Cybercrime

A security flaw has left all Android Bitcoin wallets vulnerable to theft, Bitcoin.org has warned. The vulnerability affects all Bitcoin wallets on the Android plaform.

Cybercriminals are turning to a new digital currency, Perfect Money, in the wake of the closure of the notorious Liberty Reserve, which was described as "the bank of choice" for cybercrime.

A self-styled "hacker" claims that crime can pay - saying that his 3 million-strong PC botnet earns him up to “$15,000 to $20,000” per hour.

The German developer of the hit shoot ‘em up series Crysis has taken its websites offline after a security breach in which user login details “may have been compromised.”

Fake adverts could be used to “remote control” internet browsers on a massive scale - allowing for cheap DDoS attacks, where millions of unwitting web users “attack” target sites.

Members of a Russian cybercrime forum attempted to frame respected security blogger Brian Krebs by mailing 13 bags of heroin to his home and alerting police.

A Twitter account used by international news agency Thomson Reuters was compromised this week, by hackers affiliated to the Syrian Electronic Army.

Earlier estimates of “trillion-dollar” damage to the world economy may have overstated the financial impact of cybercrime, according to a report by the Center for Strategic and International Studies.

Two researchers are to demonstrate a “hack” that allows control over automobile systems including brakes and steering in models by Ford and Toyota - overriding the commands sent by the driver.