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Seven members of a massive alleged Internet fraud ring have been charged by the U.S. Attorney for the Southern District of New York. The ring infected more than 4 million computers worldwide with malware and rerouted online searches fraudulently to websites and ads, which then paid the ring’s members for those hits, according to authorities.
Victims bilked of their money by fake online ads are not the only ones hurt. "Blatant fraud, like the fake-news diet promotions and other online scams that have sprouted in recent years, only serves to undermine consumer confidence and eventually marketers and business as a whole," said attorney Bill Rothbard.
The mobile age has arrived. In 2011, global shipments of smartphones and tablet devices surpassed shipments of laptops and desktop PCs, laying the groundwork for an era in which consumers are increasingly using mobile technology for everything from airline reservations to vehicle purchases. The mobile age snuck up on many of us, but fraudsters have been eagerly waiting for its rise.
More than 200,000 Citigroup bank accounts were hacked in last month, according to just-released data from the company, and federal regulations could tighten because of the security breach. Details of the hack remain scarce. The bank says hackers probably accessed names, card numbers, addresses and e-mail information.
The official vision of the National Strategy for Trusted Identities in Cyberspace is a government-coordinated, private-sector initiative to increase the security of the Internet. In their words: "Individuals and organizations utilize secure, efficient, easy-to-use, and interoperable identity solutions to access online services in a manner that promotes confidence, privacy, choice and innovation."