Text message provider to pay out for Android malware

H-Online: UK regulator PhonepayPlus (fomerly known ICSTIS) has imposed a fine of £50,000 on a payment provider used for an Android malware-based fraud and forced it to reimburse customers’ losses. Last December, unknown perpetrators posted fake versions of popular applications on Google’s Play store (formerly the Android Market) which sent out expensive premium rate text messages. According to Android virus experts Lookout, the applications in question were based on the RuFraud malware and were customized to disguise themselves as 30-plus titles such as Angry Birds, Assassins Creed and Cut the Rope....

May 28, 2012 · 1 min · 184 words · Omid Farhang

Love-Seekers Beware: Online Dating Fraud Rose 150% Last Year

Mashable: Lonely hearts seeking love this Valentine’s Day, be wary. Online dating fraud rose by 150% percent in 2011 as scammers and hucksters turned up the false charm and predatory trolling. That’s according to data shared with Mashable by fraud protection agency Iovation, which works with several major Internet dating services. Iovation reached that number by employing patented technology that analyzes hardware and software, rather than mine for personal information, says Molly O’Hearn, vice president of operations....

February 10, 2012 · 2 min · 388 words · Omid Farhang