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FBI: Massive Fraudulent Online Ad Scheme Affected More Than 4 Million Computers FBI: Massive Fraudulent Online Ad Scheme Affected More Than 4 Million Computers

According to the U.S. Attorney’s office in Manhattan, at least 4 million computers in over 100 different countries fell victim to a giant fraud scheme that involved a sophisticated virus that manipulated search results and used online ads to generate …

In The UK, Inciting Riots On Facebook Will Land You Three Years In Jail In The UK, Inciting Riots On Facebook Will Land You Three Years In Jail
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If you remember those riots that consumed many parts of England back in August, you probably remember all of the discussion regarding social media’s influence on their spread. At the height of the outbursts, triggered by social unrest, Prime Minister …

Raj Rajaratnam Sentenced To 11 Years In Historic Insider Trading Case Raj Rajaratnam Sentenced To 11 Years In Historic Insider Trading Case

The longest prison sentence ever dished out for the crime of insider trading has just been given this morning. Hedge fund billionaire Raj Rajaratnam was sentenced to 11 years in prison for insider trading practices that resulted in over $50 …

Like My Status or I Will Punch You in the Face Like My Status or I Will Punch You in the Face
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Sometimes, liking a particular status on Facebook can get you into trouble. For instance, let’s say your friend posts that she is having the worst day of her life. It might seem as though “liking” that status is kind of …

Full Tilt Poker: A Massive Ponzi Scheme Says U.S. Attorney Full Tilt Poker: A Massive Ponzi Scheme Says U.S. Attorney
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U.S. Attorney in Manhattan Preet Bharara didn’t mince words yesterday when he called out former online poker giant Full Tilt Poker. In a statement, Bharara said that “Full Tilt was not a legitimate poker company, but a global Ponzi scheme. …

Google’s Marissa Mayer Threatened With Bizarre, Lewd Tweets Google’s Marissa Mayer Threatened With Bizarre, Lewd Tweets
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A man has been arrested and indicted on felony charges for using Twitter to harass and ultimately threaten top Google exec Marissa Mayer. Mayer, VP of Maps and Location Services at Google, has become one of the most public faces …

Twitter Helps NYPD Shut Down Gang Meeting Twitter Helps NYPD Shut Down Gang Meeting
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Attention criminals, would-be criminals, rioters, gang members and all who are of interest to local police departments: Social media is public – really really public. And while services like Facebook and Twitter are wonderful platforms for fast, large-scale communication and …

Creep Takes Woman’s Facebook Account Hostage For Nude Pics Creep Takes Woman’s Facebook Account Hostage For Nude Pics
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On one side you have Anonymous hacking into government sites and corporations under the stated purpose of social change, and then you’ve got this guy. John Joaquim III has been charged with first-degree criminal attempt to commit larceny by extortion …

NYPD Patrols Facebook, Twitter For Idiots Who Post About Their Crimes NYPD Patrols Facebook, Twitter For Idiots Who Post About Their Crimes
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Alright, so I’ll be the first to admit it. I’m notoriously hard on people who advertise their crimes on social media outlets. Let’s just say this isn’t the first time I’ve used “idiot” in the title of an article about …

Warren Jeffs Gets Life, Twitter Takes The High Road Warren Jeffs Gets Life, Twitter Takes The High Road
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Americas’ most famous polygamist was sentenced today for his previous convictions involving crimes against children at his Texas compound. Warren Jeffs was given life in prison for his role in the assault of two young girls who he took as …

Idiot Taunts Cops On Facebook, Arrested Shortly Thereafter Idiot Taunts Cops On Facebook, Arrested Shortly Thereafter
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In the world of social media fails, it doesn’t get much better than a fugitive telling the police their general location on Facebook. A 29 year-old self-described rap promoter was arrested by New York Police after issuing a challenge to …

Chinese Gamers Sell Kids To Bankroll Their Habit Chinese Gamers Sell Kids To Bankroll Their Habit
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It’s a tough world out there, and sometimes money can be tight. If you’re a young couple struggling to get by, where do you turn for a little extra cash? If you said “selling your children,” you are in a …

Casey Anthony Not Guilty, Twitter Erupts Casey Anthony Not Guilty, Twitter Erupts
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After a trial that lasted weeks and became a media sensation, it took a jury only 10 hours to find Casey Anthony not guilty of killing her 2-year-old daughter Caylee. The jury of 7 women and 5 men returned with …

Dominique Strauss-Kahn Charges to be Dismissed, Twitter Asks the Tough Questions Dominique Strauss-Kahn Charges to be Dismissed, Twitter Asks the Tough Questions
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It appears that the case against former IMF head Dominique Strauss-Kahn might be coming to an end. According to the NY Post, prosecutors in the case will drop all charges within the next two weeks, possibly at his next court …

British Security Firm Offers To Thwart Burglars With Scheduled Social Media Updates British Security Firm Offers To Thwart Burglars With Scheduled Social Media Updates

We’ve all heard the line that Facebook is the best thing to happen to burglars since the crowbar. Since people (a) are oversharers by nature and (b) rarely think about anything before they act, it won’t take a thorough search …

Utah Man Posts Police Standoff Play-by-Play on Facebook Utah Man Posts Police Standoff Play-by-Play on Facebook
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Don’t let a pesky standoff with the police keep you from social media – Jason Valdez didn’t. The 36-year-old man from Salt Lake City, UT holed himself up in a motel room for 16 hours with what police call a …

PlayStation Network Hackers Arrested in Spain PlayStation Network Hackers Arrested in Spain
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It looks like the first arrests in the April PlayStation Network hack have been made. The Spanish National Police say that they have detained three people – one man and two of unknown gender – in connection with the attacks …

Facebook Troll Sentenced in Australian Court Facebook Troll Sentenced in Australian Court

This extends far beyond your basic rick roller or “first” commenter. Today, Self-titled “troll” Bradley Paul Hampson, a 29 year old Brisbane resident, plead guilty to the possession and distribution of child exploitation material as well as using the internet …

Zeus Trojan Arrests Show Cybercriminals Getting More Vulnerable
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Federal and state authorities have reportedly charged over 60 people in connection with a global cybercrime scheme using the Zeus Trojan to steal millions of dollars from U.S. bank accounts. Trusteer, a secure browsing service, which claims to be in use by over 12 million online banking customers and protects over 70 banks, shared some commentary on the news with WebProNews. The company says it has deep visibility into criminal activity and the Zeus trojan. 

Is Censoring Craigslist the Right Way to Go?
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Update: The EFF has weighed in on the topic, talking about what the censoring means for free speech.

Craigslist has removed the censored box, and the adult section is just gone entirely.

Implications of New Gowalla Feature, Facebook Gift Cards

Gowalla has launched a new feature called "highlights" which it describes as "little rewards you can give to places that are important to your life". MG Siegler talks about the potential significance of such a feature.