Airlines go on guard against cyber-fraud

The Internet, a convenience to travelers looking to quickly book a trip, is also a gateway to fraud, costing the airline industry tens of millions of dollars a year.

India's fraud-hit Satyam posts loss but is on the mend

India's fraud-hit Satyam announced Wednesday a loss of 27.6 million dollars for the last fiscal year as it reported its first earnings since an accounting scandal pushed the firm to the edge of bankruptcy.

French police dismantle mobile phone hacking ring

French police have busted a network of mobile phone hackers, a fraud worth millions of euros, and arrested nine people, including employees of cellular phone companies, investigators said Sunday.

India's fraud-hit Satyam seeks delisting from NYSE

India's fraud-hit software firm Satyam Computers said on Friday it plans to delist from the New York stock exchange as it may not be able to meet the US deadline to file restated financial accounts.

10 arrested in European raids on Internet piracy

(AP) -- Belgian police say 10 people have been arrested in raids across Europe against hackers who put illegal copies of movies and television series on the Internet.

Estonian hacker pleads not guilty to bilking cash

An extradited Estonian hacker has pled not guilty to bilking the Royal Bank of Scotland of nine million dollars in a single day by tampering with its payroll debit cards around the world, US officials have said.

US suing Oracle alleging software contracts fraud

(AP) -- The U.S. Justice Department said Thursday it is joining a fraud lawsuit against Oracle Corp. related to software contracts worth hundreds of millions of dollars.

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