S.E.C. Moves Against Spam That Pushes Hot Stocks
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The S.E.C. suspended trading in 35 stocks promoted in recent spam campaigns and said further investigation could lead to arrests.
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Legitimate mortgage lenders inadvertently support--and get tangled in--spam traps.
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Your e-mail gets spammed, your instant messaging client gets spammed, your blog comments get spammed... and now your printer doesn't have to feel left out, because researcher Aaron Weaver has discovered how the sellers of pump-and-dump stocks and dubious chemical concoctions can get you there, too.
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Spammers are a key adopter of a technology meant, in part, to fight spam.
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The online community/portal company&#39;s offensive against spammers began this week, when it started distributing a screensaver that conducts a denial-of-service attack against sites that market products via spam.
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Pump-and-dump spam designed to look like investment newsletter pushed German stock, trading volume grew by 20 percent.
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A [major spam outbreak] hit the Internet Wednesday causing the stock it was pumping to jump significantly in trading volume, according to communications security company IronPort.
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Enterprise security products that once focused solely on spam are broadening scope to tackle messaging issues, compliance violations, phishing scams, and viruses.
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A massive "pump and dump" stock scam spam attack was launched yesterday, sending out as many as 5 billion messages touting a German stock to recipients worldwide.
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Eleven people, including one of the top spammers in the world, were indicted on Thursday for allegedly sending millions of unsolicited e-mails intended to inflate the price of Chinese penny stocks.The U.S. Department of Justice (DOJ) called the scheme one of the largest spamming and fraud operations in the U.S. The 41-count indictment charges the defendants with conspiracy, several types of fraud, and money laundering.The indictment alleges the group sent spam via botnets, or networks of hacked computers. A three-year investigation revealed the e-mails, which implored investors to buy cheap stocks, contained fake headers and other misleading information, the DOJ said.After the price of a stock increased, the defendants sold at the artificially inflated price, a practice known as a&#160;pump-and-dump&#160;scam, according to the indictment. In mid-2005, the stock spam netted the defendants around $3 million, the DOJ said.Those charged include Alan M. Ralsky, 52, of West Bloomfield, Michigan. Spamhaus, a London-based organization that tracks spamming operations, listed&#160;Ralsky as one of the top professional spammers&#160;in the world. Also indicted was Ralsky&#39;s son-in-law, Scott K. Bradley, 46.Ralsky settled with Verizon after being sued in 2002 over spam. Ralsky and his company, Additional Benefits, agreed to pay Verizon and to stop sending spam on Verizon&#39;s network.Three of the 11 accused have been detained, and the rest -- including Ralsky -- are being sought, the DOJ said.
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A plan to bump up the bandwidth bills of spammers seems to be getting out of control. Earlier this week Lycos Europe released a screensaver that bombards spam websites with data to try to increase the cost of running such sites.
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nazarijo writes &quot;In an article entitled Spammers using sender authentication too, study says, Infoworld reports that a study by CipherTrust shows that SPF and Sender ID (SID) aren&#39;t nearly as effective as we expected them to be when combatting spam.
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Lycos Europe this week introduced a controversial weapon in the fight against spam: a screensaver that attacks spam Web sites. Lycos&#39; &quot;Make Love, Not Spam&quot; screensaver software is designed to use a PC&#39;s spare
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As many as 18 million Hotmail subscribers will be weaned Monday from a free service that lets them export e-mail to another mail client, under Microsoft MSN&#39;s new spam-fighting plan.
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Rampages through the Pink Sheets The Securities and Exchange Commission (SEC) today hit back at 'pump and dump' fraudsters by suspending trading in 35 companies that have been the "subject of recent and repeated spam email campaigns". Next step of its pleasingly named "Operation Spamalot", is to find the perpetrators and bring them to justice.â¦
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By MARCY GORDON  WASHINGTON - The Securities and Exchange Commission on Thursday suspended trading in 35 companies whose shares were touted in e-mail spam campaigns.
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In a new take on fighting spam, Web portal Lycos Europe has launched a screensaver designed to bombard Web sites promoted in unsolicited e-mail.