The Bank of America has refused to repay money lost to Fan Bao and his wife Cathy Huang from Highland Park, California after hackers stole $50,000 from them in fraudulent money orders. The bank blames a banking trojan or keylogger that may have stolen passwords from the couple’s computers.
Google recently announced that it would pay anything from $500 to $1337 per bug found in Chromium, the open-source code behind the Chrome browser. The search giant is hoping that an increased number of security gurus scanning the Chromium code for insecurities will ensure the browser is robust.
A new security tool called SpyEye may be able to facilitate botnet turf wars. The software can detect and actively uninstall competitor bots from infected machines and is available on certain Russian underground forums priced at $500.
And finally, a former white hat hacker and security researcher who turned to the dark side has been sentenced to 13 years in federal prison. Max Ray Butler, aka Iceman, who hacked into financial institutions and stole credit card account numbers was sentenced to the prison term and also ordered to pay $27.5 million in restitution.