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Cyber attacks reportedly cost the US as much as $109 billion in 2016
Cyber attacks are increasingly becoming a fact of life. North Korea attacked aerospace and telecom networks last year. Olympics officials confirmed a recent attack that took place during the opening ceremonies. While Russia denied its involvement in the devastating NotPetya attacks, the US has finally joined other countries in blaming Russia for them. Now, a report from the White House Council of Economic Advisers says that malicious cyber activity like this cost the US economy between $57 and $109 billion in 2016.
Organized ring charged with using fake credit cards at Apple Stores
Prosecutors in New York City have charged 27 people with organizing and running a ring of credit card fraud that was used to rip off Apple Stores around the United States. The thieves were able to buy over $1 million of Apple gear by obtaining stolen credit card numbers and manufacturing IDs and credit cards to go along with them, which were then used to simply purchase computers and devices straight from Apple. Those devices were then sold through a fence in Brooklyn, NY. NPR also says that three guns, $300,000 in cash and various bank accounts were seized during the investigation, which apparently went on so long that even when the original ringleader was arrested and placed in jail, he passed messages to his girlfriend about how to keep the ring going. The charges filed involve incidents from June 2008 up to last December, so like a lot of other Apple-related thefts we've seen, the items "purchased" were likely iPhones, iPads and MacBooks. [via MacObserver]
