According to US law enforcement agencies, Babatunde Osimane and
his accomplice stole the identities of over 100 employees of
Swedish company Telefonaktiebolaget LM Ericsson and drained around
$1.9 million from their stock and credit card accounts.
Osimane pleaded guilty to two counts of mail fraud and one count
of wire fraud, and was ordered to pay $1.1 million in restitution.
He admitted accessing accounts managed by ETrade Group using the
social security numbers provided by ex-Ericsson employee Jeanette
Franklin. Franklin was found guilty of 16 counts of mail and wire
fraud and will face a maximum 80 year prison term when she is
sentenced on 9th July.
Last week, a Colorado graduate student was indicted over an
alleged attempt to extort ransom payments from e-commerce company
Audible. According to reports, the student demanded a new Volvo
estate in exchange for remaining silent about security flaws he
discovered in a web site operated by Audible.
A new EU web site that addresses the issue of illegal and
harmful content on the internet has itself been hacked. The message
placed on the EU web site, Safernet.org, reads: “This is our world!
We are god and we make the rulezzz Happy finding us! The
Netherlands is tha place!”
