Analyst says three unidentified US banks have been hit with "low powered" DDoS attacks to cover fraudulent wire transfers.
The server has since been secured, but it was on the open market for cybercrooks last week, reports Reuters.
Digital criminals are expanding their social-networking nefariousness beyond Facebook and Twitter to try to trick users into downloading malicious payloads.
Technology is increasingly the target of crimes, but it can also be used to fight back against the perpetrators.
Cybercriminals are changing focus from grabbing private information to now stealing trade secrets and other intellectual properties from major corporations.
Next year will see more cybercrooks hiring people to help create and deploy botnets, which will likely trigger further cooperation in security community to shut down malware at its source.
A new hacking program lets cybercriminals generate phony receipts for Amazon goods, which they're using to get refunds for items that they claim were lost in the mail.
A new plug-and-play device for factories and power plants could stop malicious code from triggering a major malfunction, or worse.
Google takes the Project Glass camera for a spin, orangutans are communicating with iPads, and the prices are dropping for Ultrabooks.
Lots of players target the U.S. in economic and other espionage, but old Cold War foes stand out as both aggressive and capable.