• Identity theft costs rise overall, while costs per victim decline

    According to an article at Forbes, identity theft and related fraud were up considerably in 2009 with 11.2 million victims for an estimated cost of $54 billion U.S. dollars. In 2008, just under 10 million people were ripped off as a result of identify theft, for an estimated cost of $48 billion. Interestingly, the cost to individuals as a result of data breaches has declined from $498 in 2008… Read More

  • ATM hackers nicked $9 million in 30 minutes

    In a coordinated attack spanning 130 ATMs in 49 cities, a group of hackers managed to suck dry bank accounts totalling over $9 million, according to an admission by RBS Worldpay, a payment processing company that oversaw the accounts. The attack actually occurred in November, but the extent of the fraud was only revealed yesterday by some investigative reporting by — of all things… Read More

  • $50 for a lifetime of anonymous internet access: too good to be true? UPDATE: Yes

    VPN4Life is a new site that is promising a lifetime of private and anonymous access to the internet through their servers for a one-time fee of $50. Their mission statement is to “free the world from ISP monitoring, government restrictions, and capitalism’s growing influence on the Internet.” Pretty bold words there, but how else are you supposed to sell the lowest tier of… Read More

  • Japanese banks jam cell phones to prevent fraud

    Back in October, Japan suffered a spate of swindles executed by cell phone: con artists convince someone that their young son is in trouble and needs money. The banks got wise and started questioning elderly folk making large withdrawals. The con artists got wiser, and started directing the elderly victims to use ATM machines. The cops started patrolling ATMs, but that didn’t seem to work. Read More

  • How to spot e-vote tampering?

    Our permanent campaign marches on here in the U.S., with preparations for 2012 already well underway. To that end, some dude has asked proto-blog Slashdot what to look for when it comes to electronic vote fraud. (He’s an elections official, so he has some modicum of power to stop any shenanigans.) The suggestions are rich in thought and content. • Look for a paper trail. If… Read More

  • Retailer gets punk'd

    I’ve worked in retail so I know how shady some people can be when they try and return items, but I’ve never seen anything like this before. An Xbox 360 was returned one morning and the poor chump working was by himself and had no choice but to return the console because the thieving bastard had a receipt. He obviously didn’t inspect it well enough or else he would have found… Read More

  • Ghost Finder: induce skeptisism without any work

    This is a neat present for that person in your life who seems to have been swayed into submission by pictures of the Loch Ness monster and ghostly ladies at the side of the road. The point and shoot single-use camera adds a ghost into every picture so you don’t have to invest in film editing equipment to get that perfect shot of the Jersey devil. All the fame and fortune of being a… Read More

  • Former Apple CFO Told To Pay Up – Big Time

    When the SEC is on your back and you’ve been backdating stock options, you’re kind of in a tight situation. So when former Apple Chief Financial Officer Fred Anderson was offered a deal to pay back $3.5 million bucks plus a $150,000 fine, you can bet your iPod he took it. The charges date back to 2001 when Anderson was working for Apple and was granted multiple stock options that… Read More