The underground cybercrime economy may not be as large as some studies suggest, according to a recent Microsoft report. Estimates emphasize the value of black-market-listed goods, but many black-market participants are scammers and don’t really have the goods, stated the report.
07/28/2009 - TJX Companies Inc.—parent company of TJ Maxx, Marshalls, and Home Goods—will pay out $9.7 million to 41 states after hackers stole customers' payment card information in one of the biggest data breaches ever reported.
07/08/2009 - An agreement by banks and credit card companies to share cybercrime intelligence has resulted in the discovery and arrest of two London-based cybercrime gangs, reports the online technology publication The Register.
06/04/2009 - Cybercriminals may be targeting YouTube account holders through spoofed e-mails aimed at tricking them to respond with their personal information, according to a TechCrunch.com post carried by The Washington Post.
05/28/2009 - The number of Internet crime complaints rose 33 percent in 2008 compared to 2007, with financial losses rising about 11 percent, according to a report by the Internet Crime Complaint Center, a partnership between the Federal Bureau of Investigation and the National White Collar Crime Center.