Cybercriminals Increasingly Use Online Banking Fraud Automation Techniques
Cybercriminals attempted to steal at least US$75 million from high-balance business and consumer bank accounts by using sophisticated fraud automation techniques... full story
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Could data science turn the tide in the fight against cybercrime?
Cybercrime is booming, with malicious hacking and online fraud growing at an alarming rate. Reversing this trend appears an almost sisyphean task, but machine learning and bayesian statistics are proving invaluable to cyber security organisationsHacking, fraud and other clandestine online activities have been making headlines in recent weeks, giving rise to concerns that law...
guardian.co.uk (2 months and 21 days ago)
Caixin Online: Why Foxconn’s automation hasn’t been smooth
With the wages of workers rising, the huge manufacturer has pursued increased automation, but the effort hasn’t gone smoothly, Caixin Online reports.
marketwatch.com (4 days ago)
Cursor Camouflage Aims to Confound Criminals
For security reasons, mouse-based password platforms are becoming increasingly common in online banking.
palmbeachpost.com (2 months and 1 day ago)
Sophisticated Trojan horses target banks, Symantec says
The financial sector is under threat from increasingly sophisticated malware attacks a Symantec report has claimed, with many security solutions ineffective against modern Trojans. Following the proliferation of malware targeted at online banking over the past decade, financial institutions created custom security solutions to prevent fraud resulting from simple...
pcworld.com (2 months and 4 days ago)
Cybercriminals in $45m World Bank Heist
A gang of cybercriminals stole $45m (£29m) by hacking into a database of prepaid debit cards and draining cash machines around the world, US prosecutors say.
palmbeachpost.com (8 days ago)
Martin Ford: Technology Is Turning College Into a Dead End for Many People
In my 2009 book, The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future, I argued that advancing technology -- and especially software automation -- would increasingly threaten the jobs taken by college graduates, and might eventually undermine the incentive to attend college: The unfortunate reality, however, is that the college dream is...
huffingtonpost.com (1 month and 14 days ago)
ACI Worldwide Completes Acquisition of Online Resources Corporation
Filed under: Investing ACI Worldwide Completes Acquisition of Online Resources Corporation Adds strategic bill pay capabilities, broadens online banking portfolio NAPLES, Fla.--(BUSINESS WIRE)-- ACI Worldwide (NAS: ACIW) , a leading international provider of payment systems, announced today it has completed the acquisition of Online Resources Corporation (NAS: ORCC) , a...
dailyfinance.com (2 months and 10 days ago)
TripAdvisor borrows anti-fraud techniques from finance industry
TripAdvisor, the travel website, has introduced a crackdown on fraudulent reviews by borrowing techniques from the finance industry, as part of an effort to maintain trust in its hotel, restaurant and attraction recommendations.
telegraph.co.uk (1 month and 16 days ago)
Will Dutch police soon be stalking cybercriminals on your computer?
Following a spate of high-profile cyberattacks on Dutch websites and services, the Netherlands is looking to give its police new tools to track down cybercriminals. Key among them? The power to investigate and take over any suspect's computer – even if it is not located in the Netherlands.
yahoo.com (8 days ago)
Westpac online banking services restored
A DATA processing problem that hobbled Westpac's online and telephone banking services since 3pm has been resolved.
news.com.au (2 months and 24 days ago)
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