- Ransomware ‘catastrophe’ at Fidelity National Financial causes panic with homeowners and buyers
November 27, 2023
Last Tuesday, Fidelity National Financial, or FNF, a real estate services company that bills itself as the “leading provider of title insurance and escrow services, and North America’s largest title insurance company,” announced that it had experienced a cyberattack. Since then, homeowners who have mortgages and prospective buyers who are purchasing properties with FNF or one ...
- The Rug Pull: A Million-Dollar Scam With A Fake Token Factory
November 21, 2023
In the dynamic realm of cryptocurrency, recent events have highlighted the ever-present threat of Rug Pulls—deceptive maneuvers that leave investors empty-handed. Threat Intel Blockchain system, developed by Check Point, recently sounded the alarm on a sophisticated scheme that managed to pilfer nearly $1 million. Let’s delve into the details of this elaborate crypto con and understand ...
- Social engineering attacks lure Indian users to install Android banking trojans
November 20, 2023
Microsoft has observed ongoing activity from mobile banking trojan campaigns targeting users in India with social media messages designed to steal users’ information for financial fraud. Using social media platforms like WhatsApp and Telegram, attackers are sending messages designed to lure users into installing a malicious app on their mobile device by impersonating legitimate organizations, such ...
- ‘I employ a lot of hackers’: how a stock exchange chief deters cyber-attacks
November 18, 2023
Six Group counts its profit in millions, but the financial pipework it controls moves billions. Its operations, which include the Spanish and Swiss stock exchanges, count as critical national infrastructure and this gives it a close relationship with governments and regulators in Madrid and Zurich. Those relationships are critical in an age where digital warfare makes ...
- Toyota finance business confirms ransomware attack, data breach
November 18, 2023
Toyota Financial Services (TFS), a subsidiary of the popular automaker, has confirmed suffering a ransomware attack. In a statement company stated that Toyota Financial Services Europe & Africa “recently identified unauthorized activity on systems in a limited number of its locations.” The company only mentioned unauthorized activity on its endpoints and didn’t discuss if any data ...
- Credit card skimming on the rise for the holiday shopping season
November 14, 2023
As we head into shopping season, customers aren’t the only ones getting excited. More online shopping means more opportunities for cybercriminals to grab their share using scams and data theft. One particular threat Malwarebytes Labs researchers are following closely and expect to increase over the next several weeks is credit card skimming. Online stores are not ...
- Gang says ICBC paid ransom over hack that disrupted US Treasury market
November 14, 2023
China’s biggest lender, the Industrial and Commercial Bank of China, paid a ransom after it was hacked last week, a Lockbit ransomware gang representative said on Monday in a statement which Reuters was unable to independently verify. ICBC, whose U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury market on ...
- YouTube shows ads for ad blocker, financial scams
November 10, 2023
After performing local experiments for a few months, YouTube recently expanded its effort to block ad blockers. The move was immediately unpopular with some users, and raised some questions in Europe about whether it was breaking privacy laws. In addition, there are some still some fundamental issues that have some people concerned. In this blog post, ...
- U.S. arm of China mega-lender ICBC hit by ransomware attack
November 10, 2023
The U.S. arm of China’s largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the U.S. Treasury market. Ransomware attacks typically access vulnerable computer systems and encrypt or steal data, before sending a ransom note demanding payment in exchange for decrypting the data or not releasing ...
- Mortgage and loan giant Mr. Cooper blames cyberattack for ongoing outage
November 2, 2023
Mortgage and loan giant Mr. Cooper says a “cybersecurity incident” earlier this week was the cause of an ongoing outage, adding that the company is “working to resolve the issue.” The Texas-based company said in a statement on its website that on October 31, Mr. Cooper “became the target of a cyber security incident and took ...
- SolarWinds and its CISO accused of misleading investors before major cyberattack
November 1, 2023
The Securities and Exchange Commission (SEC) has announced charges against software company SolarWinds Corporation and its chief information security officer (CISO), Timothy G. Brown, for “fraud and internal control failures relating to allegedly known cybersecurity risks and vulnerabilities.” In 2020, SolarWinds announced it had been hacked and that its compromised software channel was used to push ...
- ING CISO says data sharing is key to financial cybersecurity
October 30, 2023
Compliance has been the traditional focus of IT departments in financial institutions, but as cyber threats continue to evolve, the financial industry needs to look to each other to help protect the wider ecosystem. Finextra spoke with Beate Zwijnenberg, chief information security officer at ING, about some of the challenges the bank is facing across ...
- Octo Tempest crosses boundaries to facilitate extortion, encryption, and destruction
October 25, 2023
Microsoft has been tracking activity related to the financially motivated threat actor Octo Tempest, whose evolving campaigns represent a growing concern for organizations across multiple industries. Octo Tempest leverages broad social engineering campaigns to compromise organizations across the globe with the goal of financial extortion. With their extensive range of tactics, techniques, and procedures (TTPs), ...
- Stealer for PIX payment system, new Lumar stealer and Rhysida ransomware
October 24, 2023
In Brazil the PIX payment system is becoming more and more popular. Unsurprisingly, cybercriminals are jumping on the bandwagon, trying to abuse the system for their profit. A good example of this is GoPIX, a malware campaign that has been active since December 2022. The attack cycle begins when a potential victim searches for “WhatsApp web”. ...
- From Copacabana to Barcelona: The Cross-Continental Threat of Brazilian Banking Malware
October 23, 2023
Proofpoint researchers have long tracked clusters of malicious activity using banking malware to target users and organizations in Brazil and surrounding countries. Recently, researchers observed multiple threat clusters targeting Spain from threat actors and malware that have traditionally targeted Portuguese and Spanish speakers in Brazil, Mexico, and other parts of the Americas. While the targeting ...
- Top crypto firms named in $1bn fraud lawsuit
October 19, 2023
US prosecutors have accused three high-profile cryptocurrency firms of defrauding investors of more than $1bn. New York Attorney General Letitia James said Gemini, a crypto exchange, had lied to customers about the risks of an investment account it offered, which paid high interest rates on crypto. Genesis, a crypto lender, and its parent company Digital Currency ...
- Equifax fined £11 million by financial watchdog over 2017 cyber attack
October 13, 2023
The UK’s financial watchdog has fined Equifax £11 million for its role in one of the largest cyber attacks, which affected more than 13 million British consumers in 2017. The credit rating giant failed to keep its customers safe during an “entirely preventable” cybersecurity breach, the Financial Conduct Authority (FCA) said. Read more… Source: Yahoo Newss
- India’s Bank of Baroda expose worsens: Agents steal money from accounts
October 12, 2023
India’s Bank of Baroda made it simple and easy for its agents to steal money from the accounts of its customers. And some of them did steal 2.2 million rupees ($27,000) from 362 customers, internal audit reports and records of the bank have revealed. The audits come after an expose by The Reporters’ Collective (TRC) and ...
- Qakbot-affiliated actors distribute Ransom Knight malware despite infrastructure takedown
October 5, 2023
In a late August 2023 operation involving the FBI and many international partners, law enforcement agencies seized the infrastructure and cryptocurrency assets used by the Qakbot malware, dealing considerable damage to the group’s operations. Many people in the security industry wondered whether this would mean that the Qakbot affiliates were gone forever or just temporarily ...
- A cryptor, a stealer and a banking trojan
September 28, 2023
Last month Kaspersky researchers covered a wide range of cybercrime topics. For example, Kaspersky published a private report on a new malware found on underground forums that they call ASMCrypt (related to the DoubleFinger loader). But there’s more going on in the cybercrime landscape, so the researchers also published reports on new versions of the Lumma ...