Security is important: At an Internet cafe in Yangon, Myanmar last month. A California computer scientist who has studied the economics of cybercrime and pushed the auto industry to address hacking threats to vehicles will be awarded one of the world's top computing prizes on March 30. — Reuters
NEW YORK/WASHINGTON: An unidentified American company was defrauded last year out of nearly US$100mil (RM392.24mil) by individuals who created a fake e-mail address in order to pose as one of its legitimate vendors, US authorities said.
The details of the scheme came as the US government filed a civil forfeiture lawsuit in federal court in Manhattan seeking to recover about US$25mil (RM98.06mil) in proceeds derived from the fraud held in at least 20 bank accounts around the world.
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