The threat from phishing attacks is growing as broadband penetration in China increases, say security companies, with the problem being compounded by an alarming increase in the amount of software kits available for download that will facilitate the process.
At least four Australian teenagers have been arrested for their alleged part in an Internet banking scam that has generated millions of dollars.
The latest innovation in identity fraud typically begins with an unexpected e-mail message from a financial institution proclaiming something like: "Your account information needs to be updated due to inactive members, frauds and spoof reports."
Online fraudsters are getting smarter and the current round of "phishing scams" may just be the start, according Australian High Tech Crime Centre (AHTCC) head Alastair MacGibbon.
While many e-mail account holders would like to throw spammers in the slammer and throw away the key, some legal experts are arguing for leniency in enforcing the federal Can-Spam law.
Spammers convicted under a recently enacted US antispam law could face stiff sentences under newly finalised government recommendations.
Security researchers have discovered an e-mail harvesting tool that was pre-configured to target Seek.com.au's candidate database but a Seek executive claims its database is immune to such an attack.
Swedish bank Nordea has told ZDNet UK that it has been stung for between seven and eight million Swedish krona (around AU$1,500,000) in what security company McAfee is describing as the "biggest ever" online bank heist.
Separate research by security vendors McAfee and Marshal Software suggests that the industry is winning the war on spam, with two of the most common forms of spam-related scams on the decline.
It's been nearly six months since President Bush signed the first federal spam law with criminal sanctions--and not one bulk e-mailer has been criminally charged under it so far.
The federal government is anxious to congratulate itself on the success of its anti-spam legislation to date. But the threat to users from unsolicited e-mail is only getting worse.
On April 12, 1994, a pair of attorneys in Arizona launched a homemade marketing software program that forever changed the Internet.
E-mails attempting to trick customers out of their bank account details could be a Russian version of the 419 email scam, according to a security expert.
It's time to accept an unpleasant truth.
Telstra has kicked another BigPond user off its network after a two day spam campaign by the customer caught the attention of ISPs.
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