This is what happens when you reply to spam email

From TED -

#Suspicious emails: unclaimed insurance bonds, diamond-encrusted safe deposit boxes, close friends marooned in a foreign country. They pop up in our inboxes, and standard procedure is to delete on sight. But what happens when you reply? Follow along as writer and comedian James Veitch narrates a hilarious, weeks-long exchange with a spammer who offered to cut him in on a hot deal."

Credit card fraud comes of age with advances in point-of-sale botnets

From arstechnica

“Underscoring the growing sophistication of Internet crime, researchers have documented one of the first known botnets to target point-of-sale (PoS) terminals used by stores and restaurants to process customers' credit and debit card payments.

The botnet remained active at the time of writing and had compromised more than 20,000 payment cards since August, researchers from IntelCrawler, a Los Angeles-based security intelligence provider, told Ars. The researchers arrived at the findings after infiltrating one of the control servers used to send commands to infected machines and receive pilfered data from them. A recently captured screenshot (above) showed that it was controlling 31 machines that the researchers said belonged to US-based restaurants and retailers. Some of the infected machines are servers, so the number of affected PoS devices could be much higher. The researchers have reported their findings to law enforcement agencies that they declined to identify by name.”

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Just One of Many Internet Scams

“A good friend of mine called me recently to ask what I knew about scams from online sales. He had placed an ad on CraigsList for something he was trying to sell and had asked for $150 for the item. He had received a call from a woman and she offered to send him a check for the item” ... so writes Robert Siciliano. 

Read his full story here>>