Two Russian nationals have been charged with using phishing techniques and spoofed domains to steal over $16 million from three cryptocurrency exchanges in 2017 and 2018, according to the U.S. Justice Department.
Many financial institutions have deployed fraud fusion centers as a way to help mitigate risks. But as fraudsters revamp their techniques, banks need to revamp these centers to keep up, says Jeff Dant of BMO Financial Group, who will speak at ISMG's Virtual Cybersecurity and Fraud Summit: Toronto.
Dunkin' Brands' settlement with the New York state attorney general of a lawsuit tied to a 5-year-old data breach affecting its Perks rewards cardholders could open the door to suits by other states - as well as customers.
Federal prosecutors have unsealed indictments charging five Chinese suspects - alleged members of the China-linked APT41 hacking group - with breaching more than 100 companies, government agencies and other organizations around the world.
The Justice Department has unsealed an indictment of two alleged hackers for defacing over 50 U.S. websites in what federal prosecutors call a campaign of retaliation following the death of Iranian Major General Qasem Soleimani earlier this year.
From Friday through Monday, malicious JavaScript skimming code was injected into nearly 2,000 e-commerce sites that were running an older version of Adobe's Magento software, possibly resulting in the theft of payment card data, according to Sanguine Security.
Fighting payment fraud requires protecting far more than just payment data, says Sujay Vasudevan, vice president of cyber and intelligence solutions at Mastercard, who describe key steps.
The IRS is offering grants of up to $625,000 to tech companies that devise ways to help the tax agency trace cryptocurrency transactions as part of its investigations into money laundering and other types of cybercrimes.
Potentially capping a fraught political showdown, China's TikTok, which is owned by Beijing-based ByteDance, has chosen Oracle to be its U.S. "technology partner," rejecting a bid by Microsoft. But Chinese state media suggests reports of a deal might be premature.
Independent bug hunters who find flaws in products and services often struggle to hand off their vulnerability report to someone in a position to get it fixed, says longtime security researcher Daniel Cuthbert. He describes steps organizations must take to be able to receive - and act on - bug reports.
A recently uncovered Linux malware variant dubbed "CDRThief" is targeting VoIP networks to steal phone metadata, such as caller IP addresses, ESET reports. The malware appears to be designed for cyberespionage or fraud.
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
The U.S. Cybersecurity and Infrastructure Security Agency is warning of an increase in targeted distributed denial-of-service attacks against financial and government organizations worldwide. And security firms also are tracking the incidents in these and other sectors.
Visa's payment fraud disruption team is warning of a recently uncovered digital skimmer called "Baka" that is stealing payment care data from e-commerce sites while hiding from security tools.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
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