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An Email Scam Cost One Of Europe's Biggest Companies $59 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”.

Google's Paris Offices Raided Over Tax Fraud Allegations

Google’s offices in Paris have been raided by the police over investigations about tax fraud.

You'd Never Spot These Hidden Card Skimmers That Are On The Rise

Watch where you put your card. The ATM security organisation EAST has published a new report pointing out that the use of so-called Throat Inlay Skimming devices — which are hidden within the card slot — is rising.

Counterfeiters Have Been Painting Expired Olives To Sell Them

A sting operation in Italy has yielded an unlikely cache of loot: Over 85,000 tonnes of freshly painted green olives that police just seized from food counterfeiters.

Wendy's In The US Is Investigating A Credit Card Data Attack

Been eating at Wendy’s? You might want to check your credit card statements: the restaurant chain has admitted that it’s investigating a credit card data breach.

Gwyneth Paltrow's Goop Consults 'Fat Flush' Diet Quack About 'Mobile Phone Toxicity' 

Goop published an interview about “protecting yourself from wifi & mobile phone toxicity” yesterday with a nutritionist whose genre of “detoxification” diet advice has been called “tantamount to fraud” by an actual doctor.

Over 39,000 Cases Of Cybercrime Reported In Australia Last Year

Online fraud and scams make up 49 per cent of reports according to The Australian Cybercrime Online Reporting Network (ACORN).

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.

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