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New Mirai Worm Knocks 900K Germans Offline

More than 900,000 customers of German ISP Deutsche Telekom (DT) were knocked offline this week after their Internet routers got infected by a new variant of a computer worm known as Mirai. The malware wriggled inside the routers via a newly discovered vulnerability in a feature that allows ISPs to remotely upgrade the firmware on the devices. But the new Mirai malware turns that feature off once it infests a device, complicating DT's cleanup and restoration efforts.

Visa Delays Chip Deadline for Pumps To 2020

Visa this week delayed by three years a deadline for fuel station owners to install payment terminals at the pump that are capable of handling more secure chip-based cards. Experts say the new deadline -- extended from 2017 -- comes amid a huge spike in fuel pump skimming, and means fraudsters will have another three years to fleece banks and their customers by installing card-skimming devices at the pump.

‘Avalanche’ Global Fraud Ring Dismantled

In what's being billed as an unprecedented global law enforcement response to cybercrime, federal investigators in the United States, United Kingdom and Europe today say they've dismantled a sprawling cybercrime machine known as "Avalanche" -- a distributed, cloud-hosting network that for the past seven years has been rented out to fraudsters for use in launching countless malware and phishing attacks.

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