E-Commerce News: Internet Fraud

The Art of Data Management Compliance, Part 3: Executing Processes

Monday - April 28, 2008

Data management rules and regulations have become a major concern for businesses, due in large part to increasing oversight that often requires organizations to invest in new technologies in order to address compliance issues. However, the promise of enterprise technologies as a solution to the demands of data management compliance will go unmet absent a context of sound policy and strategic planning. "The biggest challenge for managing data is that data and processes are 'invisible,'" said Gwen Thomas, president of the Data Governance Institute. [More...]

The Art of Data Management Compliance, Part 2: Guarding Against Theft

Sunday - April 27, 2008

Identity theft, a cyber-crime causing inestimable damage for scores of ordinary citizens, has prompted passage of the federal FACT Act Identity Theft Red Flags Rule, issued this year. Part of the 2003 Fair and Accurate Credit Transactions Act, the rule aims to combat the scourge of identity theft, which each year victimizes 8.3 million Americans for a total of $15.6 billion in losses, according to the FTC. [More...]

Click Fraud Ticks Lower in Q1

Friday - April 25, 2008

The amount of click fraud decreased slightly in the first quarter, thanks in part to actions taken by Google and Yahoo, according to the latest Click Fraud Index by Click Forensics. The overall industry average click fraud rate was 16.3 percent in the quarter, which was down slightly from the 16.6 percent rate reported in the previous quarter but up from the 14.8 percent rate reported for the first quarter in 2007. [More...]

'Free Tibet' Message Masks Rootkit Malware

Tuesday - April 22, 2008

Malware creators are taking advantage of the controversy over the upcoming Olympic Games to spread their wares for illicit financial gain. Latching onto the Free Tibet political demonstrations that have spread around the world, would-be thieves have embedded a piece of rootkit malware that logs keystrokes in an executable Flash movie file called "RaceForTibet." [More...]

Struggling to Comply With PCI Standards? Start With SSO

Monday - April 21, 2008

Since 2005, millions of citizens have been affected by reported and unreported data breaches at payment processors, banks and retailers -- but the nation was still stunned when news broke out about the TJX data breach. This has indeed been a larger problem than most recognize, with some 88 million consumers affected by data breaches in the past two years alone, according to the Privacy Rights Clearinghouse. [More...]

Well-Worn Passwords Are Gold Mines for Hackers

Thursday - April 17, 2008

Using the same password for multiple Web pages is the Internet-era equivalent of having the same key for your home, car and bank safe-deposit box. Even though a universal password is like gold for cyber-crooks because they can use it to steal all of a person's sensitive data at once, nearly half the Internet users queried in a new survey said they use just one password for all their online accounts. [More...]

Psystar's Open Computer: A $400 Rotten Apple Scam?

Wednesday - April 16, 2008

News of a $400 Mac clone on the market spread like wildfire this week -- only to be supplanted by suspicions that the offering may well be a giant fraud. The first inkling that something was wrong came when a message appeared on the Web site of the mysterious vendor, Psystar, stating it could not take orders over the phone but only via the Internet. [More...]

Yahoo Scrambles, Scrabble Scraps, Chertoff Coaxes

Friday - April 11, 2008

Unwilling to believe that resistance to a Microsoft takeover is futile, Yahoo is throwing a lot of strategies at the wall to see what sticks. Its latest effort is a trial advertising partnership with Google -- a two-week test of its AdSense service. Yahoo plans to run Google ads alongside up to 3 percent of the search results generated on Yahoo Web properties in the U.S. [More...]

Web Crime Spikes in 2007, Losses Near $240M

Friday - April 4, 2008

The financial losses tied to Internet crime reached record levels in 2007, the FBI said Thursday, citing data from its annual Internet Crime Report. The Internet Crime Complaint Center, or IC3 -- which the FBI operates along with the nonprofit National White Collar Crime Center -- fielded 206,884 complaints of crimes perpetrated over the Internet during 2007, the bureau said. [More...]

Detroit Trading Exchange: Swinging the Door Wide Open for Auto Leads

Friday - April 4, 2008

Working with online car sales leads since the early part of the dot-com era, the cofounders of the Detroit Trading Exchange saw firsthand the inefficiencies in the market and set out to address them. The result is a robust and active trading exchange where car dealers and others bid to buy more than 300,000 sales leads generated by consumer-facing Web sites each month. [More...]

Cyber-Thieves' New Target: Business Processes

Tuesday - April 1, 2008

The business use of e-mail worldwide has become so critical that the ever-increasing number of spam attacks containing malware are placing corporate and customer information at the highest levels of risk yet, according to an industry-wide survey Internet security firm Webroot conducted last month. [More...]

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