Computer fraud hits companies

Thursday, 6 June 2002, 11:15 AM EST

Accountants Ernst and Young revealed yesterday that one of the firms lost €80,000 over the St Patrick's Day weekend.

The growing crime, called Telco fraud, has cost companies worldwide billions of dollars.

Michael Harris of Ernst and Young told RTE: "The phone systems have a modem and people can dial into that modem from their PC and when they type in a password they have full access to the telephone system and they can change anything they want.

[ Read more ]

Related items




Spotlight

Why vulnerability disclosure shouldn’t be a marketing tool

Brian Honan, CEO at BH Consulting, talks about a recent vulnerability disclosure trend – a trend that he believes may ultimately cause more harm than good: security vendors using vulnerability disclosure as a marketing tool with the goal of enhancing their company’s bottom line.


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

Wed, Jul 1st
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //