Daily CyberCrime and Security Report for May 1, 2002

A daily survey of the latest cybercrime news from around the world.

CNN: Experts: Vivendi Hack Charge Doesn’t Compute 30-Apr-02 10:45:33 ET

Story Highlights:“Allegations by French media group Vivendi Universal that an embarrassing flop in a shareholder vote last week was down to hacker sabotage make little sense…”

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“Vivendi, whose controversial chief executive Jean-Marie Messier has come under fire from investors in recent weeks, issued a statement on Sunday alleging hackers may have tampered with a vote last week that would have granted a new stock option plan for company executives…”

Full Story on CNN

Washington Post: Teen Accused of Web Fraud Faces More SEC Charges 30-Apr-02 10:17:54 ET

Story Highlights:“A California teenager already accused of running a $1 million Internet scam also ran an online stock manipulation scheme that netted tens of thousands of dollars…”

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“Cole A. Bartiromo, 17, ‘conducted an Internet pump-and-dump scheme that manipulated the stock price of fifteen publicly traded companies’ from May 14 to July 5 of last year…”

Full Story on Washington Post

LATimes: Hacker Key to Firm’s Future 29-Apr-02 02:47:51 ET

Story Highlights:“By his own account, Marc Maiffret had been up to no good…”

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“In and out of several computer hacker groups, the high school dropout realized his life had to change one morning shortly after he turned 17 when he was awakened by an FBI agent holding a gun to his head…”

Full Story on LATimes

ZDNET: Inside an E-Bank Heist 01-May-02 06:21:32 ET

Story Highlights:“Nearly every bank in the United States runs its operations on an internal network that connects to the Internet at some point…”

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“Although the banking industry claims that its security is virtually foolproof, others say that any technology can be penetrated under the right circumstances…”

Full Story on ZDNET

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