With the proper security measures, most online financial transactions are considered safe. But hackers found their way into a Wake County man's online brokerage account and allegedly stole tens of thousands of dollars.
K. L. Murty, a professor at North Carolina Sate University, poured much of his life savings into an E-Trade account, but while he and his wife were overseas this past summer, their stock fund drained from about $216,000 to about $56,000.
"Unfortunately, I'm not a computer specialist and that's a problem," Murty said.
Consumers embarking on a shopping spree may be able to leave their wallets behind in the near future, despite some security and privacy experts' concerns. This week, Pay By Touch Solutions, a San Francisco-based firm whose system allows customers to pay at participating grocery stores with the press of a finger, announced that investors have pledged $130m to fund the company's expansion plans. And, rival BioPay has already enrolled more than two million people into its service for cashing payroll checks and paying at the supermarket checkout.
The Violence Against Women Act may be about to do violence to Americans' right to privacy.
A U.S. Senate committee has adopted an amendment to the VAWA legislation that would add the DNA of anyone detained by the cops to a federal DNA database called "CODIS."
Spyware isn't just annoying, it's dangerous and expensive to combat. We found some eye-popping statistics when working on this article, but one particular blog entry really illustrates the problem: Researchers at Sunbelt Software, which participated in this review, last month uncovered a large cache of detailed financial information that had been gathered by a keylogger, Srv.SSA-KeyLogger. The data was culled from apps that use HTML forms (see more here).
AN INTERNET pioneer who uncovered the e-mails that forced Dame Shirley Porter to pay £12.3 million to end the homes-for-votes scandal was fined yesterday for hacking into the messages.
Clifford Stanford, the founder of Demon Internet, was plotting a boardroom takeover of an electronic data firm and intercepted e-mails to and from Dame Shirley’s son, John.