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Tag Archives | crime

Bank Security Is So Bad That a Simple Phishing Scam Can Cost $1 Billion

In potentially the largest bank heist on record, an Eastern European hacker ring is stealing an estimated $1 billion from banks by infecting computers with malware and siphoning money. But how the hackers infiltrated these banks speaks to a much bigger problem: The current security standards (or lack thereof ) at major financial institutions are [...]

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Deep Web Search Engine Memex Fights Crime a Bit Like Minority Report

Exactly one year ago, DARPA announced a characteristically scifi-inspired mission: to create a search engine that could find things on the deep web that Google’s crawlers would miss. The so-called Memex project is now well underway, and for the first time we’re getting a look at the crime-fighting search engine in action. Read more… Continue [...]

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How the Silk Road Trial Could Lead to a Dangerous Legal Precedent

The Silk Road trial is over. A jury found Ross Ulbricht guilty on all seven charges, including money laundering, drug trafficking, and the "kingpin" charge. That’s not just bad news for Ulbricht, who faces life in prison. His trial could help establish a dangerous precedent, which could allow law enforcement to gather evidence illegally. Read [...]

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Oh, Good: Revenge Porn Kingpin Is Going to Jail 

Kevin Bollaert, a 28-year-old San Diego revenge porn website operator, gained notoriety by hosting a website to post embarrassing or sexually explicit images of men’s former romantic partners on a now-defunct website called UGotPosted. Bollaert set up a second website, ChangeMyReputation, and charged people (by and large, women) $350 a pop to take the photos [...]

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Feds Caught the Silk Road Mastermind With… A Google Search

"Dread Pirate Roberts," the mastermind behind the online drug market Silk Road, seemed like a smart dude. He amassed a multimillion dollar fortune in drug money in just a few years! And he did it using the deep web and cryptocurrency usually associated with sophisticated cybercrime. But if 30-year-old self-styled "Robert Pattinson lookalike" Ross Ulbricht [...]

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Barrett Brown Will Spend 5 Years In Jail for Hacking-Related Offenses

A federal judge just sentenced journalist Barrett Brown to 63 months in prison and ordered him to pay nearly $890,000 in restitution for charges related to the 2011 hack of Stratfor Global Intelligence. Brown’s supporters maintain that the young writer and activist was "merely linking to hacked material." Either way, he’ll spend about five years [...]

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Air Jordan Bandit Caught Through Instagram

Oklahoma City police arrested a man Thursday for robbery. 18 year old Steven Wallace set up a meeting with another man through Instagram to sell a pair of Air Jordan shoes for $200. Prior to the transaction being made, Wallace got into an altercation with the victim, ending withWallace taking off on-foot with the shoes. [...]

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