Overview Point of Sale Systems When consumers purchase goods or services from a retailer, the transaction is processed through what are commonly referred to as Point of Sale (POS) systems. POS systems consist of the hardware (e.g. the equipment used to swipe a credit or debit card and the computer or mobile device attached to […]
There’s A Facebook Virus Going Around That Can Empty Your Bank Account
Reuters/Beck Diefenbach A six-year-old virus that drains bank accounts is thriving on Facebook, reports Nicole Perlroth of The New York Times. The virus is spread through phishing messages. When someone has been phished , their account will automatically send messages or links to a large number of their friends. These messages or links are usually ads […]
Pirate Bay co-founder charged with hacking, fraud in Sweden
The Pirate Bay co-founder Goddfrid Svartholm Warg has been charged with hacking several Swedish companies and stealing their personal data. He and three others are also accused of attempting to make illegal online money transfers. The 27-year-old’s charges include aggravated fraud, attempted aggravated fraud, and being an accomplice to attempted aggravated fraud, according to The […]
NC man sentenced in huge crop insurance fraud
RALEIGH, N.C. (AP) — A North Carolina man is headed to prison for his role in a $21 million crop insurance fraud. Jimmy Thomas Sasser of Wilson pleaded guilty Wednesday to mail fraud, wire fraud, conspiring to make false statements and to threatening a witness. A federal judge sentenced him to four years in prison, a term reduced due to […]
‘Massive’ $200M Credit Card Fraud
Eighteen people have been charged in what federal prosecutors in New Jersey called one of the largest credit card fraud schemes ever uncovered by the U.S. Department of Justice, spanning 28 states and eight countries. “The defendants are part of a massive international fraud enterprise involving thousands of false identities, fraudulent identification documents, doctored credit reports and more than $200 […]
