Subscribe free to our newsletters via your
. 24/7 Space News .




INTERNET SPACE
Privacy is dead, Davos hears
By Richard CARTER
Davos, Switzerland (AFP) Jan 22, 2015


Email scam nets $214 mn in 14 months: FBI
Washington (AFP) Jan 22, 2015 - An email scam which targets businesses with bogus invoices has netted more than $214 million from victims in 45 countries in just over one year, an FBI task force said Thursday.

The Internet Crime Complaint Center, a joint effort of the FBI and the nonprofit National White Collar Crime Center, said the losses were calculated from October 1, 2013 to December 1, 2014.

In the scheme, fake invoices are delivered to businesses which deal with overseas suppliers, asking for payment by wire transfer.

"The fraudulent wire transfer payments sent to foreign banks may be transferred several times but are quickly dispersed," the task force said in a statement.

"Asian banks, located in China and Hong Kong, are the most commonly reported ending destination for these fraudulent transfers."

The scam has claimed 1,198 US victims and 928 in other countries, according to the statement. US firms have lost more than $179 million of the total.

The FBI "believes the number of victims and the total dollar loss will continue to increase," the statement said.

In one version of the scheme, a business which works with overseas supplier is contacted by phone, fax or email asking for payment. The emails are "spoofed" to look as if they came from the legitimate supplier. Phone and fax requests also appear genuine.

In another version, email accounts of high-level executives are compromised to allow the criminals to request a wire transfer, often including instructions to "urgently send" funds.

A third version of the scheme involves the hacking of an employee's email account, which then sends out bogus invoices to vendors or suppliers.

The FBI task force said vulnerable businesses should avoid using free Web-based emails for official accounts and to exercise caution about posting company information on websites and social media.

the group also suggests additional security steps such as two-step verification or digital signatures.

"Always verify via other channels that you are still communicating with your legitimate business partner," the statement said.

Imagine a world where mosquito-sized robots fly around stealing samples of your DNA. Or where a department store knows from your buying habits that you're pregnant even before your family does.

That is the terrifying dystopian world portrayed by a group of Harvard professors at the World Economic Forum in Davos on Thursday, where the assembled elite heard that the notion of individual privacy is effectively dead.

"Welcome to today. We're already in that world," said Margo Seltzer, a professor in computer science at Harvard University.

"Privacy as we knew it in the past is no longer feasible... How we conventionally think of privacy is dead," she added.

Another Harvard researcher into genetics said it was "inevitable" that one's personal genetic information would enter more and more into the public sphere.

Sophia Roosth said intelligence agents were already asked to collect genetic information on foreign leaders to determine things like susceptibility to disease and life expectancy.

"We are at the dawn of the age of genetic McCarthyism," she said, referring to witch-hunts against Communists in 1950s America.

What's more, Seltzer imagined a world in which tiny robot drones flew around, the size of mosquitoes, extracting a sample of your DNA for analysis by, say, the government or an insurance firm.

Invasions of privacy are "going to become more pervasive," she predicted.

"It's not whether this is going to happen, it's already happening... We live in a surveillance state today."

- 'Nasty little cousin' -

Political scientist Joseph Nye tackled the controversial subject of encrypted communications and the idea of regulating to ensure governments can always see even encrypted messages in the interests of national security.

"Governments are talking about putting in back doors for communication so that terrorists can't communicate without being spied on. The problem is that if governments can do that, so can the bad guys," Nye told the forum.

"Are you more worried about big brother or your nasty little cousin?"

However, despite the pessimistic Orwellian vision, the academics were at pains to stress that the positive aspects of technology still far outweigh the restrictions on privacy they entail.

In the same way we can send tiny drones to spy on people, we can send the same machine into an Ebola ward to "zap the germs," Seltzer said.

"The technology is there, it is up to us how to use it," she added.

"By and large, tech has done more good than harm," she said, pointing to "tremendous" advances in healthcare in some rural areas of the developing world that have been made possible by technology.

And at a separate session on artificial intelligence, panellists appeared to accept the limit on privacy as part of modern life.

Rodney Brooks, chairman of Rethink Robotics, an American tech firm, took the example of Google Maps guessing -- usually correctly -- where you want to go.

"At first, I found that spooky and kind of scary. Then I realised, actually, it's kind of useful," he told the forum.

Anthony Goldbloom, a young tech entrepreneur, told the same panel that what he termed the "Google generation" placed far less weight on their privacy than previous generations.

"I trade my privacy for the convenience. Privacy is not something that worries me," he said.

"Anyway, people often behave better when they have the sense that their actions are being watched."

The World Economic Forum in the swanky Swiss ski resort of Davos brings together some 2,500 of the global business and political elite for a meeting that ends Saturday.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





INTERNET SPACE
Improved interface for a quantum internet
Innsbruck, Austria (SPX) Jan 21, 2015
Quantum computers are no longer just a theoretical concept. In recent years, researchers have assembled and successfully tested the building blocks for a future quantum computer in the laboratory. More than a dozen candidate technologies are currently being studied; of these, ion traps are arguably the most advanced. In an ion trap, single atoms can be confined and precisely controlled by ... read more


INTERNET SPACE
Service Module of Chinese Probe Enters Lunar Orbit

Service module of China's lunar orbiter enters 127-minute orbit

Chinese spacecraft to return to moon's orbit

Russian Company Proposes to Build Lunar Base

INTERNET SPACE
Team Working on Strategy to Fix Flash Memory Issue

UA-led HiRISE camera spots long-lost space probe on Mars

Lost and found in space: Beagle 2 seen on Mars 11 years on

Crystal-Rich Rock 'Mojave' is Next Mars Drill Target

INTERNET SPACE
European spaceplane is "powered up" for its Feb 11 launch

Tech barons paint rosy future at Davos despite security fears

U.S. food headed for ISS stalled in Russian customs

US venture capital funding near dot-com boom levels

INTERNET SPACE
China launches the FY-2 08 meteorological satellite successfully

China's Long March puts satellite in orbit on 200th launch

Countdown to China's new space programs begins

China develops new rocket for manned moon mission: media

INTERNET SPACE
Russian Cargo Spacecraft to Supply ISS With Black Caviar

Astronauts' year-long mission will test limits

Astronauts prepare for year-long stay on space station

Astronauts take shelter after alarm at space station

INTERNET SPACE
Client Pauses Launch of Proton Rocket Carrying British Satellite

Google aboard as Musk's SpaceX gets $1 bn in funding

Soyuz Installed at Baikonur, Expected to Launch Wednesday

Russian firm seals $1 billion deal to supply US rocket engines

INTERNET SPACE
Three nearly Earth-size planets found orbiting nearby star

Three-Planet System Holds Clues to Atmospheres of Earth-size Worlds

Meteorites weren't exactly the building blocks of young planets

A twist on planetary origins

INTERNET SPACE
Laser-generated surface structures create extremely water-repellent metals

New laser-patterning technique turns metals into supermaterials

Satellite telemetry tracks bearded vultures

Japan researchers target 3D-printed body parts




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.