How online crooks are costing us billions of dollars

Friday, 9 November 2007, 12:42 PM EST

Somewhere in St. Petersburg, Russia's second city, a tiny start-up has struck Internet gold. Its dozen-odd employees are barely old enough to recall the demise of the Soviet Union, but industry analysts believe they're raking in well over $100 million a year from the world's largest banks, including Wells Fargo and Washington Mutual.

Their two-year rise might be the greatest success story of the former Eastern Bloc's high-tech boom - if only it weren't so illegal. But the cash may be coming from your bank account, and they could be using the computer in your den to commit their crimes.

At Mercury News.

[ Read more ]




Spotlight

Best practices for ensuring compliance in the age of cloud computing

Here are the major considerations organizations should incorporate into their compliance programs, as well as pitfalls that can be avoided to ensure businesses stay compliant while using cloud computing.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Thu, Sep 3rd
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //