NEW YORK (AP) — Three of imprisoned financier Bernard Madoff's managers and two computer programmers played a "crucial role" in his mammoth fraud by helping him churn out fake documents to fool thousands of investors into thinking they were worth millions of dollars when he'd squandered their money for four decades, a prosecutor told jurors in closing arguments Wednesday.
Late in 2013, spider.io, a UK-based company dedicated to fighting advertising fraud, posted a video to its website. It shows a computer desktop with no programs running on it visibly, but which is infected by TDSS malware that is running 23 hidden windows, with fake cursor activity darting all over the page and clicking on ads at random....
The U.S. Department of Justice (DOJ) says it is considering loosening Computer Fraud and Abuse Act (CFAA), which has a controversial reputation for doling out disproportionately harsh sentences for electronic misdemeanors. Wired calls...Show More Summary
Ever since federal prosecutors used a controversial anti-hacking law to go after Internet activist Aaron Swartz, civil liberties advocates have been pressing for Congress to narrow the scope of the Computer Fraud and Abuse Act. Now, the Justice Department has signaled its openness to such a move. In congressional testimony this week, the agency said […]
Still unknown is how the malware that was used to carry out the theft got into Target’s computer system.
NEW YORK (Reuters) - Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks...
The case against Andrew "weev" Auernheimer is already crazy enough. He's been charged by the feds with a violation of the Computer Fraud and Abuse Act (CFAA) for finding a huge security hole created by AT&T. Still, a court found him guilty. Show More Summary
Shares of Textura (TXTR), which hosted software for construction companies to generate invoices, and other back-office functions, are down $5.98, or almost 16%, at $31.76, and fell as much as 21% earlier in the session, after the folks at Citron Research issued a report calling the company a fraud. Textura did a secondary stock offering in [...]
Huffington Post Reader Question Dear Steve, Tech School was a fraud. I attended Computer Career Institute at Johns Hopkins in 2003. After reading the Edward Snowden attended the same 'school' and it was found to be a fraud, my blood ran cold. You suggested in a post I just finished reading that the victim file for bankruptcy. Show More Summary
Some readers have asked me about the oral argument schedule in United States v. Auernheimer, the Third Circuit appeal I am working on pro bono involving charges under the Computer Fraud and Abuse Act. Unfortunately, the case is somewhat stuck right now. Show More Summary
(BERLIN) — German police say they have arrested two people and seized illegally generated bitcoins worth more than 700,000 euros ($950,000) in an investigation of computer fraud. The Federal Criminal Police Office said Wednesday it staged...Show More Summary
The National Fraud Intelligence Bureau (NFIB) is continuing to receive reports relating to Cryptolocker, a destructive malware that installs itself on your computer and holds your files to ransom by encrypting them. Following their original alert and subsequent awareness raising by the National Cyber Crime Unit (NCCU), the NFIB has seen an increase […]
Bitcoin, and other digital currencies such as Litecoin and Peercoin, will change the way we exchange money. But they come with a major flaw: they can also be used to turn infected computers into devices that "print" money.The beautyShow More Summary
One of these days, our bumbling Administration is going to get sued for big bucks by identity theft or credit-card fraud victims who got robbed after they were forced to use a crapware website the government knows is unsafe and insecure. Show More Summary
Today internet hacktivist Jeremy Hammond was sentenced to 10 years in prison for violating the archaic Computer Fraud and Abuse Act, the same law used against Aaron Swartz. In his statement Hammond claimed FBI informant Hector Xavier Monsegur a.k.a. Show More Summary
An activist, who pled guilty to violating the Computer Fraud and Abuse Act (CFAA) while hacking into the private intelligence firm, Stratfor, in May, will be sentenced in a federal court in New York tomorrow. Jeremy Hammond worked with Anonymous to hack into Stratfor and release information from the firm. The material was eventually by published by WikiLeaks.
Milan prosecutors ordered the seizure of a substantial batch of computer and telephone equipment from Apple's Italian HQ as part of an investigation into allegations of a one billion euro tax fraud. As L'Espresso reports, the allegations...Show More Summary
AP, Louis LanzanoFrom left: Daniel Bonventre, former director of operations at Bernard L. Madoff Investment Securities; and George Perez and Jerome O'Hara, former computer programmers for the firm. By LARRY NEUMEISTER and TOM HAYS NEW...Show More Summary
Principal sues parodying students, but an Oregon court dismisses the claim.