Alarming news: “This is a serious new threat that is actively targeting American financial institutions. To the best of our knowledge the scheme has already netted nearly $80M worldwide, and it could be much higher. The innovative, sophisticated nature of this scheme further escalates the importance of implementing layered security, including anomaly detection solutions that have been proven to be able to detect these attacks.”

A recent massive cyber raid dubbed “Operation High Roller” netted at least 60 million Euro ($80 million) stolen from high balance bank accounts from credit unions, large multinational and regional banks.

According to a report generated by software security firms McAfee and Guardian Analytics, “If all of the attempted fraud campaigns were as successful as the Netherlands example we describe in this report, the total attempted fraud could be as high as 2bn euro (£1.6bn).”

Experts found that an automated malicious software program used servers to process attempted thefts from commercial firms and individuals. The stolen money was traced to “mule accounts” in caches of a few hundreds and 100,000 euro (£80,000).

Sky News reported that McAfee researchers tracked the global fraud across countries and continents and identified 60 different servers, many of them in Russia.

Ogling with Google

Project Glass, Google’s new video eyeglasses, will let users capture video with a camera built into the frame. According to a report in the Daily Mail, the super specs are “likely to appeal to runners, bicyclists and other athletes who want to take pictures of their activities as they happen.” The eyeglasses also are particularly appealing to porn film producers for obvious reasons.

Google co-founder Sergey Brin reportedly got jazzed about the project “when he tossed his son in the air and a picture taken by the glasses captured the joyful moment, just the way he saw it. ‘That was amazing,’ Brin said. ‘There was no way I could have that memory without this device.'”

The new super glasses also run apps, the Internet and social networking sites, and will cost about $1,500. According to the report, those attending a computer programmer conclave in San Francisco last week were given the first shot at using the device, which won’t be available for sale to the public until early next year.

Password protect your wireless connection!

Here’s a good reason to keep your Wi-Fi connection password protected. An 18-year-old girl named Stephanie Milan at home watching TV was “SWATted” by police who had the wrong address. According to MSNBC, the girl’s Wi-Fi connected computer was hijacked to route threats that police believed was in the works against themselves and their families.

“Whoever made these threats, the Courier & Press wrote, likely remotely routed them through the Milan’s open Wi-Fi connection, which means it could have been used from an outside location. It’s possible the Milans, or specifically Stephanie, were targets of “swatting,” a particularly nasty prank by which the perpetrator – often through hoax 911 calls – tricks a SWAT team into raiding a house of his choosing.”

Related: How your home Wi-Fi network can be hacked in minutes.

Amazon Cloud leaves movie watchers in the dark

Northern Virginia residents who were engrossed in a movie streaming onto their screen from Amazon or Netflix last Friday night were probably disappointed when the stream ceased, causing a blackout. Severe weather was the culprit, knocking out Amazon’s Elastic Compute Cloud, which also streams Netflix, Pinterest, and Instagram, among others.

What does this mean for public cloud computing?

Facial recognition comes to Facebook

Facebook recently acquired, the company whose apps identify friends’ faces in photos. Though Facebook already has a face-recognition feature on its site,’s technology could improve Facebook’s mobile face recognition.

But here’s the good, the bad and, yes, even the ugly news: “Facial recognition blows up assumptions that we don’t wear our identities on our person; it turns our faces into name tags,” said Ryan Calo, director of privacy at Stanford’s Center for Internet and Society. “It can be good and helpful, or it can be dangerous.”

Here’s how and why.

Related – Ads in YOUR face.

Facebook sharing likened to sex, eating? So tell me about yourself. You’re never too old to connect through Facebook. Where will your online social media data be in the next century?

Today you can edit FB’s comments!

Facebook gets you ready for London Olympics! And, a Coalition prepares FB CEO for “no ads” to kids.

Apple gets bitten

After admitting it misled Aussie customers about iPad’s compatibility with high-speed 4G nets, Apple was fined $2.29 million.

Financial Times reports the ruling came “after Australia’s consumer and competition watchdog claimed that the U.S. tech group broke the country’s consumer law by advertising that the new iPad can run on 4G mobile networks using a sim card, which is not the case.”

How does Google rank its search results?

That’s what Texans want to know. Does the Internet web search giant – which conducts an estimated two-thirds or more searches – favor its own content and properties?

Reuters reported, “The Lone Star state’s probe is just one of several spearheaded by federal regulators, foreign governments and individual U.S. states, all seeking clarity on how the Internet search leader ranks its search results.”

“We have shared hundreds of thousands of documents with the Texas Attorney General, and we are happy to answer any questions that regulators have about our business,” a Google statement read.

For its part, Google said it was cooperating with the investigation.

European regulators soon are expected to release key rulings in an “EU investigation that began in 2010, in a case that marks a coming-of-age for the Internet giant whose once oft-quoted mantra was ‘don’t be evil.'”

Meanwhile, Western governments tell Google to remove content.

While the Chinese tighten their Internet censorship, Western governments, including the United States, appear to be stepping up efforts to censor Internet search results and YouTube videos, according to a “transparency report” released by Google.

According to this CNN report, Dorothy Chou, a senior policy analyst at Google, wrote in a blog post last week, “It’s alarming not only because free expression is at risk, but because some of these requests come from countries you might not suspect – Western democracies not typically associated with censorship.”

Bits & Bytes

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