Information Protection and Security

People often wonder what it takes to shut down a botnet. Here are the key steps, which apply to “traditional” botnets, which don’t rely heavily on peer-to-peer protocols for their command and control (C&C) implementation.
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Four men have been indicted in Georgia on charges that they hacked into the Atlanta-based bank card processing company RBS WorldPay. They allegedly used an army of flunkies to steal $9.5 million in cash from ATM machines around the world in a span of hours.

“Without the help of O’Hara and Perez, the Madoff fraud would not have been possible,” said George S. Canellos, the director of the S.E.C.’s New York Regional Office. “They used their special computer skills to create sophisticated, credible and entirely phony trading records that were critical to the success of Madoff’s scheme for so many years.”
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Federal prosecutors announced indictments against eight people in connection with the theft of more than $9 million from ATMs around the world.
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FBI says there's been a significant increase in fraud involving the exploitation of valid online banking credentials belonging to small and medium businesses, municipal governments, and school districts.
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When their data is leaked by a business, individuals are four times more likely to suffer identity theft, Javelin study says.

Customers of several banks and at least one credit union in southeastern Wisconsin, as well as one credit union in Hawaii, report receiving automated phone messages that appear to be coming from their institution, telling them their debit card has been compromised. It then prompts the customer to enter their card information.

Fake notification claims recipients financial institution has filed for bankruptcy, urges them to check the status of their deposit insurance coverage.
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