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One of the web's all-time notorious spammers is facing jail after pleading guilty to sending 27 million unwanted messages to Facebook users. Sanford Wallace, aka "the Spam King," aka "Spamford Wallace," admitted that he unlawfully accessed over 500,000 accounts on the network between 2008-9 in vio...

August 25th 2015 at 6:08am 0 Comments
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It's nearly two years since Target suffered its giant shopping data breach, and the retailer is still paying for its mistakes. In the wake of a $19 million payout to MasterCard, Target has reached a settlement with Visa over compensation for the many, many customers exposed to potential credit and...

August 18th 2015 at 5:13pm 0 Comments
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After months of investigation, law enforcement has nabbed suspects believed to be behind hacks at JPMorgan Chase and other big banks... and they're not quite the master criminals you might expect. Both the FBI and Israeli police have arrested four people for what now appears to be a classic "pump...

July 21st 2015 at 8:23pm 0 Comments
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Hang around the crowdfunding scene long enough and you'll hear tales of campaigns that were too good to be true, or creators who simply took the money and ran. It's scary stuff, we know -- but you'll be glad to hear that the Federal Trade Commission now has your back when the host sites' safeguard...

June 11th 2015 at 6:16pm 0 Comments
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Have you ever heard of a cybersecurity firm called Tiversa? No? Well, you'll likely be hearing about it a lot in the coming weeks, because an ex-employee is accusing it of fraud. Richard Wallace, one of its former investigators, has recently testified against the firm in a Washington DC courtroom....

May 9th 2015 at 12:48pm 0 Comments
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In the movies, a daring prison escape usually involves a carefully orchestrated plan filled with intricate tunnels, ingenious bribes and chaotic distractions. But for Neil Moore, performing a similar breakout in the real world was so much simpler. With the aid of a smuggled mobile phone, he was ab...

March 30th 2015 at 5:10am 0 Comments
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Uber isn't the only ridesharing outfit running into legal trouble these days -- Lyft is now facing a lawsuit over claims that it deprived new drivers of promised bonuses. The transportation company allegedly committed fraud by offering $1,000 to drivers who completed their first ride by March 5th,...

March 16th 2015 at 1:07am 0 Comments
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A mobile payment system is only as secure as its weakest link... and in the case of Apple Pay, it's the banks' ability to verify who you are. The Guardian has learned that thieves are setting up iPhones with stolen IDs and taking advantage of lackadaisical identity checks (often just a part of th...

March 2nd 2015 at 11:57am 0 Comments
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One downside of bank cards is that, with the right equipment and know-how, they're pretty easy to clone. That's not just a problem for the people whose cash gets stolen, but also for the banks that are tasked with preventing fraud. It appears that credit card cloning may become a thing of the past...

December 16th 2014 at 7:25am 0 Comments
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If you've poured a lot of money into crowdfunding, you've probably backed a project that either missed its release date or was an out-and-out fraud -- and since there are rarely recourses in these cases, that often means that you've wasted your money. For Indiegogo, this is enough of a concern th...

December 2nd 2014 at 4:42pm 0 Comments
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Well, that didn't take long: Earlier this week, the internet caught wind of a few less-than-legitimate sellers listing PlayStation 4s on Amazon at ridiculously low prices -- we're talking $90 or less for a $400 item -- and took advantage of Walmart's new price-matching policy. Now the retail giant...

November 20th 2014 at 1:55am 0 Comments