Cybercrime

According to US authorities, the enterprise aimed at becoming the premier destination for the buying and selling of stolen payment card data and forged identification documents. It is believed that the losses that the Infraud Organization had intended to cause were north of $2.2 billion.

A poorly-secured password reset utility allowed a man to access more than 1,000 email accounts at a New York City-area university in a hunt for sexually explicit photographs and videos.

US authorities have charged a 28-year-old Ohio man who is alleged to have created and installed creepy spyware on thousands of computers for 13 years.

Bitcoin, the progenitor of the entire cryptocurrency boom and still the most popular virtual currency, experienced a truly heady run-up in value. Its price surge was punctuated with a crescendo midway through December, when a single bitcoin approached $20,000.

A US judge has sentenced a Nigerian man to three years and five months in a federal prison after he pleaded guilty to taking part in a business email compromise scam that targeted organisations around the world.

The association expects the increased costs incurred in security breaches to come both from traditional areas, such as network cleanup and customer notification, and newer areas such as litigation.

Clarksons, the global shipping firm, has turned the tables on criminal hackers who attempted to extort a ransom payment after stealing confidential information from the company's network.

Exactly how does the attack work and is it expensive to create? The attack, while seeming to be technology voodoo, is actually rather simple. It requires a transmitting relay near the key and a second relay near the car to receive the relayed signals and mimic the key.

Image-hosting website Imgur discovered at the end of last week that hackers broke into its systems in 2014, and stole the account details of some 1.7 million registered users.