- From Ransomware to Pig Butchering, Visa Report Shows Top Scams Impacting Consumers and Businesses Globally
March 20, 2024
Today, Visa released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. The report points to increasingly organized, sophisticated threat actors targeting the most vulnerable point in the payments’ ecosystem: humans. Read more… Source: Yahoo News
- ‘Glitch’ at Ethiopia’s biggest bank sees customers withdraw millions that isn’t theirs
March 19, 2024
Ethiopia’s largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw unlimited funds, according to local media reports. More than $40 million was reportedly withdrawn from the state-owned Commercial Bank of Ethiopia or transferred to other banks, as customers discovered they could withdraw more than their total ...
- Experian Is Trying To Force WhatsApp To Hand Over User Data In An ‘Odd’ Court Battle
March 19, 2024
Experian, the $40 billion credit monitoring company, has asked a U.S. judge to force WhatsApp to provide users’ call and message records to aid it in fighting separate lawsuits, according to court records obtained by Forbes. In February, Experian sent two subpoenas to WhatsApp, asking for information that included all phone numbers and call and message ...
- Cybercrime Atlas: International effort to disrupt cybercrime moves into operational phase
March 14, 2024
The Cybercrime Atlas, a massive undertaking that aims to disrupt cybercriminals across the globe, enters its operational phase in 2024, two years after organizers laid the groundwork at the RSA Conference.… Its members now include 20-plus law enforcement agencies, private-sector security companies and incident responders, financial institutions, NGOs, and academics. Over the past year, the investigations ...
- FBI Report Reveals Americans Lost Staggering $3.94 Billion to Crypto Investment Scams in 2023
March 9, 2024
The surge in cryptocurrency scams in 2023, as reported by the FBI, underscores the growing prevalence of digital currency in online crime. With losses reaching $3.94 billion, a 53% increase from the previous year, these scams represent a significant portion of overall investment frauds, which amounted to $4.57 billion. Cryptocurrency scams encompass a range of deceptive ...
- Jersey data breach leaks personal information
March 7, 2024
A data breach at Jersey’s Financial Services Commission has allowed access to non-public names and addresses. The organisation confirmed a “vulnerability” was detected in its Registry system on 23 January. It said the leak did not link any individuals to registered entities or roles held and that it had separately written to those whose names and addresses ...
- Italy privacy watchdog fines Unicredit $3.1 million for data breach
March 7, 2024
Italy’s data protection authority has fined UniCredit, the country’s second-largest bank, 2.8 million euros ($3.1 million) for a data breach case in 2018 affecting thousands of customers and former customers, it said on Thursday. The bank responded that it would appeal the decision to court, adding that no bank data had been compromised and the incident ...
- Insurance giant Fidelity hit by data breach
March 6, 2024
Sensitive information belonging to tens of thousands of Fidelity Investments Life Insurance customers was stolen, reportedly thanks to a supply chain attack that happened in 2023. The insurance giant has filed a data breach notification with the Maine attorney general’s office in which it stated that 28,268 of its customers had their private data leaked after ...
- Third-party breach leads to American Express customer data compromise
March 4, 2024
Payment card provider American Express Company is warning customers that their credit card details may have been exposed following a breach involving a third-party provider. The details were first revealed in a filing with the State of Massachusetts, with a form letter sent to affected customers stating that a third-party service provider “engaged by numerous merchants ...
- New Banking Trojan “CHAVECLOAK” Targets Brazil
March 4, 2024
FortiGuard Labs recently uncovered a threat actor employing a malicious PDF file to propagate the banking Trojan CHAVECLOAK. This intricate attack involves the PDF downloading a ZIP file and subsequently utilizing DLL side-loading techniques to execute the final malware. Notably, CHAVECLOAK is specifically designed to target users in Brazil, aiming to steal sensitive information linked to ...
- Charlotte Cowles’s $50,000 Scam Article, Anyone Can Become a Victim
February 23, 2024
“You must follow my directions very carefully. We do not have much time.” These are some of the words scammers used to influence and ultimately defraud Charlotte Cowles, a financial columnist at New York Magazine, in an elaborate imposter scam that cost Cowles and her family $50,000. In this one line alone, there are two classic ...
- Cybersecurity for satellites is a growing challenge, as threats to space-based infrastructure grow
February 20, 2024
In today’s interconnected world, space technology forms the backbone of our global communication, navigation and security systems. Satellites orbiting Earth are pivotal for everything from GPS navigation to international banking transactions, making them indispensable assets in our daily lives and in global infrastructure. However, as our dependency on these celestial guardians escalates, so too does their ...
- ALPHV ransomware says it was behind attacks on loanDepot, Prudential Financial
February 19, 2024
The infamous ALPHV ransomware operator (also known as BlackCat) has added two companies to its data leak site – Prudential Financial, and loanDepot, in a seeming admission it was behind the attacks on both companies. So far, the group has only added the names to its site, with the actual data not yet available. Apparently, the ...
- Banks refund less than 10% of money stolen by cyber scammers – Bank of Russia’s Chief
February 15, 2024
Russian banks manage to refund less than 10% of the money cyber scammers steal from citizens’ accounts, head of the Bank of Russia, Elvira Nabiullina, said at the Cybersecurity in Finance forum. “Of course, we see that the share of refunds to people who were victims of cyber fraud has increased. But the exact figures – ...
- Prudential reveals it was hit by data breach
February 14, 2024
Hackers were able to break into one of the largest life insurance companies in the United States and stole sensitive employee and contractor data. Prudential Financial has filed an 8-K form with the U.S. Securities and Exchange Commission (SEC) detailing the attack, according to a report. As per the filing, unnamed threat actors accessed the networks ...
- State of Emergency: How Minnesota hospitals, state officials prepare for cyber attacks
February 13, 2024
The State of Minnesota stores and protects data on some six million residents, and that’s only one cache of sensitive information under the close watch of Minnesota IT Services (MNIT). “It’s everything from highways and highway traffic control systems, we run the zoo. We run everything in between,” John Israel, chief information security officer at MNIT, ...
- Bank Of America Warns Customers Of Data Breach Following 2023 Hack
February 13, 2024
A November 2023 breach at IT consulting and service provider Infosys McCamish Systems has now been confirmed to have led to a data breach impacting Bank of America customers. The number of Bank of America customers impacted by the breach, including personally identifiable information such as social security numbers, account numbers, date of birth and addresses, ...
- Coyote: A multi-stage banking Trojan abusing the Squirrel installer
February 8, 2024
The developers of banking Trojan malware are constantly looking for inventive ways to distribute theirs implants and infect victims. In a recent investigation, Kaspersky researchers encountered a new malware that specifically targets users of more than 60 banking institutions, mainly from Brazil. What caught their attention was the sophisticated infection chain that makes use of various ...
- Every tenth Russian faced cybercriminals in 2023 – Bank of Russia
February 7, 2024
Every tenth Russian respondent experienced cybercrime, with losses not exceeding 20,000 rubles (around $220), according to the published results of a survey conducted by the Bank of Russia in 2023. “Last year, there were more people who faced cybercriminals, with every tenth person becoming a victim. Typically, the loss was less than 20,000 rubles. Victims usually ...
- Oman sees surge in cyber crimes
February 5, 2024
The Public Prosecution in Oman has revealed that there were 140 cases of cybercrime in 2023, compared to 126 in 2022 while cases related to online content increased to 2,686 in 2023 from 2,519 in 2022. These cases included misusing financial cards, attempting, assisting, or agreeing to commit information technology fraud. Cases involving a violation of ...