In today’s Bulldog wrapup of technology news:

  • IBM has uncovered a cyber scam targeting banks
  • 3D Systems makes a buy in China
  • Lawyers to discuss patent reform at Campbell University
  • Hackers hit Israeli sites
  • A revenge porn site operator is going to prison

The details:

  • IBM uncovers bank cyber fraud scheme

IBM recently uncovered and disclosed what is described as a “sophisticated fraud scheme run by a well-funded Eastern European gang of cyber criminals.”

The scheme, called “The Dyre Wolf” by IBM researchers, targeted U.S. companies with a plan built around phishing, malware and phone calls, according to Reuters.

A malware known as “Drye” was used.

  • 3D Systems makes buy in China, setting up subsidiary

D.C.-based 3D Systems, which has an operation in Morrisville after buying Geomagic in 2013 for $55 million, is expanding its imprint in China.

The company has bought Easyway Design and Manufacture Company and will form a subsidiary in China based around that company, reports the Charlotte Business Journal.

  • Patent law reform discussion at Campbell

On April 10, Campbell Law School will host a symposium focused on patent law and litigation. Keynote speaker will be Paul R. Michel, Retired Chief Judge of the Court of Appeals for the Federal Circuit.

“Judge Michel is quite outspoken on the need for patent law reform – and he knows what he’s talking about since he spent 22 years on the bench and has judged thousand of cases.,” the university says.

One of four panel discussions will include Federal judges from the Eastern District of NC.  

For more detailed information, including a list of companies, law firms, and judges that will be participating in the panels see http://law.campbell.edu/news_article.cfm?id=42704&t=patent-law-symposium-set-for-friday

  • Hackers hit Israeli websites after Anonymous threats

Pro-Palestinian hackers disrupted Israeli websites on Tuesday, following threats from the Anonymous hacking collective that it would carry out an “electronic Holocaust,” though Israeli cyber experts said the coordinated attacks caused little damage.

The hacking campaign, which has taken place every April 7 since 2013, is meant to be in protest of Israeli policies toward the Palestinians. In 2013, the hackers first waged the coordinated campaign, dubbed OpIsrael, on the eve of Israel’s annual Holocaust remembrance day.

Israel’s Computer Emergency Response Team, a civilian cyber security group, saidAnonymous attacked a few dozen websites belonging to Israeli musicians and non-profit organizations on Tuesday. Anonymous had vowed it would topple Israeli governmentwebsites, banks and public institutions, though no major disruptions were reported.

The hackers replaced website home pages with photos of a Muslim holy site in Jerusalem and of militants holding the Islamic State militant flag, and posted a message signed by “AnonGhost.”

“We are always here to punish you! Because we are the voice of Palestine and we will not remain silent!” the message read.

  • San Diego revenge-porn site operator sentenced to 18 years

A San Diego man who operated a “revenge porn” website and then charged victims to remove nude images and personal information was sentenced Friday to 18 years in state prison, the attorney general’s office said.

Kevin Bollaert, 28, was convicted in February of 21 counts of identity theft and six counts of extortion in San Diego Superior Court for running a pair of websites that capitalized on the Internet as a forum for public shaming.

Jilted lovers and hackers could anonymously post nude photos of people without their consent, along with personal information about them, at a website Bollaert created called ugotposted.com. More than 10,000 images, mainly of women, were posted between December 2012 and September 2013.

People who sought to have the explicit images taken down were directed to changemyreputation.com and charged $250 to $350 to remove the racy content.