Cybercrime wave whacks European banks

By GIXnews

By Ellen Messmer, Network World | July 22nd, 2014 Banks across Europe are now coping with a wave of cybercrime in which crooks are transferring funds out of customer accounts through a scam involving bypassing some two-factor authentication systems to steal large sums, according to a security firm assisting in the investigation. The funds transfers…

Google sets up cybercrime-busting task force

By GIXnews

By Joab Jackson, IDG News Service | July 15th, 2014 After unearthing the Heartbleed flaw, Google sets up a research group dedicated to finding vulnerabilities in Web software. Google has set up an internal task force that will work to expose the activities and techniques of malicious Internet wrongdoers, aiming to cut down on the…