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Tag: Financial Institutions

Ransomware Cashout Service Abuses US Betting Website

(Softpedia) Security expert Brian Krebs has identified a ransomware cashout service that abuses a feature integrated into a US-based betting website to allow cybercriminals to launder their illegally earned funds. Cybercriminals can make millions of dollars each year with the aid of ransomware, the malicious elements that lock up computers and keep them that way…
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Vietnam holds 8 who stole credit card info to filch $300 mln

(Tuoitrenews)After a 2-year investigation in coordination with the US and UK police, the Vietnamese police have seized eight members of a transnational criminal ring that stole credit card information and e-commerce information to appropriate hundreds of millions of dollars from their victims in many countries. Five of the eight criminals were arrested in Ho Chi…
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Seven charged in Costa Rica money-laundering scheme

NEW YORK (AP) – When an undercover agent posing as a new client sought to register at the currency transfer firm Liberty Reserve as “Joe Bogus” from “123 Fake Main Street” in “Completely Made Up City,” no one at the company based in Costa Rica objected. The same client recording digital currency transactions as “ATM…
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New Infographic Portrays Motives And Methods Of The Three Most Dangerous Types Of Hackers

(Dark Reading) WatchGuard Technologies, a global leader in manageable business security solutions, today released an infographic profiling three notorious, headlining categories of hackers posing the largest threats to today’s businesses. Between a recent breach that enabled hackers to steal money from ATMs, cyber espionage claims against China and denial of service (DoS) attacks on financial…
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Economic crime expert says U.S. Army Reservist who says he was bilked out of more than $25,000 while stationed in Afghanistan does have a case

UTICA, N.Y. (WKTV) – Suzanne Lynch is the Director of Utica College’s Economic Crime Management Masters Program. She says when she heard about the story we aired here on WKTV regarding a local U.S. Army Reservist who said he was bilked out of more than $25,000, it peaked her interest…read full article

Best Law Firm Writers Announced by the Burton Awards

ECI board member, Dr. Bradley Bondi, was recognized by the Burton Awards for Legal Achievement, as one of the thirty-five best law firm writers of 2012. The Burton Awards for Legal Achievement is a program that runs in association with the Library of Congress.  The winners are chosen from the entries submitted by the nation’s…
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