Slideshow The Week in Security

Published
  • March 02 2012, 11:20am EST
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Bigger Phish

Apple and Google are bigger threats to personal data than the phishers, according to security expert Bruce Schneier. As large tech companies hoard user data, it gets harder for users to control when that data gets erased, thus leaving it vulnerable.

Wanted

As part of its "Project Holiday" investigation the Toronto Police Service charged seven people with participating in an international ATM card-counterfeiting ring. It has released photos of 12 other people, most photographed near ATMs, whom it is seeking to identify.

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Laundry Day

Due to increased regulatory scrutiny and fines, banks are looking at replacing antiquated anti-money laundering technology with modern systems comparable to what is used to detect fraud on consumer accounts.

Courier’s Cut

An alleged money mule turned the tables on the scammers who hired her by keeping the money she was supposed to help launder.

Get Your Phreak On

The email scam "phishing" gets its name from a phone-hacking technique called "phreaking." WNYC's Radio Lab described how a blind seven-year-old boy with perfect pitch learned how to hack the 1950s-era phone system by whistling tones into any phone.

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WiFi’s Weakness

As banking goes mobile, more consumers may be victimized by connecting to unsecured wireless networks. One expert calls such networks "a hacker's dream."

Nuclear Option

A man is suspected of robbing four banks by threatening to detonate a nuclear weapon. The threat was written on a robbery note handed to the teller; the suspect did not display any weapon while in the bank branches.

Scratch the Chrome

Many times, security holes in browsers are exploited to steal bank account details. Google is hoping to plug those holes by offering cash rewards totaling $1 million to hackers who can find previously undiscovered bugs in its Chrome browser and related software.

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Card Game

U.S. consumers who want to use the secure EMV chip-card format when they travel overseas have another option: JPMorgan Chase's Hyatt card, the issuer's fourth to use an EMV chip. It still includes a magnetic stripe, which is less secure than a chip, for merchants that can't read chip cards.