A rash of major breaches in recent years proves that your credit card information is hardly safe. But a recent heist in Japan shows that hackers are getting scary good at turning that data into cold hard cash. In this case, coordinated ATM withdrawals with cloned credit cards netted criminals $12.7 million in just two…
Before you light your wallet on fire, let’s clarify something: the rollout of chip-enabled cards is going to help prevent fraud in the long run. But for merchants that are yet to get their shit together, the move away from magstripe is actually causing problems.
Watch where you put your card. The ATM security organization EAST has published a new report pointing out that the use of s0-called Throat Inlay Skimming devices—which are hidden within the card slot—is rising.
A sting operation in Italy has yielded an unlikely cache of loot. Over 85,000 tons of freshly painted green olives were seized by police from food counterfeiters.
Been eating at Wendy’s? You might want to check your credit card statements: The restaurant chain has admitted that it’s investigating a credit card data breach.
If you’ve shopped at Safeway in California or Colorado recently, you may want to check your bank accounts. The supermarket chain has admitted that it’s investigating card skimming attacks at several of its stores in those states.
A new kind of point-of-sale malware, which uses multiple layers of obfuscation and encryption to cover its tracks, has been identified by security researchers—and is being help up as the most complex software of its kind yet to be identified in the wild.
You’re sitting at home minding your own business when you get a call from your credit card’s fraud detection unit asking if you’ve just made a purchase at a department store in your city. It wasn’t you who bought expensive electronics using your credit card – in fact, it’s been in your pocket all afternoon. So how did…
After searching through the Ashley Madison database and private email last week, I reported that there might be roughly 12,000 real women active on Ashley Madison. Now, after looking at the company’s source code, it’s clear that I arrived at that low number based in part on a misunderstanding of the evidence. Equally…
An ex-Lotto employee who tried to get rich by installing secret software onto the computer that picks Lotto winners has been convicted of fraud for trying to rig a $14.3 million jackpot.
Toshiba has announced that its CEO, Hisao Tanaka, is resigning because the company exaggerated its operating profits by a staggering $1.2 billion over the past six years.
It was the best place to find out the worst crimes you could commit online. Cybercrime forum Darkode has been shut down after “Operation Shrouded Horizon,” an international law enforcement raid that led to 70 arrests.
Ferdinand Waldo Demara Jr. lived for 60 years, and spent most of them pretending to be someone else. Or someones else, really; the man who came to be known as “the Great Imposter” adopted at least 10 identities, including a year-long stint as a (self-taught!) trauma surgeon during the Korean War.
How do you spot—and then stop—scientific fraud? Simple, you just follow the math. Nautilus has a piece on how the researcher with the most retractions ever (183!) was finally caught. The story not only includes plenty of sick science burns, it also details a statistics-based procedure to catch future frauds.
If you ever try to book a rental on Airbnb and the owner asks you to pay via wire transfer, don’t do it. Don’t even think about it. It’s a scam. It’s always a scam.
The only thing that sucks worse than doing taxes is a hacker stealing your identity, doing your taxes for you, and then depositing your return in a random bank account, where it can later be transferred to Nigeria. Sound impossible? It's not, according to the story of an unlucky man named Michael Kasper.
Two former federal agents who investigated the Silk Road, the infamous online drug marketplace seized by the FBI in 2013, have been charged for their own outrageous digital crimes, including stealing money they acquired on their druggie undercover assignment.
An inmate who was in prison for multiple charges of fraud is apparently up to his old tricks. Posing as a senior court clerk, Neil Moore, 28, used an illicit mobile phone to email fake bail instructions to prison staff, who released him. Well, that's embarrassing.