Marketplace®

Daily business news and economic stories
Oct 5, 2012

Marketplace Tech Report for Friday, October 5, 2012

The penalty: $163 million. The crime? Using something called “Scareware.” This particular Internet scam delivers fake popups saying, “you’ve got a virus,” followed by a prompt to solve the problem and clean up your computer with the help of your credit card. Of course, once you’re that far, they’re quite possibly helping you dissassemble your computer’s security system as well. This week, the FTC is continuing a multinational crackdown on this particular kind of scam, shutting off phone lines and cutting off bank accounts.

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The penalty: $163 million. The crime? Using something called “Scareware.” This particular Internet scam delivers fake popups saying, “you’ve got a virus,” followed by a prompt to solve the problem and clean up your computer with the help of your credit card. Of course, once you’re that far, they’re quite possibly helping you dissassemble your computer’s security system as well. This week, the FTC is continuing a multinational crackdown on this particular kind of scam, shutting off phone lines and cutting off bank accounts.