Tagged With fraud
Donald Trump's former "university" has been accused of bilking students out of their hard-earned cash. The man himself was supposed to appear in court later this month to face the charges, but it looks like we won't see the President-elect testify. Reuters is now reporting that Trump University and the plaintiffs have reached a settlement of $US25 million ($34 million).
Earlier this month, Leoni AG, one of the world's largest manufacturers of wires and electrical cables, informed investors that the German company lost almost 40 million euros (or about $59.3 million) to online scammers. Today, we finally know how: According to investigators, the thieves simply spoofed emails to look like official payment requests, a tactic known as "CEO fraud".
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?
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.
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.
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.
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.
A man under house arrest for faking an ownership stake in Facebook is missing after rigging up an elaborate contraption to make it look like he was still in his home.