Language Selection

English French German Italian Portuguese Spanish

Computers help tech-savvy counterfeiters cash in

Filed under
Misc

The popularity and affordability of home computers have revolutionized one of the nation's oldest crimes: counterfeiting.

Thanks to advances in digital copying technology, desktop computers and color printers now produce about 97% of today's fake $5, $10 and $20 bills, says Jonathan Cherry, a U.S. Secret Service spokesman. About 80% of counterfeit $50 bills are made with home computers.

That's a significant jump since 2003, when 46% of all counterfeit money passed in the USA was made with digital technology, according to the Secret Service.

Many phony bills being churned out come from inexpensive inkjet printers and scanners available at bargain electronics stores.

Once the province of criminals who fancied themselves artists, today's counterfeiters are often young people with computers looking to make enough fake money to fund a weekend of fun. Others are petty crooks and drug dealers.

Last year, the Secret Service estimates, $43.4 million in counterfeit money was passed in the USA. There is $700 billion in genuine U.S. currency worldwide.

Full Story.

More in Tux Machines

Mature, easy-to-deploy Open Source Cloud computing software platform boasts improved efficiency and performance.

The Apache CloudStack project announced the immediate availability of Apache CloudStack v4.4.1, the latest version of the turnkey Open Source cloud computing software platform used for creating private-, public-, and hybrid cloud environments. Apache CloudStack clouds enable billions of dollars' worth of business transactions annually across their clouds, and its maturity and stability has led it to has become the Open Source platform for many service providers to set up on-demand, elastic public cloud computing services, as well as enterprises and others to set up a private or hybrid cloud for use by their own employees. Read more

ownCloud Asks Canonical to Remove Their Software from Ubuntu Repos, Sparks Fly

A member of the ownCloud security team has sent a request to Canonical asking them to remove all the packages from their repositories regarding this software stack. The problem is that things are not that simple. Read more

Mozilla's Webmaker App Could Spur Firefox OS App Developers

Mozilla continues to push ahead with its Firefox OS mobile operating system, which is arriving on phones in many markets around the world. In fact, the company has aligned its whole strategy around the mobile platform. The OS is gaining enough traction that many observers see it as eventually being competitive with iOS and Android phones, but I've made the point that If Firefox OS is to be a resounding success, it's going to need a very healthy ecosystem of apps to attract users. Apps count for a lot in the mobile game. Read more

Tiny Android SBC taps quad-core A31s SoC

Boardcon launched a 92 x 65mm “Compact A31S” SBC that runs Android 4.2.2 on a quad-core Allwinner A31s SoC backed up with 2GB of soldered RAM and 4GB flash. Boardcon Embedded Design offers a wide variety of Android-based single board computers and COMs that incorporate Samsung system-on-chips, and now the Shenzhen-based OEM manufacturer is spreading out to the quad-core Allwinner A31s. The Compact 31S SBC is touted for its tiny dimensions, and indeed it’s pretty small considering all you’re getting here. It’s only 92 x 65mm, compared to 148 x 108mm for Boardcon’s Samsung Exynos4412 based EM4412 SBC. Read more