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Group in N.Y. Arrested in Alleged Cyber Crime Thefts

Prosecutors filed charges on Thursday against a group of eight people who allegedly helped steal $45 million in a matter of hours through thousands of coordinated transactions at automated teller machines around the globe.

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Cybercriminals Sniff Out Vulnerable Firms

With cybercriminals a greater threat to small businesses than ever before, more entrepreneurs like Lloyd Keilson are left asking themselves who is to blame for hacking attacks that drain their business accounts.

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Arrests Made in Massive Online Sting Operation

Federal authorities have arrested 24 people in the U.S. and a dozen other countries in what they say is the largest-ever undercover operation targeting the global online trade of stolen credit-card numbers.

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Carriers Band to Fight Cellphone Theft

The nation’s major wireless providers have agreed to a deal with the U.S. government to build a central database of stolen cellphones — part of a broad effort to tame an explosion of thefts nationwide.

Facebook Loses “The Godfather” Exclusive to Google’s Game Network

Is Facebook losing some of its game? Kabam has chosen to exclusively launch its new big social title on Google instead of Facebook.
godfather

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Software Finds Place in Posse

Law-enforcement and intelligence agencies are increasingly relying on information from the Web and electronic records to help solve crimes and evaluate threats, producing a stream of new business for companies that can help them crunch the data.

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Rajaratnam Gets 11 Years in Insider-Trading Case

Raj Rajaratnam, the face of the biggest trading scandal in a generation, was sentenced to 11 years in prison, one of the longest-ever terms handed down for an insider case.

Zynga Continues String of New Games With Mafia Wars Sequel

Another one of Zynga’s original game franchises on Facebook is getting a major facelift.
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News Byte

SEC Files Insider Trading Charges in Disney-Marvel Deal

The Securities and Exchange Commission has charged a California man with insider trading in the run-up to the 2009 Disney-Marvel deal. The SEC says Toby G. Scammell took advantage of his girlfriend, an “extern” working at Disney’s corporate strategy department, to learn about the company’s $4 billion acquisition of the comic book company, and used the information to make a $192,000 profit trading call options. The SEC hasn’t charged Scammell’s girlfriend, who it describes as “exploited.” Press release; complaint (PDF)

After Riots, U.K. Prime Minister Floats Social Media Crackdown

“When people are using social media for violence we need to stop them.”
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Real Estate Site Trulia Acquires Movity

Video Condolences to the Hudson Family