cyber theft News

Hackers Net $4.2M in Cyber Theft from Oklahoma Pension Fund

OKLAHOMA CITY — The FBI is investigating after computer hackers managed to steal about $4.2 million in funds from a pension system for retired Oklahoma Highway Patrol troopers and other state law enforcement officers, state officials said Friday. A notice …

Cyber Ring Made $100M on Stolen News Releases by Phishing

In late October 2013, Panera Bread Co., the national chain of restaurants that specializes in healthy soups and baked goods, prepared a news release to announce it was adjusting its earnings expectations downward for the recently begun fourth quarter. The …

The True Story of Malware’s Birth and its Effect on Cybercrime

In any global outbreak, it’s important to identify Patient Zero. In the movies, you get a leggy Gwyneth Paltrow. In the nine-year online epidemic that helped create cybercrime as we know it, you get “fliime.” That was the name used …

Federal Agency Outlines Common Cyber Threats and Risk

While cybersecurity threats are constantly evolving, many cyber criminals use variations of the same methods of cyber attack. Specifics of these attacks may differ, but the nature of the attacks stay the same. Cyber criminals take advantage of a user’s …

Spain Gang Indicted for Part in Global Hacking Attack

A Spanish judge charged nine people with fraud Sunday for allegedly participating in the theft of $45 million after a massive hacking of a bank’s card payments system. Judge Eloy Velasco of Spain’s National Court said the suspects include seven …

Hidden Risks Faced By Fitness Centers

A majority of fitness center owners are underinsured and exposed to hidden risks that could ruin their business. With this in mind, Wood Gutmann & Bogart Insurance Brokers announced the five key risks that fitness center owners face. “Even the …

Vice President Says China Cyber Theft Must Stop

Vice President Joe Biden said Wednesday that China’s rise is good for the U.S. and the world but its theft of U.S intellectual property must stop, as the two global powers began annual talks to build cooperation and hash out …

U.S. Agency Dismantles Massive International Cyber Theft Conspiracy

A Chinese national pleaded guilty Monday to conspiracy to commit criminal copyright infringement and wire fraud. The individual operated a website used to distribute more than $100 million worth of pirated software around the world, making it one of the …

U.S. Shuts Down Massive Cyber Theft Ring

U.S. authorities claimed one of their biggest victories against cyber crime as they shut down a ring they said used malicious software to take control of more than 2 million PCs around the world, and may have led to theft …