Cybercrime

Members of the U.S. House Energy and Commerce Committee are calling upon some of the Internet's biggest e-tailers to help prevent online auction fraud. In a letter sent to Web giants Amazon.com, Yahoo! and eBay on Monday, committee chairman Billy Tauzin (R-Louisiana) asked the chief executive off...

The Consumers' Association, a British advocacy group that campaigns to increase online security, said Friday that it suffered a security breach in its TaxCalc software site that left the credit-card information of nearly 3,000 customers exposed to unauthorized third parties. The security flaw aff...

Databases at online credit-card processing and security provider Anacom Communications were illegally accessed this week, Anacom's parent company ZixIt Corporation confirmed Thursday. ZixIt said that it took control of the entire Anacom premises and began forensic data analysis on the breach Mon...

Although online credit card fraud is not a myth, its frequency has been greatly exaggerated, according to a survey released Wednesday by Jupiter Media Metrix. The report said that the attention focused on online security incidents has led consumers to believe that fraud is approximately 12 times ...

Cybercrime fighters are scheduled to continue lobbying U.S. Congress on Thursday for more money and power to combat hackers, con artists and other cyber crooks. "No one knows the full extent of the fraud being committed on the Internet," Thomas T. Kubic, deputy assistant director for the U.S. F...

Adding to the recent flurry of Internet fraud news, the U.S. Federal Trade Commission (FTC) told Congress on Wednesday it received over 25,000 Internet fraud complaints in 2000. Testifying before the House Committee on Energy and Commerce, Eileen Harrington of the FTC's Bureau of Consumer Pr...

Criminal charges have been brought against approximately 90 individuals and companies as part of a nationwide crackdown on online fraud schemes that victimized over 56,000 people, the U.S. Department of Justice and the Federal Bureau of Investigation (FBI) said Wednesday. The schemes -- which inclu...

Because software piracy and online fraud can cost companies millions in profits and lost goodwill -- and because government agencies do not have the resources to keep pace with cybercriminals -- many high-tech companies have formed their own investigative units to catch Internet con artists. Fo...

The booming market for outsourced Internet security services could provide a home for venture capital money previously directed to dot-coms, according to a report announced Tuesday by the Yankee Group. "With the demise of the 'dot-bombs,' many VCs have been looking for alternative ways to invest...