Information Protection and Security

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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'Opachki' Trojan hijacks links for cash and deletes Zeus malware from the infected machine.

Cyber criminals have stolen at least $40 million from small to mid-sized companies across America in a sophisticated but increasingly common form of online banking fraud, the FBI said this week.

Cyber criminals have stolen at least $40 million from small to mid-sized companies across America in a sophisticated but increasingly common form of online banking fraud, the FBI said this week.

The head of the FBI has stopped banking online after nearly falling for a phishing attempt.
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The amount of fraud being committed on plastic cards across the country fell in the first half of the year, industry body Financial Fraud Action UK says.

Online banking fraud increases 132 percent as cybercriminals shift tactics.

'URLZone' calculates how much money to steal from a victim's account without raising suspicion.
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Google has resolved a lawsuit from a US bank that accidentally sent 1,300 confidential tax IDs to an innocent Gmail account, but not before the web giant complied with a court order to shutdown the account and disclose certain account info.

IDG News Service - A construction company in Maine is suing its bank after about $588,000 disappeared from its accounts, alleging the bank failed to spot suspicious account activity before it was too late.