Fake Facebook: Financial Cybercrime

An estimated 400 million users are on Facebook, which is a great networking site. However, hackers are sending out emails claiming there were security problems on Facebook and your password has been reset. To find your new password the letter prompts you to click on the attachment.

Gary Warner is the Director of Research in Computer Forensics at UAB, and he warns, "If you were to open that file there's an executable inside that file called facebook password reset, and if you run it, your computer gets infected with a particular virus called bredolab." He says from then on anything you type, that has a password...including your bank account, criminals can steal. What's worse, there's another virus called KoobFace that's even more dangerous because it can steal your information and do things on your account without you being logged on.

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Crime Online: Cybercrime and illegal innovation

With the growing sophistication and use of information technology, the past decade has seen a major growth in cybercrime. Broadly described, cybercrime refers to all types of crime that exploit modern telecommunications networks, in which computers or computer networks are used for criminal activity. This report focuses exclusively on financial cybercrime, specifically credit card fraud and identity theft. Financial cybercrime has increased dramatically in recent years and looks set to increase further as the proliferation of communications technology proceeds apace and reaches regions of the world with many underemployed poor people with information technology skills who can take advantage of cybercrime opportunities. The current global recession will likely increase this trend still further.

FBI teams locally to fight cyber crime

Unit set up to battle fraud, child porn

Source: ABC local.go.com
By Courtney Chamberlin
Date: July 23, 2003

It's the fastest growing crime in the world. Local departments are doing what they can to pull the plug on computer crime with the Mid-Michigan Area Cyber Crimes Task Force.

ABC12's Courtney Chamberlin had more on how slowly, major changes are making their way into Bay City's FBI office. More desks will be set up, they'll have more supplies, and there will be two computers at each station.

An officer from Michigan State Police, one from the Saginaw County Sheriff's Department, one from the United States Secret Service and one from the FBI will all work out of one office to solve cyber crimes.

Special equipment will be used to look at things like suspects' computers. The unit will focus on crimes in 21 counties, Saginaw and northward, seeking anything from child pornography to fraud.

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How Does the FBI Fight Cyber Crime? - Robert Mueller

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