High-Tech

News > Technology > High-Tech > Cybercrime ring uncovered in Brazil

Cybercrime ring uncovered in Brazil

SAO PAULO (AP) — A technology security company says it has uncovered a massive cybercrime ring in Brazil that may have stolen billions of dollars from a widely used online payment system. The RSA Security division of EMC Corp. says in a research report released Wednesday that a "malware-based fraud ring" had infiltrated the online payment method known as the boleto, diverting payments to accounts held by members of the ring. Boletos are used in a wide range of transactions, such as telephone, school tuition, mortgage and credit card payments. The report said the scheme may have compromised close to 500,000 transactions over a two-year period with an estimated value of $3.8 billion. However, researchers were unable to determine how many boletos were paid.

High-Tech

BERLIN (AP) — The secrets-spilling group WikiLeaks has criticized Google for failing to inform it about U.S...
HAVANA (AP) — Cut off from the Internet, young Cubans have quietly linked thousands of computers into a hidden...
HAVANA (AP) — Young Cubans may be cut off from the Internet, but they have quietly linked thousands of computers...
ANKARA, Turkey (AP) — Turkey's state-run news agency says a court has ordered authorities to block access in the...
BEIJING (AP) — Motorola, acquired last year by computer maker Lenovo Group, has unveiled three smartphones for its...