Research out of the UK today says that perhaps as many as 200,00 people have been victims of online romance scams and the same study says over 1 million people personally know someone who has been scammed by one of these heartless fraudsters.
A version of the Zeus malware that intercepts one-time passcodes sent by SMS (Short Message Service) is targeting customers of the financial institution ING in Poland.
Identity theft related to credit and debit cards dropped by 28 per cent in 2010 over 2009 -- but the out-of-pocket cost to victimized consumers rose by 68 per cent.
Visa is targeting better fraud detection, through investments in modelling software.
Dutch police took unprecedented action in taking down a botnet on Monday: They uploaded their own program to infected computers around the world, a move that likely violated computer crime laws.
Two former computer administrators who worked for convicted financial fraudster Bernard Madoff's investment firm were indicted this week on charges of conspiracy and falsifying financial records.
Over a year after Indian outsourcer Satyam Computer Services reported a major financial fraud at the company, research firm Forrester still cautions customers doing business with it.
Online banking fraud in the U.K. has risen to the highest level in at least three years while card-related losses fell in most categories, according to industry figures released Wednesday.
The criminals knew what they were doing when they hit the Western Beaver County School District.
LexisNexis acknowledged Friday that criminals used its information retrieval service for more than three years to gather data that was used to commit credit card fraud.
Two Nigerians and a Frenchman were sentenced to prison Thursday for swindling people out of more than US$1.2 million in a massive e-mail scam, the U.S. Department of Justice said.
The government-appointed board at financially troubled Indian outsource Satyam Computer Services has decided to appoint an accounting firm in the next 48 hours to restate the company's accounts.
The former CIO of the Otago District Health Board is facing fraud charges in the Dunedin High Court in a trial scheduled to last three weeks.
Mike Swann and a Queenstown-based associate, Kerry Harford, each face three charges alleging $16.9 million in fraud relating to IT licences and support contracts.
A former CIO at Woolworths Australia has had further charges laid against him, following his original arrest in February for allegedly receiving almost A$4 million (NZ$4.5 million) in kickbacks during the awarding of multi-million dollar IT contracts in the 1990s.
Australians lost an estimated one billion dollars to fraudsters during a 12-month period between 2006 and 2007 surveyed by the Australian Bureau of Statistics.