fraud Articles

Romanian and US Authorities cooperate against an Internet Fraud Scheme

  • 20/07/2011 at 01:09 by It's a Gadget Staff
  • News

HandcuffsRomanian authorities coordinated efforts with the U.S. Department of Justice Thursday by conducting over 100 searches surrounding an Internet auction scheme. Their intention is to break up the group that is perpetrating fraud on the public. Over the past year they have successfully arrested more than 100 people in both the U.S. and Romania, according to a DOJ statement Friday.

The most typically pattern of fraud involved a Romanian who would put items up for sale on the Internet, such as motorcycles, cars, and boats. The items were posted on auction sites, most often, though some involved other websites. Americans who wanted to buy an item would be instructed to wire money to a fake name, who was supposed to be an employee of an escrow firm.

Of course, you guessed it – the buyer would never receive the item purchased. More than $10 million has been nabbed in this scheme by the thieves, according to the DOJ. American cohorts of the Romanian thieves would be told how to pick up the money and where to forward it.

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PlayStation hackers claim to have stolen 2.2 million Credit Cards

  • 01/05/2011 at 02:03 by It's a Gadget Staff
  • Gaming, News

PlayStation NetworkMost of you are aware of the recent attack on the PlayStation Network caused by a small group of hackers, however now the hackers have claimed to have accumulated the details of over 2.2 million credit card numbers.

Despite Sony’s huge effort the control the situation, the hackers seem to be avoiding all security systems put in place by Sony, therefore many have had their personal information stolen and bank accounts compromised.

These claims were discovered on underground online forums, however  security researchers have stated that it is not possible to verify the frightening claims made by the hackers. Over 77 million PSN users have reported suspicious and unverified being placed on their credit cards, this has put a huge amount of pressure upon Sony to put an end to the security crisis.

All of these claims lead Sony to temporarily shut down the services of the PlayStation Network between the 17th and 19th of April.

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