Consumer Threats

'Tis the season for consumerization of IT

'Tis the season for consumerization of IT

With the holidays right around the corner, expect many workers to soon be returning from their breaks with shiny new personal devices, like an iPad, in hand -- and wanting to connect them to the corporate network. IT departments must have a response plan in place.

Banker trade group warns of phishing uptick

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Cybercriminals typically ramp up their phishing efforts during the holiday season and following natural disasters, according to the American Bankers Association.

Bitcoin currency exchange compromised, database stolen

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The largest Bitcoin currency exchange market, Mt.Gox, is currently offline after suffering a cyberattack that caused the market to crash.

New trojan aims to steal Bitcoin virtual currency

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Criminals are targeting the digital currency Bitcoin with new malware designed to steal victims' online wallets, several security firms warned this week.

Proposed legislation would reform digital privacy law

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A bill recently introduced in the U.S. Senate would update a 25-year-old digital privacy law to require authorities to obtain a court-issued search warrant before retrieving a person's email and other content stored in the cloud.

Feds probing Pandora's security of mobile apps

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Internet radio service Pandora has been served a federal grand jury subpoena related to an investigation into the security of its mobile applications, the company revealed this week in a filing with the U.S. Securities and Exchange Commission related to its planned initial public offering. Pandora said it was not the only target of the investigation and believed similar subpoenas were issued to many other smartphone app publishers. In addition to the subpoena, Pandora was recently named as a defendant in several class-action lawsuits alleging violations of computer fraud and privacy laws.

ID fraud incidents decline in 2010, but costs go up

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Incidents of identity fraud declined last year, thanks in part to fewer reported breached records, but the cost per incident rose, according to a new survey.

Hackers breach Nasdaq; trading systems not affected

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Nasdaq OMX, the company that runs the world's largest electronic stock exchange, said it detected suspicious files on its U.S. servers.

Valentine's Day-themed spam already rampant

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Users should begin readying themselves for an onslaught of Valentine's Day-themed attacks that seek to steal personal information or install malware.

DHS zeroing in on Vietnamese-based fraud ring

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Operation eMule is targeting a Vietnamese-based fraud operation believed to have duped U.S. retailers out of millions of dollars.

Senate votes to exempt lawyers, doctors from Red Flags

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Lawyers, doctors and accountants may avoid having to comply with the Federal Trade Commission's new identity theft rule.

FBI warns of SMS and phone-based phishing scams

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The FBI issued a warning on Wednesday about so-called "smishing" and "vishing" scams, which are likely to be prevalent this holiday season.

Scammers ready to pounce on Cyber Monday deal-hunters

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Social networking sites and search engines are expected to be hit hard as cybercriminals try to wrangle in unsuspecting holiday shoppers.

National Cybersecurity Awareness Month arrives

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The annual National Cybersecurity Awareness Month festivities kick off Monday, and a new public awareness campaign highlights this year's event.

Public-private awareness initiative developed

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A survey gauging public awareness over the need for internet safety and security confirms the need for a new national messaging campaign, according to two nonprofits.

New consumer privacy bill introduced in the U.S. House

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Reactions are mixed to a proposed U.S. House bill that would govern the collection, use and dissemination of consumer information and impose fines of up to $5 million for violators.

FTC bars software maker from enabling illegal spying

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The FTC is allowing a Florida company to continue selling its spyware software, but the maker must change its marketing and installation practices.

Storm Worm making comeback with new spam run

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Researchers at CA say they have detected a new variant of the Storm Worm, the infamous botnet best known for its spam-producing abilities, but which was effectively killed off more than a year ago.

U.S. businesses face skimming fraud increase

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Eastern European gangs are systematically conducting well-organized skimming attacks against U.S. consumers and businesses, according to a Gartner analyst.

Worries grow over safety of online transactions

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The number of consumers seriously concerned about the security of online transactions is at its highest level in three years, according to the latest Unisys Security Index, released Tuesday. In the biannual survey of 1,004 consumers, which measures how safe Americans feel regarding national, financial, internet and personal security, 20 percent of respondents were "extremely concerned" about shopping or banking online, up from 16 percent in September 2009. Another 23 percent said they are "very concerned." Meanwhile, identity theft and national security ranked as Americans' top worries, garnering serious concern from 64 and 65 percent of respondents, respectively. — AM

BitTorrent users targeted in new trojan extortion ploy

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Security experts warned on Monday that attackers are targeting users of BitTorrent, a file-sharing application, in a novel scam that attempts to panic them into spending cash to avoid fines and imprisonment.

N.Y. man gets 37 months for defrauding Schwab clients

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A New York man has been sentenced to three years in prison for participating in a scam to defraud Charles Schwab banking and brokerage customers.

Romanian police, FBI break up 70-strong eBay fraud ring

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Romanian law enforcement officials on Sunday arrested 70 individuals from three organized cybercrime groups that have reportedly been utilizing phishing and online auction scams to defraud consumers around the world.

Spammers use iPad craze to spread malware

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Opportunistic cybercriminals again are capitalizing on consumers' interest in the newly released Apple iPad to spread malware, according to internet security vendor SonicWALL. Researchers on Monday discovered a spam campaign propagating malicious emails, which appear to have been sent from a friend, inviting recipients to join a review group for the iPad. Clicking a link contained in the message causes malware to be downloaded that sends additional messages to individuals in an infected user's email contact list, according to SonicWALL. — AM

Finding solutions for the problem of consumerization.

Consumerization is the use of consumer targeted technology in the work environment. While it may not yet have reached fever pitch, there is a steady and growing awareness of the risks of a new trend in business computing: consumerization.

ID theft still on the rise, but victims respond faster

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Incidents of identity fraud and the total cost of fraud once again climbed last year, but consumers are becoming better equipped to respond to the occurrences of theft, according to a report released Wednesday by Javelin Strategy & Research.

Financial services firm notifies 1.2 million of breach

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Lincoln National Corp. (LNC), a Radnor, Pa.-based financial services organization, revealed early this month that a vulnerability in its portfolio information system could have caused the personal records of more than one million individuals to be inappropriately accessed.

Secure customer loyalty with the gift of data security

Secure customer loyalty with the gift of data security

Retailers need to check their list twice to ensure the proper security measures are in place.

Zeus spreading through drive-by download

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The Zeus trojan is using a new tactic to infect users' computers, security researchers are warning.

Experts expect exploits abound on Cyber Monday

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Cybercriminals have already begun to ramp up their exploits in preparation for Cyber Monday, one of the busiest online shopping days of the year.

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