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Category: Business Sector

Apple’s Worst Security Breach: 114,000 iPad Owners Exposed

Posted on June 9, 2010 by Dissent

Ryan Tate writes: Apple has suffered another embarrassment. A security breach has exposed iPad owners including dozens of CEOs, military officials, and top politicians. They—and every other buyer of the wireless-enabled tablet—could be vulnerable to spam marketing and malicious hacking. […] The specific information exposed in the breach included subscribers’ email addresses, coupled with an…

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FTC Approves Final Settlement Order with Dave & Busters

Posted on June 8, 2010 by Dissent

Following a public comment period, the Federal Trade Commission has approved a final settlement order with entertainment operation Dave & Busters. The final order settles charges that the company failed to secure customers’ sensitive credit and debit card information, resulting in several hundred thousand dollars in fraudulent charges. The FTC vote approving the final order…

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Another Small Company Takes a Financial Hit on the Cyber Chin

Posted on June 8, 2010 by Dissent

Matthew Gardiner writes: Similar to the case of Hillary Machinery that I previously blogged about, another small company, DKG Enterprises, has recently taken a nearly $100K hit from cyber thieves.  Very simply the thieves stole the corporate controller’s banking credentials, fraudulently transferred money to multiple mules, and voila, goodbye $100K.  The headline of the KrebsonSecurity…

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CO: Credit card fraud rising Havasu residents reporting more cases each year

Posted on June 8, 2010 by Dissent

Jayne Hanson reports: A credit card fraud phenomenon sweeping the nation has caused concern for Lake Havasu City Police Department’s white-collar crimes experts. […] “What we are seeing is some new type of activity,” said Lake Havasu City Police Det. Scott Cheshire. When merchants use virtual credit card systems to batch charges at the end…

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Ca: 15-year-old caught in Richmond with hundreds of skimmed credit cards

Posted on June 8, 2010 by Dissent

And what is your teenager doing for work this summer? Vivian Luk reports: A 15-year-old boy was arrested last month at a Richmond gas station for connection to a credit card skimming operation. […] The boy is suspected of copying credit card information from several hundred customers without their knowledge, and then selling the stolen…

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CT man pleads guilty in large ID theft and fraud scheme

Posted on June 7, 2010 by Dissent

David B. Fein, United States Attorney for the District of Connecticut, announced that Luis Melendez, also known as “Ramiro Morales-Cruz,” 33, of New Haven, pleaded guilty today before Senior United States District Judge Alfred V. Covello in Hartford to one count of access device fraud and one count of aggravated identity theft stemming from a…

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