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Given the financial fallout we’ve all been treated to this year, online banking and investment transactions may face increasing risks from hackers and sub-par network
security. Buying and selling via the Internet is the most common form of trading stock — and the most vulnerable. With so much money changing hands through the Internet, bank security risk is critically high.
The worsening economy appears to be helping computer crooks with one of their toughest tasks: tricking people into opening their homes and bank accounts and becoming “mules” for laundering money or stolen goods. The scams themselves aren’t new. They’re pitched in spam e-mails as “work-at-home” jobs that promise excellent part-time money for helping companies pay clients in other countries.
Regular viewers of “60 Minutes” may not have been aware of a major scandal in the online gambling industry before Sunday night’s broadcast, but Internet poker enthusiasts already knew the score and were waiting for reporters to show their cards. The report told the story of the insider cheating that went on at the Ultimate Bet and Absolute Poker Web sites in 2007.
Today we have the advantage of staying connected wherever we are, which gives us the convenience of completing our holiday shopping from home or our working space at any time of day. This convenience, however, comes with a price, which can sometimes present itself literally.
Just one day after notifying an Internet registrar notorious for allowing massive spamming that it would terminate its registrar accreditation, the Internet Corporation for Assigned Names and Numbers has given the registrar a temporary stay of execution. ICANN sent a letter to EstDomains on Tuesday, informing the company that its ICANN accreditation agreement had been terminated.