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HP takes $8.8 billion charge on Autonomy purchase, blames shady accounting

HP takes $8.8 billion charge on Autonomy purchase, blames shady accounting
  • Posted November 20, 2012, 12:00 PM by Jose Vilches | Filed in Industry News
  • HP shares are down more than 10% this morning after revealing in their fiscal fourth quarter earnings report that a British company it bought for $11.1 billion last year lied about its finances. CEO Meg Whitman avoided calling it a…

Facebook bug silently tallies up extra "likes"

Facebook bug silently tallies up extra "likes"
  • Posted October 5, 2012, 5:00 PM by Rick Burgess | Filed in The Web
  • Facebook is once again finding itself under investor scrutiny after a U.S. security researcher uncovered a flaw in its "like" system which appears to be responsible for liking sites an unintended number of times. Although Facebook has pointed to a…

Microsoft beefs up Xbox Live's security to combat online fraud

Microsoft beefs up Xbox Live
  • Posted July 19, 2012, 7:30 AM by Matthew DeCarlo | Filed in Gaming, Microsoft
  • With services being hacked left and right, Microsoft has acted on user feedback submitted in recent months by introducing new security measures to Xbox Live. Along with unexplained "security enhancements" implemented behind the scenes during Xbox Live's spring update, the…

SOCA, FBI and DoJ take down 36 credit card fraud sites

SOCA, FBI and DoJ take down 36 credit card fraud sites
  • Posted April 30, 2012, 10:30 AM by Lee Kaelin | Filed in IT Security
  • British police arrested three people and shut down 36 criminal-owned web domains on Friday, as part of a two year long international anti-fraud investigation by the UK's Serious and Organised Crime Agency (SOCA), the FBI and the US Department of…

Violating a terms of service agreement is not criminal, federal court says

Violating a terms of service agreement is not criminal, federal court says
  • Posted April 12, 2012, 5:30 PM by Rick Burgess | Filed in The Web
  • On Tuesday, the federal Ninth Court of Appeals ruled that violating a "terms of service" agreement is not a criminal offense. At the heart of the debate were concerns that violating a terms of service agreement, despite being a set…

Weekend Open Forum: Have you, or someone you know, ever been victim of Internet scams?

Weekend Open Forum: Have you, or someone you know, ever been victim of Internet scams?
  • Posted February 10, 2012, 7:30 PM by Jose Vilches | Filed in WOF, IT Security
  • Although most Internet users have probably wised up -- or so we'd hope -- to old scams involving some wealthy foreigner who's supposedly being cheated out of millions of dollars and promises a small fortune in exchange for help spiriting…

New Trojan steals phone details, routes bank calls to crooks

New Trojan steals phone details, routes bank calls to crooks
  • Posted February 2, 2012, 8:30 AM by Lee Kaelin | Filed in IT Security
  • Banks have been fighting a tough battle to secure customer's private banking information as cybercrooks find increasingly more complex methods of breaking the security layers protecting their online services. Now they have a new threat to worry about, a Trojan…

FBI busts botnet that made $14M in fraudulent ad revenue

FBI busts botnet that made $14M in fraudulent ad revenue
  • Posted November 10, 2011, 5:00 PM by Jose Vilches | Filed in The Web, IT Security
  • The US Department of Justice has indicted seven people for allegedly hijacking millions of computers and running a massive click-jacking fraud scheme that generated more than $14 million in advertising revenue. The defendants -- six Estonians and one Russian --…

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