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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 23, 2013
Page
10
Russian language sites like Forum zloy bz and Forum evil showcase a criminal underground offering hacking services Trojan programs credit card fraud and phishing. Western firms face billions in losses as attackers sell tools lure victims and carry out online banking theft.
In Moscow an analyst notes Russia leads in quality of cyber crime despite global variability. Probes show Russians among top fugitives in the United States and a major banking card fraud case harmed JC Penney JetBlue and Carrefour, tallying over 300 million dollars. Prosecution risk appears low, fueling skilled hackers.
Two industry veterans join ACT in Iowa City. Richard Patz will become chief measurement officer overseeing research development and validation. Wayne Camara will be senior vice president of research heading kindergarten through career education efforts. Both start Sept. 5.
Sears Holdings CEO Edward Lampert blamed high pension obligations for diverting resources from stores after a steeper than expected quarterly loss amid weak sales. He noted $3.7 billion debt, $681 million cash, and $1.6 billion available credit, with $194 million net loss in Q2.
The Gazette offers a weekly quick discussion on commodities including grain livestock and gasoline prices. It previews the week's market topics and factors affecting prices.
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