The FBI has arrested a Russian national for allegedly helping an international cybercriminal gang launder its money by turning cash into bitcoin and other cryptocurrencies, according to court documents.
Emotions about the global pandemic are running high, and attackers are taking advantage. Researchers have observed criminals spreading malware by impersonating official sources, distributing malicious COVID-19 maps and trackers, and malvertising on coronavirus-related news stories.
As security professionals, we...
Data breaches expose a wealth of personal information that can enable cybercriminals to bypass security measures, take over accounts, and compromise enterprise networks. To provide a snapshot of the breach exposure affecting major enterprises, we examined SpyCloud's database and found:
412 million breach assets tied...
A variant of the TrickBot Trojan bypasses two-factor authentication for mobile banking, for example, by intercepting one-time codes sent over SMS, according to IBM X-Force.
Identity risk management. It's more important
than ever. Traditional businesses are taking their
operations fully digital, and newer all-digital
businesses are growing. Both groups need to
onboard new users to their services remotely.
But they also need to monitor the risks to their
platform as their user base...
Typical identity verification solutions are falling short. They're vulnerable to data breaches and hacks. With so much compromised personal information, how do you know your genuine customers from your fraudulent ones? Get it wrong and you leave your business open to fraud.
Download our ebook to learn how to verify...
Europol, along with local police in Spain, Romania and Austria, arrested about two dozen alleged members of two criminal gangs that are accused of stealing millions in euros from bank accounts in several countries by using SIM swapping techniques to steal credentials and passwords.
Account Takeover is now a ubiquitous term, and ATO prevention has become a high priority for cybersecurity leaders. But most of the effort is put toward thwarting high-volume, automated credential stuffing. Less understood are "targeted ATO attacks." Highly effective and difficult to detect, they cause huge damage to...
A key disconnect exists between awareness of financial services fraud schemes and mitigation, according to the latest "Faces of Fraud" survey sponsored by Appgate. Mike Lopez, vice president at the firm, describes some key findings.
Users - One of the Weakest Links in Your Cybersecurity Strategy
They say 'it's all about who you know' - for cybersecurity, that's partially true. If a cyberattacker knows your users, there's a good chance they can get into your network. Why? Because they can take what they know - usually an email address or...
Designing Security as a User Experience
The ongoing battle between attackers and defenders have left valid users caught in the middle. Protecting user accounts with aggressive security policies leads to false positives and needlessly locks valid users out of their account, while lenient security policies lead to...
High-value targets generally attract sophisticated criminals and attacks. This new State of the Internet / Security report looks at financial services and finds several emerging trends which could impact other industries.
Learn about spikes in credential stuffing attacks against APIs, LFI passing SQLi as a leading...
Account Takeover is one of the biggest threats that banks are facing today. With 3.8 billion data records compromised worldwide in 2018, it is evident that despite implementation of cybersecurity measures, digital channels remain vulnerable. Adversaries have a variety of weapons at their disposal, which makes...
Cybercriminals targeted mobile banking users by sending malicious SMS messages to their smartphones as part of a phishing campaign to steal account holders' information, including usernames and passwords, according to the cybersecurity firm Lookout.
Every year, the SpyCloud Credential Exposure Report examines the data cybercriminals have been sharing over the last year and what it means for enterprises and consumers. Our 2020 report shows that password reuse continues to be a serious problem, leaving enterprises and their customers vulnerable to account takeover...
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