Skip to Content

AOL Tech

Banks posts

Web

Fugitive Arrested After Moronic Facebook Friend Request

Remember the story about the New Zealand authorities who located a fugitive couple, thanks to the misguided Facebook status of their relative? While that mistake was out of the criminals' hands, Maxi Sopo made his own bed with the social networking site.

In 2003, Sopo went from selling roses in Seattle nightclubs to committing bank fraud, making him about $200,000 richer. A natural career move, right? According to Huffington Post, he soon fled in a rental car to Mexico where he lived a playboy lifestyle. He'd sun on the beaches of Cancun till dark and throw down in the nightclubs till dawn.

But just living this MTV spring-break life wasn't enough for Sopo. So, he started bragging about it on Facebook, too. The AP quotes one Facebook as reading, "LIFE IS VERY SIMPLE REALLY!!!!BUT SOME OF US HUMANS MAKE A MESS OF IT...REMEMBER AM JUST HERE TO HAVE FUN PARTEEEEEEE."

Read more →

Web

After Phishing Attempt, Wife Bans FBI Head From Online Banking

Don't feel bad if you've recently fallen for an e-mail scam. They're not always easy to identify. Just ask FBI Director Robert Mueller. Mueller received an e-mail from his bank asking him to verify some account information. After entering said information, Mueller says he realized that the e-mail was part of a phishing scam. According to CNET News, he immediately changed his passwords and breathed a sigh of relief.

The FBI chief avoided the wrath of phishers, but not his wife (video after the break). She nixed online banking in their household and said, "It is our money. No more Internet banking for you!" During a speech Wednesday in California, Mueller said that he'd tried to explain to his wife, promising that he'd learned his lesson and calling the near slip-up a "teachable moment." He was taught a lesson, alright, and one he should have learned long ago, at that. "If Mama ain't happy, ain't nobody happy." [From: CNET News]

Read more →

Web

Woman Finds Bank Account Hacked, With $27k Extra

In a strange twist on a now familiar story, an English woman last May found that her bank account had been accessed by criminals and that the money therein had increased. Amanda Fothergill, 40, of Darlington, received a phone call from a stranger who claimed to have deposited a substantial amount of money in her account. Shocked, Fothergill checked her balance only to discover a brand new deposit of £17,200 (around $27,500). The crook, who would call in ensuing weeks as frequently as once a day, tried to convince Fothergill to transfer £14,000 to another account, leaving her with £3,000 for her trouble. For her part, Fothergill wasted no time in notifying both the police and her bank, Abbey. Sadly enough, her prompt honesty was not exactly rewarded.

Read more →

Web

Malware Robs Your Bank Account and Then Covers Its Tracks

You might want to keep a closer eye on those bank statements. Hackers have developed a sophisticated and scary program that quickly alters online bank statements in order to hide exactly how much money cyber-crooks have been siphoning from the account.

According to Wired, the malware, called URLZone, infects a computer when the user visits a compromised site, or a site set up by hackers. Then, the program steals the user's bank account log-in information and begins draining funds that it then sends to other designated accounts. However, the victim doesn't realize the money is missing because the program rewrites the text in the html code. So, when the browser displays the page, it looks like either no money has been stolen or just a small amount has been transferred.

Read more →

Web

Web Typo Costs Dad Over $60,000

Finder's keepers is a refrain echoed on playgrounds, but a Dutch woman might soon use it as her defense in the courtroom. According to DutchNews, a man from Wageningen, The Netherlands made a costly error while trying to transfer funds from his bank account to his son's. With one wrong keystroke, the man sent about $63,500 to a woman's account in Almelo.

While most sane folks would simply return the misplaced money, this unidentified woman went on a spending spree, where she bought a car and paid off her gambling debts. Details are slim, but DutchNews writes that police found about $14,700 in cash hidden at her house. The man is taking the case to court in an attempt to get the money back.

Read more →

Web

Bank Sues Google for Name of Accidental Identity 'Thief'


All it took for thousands of Rocky Mountain Bank customers' confidential information to be compromised was one unlucky employee's slip of the mouse. Now, the bank is scrambling to protect its customers, but Google isn't cooperating.

According to Wired
, Rocky Mountain Bank is suing Google to reveal the identity of a Gmail account holder who mistakenly received an e-mail containing a bank customer's loan statements, as well as the confidential information of 1,325 individual and business customers. The foolish bank employee later sent another message, asking the still unidentified person to delete the first e-mail and attachment without reading them. Not at all surprisingly, the employee received no reply. Google says it won't identify the account holder unless there's a court order, and even then, the company won't guarantee it will i dentify the person.

Read more →

Cell Phones, iPhone

USAA Bank Customers Can Deposit Checks Via iPhone

Nobody likes making a trip to the bank, with its long lines, stacks of forms and slips, and blandly innocuous Top 40 playlists. For customers of the Texas bank USAA, though, avoiding a visit to the bank is about to get a whole lot easier.

The New York Times reports that USAA bank will allow its customers to deposit checks using the bank's own iPhone app starting some time this week (The bank hopes to bring the service to other phones within the next year.) It's a quick and easy process: Just photograph both sides of the check and send the images to the bank. There's no mailing the check on a later date, either -- it goes directly into the bank's system, as if you'd visited the bank's physical location.

Read more →

Computers, Web

U.S. and E.U. Join Forces to Fight Cybercrime

Cybercrime spans the entire globe, and, until now, there's been little collaboration between nations when it comes to combating international networks of hackers.

The Wall Street Journal reports on the newly formed European Electronic Crime Task Force -- a Rome-headquartered effort between the United States and the European Union. The group is backed by the muscle of the U.S. Secret Service, an Italian cybercrime police unit, and the Italian post office Poste Italiane SpA (PISA). What does a mail system have to do with fighting crime, you ask? Well, many people use PISA to deposit paychecks and pay bills, both online and in person. The Wall Street Journal reports that the post office does more business in its banking and insurance divisions than it does mailing letters and packages.

Read more →

Web

More People Managing Their Finances Online, Survey Finds

If at all possible, we here at Switched avoid making trips to the bank; on the fun-meter, the visits rank right up there with going to the dentist. Long lines, annoying forms, and rude tellers waiting for us once we walk in the door tend to be the normal experience, and it appears we aren't the only folks that feel this way, either.

CNET News writes of a recent survey by the Gartner Group that found 47-percent of those surveyed within the United States conduct their banking business online. Preference for online banking isn't quite as strong across the Atlantic Ocean, though. In the United Kingdom, 30-percent of those surveyed said they handle their finances digitally. The survey also found that those with larger incomes were more likely to bank online.

Read more →

Cell Phones

Text Message Helps Police Nab Fancy Bank Bandit

Technology just keeps making it harder and harder for stupid criminals to make a dishonest living these days -- even if they're wearing disguises and driving fancy getaway cars. According to an AP report appearing on Cellular-News.com, Delroy George Henry, a 34-year-old Boston resident dressed in a suit and driving a BMW, acted as if he were making a withdrawal at a Boston-area bank Tuesday morning.

As employees opened the branch, he forced his way in, drew a pellet gun, and demanded that someone open the vault. Amid the chaos, one brave employee with textual fortitude sent a message to the manager of a nearby branch who in turn notified the authorities. Police, who were serendipitously working near road construction a mere 100 yards away, arrived within moments and arrested the well-dressed Henry as he walked out of the bank.

Read more →

Computers

Computer Glitch Leaves Bank Customers Fuming, Ferrari-less


It's bad enough when your credit or debit card is rejected, but imagine if you tried to make a large purchase and were declined due to a computer glitch. That's what happened to customers of Barclays bank across southern England when a "faulty disc array" took out 1,500 ATMs along with phone and Internet banking services, altogether preventing merchants from processing purchases.

According to BBC News, Mark Taplin of High Wycombe was one of those haplessly caught in the middle of this embarrassment. While some were left borrowing a few dollars for lunch, or wondering why they couldn't access their plane ticket, Taplin was turned away while attempting to purchase his dream car -- a Ferrari. In an e-mail to BBC News, Taplin said, "Trust this to happen the only time in my life that I'm ever likely to buy a Ferrari. I'm not amused."

Read more →

Computers, Web

Court Busts Hacker Over $100,000-Stealing Trojan Horse

A man used hacking software to steal more than $100,000 from banking and brokerage accounts over a six-month period in 2007, according to Macworld. Alexey Mineev recently plead guilty to one count of money laundering in U.S. District Court.

Mineev stole account numbers and passwords from users with a Trojan horse, which can pose as anything from a security patch to a screensaver. Then, he wired the stolen money to accounts in Russia, sometimes moving as much as $10,000 at a time. Security experts told Macworld that it's difficult to recover money once it leaves the U.S. Two other men were charged along with Mineev in the hacking scheme but U.S. authorities cannot touch one of them, because he, like the money, is in Russia.

Read more →

Web, Social Networking

Facebook Update Exposes Couple's Bank Fraud Romp



When a New Zealand couple applied to borrow $NZ10,000 (about $6,000) for the gas station they owned, they could not have possibly foreseen the windfall a simple computing error would bring them. And New Zealand's WestPac bank could not have possibly foreseen Facebook's role in the investigation of the $NZ10 million fraud.

According to the Sydney Morning Herald, when New Zealanders Leo Gao and Kara Yang-Hurring recently found more than $6 million deposited into their bank account (due to a WestPac employee's accidental inclusion of a few extra zeroes), the couple wasted no time in fleeing with their bounty. New Zealand authorities have been tracking Gao and Yang-Hurring since, and were undoubtedly glad to encounter a bone-headed move by one of the couple's several hangers on.

Read more →

Computers

Computer Consultant Allegedly Siphoned $1M From Utah Bank


When consultant jobs are few and far between, you have to make the most out of the ones you can get. Take, for instance, Zeldon Morris. When the Family First Credit Union in Orem, Utah hired the Provo man to fix some bugs in a recent computer upgrade, Morris decided to take some liberties with a few of the accounts, according to Provo's Daily Herald.

According to recently submitted court documents, Morris made false deposits via several electronic transfers into his personal and business accounts from June of 2008 to January of 2009 -- all to the tune of over $1 million. He allegedly used the money to remodel his home, pay off his two car notes, and cover a few mortgage payments. (At least he's propping up Sallie Mae!)

All of this came to the attention of the credit union last month when Morris' business partner, Eunyong Lee, blew the whistle after seeing some suspicious transactions and suspecting that they were related to fraud. Many technology business analysts have been predicting that, as the recession gets worse, more IT professionals will turn to fraud as a means of making money. Court documents say that Family First Credit Union would not have discovered Mr. Morris' scheme if it had not been for Mr. Lee. With that in mind, who knows what other scams we'll hear about long after they've been committed?

Morris was arrested last Wednesday, and arraigned the following day, entering a plea of not guilty. The alleged swindler has been charged with one count of bank fraud. [From: Daily Herald]

Related Links:

Computers

Citigroup Banks Fall for $27 Million Nigerian Scam

Citigroup Banks Fall for $27 Million Nigerian Scam Over the years, we've covered many, many Nigerian scams -- the sort where you'll get an e-mail out of the blue indicating that someone in Nigeria (or another nearby country) will wire you some amount of money if you give them your account information. Naturally, these hackers are just trying to rip you off, and we're hoping that you're wise to their game. We're horrified to learn that officials at Citibank, however, have not wised up, acting on fake letters as if they were real, and actually wiring money to a series of accounts without proper authorization.

Have you ever been the victim of an online scam?



The scam was perpetrated by 37-year-old Paul Gabriel Amos, a Nigerian citizen living in Singapore. With the help of fraudulent documents, Amos asked Citibank to transfer $27 million from a Citibank account held by the National Bank of Ethiopia into 24 different accounts around the world, all of which he and fellow scammers controlled. Amos's misdeeds were thankfully detected, albeit after the transfer was complete; he was arrested when flying into Los Angeles, and is currently being held after being denied bail by a federal judge in Manhattan. If convicted, he could spend the next 30 years in jail.

As for Citibank, well, we guess its latest misstep will just be covered by taxpayer-funded bailouts! [From: The Business Insider]

Switched Video

Follow Switched on Twitter

Deals of the Day

Latest Reviews from CNET.com

CNET provides the latest tech news, unbiased reviews, videos, podcasts, software, and downloads, making tech products easy to find, understand and use.

Top Product Reviews

  • Home Audio Reviews

    9.0 out of 10

    Definitive Technology BPX
    Works great with Dolby Pro Logic and Dolby Digital. Full Review

    9.0 out of 10

    Denon AVR-4306 (black)
    Incredibly well-featured 7.1-channel receiver; excellent sound quality; three HDMI inputs; converts analog video to HDMI output; upconverts analog video to 720p/1080i HD resolution; iPod and USB MP3 player connectivity; Internet radio and MP3/WMA streaming audio via built-in Ethernet port; XM Satellite Radio compatible; touch-screen remote; multizone, multisource operation; browser-based control via home network; accurate autocalibration routine. Full Review

    8.8 out of 10

    KEF KHT3005 (black)
    The KEF KHT-3005 is one compact, beautifully designed speaker package with solid aluminum satellites that feature unique driver technology to produce incredible clarity. Meanwhile, the equally astounding dual 10-inch, 250-watt powered subwoofer delivers ultradeep bass. Full Review

  • Cell Phone Reviews

    8.7 out of 10

    SignalBoost Mobile Professional Amplifier Kit
    The Mobile Professional Amplifier delivers a powerful signal boost to your cell phone. Also, it offers a compact design and easy setup. Full Review

    8.6 out of 10

    Wi-Ex zBoost YX510-PCS-CEL cell phone signal extender
    The Wi-Ex zBoost YX510-PCS-CEL significantly boosts your cell phone reception and is easy to operate. Also, it uses a wireless connection to your phone. Full Review

    8.3 out of 10

    LG VX6000 (Verizon Wireless)
    Compact and stylish; impressive battery life; solid audio quality; sharp color screen; built-in camera; USB ready; affordable. Full Review

  • Digital Camera Reviews

    9.3 out of 10

    Canon EOS 1D Mark III
    Extremely fast, 10-megapixel continuous shooting; very low noise; highly customizable; well-designed body with weather sealing; 3-inch LCD; abundant optional accessories. Full Review

    9.3 out of 10

    Nikon D3 (body only)
    Full-frame sensor; well designed, pro-level weather-sealed body; very low noise, even at extremely high ISOs; fast. Full Review

    9.0 out of 10

    Canon EOS-1Ds Mark III
    Very low noise, high quality images; 21.1 megapixels; live view shooting; pro-level build-quality and performance. Full Review

  • Desktop Reviews

    8.9 out of 10

    Velocity Micro Edge Z30 (Intel Core i7)
    Best value among midrange gaming PCs; Velocity Micro's consistently high build quality; compact case makes few sacrifices; second graphics card slot previously uncommon at this price. Full Review

    8.5 out of 10

    Apple iMac (24-inch, 2.8GHz)
    A minor specification update results in some significant performance gains; graphics upgrade an option on this 24-inch model; sleek, polished design didn't receive an update, but we won't start clamoring for a new design until the current one is at least 12 months old. Full Review

Featured Galleries

Nissan Land Glider
Vintage Keyboards
Retro Computer Logos
Vintage Computer Festival
Motorola CLIQ
iPod touch
iTunes 9
Video iPod Nano
The Beatles: Rock Band

 

Switched Desktop

Get the New Switched Desktop

Latest tech news, Switched mail, and more.

AOL Tech Network

Resources