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

TOKYO (AP) — Sony is trying to woo Japanese game fans to the PlayStation 4 home console that went on sale in...
BEIJING (AP) — Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public...
BEIJING (AP) — Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public...
CLEVELAND (AP) — Northeast Ohio is hardly ready to usurp Silicon Valley as a high-tech mecca, but a growing number...
CLEVELAND (AP) — Northeast Ohio is hardly ready to usurp the Silicon Valley as a high-tech mecca, but a growing...