German bank customers victims of Internet fraud
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German banks Postbank and Deutsche Bank said that their customers had been recent victims of Internet fraud via copycat web sites.
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New service helps companies thwart online scams.
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Secure shopping websites have made it much more attractive for consumers to spend billions of pounds on the web.   But many shoppers are ignoring basic internet security procedures, opening themselves up to online fraud.
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Consumer group Which? says banks should automatically compensate victims of online phishing frauds.
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Feeding on fat cats A researcher has uncovered malware that targets commercial bank customers by logging into their online accounts and wiring large sums to accounts under the control of criminals.â¦
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Why settle for just emptying an online bank account? Scammers conned both a mortgage firm and a bank to hit an IT director for Â£60,000. UK police are hunting the gang responsible for the scam, and at least nine others like it, that are estimated to have netted ID fraudsters hundreds of thousands of pounds, The Times reports.â¦
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Internet identity theft is one of the fastest-growing crimes in the U.S. today. For five straight years, the Federal Trade Commission (FTC) ranked it as one of the most-reported types of fraud. Despite the increasing awareness of identity theft among consumers and financial institutions, the identity-theft racket shows no signs of slowing. Reported losses from identity theft, currently responsible for over 40 percent of all fraud complaints, approached nearly $300 million last year.
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The banking industry warns online customers to guard against a new wave of sophisticated cyber-fraud.
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Fraudsters have developed a potent new computer program that steals Internet banking customers&#39; details by duping them into opening up
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Despite growing fears about online fraud, a new study finds that most cases of identity theft originate offline.
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Americans lost at least &#36;548 million to identity theft and consumer fraud last year as the Internet provided new victims for age-old scams, according to government statistics released Tuesday.
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German police have arrested 10 people  suspected of being involved in an international Internet scam  which could have cost victims hundreds of thousands of euros,  the Federal Police Office said on Thursday.
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New Web sites have helped to fuel the rampant mortgage fraud that has caused a huge spike in loan defaults.
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Alternative browser features protection against online scams.
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Two clients of Germany&#39;s Postbank have fallen for an e-mail fraud that led them to reveal money transfer codes to a bogus Web site -- the first case of this scam in German, prosecutors say.
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By Elwin Green, Pittsburgh Post-Gazette  Feb. 4--This week's scam may be inoperative by the time you read this,  but on the Internet, one never knows.   The senders of the e-mail pose as BB&T Co., the Raleigh-Durham,  N.C.-based bank.
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In hopes of fighting Internet fraud, some online banking sites make customers use "virtual keypads" &#151; a method of entering passwords on the screen, generally with a mouse.