To gamers it will come as no surprise that the industry is huge! I mean really big. A new game can out sell a movie blockbuster, and when you consider a blockbuster movie can now easily cost $200m to make, you can see why there is a huge investment in new games. Time Warner’s “The Dark Knight” took in $238.6 million in its first week in U.S. theaters. The Avengers took $260+ million. How does that compare to games? Call of Duty: Modern Warfare 3 sold a whopping 12m copies in its first week, a total of $738m in revenue in its first... 

Jay Moore The Serious Organised Crime Agency (SOCA) today sent down four scammer behind the Freshshop website. The main character was Jay Moore, pictured, who set up the identity and financial data trading website. SOCA raided the Gloucestershire home of 21 year old Moore to discover a web farm serving request for stolen financial data. It was discovered the website had credit card details of over 340,000 people. The estimated financial lost to the general population was conservatively calculated at USD$40m. When captured Moore had over a USD$265k... 

The disbanded hacking group Lulz Security has apparently risen from the ashes and like all newborns has a new name, LulzSec Reborn. The newly formed hacking group has posted just over 8,000 usernames and passwords on Paste-Bin, hacked from Tweet-Gif, a third party Twitter application that allows you to share animated gifs. The usernames and passwords are dumped in a SQL build file, with the passwords still currently hashed. The file also includes user personal information such as their full name, location, Twitter image, and timestamp of the users... 

An ill wind is blowing. It use to be that we needed to be afraid of the script kiddies trying to penetrate our networks, then we needed to worry about the organised hackers, teaching each other their latest exploits, such as Cult of the Dead Cow, Anonymous or Lulz, but now we have sailed in to dangerous waters. Over the last few months we are seeing a lot more state sponsored activity. First it was Stuxnet, then Duqu and now the latest FLAME! Kaspersky Lab has discovered a new Worm/Trojan that they have code named Flame, and named within their Anti-Virus... 

Hackers calming to be part of the Anonymous hacking group dumped over 1.7GB of data slurped from the US Bureau of Justice Statistics. The data seems to be a collection of data from databases and emails from the US Bureau of Justice Statistics (http://bjs.ojp.usdoj.gov/), which is responsible for publishing national crime statistics. The dump is part of the Monday Mail Mayhem (#MondayMailMayhem or #MMM) operation that Anonymous has attempted to instigate for a few weeks, driving people to make it a regular Monday event. Presumably on a Monday to... 

A 21 year old male from West Sussex, United Kingdom was jailed on the 16th May after hacking in to a private Facebook account. Gareth Crosskey was sentenced after an investigation by the Met Police Central e-Crime Unit. The Police Central e-Crime Unit is a national unit created to respond to serious incidents of cyber crime in the UK and forms part of the government’s response to cyber threats, under the National Cyber Security Program. Crosskey was charged and pleaded guilty under Section 1 and Section 3 of the Computers Misuse Act 1990. The... 

he Virgin Media Website was the subject of a Distributed Denial of Service (DDOS) attack on Tuesday. As a precaution the company took the site offline. The Anonymous Twitter accounts report that the attack was a response to Virgin Media being the first large ISP to block access to the Pirate Bay Website, as required by the High Court ruling handed down last month. Pirate Bay, via their Facebook page, states that they do not support the Anonymous activity and had placed the following comment “We’d like to be clear about our view on this:... 

An Anonymous Hacker hacker calling himself CyberZeist, today released over 280 FBI related email addressed and passwords, apparently hacked via a spear phishing attack. CyberZeist, previously a member of the hacking group UGNazis states that this release is a small portion of a much larger release. Spear Phising relies on the weakest link in IT security, humans. It starts by getting a single email address and sending a targeted email designed to get the user to respond. In this case it looks like a targeted user responded to an email request to... 

Russian hacker Petr Murmylyuk, also known as Dmitry Tokar was charged with conspiracy to commit wire fraud, unauthorized access to computers, and securities fraud. Murmylyuk is accused of being part of a ring that gained access to brokerage accounts from ETrade, Schweb, Scottrade and a number of other online brokerage firms. The ring, once they had access to the accounts would change the account contact details to email addresses and telephone numbers that routed to the hackers. Rather than change the bank details of the accounts, which would have... 

Splunk (SPLK), the network analysis tool provider splurged forward on its IPO. The San Fran based company sold shares at $17 apiece, raising $229. 5 million; valuing the company at $1.57 billion. On April 16, Splunk increased the proposed price range for its IPO to $11 to $13 apiece, from a prior target of $8 Kaspersky to $10. The shares have continued to rise throughout the day, ending on its high at over a 108% increase on the day, at $35.48, leaving the current valuation at over $3 billion. A significant premium over one of its key competitor’s...