Daily deal website LivingSocial suffered a data breach compromising emails, passwords and more information for most of the site’s users resulting in the site requiring user’s to reset their passwords. Read More
Study Finds Facebook ‘Likes’ Can be Used to Determine Demographic and Personal Information
While many social media users have become more aware of privacy issues and have made their profiles private, a recent academic study has found that what people ‘Like’ on Facebook can tell a lot about them. Unlike profile information, Facebook ‘Likes’ are less likely to be made private and are then publicly visible to everyone.
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Fraudsters Target New Zealand Auction Site to Recruit Money Mules
Fraud rings have been trying to increase their membership as they have targeted users of the New Zealand auction website Trade Me with a multi-step scam, taking over sellers’ accounts and using them to recruit money mules. Read More
Failure to Conduct Proper Email Notifications on Account Usage and Account Changes Costs one Bank over $400,000
Many online merchants today focus their risk management efforts on preventing the fraudulent use of credit cards, with the assumption that account takeover risk is a minimal and acceptable risk. While account takeover risk may be less of concern for these companies, failure to employ reasonable security standards to protect their customer’s stored billing instruments
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Consumers use Weak Passphrases too
An easier-to-remember alternative to passwords, passphrases are a sequence of random words that should provide more security than a password because of the longer string of characters. Recent research has found, however, that passphrases often mimic naturally occurring language making them not as secure as once thought. Read More
Identity Fraud Increasing in the UK
A recent report from CIFAS, a membership association focused on fraud prevention in the UK, found that incidences of identity fraud greatly increased in 2011 and that identity fraud made up more than half of all fraud in the region. Read More
Fraudster Steals Identity Information Over Open Wi-Fi Networks
A Georgia man is being charged with identity fraud, computer trespassing, forgery and invasion of privacy after perusing affluent neighborhoods for open Wi-Fi connections to steal identity information from unsuspecting consumers using their home networks. Read More
Google Wallet Faces Security Concerns
A web security firm recently uncovered and made public the fact that they were able to gain access to the Google Wallet application by decrypting the hashed PIN. Read More
Father-Son Fraud Team Had Multitude of Scams
Vladimir Zdorovenin was recently extradited to the United States on multiple charges after spreading malware and perpetrating various scams with a co-conspirator, his son, who is still at large. Read More
Zappos Suffers Data Breach, Now Faces Class Action Suit
Zappos, the large online shoe retailer owned by Amazon, announced a data breach on January 15th compromising 24 million consumer records. Not many days later a civil negligence suit was filed against Zappos and parent company Amazon while lawyers seek to make it a class action law suit on behalf of all the data breach
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