How to avoid buying 13 laptops in 15 minutes, then shipping them to a stranger in Sacramento

Last week I bought 13 laptops from WalMart.com. There were only two problems: I didn't buy them, and they weren't being shipped to my house. I'd been hacked.

Fraudster selling fake Facebook shares caught by SEC

In the mid-1990s, Craig Berkman made a name for himself as a VC. But his bad dealings then and a pile of debt led to desperate measures in the months before Facebook's IPO.

Get in line: Investors flock to hot anti-fraud startup Sift Science

SiftScience has raised $5.5 million from high-profile investors, including Salesforce CEO Mark Benioff, Reddit cofounder Alexis Ohanian, Union Square Ventures, First Round Capital, and more.

British Serious Fraud Office faces an awkward hurdle in its Autonomy investigation

The British Serious Fraud Office (SFO), which is said to be investigating Autonomy on charges of fraud, is also an Autonomy customer.

Paul Ceglia, arrested for fraud in Facebook case, just lost his lawyer

Paul Ceglia, a recently arrested New York businessman suing Facebook founder Mark Zuckerberg for half his company, just lost his attorney after an investigation found Celgia falsified evidence.

Your Facebook messages help companies pump up their likes

Facebook is watching all the links you send in messages in order to increase the the number of likes on any given website. But as Wired notes, this opens the door for companies to bump up their likes dishonestly.

Kickstarter dodges responsibility for failed projects

What happens if a crowdsourced project fails? Do contributors get their money back?

In an NPR interview, Kickstarter co-founder Yancey Strickler seems to suggest that has never happened ... that failed projects which are unable to deliver promised goods are "a bridge that has not yet been crossed."

FBI arrests 24 hackers in $205M credit card fraud scheme

The U.S. Federal Bureau of Investigation arrest 24 hackers today, in a string of cyber crime that could have cost victims $205 million.

According to Reuters, the FBI was able to find the hackers after creating a forum called Carders …

Google ponies up $10M for fraud case patents

Patents may not always rise to the top of tech news, but major companies are gobbling them up every chance they get.

That’s exactly what Google just did with a $10 million IP purchase from the now out-of-business TeraHop, a …

Meet Benedict Van, the con man of Silicon Valley

The Securities and Exchange Commission has finally tracked down a con man who courted naive investors with “the next Google” and promises of quick IPOs, tricking them out of a grand total of $7 million — or more.

The fraudster’s …

Twitter sues spammers to beef up security

If you’re sick of Twitter spam, join the club — a club that now includes Twitter, which is taking spammers to court.

Thursday morning, the social media company filed a lawsuit against some of the biggest, baddest perpetrators of Twitter …

JOBS Act becomes law, but questions linger about potential for fraud

President Obama signed the Crowdfunding Bill, aka the JOBS Act, into law today. It will change the way startups do business in a lot of ways, most notably by making it easier for them to accept smaller investments from a …

Up to 1.5M credit account numbers stolen, says Global Payments

Credit card processor Global Payments released a statement yesterday, admitting that its systems have been compromised. The announcement came after reports surfaced that thousands of credit card accounts had been breached through its machines.

Last week, security researcher Brian Krebbs, …

Over 50K Visa and Mastercard credit cards compromised, banks alerted

Cyber-criminals have stolen Visa and Mastercard credit-card data by hacking into payment processors in New York City parking garages. Visa confirmed that the data — enough to create counterfeit cards — was stolen, and both companies are doing damage control …

Mobile operators lost $58B in 2011 from faulty billing systems

Mobile operators across the globe lost more than $58 billion last year because of deficient billing systems, according to a new study from Juniper Research.

As carriers now support a wider array of devices than ever before, including iPhones, Android …

Researchers create on/off switch for credit cards to prevent RFID theft

Researchers are working on an on/off switch for the next generation of credit cards. No, not to stop you from spending money you shouldn’t, but to help protect you from theft and fraud.

Credit cards are moving away from magnetic …