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Data & Analytics News Updates, July 4th 2012
This week’s data and analytics news include a CFTC employee who fell for a phishing scam and the arrests of hackers by US and Chinese officials.

July 04, 2012 | The Asian Banker Editor

CFTC employee falls for phishing scam
A Commodity Futures Trading Commission (CTFC) staff was recently duped by a phishing e-mail and entered information on a fraudulent website, putting the regulator’s employees’ personal information at risk. CFTC chief information officer, John Rogers, has confirmed the incident and said that new computer security controls are being put in place.

Hackers arrested in cybercrime finance sting
US law-enforcement officials have reported the arrest of 24 suspected hackers across four continents in a sting operation targeting online financial fraud involving credit cards and bank data. The two-year investigation helped prevent more than $205 million in losses on over 411,000 compromised consumer and credit and debit cards.

Fraud ring busted in China
Chinese authorities have busted an international fraud ring in China run by Taiwanese suspects, apprehending 600 people in raids over 11 provinces and cities, after it reportedly swindled more than $157 million. The suspects were helped by South Koreans and Korean-speaking Chinese people, who scammed Koreans of their debit card information, whilst some allegedly provided software that modified debit cards’ passwords.


Re-disseminated by The Asian Banker

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Categories: Data & Analytics, Data Management, Risk & Performance
Keywords: CFTC