Card Details At Car Washes

There’s a new trend sweeping the credit card fraud business, and it takes the concept of money laundering quite literally: Criminals are swiping card details from car washes.


Signifyd Checks Your Tweets To Make Sure Your Spending Spree's Legit

When it works right, fraudulent charge detection is great. But sometimes businesses mistakenly freeze your legit purchases — usually when you’re travelling somewhere far-flung and can’t easily straighten things out. Signifyd, launched today, hopes to fix that by watching your social media to see when you’re really on a Caribbean shopping spree.


Pirate Bay Co-Founder Charged With Hacking And Fraud In Sweden

Pirate Bay cofounder Gottfrid Svartholm Warg has been charged on suspicion that he hacked into a variety of companies, as well as fraudulently withdrawing money from the Swedish Nordea bank. Prosecutors claim he — along with three others — hacked IBM mainframes belonging to tax firm Logica and the bank.


How The CSIRO Allegedly Ripped Off A Major Pharmaceutical Company

I love the CSIRO. You probably do, too. I love the idea of a group of really smart people coming together to further our collective knowledge, so to hear that the organisation is being accused of deliberately misleading a major pharmaceutical company by reportedly selling it simple chemicals masked as a complex, in-house anti-counterfeiting technology is something that can take a bit of getting used to. Here’s how it all allegedly went down.


ATM Skimming Is Now Prolific On Payment Terminals And Ticket Machines

ATM skimming has become an art in recent years, with the devices that crooks use becoming ever more sophisticated. But fraudsters are broadening their reach, with payment terminals and ticket machines now just as much targets as ATMs.


One Day Your Credit Card Will Recognise Your Signature

A signature-based security approach is only effective if a cashier actually checks what’s scrawled across the back of a credit card. Even then there’s still plenty of opportunity for fraud. One day, your credit card might be capable of spotting a forged signature.


Two For One: Amazon's Socially Engineered Replacement Order Scam

You may recall that Amazon was implicated as the weak link in the Mat Honan iCloud hack, wherein a gadget blogger had his entire online identity nuked from orbit because Amazon gave up the secondary identifying information necessary to issue a password reset over at Apple. I’m sad to say that Amazon has clearly not improved their authentication protocols in any meaningful way, but this time it’s hurting them directly.


Try These Criminal Tricks to Stalk Yourself: It’s Seriously Creepy

A new report out from security company ALLOW shows all the tricks that identity thieves use to stalk their victims. None of it’s particularly sophisticated, but holy hell is it creepy.