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Articles tagged with: banking

Regulators Request Banks To Improve Network Security

US financial regulators have asked that all banks do their best to boost network security after companies have gone through a flurry of cyber attacks. The Federal Financial Institutions Council recommended that banks perform regular risk assessments as well as keeping customers informed about any online banking security issues.

The Council urged that all banks demand more than one form of customer authentication since hacking often occurs via keyloggers, where passwords are stolen on personal computers.

Facebook Hoax Spreading Like Wildfire

Unfortunately, some people take advantage of hacking frenzies like the ones we’ve been facing, to create hoax threats and scares because they know that contextual cues will help the hoax be believable.

It doesn’t help that the media preys on fear of its viewers, because fear sells. People innately seek to be fearful of something because it has been beneficial to the survival of our ancestors, and thus, we carry the same trait.

LinkedIn India Reaches 10 Million Users

Social and job networking, LinkedIn has just announced that they have reached 100 Million users globally. Of those 100 million users, 33.4 million users are from the United States, and India has just reached its “10 million users” milestone.

While traditional job networking sites such as Monster and Naukri slowly fall behind, LinkedIn is receiving a growing awareness amongst Indians and it appears to be THE place to network in the white collar realm.

Xbox Live Hacked- 60,000+ Accounts Leaked

The name you all should know by now, LulzSec, has just hacked Xbox Live and has exposed over 60,000 Xbox Live gamertags, passwords, and even PayPal information. The information was taken down from forums multiple times, but it keeps getting posted.

If you use Xbox Live or Paypal, I recommend changing your password on both platforms, as well as your bank account, immediately. World Of Warcraft usernames and passwords were also stolen.

Your Money Is No Longer Safe At The Bank

According to newser, hackers managed to steal over $300,000 from a client’s Ocean Bank account, but according to a Maine judge’s ruling, the bank is not responsible. The judge understood that the bank didn’t follow the best security practices, but rules that the customer should have done more to protect the account. What?! Did a judge just blame the customer for choosing to trust a bank with his money?

The hackers got access to Patco Construction (the victims) Company’s banking credentials by sending a malicious e-mail to employees and then installing a password-stealing Trojan.

Want A Personal ATM In Your Home For Less Than $50?

Have you ever cared to see what a “piggy bank” might look like these days? Don’t worry, there is no reference to Angry Birds here! It looks like this generation of kids will get a significant amount of ATM depositing and withdrawing experience with this new “Personal ATM.” The Personal ATM (as the name hints), works very similar to a bank’s ATM.

There is one feature, however, that proves to be a bit more useful than a real ATM. Users will be able to set a target date or a target amount of money, so you won’t be too tempted to splurge your savings. Of course, whatever money you have in that machine will not generate interest, unfortunately.

Massive Botnet Taken Down After Ten Years Of Mayhem

After ten years, the U.S. has finally killed a botnet that has spread a continually evolving virus known as “Coreflood.” The botnet first became active in 2001 and has steadily infected computers finally reaching a number of 2 million computers worldwide, with the assistance of malware. Coreflood has stolen a total near 100 million dollars worldwide from both businesses and consumers. The botnet of course is a group of infected machines that “work together” to steal personal data from other users. The botnets can also be programmed to send malicious files, spam, and phishing e-mails to targeted computers. The creators of the botnet used Coreflood to steal information and conduct thousands of fraudulent banking and wire transfers. Some individuals lost as much as $240,000 in the scam.

UK eCrime Unit Arrest Men in “SpyEye” Plot

United Kingdom police arrested three men late last week who were tied with the SpyEye malware program that steals banking details. Two of the three men were charged on Friday and appeared in Westminster Magistrates Court in London on Saturday. Of the two, 26 year-old Paul Cyganoc, a Lithuanian living in Birmingham, England was charged with “conspiracy to cause unauthorized modifications to computers, conspiracy to defraud and concealing proceeds from crime.”

The other man, Aldis Krummins was a 45 year-old Latvian living on Goole, England and was charged only with conspiracy to defraud and concealing proceeds of crime. The third man was also 26 years old and whose nationality was not disclosed. He was released by police on bail but is required to…