New Jersey BOFH cuffed over $10m Cisco scam
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Replacement kit fraud A public sector computer technician from New Jersey has been arrested over allegations he took Cisco for $10m through a fraud that exploited the networking giant's programme for replacing broken or defective kit.â¦
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Cisco Systems will pay $74 million for Perfigo, a developer of packaged network access control products. Perfigo&#39;s product, CleanMachines, will bolster up Cisco&#39;s network security offerings for the small and mid-size business market.
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A group that earlier this year offered for sale the source code of a popular intrusion detection system now is selling what it says is a copy of the source code for a recent version of Cisco Systems Inc.
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p2pnet.net News:- British police have arrested a man in connection with source code stolen from Cisco Systems. The Metro police computer crime unit, &quot;searched residences in Manchester and Derbyshire, England, on Sept.
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Cisco will pay approximately $200 million in cash and options. The acquisition of P-Cube is subject to various standard closing conditions and is expected to close in the first quarter of Cisco&#39;s fiscal year 2005.
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Cisco's Brazilian offices in Sao Paolo and Rio de Janiero were temporarily closed yesterday and employees were reportedly arrested under suspicion of tax fraud amounting to approximately $830 million dollars in unpaid duties.
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Man had been charged with one of the largest such scams in U.S. history.
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A small company claims that Cisco stole its intelligent routing technology, and the company's lawyer is looking for a big pay-out.
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By JORDAN ROBERTSON, THE ASSOCIATED PRESS  SAN JOSE, Calif.  A computer technician working for the city of Newark was arrested on charges he defrauded technology giant Cisco Systems Inc.
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Burning cash festival Cisco tossed the market another curve ball over the weekend, when it swooped on Utah Street Networks, the San Francisco-based outfit behind soap dodger-friendly social network Tribe.net.â¦
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The scam didn't seek much money, just $20 to $60 per business. But add it up across the nation, and the sum easily could reach into hundreds of thousands of dollars, perhaps more.
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Oops, were you guys using that? Vietnam telecom officials estimate it will take at least a month and cost over $5.84m to fix damaged undersea fiber-optic cables stolen by fishermen for salvage.â¦
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Cisco Systems on Monday appeared to further distance itself from a tax scandal in Brazil, saying it can&#39;t vouch for everything its channel partners do.In the case, in which four Cisco employees and 44 other people reportedly have been arrested, Cisco&#39;s Brazilian unit has been accused of importing $500 million worth of telecommunications and networking equipment without paying the necessary duties, according to a Reuters report.The case has shed a rare negative light on Cisco&#39;s business practices. The company, which operates around the world and is experiencing strong growth in developing countries, has a reputation for conservative practices and solid accounting.In its latest statement, the networking vendor explained its indirect sales model and said more than 90 percent of its business in Brazil goes through channel partners. That&#39;s more than the worldwide rate, which is over 80 percent, Cisco said.&quot;If fiscal fraud occurred in the companies that distribute or resell Cisco products, Cisco is not necessarily responsible for these misdeeds,&quot; the statement said. &quot;While we hire highly respected audit firms to perform random audits of our distributors, no corporation engaging in an indirect sales model can directly vouch for or control every action of its distributors.&quot;The company has used a channel model around the world for years, letting local distributors and value-added resellers customize products locally, Cisco said. The company works with more than 55 certified channel partners to sell products in Brazil. Some channel partners buy products directly from Cisco and some from authorized Cisco distributors, it said.The company has more than 250 employees in Brazil, which represents 1 percent of the company&#39;s worldwide business, it said. Cisco said it remains fully committed to doing business in the country.Cisco said it is cooperating with the authorities and conducting its own inquiry to understand the situation and provide as much information as possible, but said it would be wrong to comment further now. Cisco has said before that it does not believe it acted inappropriately.&#160;
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Coral Springs Â· A former Coral Springs firefighter who was bound with plastic handcuffs last year during an apparent firehouse hazing incident will receive a $10,000 settlement, city records show.
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There&#39;s a wireless router gathering dust in Bob LaRocca&#39;s office. It&#39;s yours if you can hack into his network.First, some background: &#160;LaRocca is director of IT security with the School District of Palm Beach County in Florida, where he oversees a network of 60,000 computers in 175 schools and which he says covers more acres than any other school district east of the Mississippi River. Computer security has traditionally been a low priority in the public school system, but that&#39;s not the case in Palm Beach County.That&#39;s because a computer breach stung the school system in a very public way two years ago when local papers reported that Jeff Yorston, a student at one of the county&#39;s schools, got hold of an administrative password and gave himself an &quot;A&quot; in a French class he never took. He also managed to boost the grades of a few friends.Yorston was discovered when another student complained that her ex-boyfriend -- with worse grades than she had -- was accepted into the University of Florida while she had been rejected. He has since paid a fine and agreed to state supervision in connection with the charges, according to the Palm Beach Post.After an investigation, county officials discovered that they hadn&#39;t been hacked. Instead the breach occurred because of a leaked password. &quot;One of the administrators lent her password out to one of the students who was working on a project,&quot; LaRocca said. &quot;That&#39;s what happens when you share passwords. We could put $1 million worth of controls in place, but when I give you my password, all bets are off.&quot;LaRocca says that the grades-changing incident was &quot;a wake-up call for the district,&quot; which has now made security a top priority.Palm Beach County has spent more than $1.5 million over the past two years overhauling systems throughout the county&#39;s schools. It has upgraded the county&#39;s desktops with anti-virus, host intrusion prevention, and network access control software from McAfee. Network-based intrusion detection and content filtering have also been added, and the county is now logging its grading systems, which have much stricter access controls.The county has also made security awareness a priority, taking steps to educate users about safe online behavior.And that&#39;s where the hacking challenge comes in. LaRocca issued it as part of an April security awareness event held at county schools, setting up a target server that attackers would have to break into in order to claim the prize. This type of &quot;capture the flag&quot; game is popular at hacking conferences.Any students who might see the contest as a chance to hack the system, change their grades, and win a router need to think again. &quot;We set up a honeypot server that they specifically had to hack into and capture a flag,&quot; he said. &quot;We didn&#39;t say if you go in and change your grades you&#39;ll get a router.&quot;That hasn&#39;t deterred some attackers. Thanks to the publicity surrounding his Wi-Fi challenge, LaRocca says the schools are being hit by about 16,000 online attacks per day.Still, LaRocca says the insider threat remains his biggest concern. &quot;All my hackers are inside the network,&quot; he said. &quot;I&#39;m not too worried about the ones from the outside.&quot;
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Payout strengthens anti-stalker law A bank which purchased the names and addresses of more than 650,000 people in the US has been ordered to pay a $50m fine. The case was brought by a Florida resident against Fidelity Bank and also included the Electronic Privacy Information Centre.â¦
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By Annys Shin  The Better Business Bureau network was the target of a "spoofing" scam last week in which thousands of businesses in the United States and Canada received e-mails encouraging them to download what is thought to be a computer virus.