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

SAN FRANCISCO (AP) — Yahoo is making amends for years of blundering with one smart move: an early investment in...
HONG KONG (AP) — When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as...
NEW YORK (AP) — It's easy to dismiss Apple's new iPhones as merely catching up to Android. After all, phones...
NEW YORK (AP) — Samsung says U.S. wireless carriers will start taking orders for its large-screen Galaxy Note 4...
REDWOOD CITY, Calif. (AP) — Facebook CEO Mark Zuckerberg wants to turn more American high school students into...