Security

The financial losses tied to Internet crime reached record levels in 2007, the FBI said Thursday, citing data from its annual Internet Crime Report. The Internet Crime Complaint Center, or IC3 -- which the FBI operates along with the nonprofit National White Collar Crime Center -- fielded 206,884 co...

Working with online car sales leads since the early part of the dot-com era, the cofounders of the Detroit Trading Exchange saw firsthand the inefficiencies in the market and set out to address them. The result is a robust and active trading exchange where car dealers and others bid to buy more than...

Scarborough, Maine-based Hannaford Bros. in a Boston Globe report Friday confirmed that malware that had been installed on the 271-store chain's servers led to a data breach that compromised as many as 4.2 million debit and credit card accounts. Hannaford told Massachusetts regulators that it found ...

The U.S. government is tapping into the private sector to head up a new bureaucracy to help fend off cyber-attacks. The Bush administration is bringing in Silicon Valley entrepreneur Rod Beckstrom to head up the National Cyber Security Center, according to news reports. The new center was created in...

Having your private information leaked is bad enough, but having it put on BitTorrent is really the final insult. It happened before with MySpace photos. By most accounts, the private images made available earlier this year via peer-to-peer networks consisted mostly of poorly snapped photos of peopl...

Fraud is big business. Well-funded, well-orchestrated, sophisticated fraud rings aggressively change tactics and invent new technologies to cash in on the unprotected assets awaiting plunder. Every organization that provides individual service to its customers, employees, members or community is fac...

Think combating fraud is not of paramount concern to online merchants? The topic was front and center at the Merchant Risk Council's annual conference held in early March. Online merchants gathered there were eager to get a deeper level of understanding of how better to combat fraud -- fraudulent c...

There's a very important question that many CIOs, CFOs and CEOs of e-commerce companies should be asking and aren't: Who controls the data? If they were, they'd realize that the person with the most unchecked power over their data integrity is probably their database administrator. By overlooking th...

What's most important to consumers when making a purchase online? Personal identity. Consumers are taking more notice of their individual online security after a string of recent identity theft cases made major headlines. According to a recent survey by University of Southern California's Center f...

Depending on which set of criteria you reference, ID fraud either is on a significant decline or will be a lingering threat for several more years. The general trend points downward. Overall, 2007 saw a 12 percent drop in ID fraud incidences to $6 billion, according to Javelin Strategy & Researc...

Despite the overwhelming success of e-commerce, there are still consumers out there too terrified to click their cart through a virtual checkout. Are they just a silly-nilly group, nutty as a bunch of conspiracy theorists? Or are the rest of us just too naive to get it? Neither, it turns out. "There...

A $2.2 billion deal 3Com had been planning involving a private equity group and a Chinese telecommunications firm apparently fell apart Wednesday over security concerns. 3Com, a Marlborough, Mass.-based network equipment manufacturer, had agreed in September to accept an offer of $5.30 per share fro...

Shares of computer security software maker McAfee surged Friday after it posted higher revenue and, despite a sharp drop in profit compared with the year before, better-than-expected earnings. McAfee's net income fell to $12.2 million, or 7 cents per share, in the quarter that ended in December, dow...

In January, network security tools startup Packet Analytics launched Net/FSE, or Network Forensic Search Engine. Net/FSE is the first commercial search engine for enterprise network data to focus on security incident response by harnessing the analysis of NetFlow data. It is designed to exploit the ...

As the number of identity theft victims continues to mount, so has the amount of data and information related to such events -- and the time and resources devoted to better understanding, analyzing and devising measures that can better prevent such occurrences. "The stakes are already quite high whe...