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 $14.3 million jackpot. Read more...
An Estonian national has pleaded guilty in a US court to charges stemming from a cyber fraud scheme that infected millions of computers worldwide, US Attorney Preet Bharara said in a statement on Wednesday.
Matt Rourke/AP By JOYCE M. ROSENBERG NEW YORK -- New credit and debit cards with computer chips are putting the squeeze on small businesses. The cards being rolled out by banks and credit card companies are aimed at reducing fraud from counterfeit cards. Show More Summary
WASHINGTON (AP) — An immense hack of millions of government personnel files is being treated as the work of foreign spies who could use the information to fake their way into more-secure computers and plunder U.S. secrets. Federal employees...Show More Summary
The news from 56-year-old old outsourcing IT company Computer Sciences Corp keeps going from bad to worse. In the last year, it's suffered layoffs, filed a lawsuit against a CEO whose company it bought, and announced plans to split into two companies to combat falling revenues. Show More Summary
These are strange times for the 56-year-old IT giant, Computer Sciences Corp. CSC has filed a lawsuit accusing one of its star executives, Eric Pulier of fraud connected to an alleged bribery scandal in Australia. CSC is accusing Pulier — former CEO of ServiceMesh, which CSC bought — of making "authorized payments" to two Australian bank executives. Show More Summary
Imagine a computer that could sift through millions of financial transactions in real time to detect fraud or look for signs of insider trading, and do it exponentially faster than the most powerful computers in the world today. Read full article >>
Yesterday, we wrote about an important new bill, Aaron's Law, from Senators Ron Wyden and Rand Paul and Rep. Zoe Lofgren. It's a fix to many of the problematic aspects of the Computer Fraud and Abuse Act (CFAA). If you're unaware, the...Show More Summary
The controversial anti-hacking law called Computer Fraud or Abuse Act, or CF?AA, was passed more than 30 years ago, before the internet came into everyone’s life, and even before the first virus spread online. Yet the law has practically...Show More Summary
An Indian court has sentenced the founder of Satyam Computer Services to seven years in prison after finding him guilty of India’s biggest corporate fraud. ||| Anoop Agrawal and Sharang Limaye Mumbai An Indian court has sentenced the...Show More Summary
An Indian court sentenced Ramalinga Raju, the founder of Satyam Computer Services, to seven years in prison after finding him guilty of fraud in connection with a $1 billion accounting scandal.
Investigators say the ten officials including the founder of Satyam Computer Services cost shareholders over $2bn.
B. Ramalinga Raju, the founder of the computer services company that collapsed in 2009, and two of his brothers were among those convicted of defrauding shareholders.
The FBI said that a NYPD officer was charged on Tuesday over a scheme to hack into a restricted NYPD computer and other sensitive law enforcement databases to enrich himself through fraud.
Apps, these tiny programs on Internet-connected mobile phones are increasingly becoming entryways for surveillance and fraud. Computer scientists have now developed a program that can show users whether the apps on their smartphone are accessing private information, and what they do with that data.
We've discussed for years how broken the CFAA (Computer Fraud and Abuse Act) is. The law, which was written many years ago, is problematically vague in certain areas, allowing prosecutors to claim that merely breaking a terms of service...Show More Summary
If you haven’t yet received a new credit card, the kind with a computer chip visibly embedded in it, you soon will. Card issuers are quickly distributing them to curb credit card fraud. The little integrated circuit on the front, whose encryption capability makes it nearly impossible to copy or...
The Computer Fraud and Abuse Act, or CFAA. The federal government's case against Barrett Brown creates a very real chilling effect for other journalists who, like Brown, produce work that deals with hacking and hacktivists. Read the rest
A proposed alteration to the Computer Fraud and Abuse Act (CFAA) from the Department of Justice would turn the dissemination of any information or passwords that could be used to compromise a protected computer into a crime—including those horrendous "worst password" lists. Show More Summary
Why New Credit Cards May Fall Short on Fraud Control This year, firms are expected to roll out more than a half-billion new credit cards embedded with computer chips that create a unique code for each transaction, making counterfeiting much more difficult. In a retreat for the industry, however, the new cards don’t use some […]