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Online investment fraud rose 50% in the pandemic as savers lost £535m

por Marcy Partin (20/07/2021)


ALEX BRUMMER: Government sits n t hands a private... en got nto podcasts, ith a subscription service nd th purchase f podcast publisher Wondery.

Jenny Ross, money editor t Which?, aid: _Fraudsters have dded t th suffering tt many people ave faced y sing te pandemic and th increase n online shopping a a springboard fr tricking a growing number of victims.

Securities nd Exchange Commission.  CZI spokesperson d not explain hy t sales ere suddenly paused and resumed ut tld Forbes that Zuckerberg' sales a conducted through pre-determined plans filed t th U..

n ednesday, Google released blog post here t disclosed t Chrome software flaws tt Citizen Lab found connected t Candiru.
Google lso d not refer t Candiru by nam, but escribed it s a "commercial surveillance company." Google patched t t vulnerabilities earlier t ear.

NEW DELHI, uly 15 (Reuters) - Alphabet Inc' Google ramping cloud infrastructure n India ith econd cluster f data centres n nd ound capital ew Delhi t meet increasing customer demands n key growth market, senior company executives aid.

Those types f covert systems cost millions of dollars and a ften sold n a subscription basis, making t neessary fr customers t repeatedly pay provider fr continued access, people familiar ith th cyber arms industry told Reuters.

"Candiru's growing presence, and the use of its surveillance technology against global civil society, is a potent reminder that the mercenary spyware industry contains many players and is prone to widespread abuse," Citizen Lab aid n it report.

"We have seen enormous growth in demand for Google cloud services in India so expanding our footprint in a new cloud region gives us the ability to offer more capacity for growth over many years," Thomas Kurian, CEO at Google Cloud, told news conference t eek ahead f a formal announcement n hursday.



"Sourgum generally sells cyberweapons that enable its customers, often government agencies around the world, to hack into their targets´ computers, phones, network infrastructure, and internet-connected devices," Microsoft wrote n blog post.



The hacking tool vendor, named Candiru, reated nd sold software exploit tht an penetrate Windows, ne f many intelligence products sold b secretive industry tat finds flaws n common software platforms fr their clients, said a report Citizen Lab.

e lso oversaw efforts tht reated devices from th Kindle -reader t th Echo smart ome ystem, forays nto television nd movies ith Prime Video, nd ventures nto th orld f groceries, including t purchase f Whole Foods Markets. uly 15 (Reuters) - n Israeli group sold tool t hack nto Microsoft Windows, Microsoft nd technology human rights roup Citizen Lab aid n hursday, shedding light n th growing business f finding nd selling tools t hack idely sed software.

Evidence f th exploit recovered Microsoft Corp suggested it w deployed gainst users n everal countries, including Iran, Lebanon, Spain and th United Kingdom, according t t Citizen Lab report.

h Mail s pushing through t Stamp ut Investment Fraud campaign for online scams t b included n t ill, web giants uch Google and Facebook - and hosting providers h sell space fr websites n the internet - have legal duty t check adverts nd backlink sites hich they host re not fraudulent.

owever, Greens lawmaker Patrick Breyer, responsible fr shepherding th DSA through Parliament n behalf f th assembly' civil liberties nd justice committee, wants more emphasis n fundamental ights and digital privacy n t rules.

Proposed t European Commission n ecember last ear, th Digital Services ct (DSA) forces th tech giants t more t tackle illegal ontent uch as hate speech nd child sexual abuse material n their platforms.

H proposals nclude t ight t and pay fr digital services anonymously herever easonably feasible, phasing ut behavioural nd personalised targeting for non-commercial and political advertising and no obligation n platforms t block access t ontent.

BRUSSELS, July 14 (Reuters) - A key U lawmaker at te European Parliament steering the debate n tough ne rules aimed at Facebook, Google and ther large online platforms, secured acking t beef Europeans' fundamental rights n t draft rules.

espite te rise in online investment scams, uring time hen criminals tk advantage f savers stuck t home sing the internet t find a lace to invest their cash, t Government has fr refused t nclude financial harm n t Online Safety ill.

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Bezos ill leave h role fter aving built juggernaut tht reshaped online retail nd tat gained cloud computing market share b building on th infrastructure Amazon neded t n ts wn giant sales platforms.