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Cyber Gangs Raise Profile of Commerical Online Bank Security tsu doh nimh writes 'The Washington Post's Security Fix blog has published a rapid-fire succession of investigative stories on the theft of hundreds of thousands of dollars from companies, schools, and public institutions at the hands of organized cyber thieves and 'money mules,' willing or unwitting people recruited via online job scams. Some businesses are starting to challenge the financial industry's position that they are not responsible for online banking losses from things like keystroke logging malware that attacks customer PCs. Last week, a Maine firm sued its bank, saying the institution's lax approach to so-called multi-factor authentication failed after thieves stole $588,000 from the company, sending the money to dozens of money mules. The same group is thought to have taken $447,000 from a California wrecking company, whose bank also is playing hardball. Most recently, the Post's series outlined a sophisticated online system used by criminals to recruit, track and manage SlashdotPostal strikes leave eBay users in limbo Online buyers and sellers are suffering as mailed goods fail to arrive on time, says Sam DunnEbay sellers are worried they may suffer negative feedback from customers as buyers with goods caught up in the postal strike launch pre-emptive 'dispute' claims in a bid to avoid being out of pocket. Many users of the online auction house have been left empty handed as the Royal Mail union snarl-up over job cuts and pay causes huge disruption at sorting offices across the country. In some cases, delays of more than two weeks have prompted irate buyers to start payment disputes, sparking financial disruption and damaging personal selling 'reputations', known as detailed seller ratings (DSRs). These give a crucial indication of how efficiently an eBay user dispatches their goods. The company's online chat forum has been flooded with site users anxious to resolve their situations with disgruntled buying and selling counterparts. 'This is ... a big problem; after two weeks of my buyer waiting for GuardianNestlé: the world`s biggest food company and one of the `most boycotted` The world's largest food company began life in 1867 when Henri Nestlé developed the first milk food for infants and 'saved the life of a neighbour's child'. TelegraphBrit distribs focus on production Film News: Companies favor creative control over acquisitions -- When indie Brit distrib Revolver announced it was launching a standalone production arm earlier this September, it became the latest U.K. distrib to move into the world of film production. VarietyGood intentions won`t sell Windows 7 Microsoft's marketing efforts are strong but off kilter. How can the company make Windows 7 exciting but not goofy? CNETFed to work with lawmakers on naming borrowers WASHINGTON (Reuters) - The Federal Reserve is willing to work with U.S. lawmakers on ways to release names of companies that borrow from the central bank after a time lag so the disclosures do not disrupt markets, a Fed official said. ReutersBoinxTV Moves to Apple`s Snow Leopard OS Boinx Software's video production software upgrades to Version 1.4, now operable with Apple's latest operating system--Snow Leopard. - Germany software company Boinx has updated BoinxTV, its live-video production software, to support Axis network cameras and help streamline the production workflow. The entire recording engine of Version 1.4, which is free for all current BoinxTV users, has been rewritten for better extensibili... eWEEKSolar energy technology on display at annual event starting tomorrow The fifth annual Solar Energy Week will begin tomorrow with family activities at Liberty Station, followed by an all-day conference, bus tour of commercial sites and self-guided tour of homes powered by the sun. The California Center for Sustainable Energy is sponsoring the events aimed at showing consumers and companies the latest in solar energy technology. SignOnSanDiego.comHearing aid company exits bankruptcy, plans growth Hearing aid company Zounds Inc. has been purchased out of bankruptcy and will continue its growth plans, but at a more moderate pace. Biz JournalStackOverflow For Any Topic RobinH writes 'StackOverflow, the successful question-and-answer website for programmers, is now over a year old and its top user has just passed 100,000 reputation points. Now one of the creators of StackOverflow, Joel Spolsky, and his company Fog Creek, are developing a software-as-a-service form of the StackOverflow engine called StackExchange to support any topic you want. The software is currently in private beta, but the first few beta sites have surfaced. Topics include business travel, the home, parenthood, the environment, finance, and iPhone game development.' of this story at Slashdot. Slashdot1 2 |
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