Mar 18
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BOSTON (Reuters) – Hackers have flooded the Internet with virus-tainted spam that targets Facebook’s estimated 400 million users in an effort to steal banking passwords and gather other sensitive information.
The emails tell recipients that the passwords on their Facebook accounts have been reset, urging them to click on an attachment to obtain new login credentials, according to anti-virus software maker McAfee Inc.
If the attachment is opened, it downloads several types of malicious software, including a program that steals passwords, McAfee said on Wednesday.
Hackers have long targeted Facebook users, sending them tainted messages via the social networking company’s own internal email system. With this new attack, they are using regular Internet email to spread their malicious software.
A Facebook spokesman said the company could not comment on the specific case, but pointed to a status update the company posted on its web site earlier on Wednesday warning users about the spoofed email and advising users to delete the email and to warn their friends.
McAfee estimates that hackers sent out tens of millions of spam across Europe, the United States and Asia since the campaign began on Tuesday.
Dave Marcus, McAfee’s director of malware research and communications, said that he expects the hackers will succeed in infecting millions of computers.
“With Facebook as your lure, you potentially have 400 million people that can click on the attachment. If you get 10 percent success, that’s 40 million,” he said.
The email’s subject line says “Facebook password reset confirmation customer support,” according to Marcus.
(Additional reporting by Alexei Oreskovic; Editing by Bernard Orr)
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Mar 18
robUncategorized
AP – Hewlett Packard Co. said Thursday that it has reached a settlement with three companies that have been accused of infringing on the printer company’s patents for ink cartridges.
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Mar 18
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AP – A man fired from a Texas auto dealership used an Internet service to remotely disable ignitions and set off car horns of more than 100 vehicles sold at his old workplace, police said Wednesday.
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Mar 18
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AP – Palm Inc. on Thursday reported sales figures that showed it’s having a difficult time getting consumers to pay attention to its phones in a market dominated by iPhones and BlackBerrys.
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Mar 18
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AP – YouTube co-founder Steve Chen once warned a fellow co-founder to stop posting pirated videos on their Web site, according to court documents unsealed Thursday as part of a 3-year-old copyright lawsuit against the online video leader.
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Mar 18
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The former chairman of Anglo Irish Bank, Sean FitzPatrick, was arrested Thursday in connection with an investigation into financial fraud, The New York Times reported, citing a person close to the investigation.
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Mar 18
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Opponents of Senator Christopher J. Dodd’s financial regulation overhaul bill are talking tough, telling members of the American Bankers Association how displeased they are without mincing words, with the House minority leader going so far as to call members of Senator Christopher J. Dodd’s team “little punk staffers.”
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Mar 18
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Warren E. Buffett has long been regarded as the biggest rock star in the financial world. But in a video made by employees of Geico, he decides to just rock out.
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Mar 18
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Deutsche Bahn, the company in charge of German railways, said Thursday that it was in talks with the British transport firm Arriva about a possible acquisition.
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Mar 18
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The onus for resolving Greece’s financial crisis appeared to move closer to the International Monetary Fund on Thursday, as Berlin distanced itself from any bilateral or European support for the Greek government.
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Mar 18
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Jerome B. York, the sharp-eyed financial expert who warned General Motors of a looming financial disaster and aided the billionaire investor Kirk Kerkorian in efforts to drive up the price of Chrysler stock, died Thursday. He was 71.
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Mar 18
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In his most detailed examination of the causes of the financial crisis, Alan Greenspan, the former Federal Reserve chairman, acknowledges that the Fed failed to grasp the magnitude of the housing bubble but argued that its policy of low interest rates from 2002 to 2005 did not cause the bubble, The New York Times reported Thursday.
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Mar 18
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Another View: Ashvin Rao of Lehman Brothers Holdings and Jane McDonald and Christopher Machera of Weil, Gotshal & Manges examine the complexities of spinning out asset management businesses.
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Mar 18
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Lehman Brothers, which is being liquidated in bankruptcy, said Thursday that it was now seeking a total of billion from Barclays of Britain, including a billion “windfall” that the firm contends that Barclays received when it bought Lehman’s North American brokerage.
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Mar 18
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A federal judge on Thursday barred a financial Web site, Theflyonthewall.com, from issuing immediate news about analysts reports from Wall Street firms, often before that information is shared with the firms’ clients.
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Mar 18
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Radim Kralik, his wife, Barbora Kralikova, and their two children live in a modern concrete box built on top of a 1943 grain silo.
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Mar 18
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Angela Merkel, chancellor of Germany, said in a speech before the German Bundestag on Wednesday that the country was on the path to decide on important new banking rules, and criticized Britain’s position on proposed EU hedge fund regulation.
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Mar 18
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Greece’s prime minister warned his European Union partners on Thursday that he would not be able to make planned deficit cuts unless the country can borrow money more cheaply — and said he would prefer not to have to turn to the International Monetary Fund for help, Reuters reported.
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Mar 18
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Some big name investors are kicking the tires of GMAC’s troubled residential mortgage unit, Residential Capital, Reuters reported.
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