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Tuesday, September 14, 2010

They Have Become Better At It. No More 'Somebody left me a large bank account and I need your help' stuff.

"An international cybercrime investigation is underway into a sophisticated scam network that used email and fax to sell an Australian man's AU$500,000 property without his knowledge. The man was overseas when the Nigerian-based scammers stole his credentials and amazingly sold two houses through his real estate agent. He rushed home and prevented the sale of his second home from being finalized. Australian Federal Police and overseas law enforcement agencies will investigate the complex scam, which is considered the first of its kind in Australia. It is alleged scammers had stolen the man's email account and personal and property documents to sell the houses and funnel cash into Chinese bank accounts. Investigating agencies admit the scammers hoodwinked both the selling agents and the government, and said they had enough information to satisfy regulatory requirements. The police did not rule out if the scammers had links to the man."

And on another chilling note:
"Protecting and classifying sensitive information such as social security numbers shouldn't be that hard, but (perhaps not surprisingly) the US government has elevated complicating that task to an art form.
http://www.networkworld.com/community/node/66215
 It seems that designating, safeguarding, and disseminating such important information involves over 100 unique markings and at least 130 different labeling or handling routines, reflecting a disjointed, inconsistent, and unpredictable system for protecting, sharing, and disclosing sensitive information."


This was the conclusion of a recent report (PDF)
http://www.gao.gov/new.items/d10693.pdf
 by the Government Accountability Office, which also "found areas where sensitive information is not fully safeguarded and thus may remain at risk of unauthorized disclosure or misuse."

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