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Archive | July, 2011

How to Stop Cybercrooks: Sue their friends!

Thursday, July 28, 2011

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The best way to stop the tide of global cybercrime may be to sue the pants off of the hosting companies and Internet Service Providers Online that are backing the crooks. That’s the central conclusion of a policy paper, out today from the Brookings Institution. (You can find a very condensed version in Sunday’s Washington [Continue Reading]

Millions stolen in May hack attack

Thursday, July 21, 2011

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NEW YORK (CNNMoney) — Citigroup acknowledged that a hack attack last month stole millions of dollars from customers’ credit card accounts. Citigroup (C, Fortune 500) told CNN that about $2.7 million was stolen from about 3,400 accounts on May 10. The hackers actually accessed a much larger number of accounts: 360,083. Fewer than 1% of [Continue Reading]

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