- Cyber Signals: Inside the growing risk of gift card fraud
May 23, 2024
Multifactor authentication Security operations In the ever-evolving landscape of cyberthreats, staying ahead of malicious actors is a constant challenge. Microsoft Threat Intelligence has observed that gift cards are attractive targets for fraud and social engineering practices. Unlike credit or debit cards, there’s no customer name or bank account attached to them, which can lessen scrutiny of ...
- Bank of Russia reports rising number of cyber attacks on financial infrastructure
May 23, 2024
The Bank of Russia reported an increase in the number of attacks on suppliers of various IT solutions used in the financial market, the regulator said in its report. “It is particularly noteworthy that attacks on third parties – suppliers of various IT solutions utilized in the financial market – have increased in frequency in 2023. ...
- Optus sued by regulator over 2022 cyber-attack
May 23, 2024
Australia’s Communications and Media Authority (ACMA) has begun legal action against Optus, the country’s second largest telco, over a data breach it suffered in 2022. The watchdog has filed legal proceedings to the Federal Court, alleging that Optus “failed to protect the confidentiality of its customers’ personal information from unauthorised interference or unauthorised access,” and was ...
- Attacks by politically motivated hackers on Russia turning into terrorism
May 23, 2024
Attacks by politically motivated hackers against Russia have morphed into acts of terrorism as they involve intimidation and threats of physical harm, Head of Solar’s security operations center Solar JSOC, Vladimir Dryukov said. “Of particular concern is the issue of social engineering, which aims to directly intimidate and cause physical harm,” Dryukov told TASS on the ...
- Cyber attacks on construction firms jump, new report finds
May 23, 2024
A new report has said that cyber attacks on construction companies doubled in the first quarter of this year compared to the same period in 2023. Risk advisory firm Kroll said the increase in attacks was “most likely due to the increased sophistication of business email compromise for either financial gain or as a pivot into ...
- London council warns residents’ data may have been compromised by cyber attack on healthcare provider
May 22, 2024
A London council has warned residents their personal data may have been compromised after a healthcare provider was hit by a cyber attack. The City of London Corporation said it is working with NRS Healthcare to understand the extent of the breach, and will be in contact with any residents whose information has been taken. The ...
- Patriot Mobile Suffers Data Breach Impacting Subscriber’s Personal Data
May 21, 2024
U.S. mobile service provider Patriot Mobile fell victim to a security incident resulting in the leak of subscriber details including names, email addresses, zip codes, and account PINs, as reported by TechCrunch. The operator, Patriot Mobile, which boasts itself as a “Christian conservative wireless provider” with an estimated customer base under 100,000, has been seen endorsing ...
- 23-year-old man accused of running $100 million online narcotics marketplace
May 21, 2024
Federal authorities have arrested a 23-year-old Taiwanese national and charged him with running an online market that sold $100 million worth of illicit narcotics, including fentanyl, cocaine, methamphetamine, heroin, LSD, and ketamine. The authorities said that for almost four years, Rui-Siang Lin operated and owned the Incognito Market, an online marketplace on the dark web that ...
- Western Sydney University staff, students caught in cyber attack
May 21, 2024
About 7500 staff and students have been caught up in a massive cyber attack at Western Sydney University. Police are investigating the breach, which the university says dates as far back as May 2023, when an unauthorised party got into the Microsoft Office system and accessed email accounts and SharePoint files. WSU says they have not ...
- Deepfake video conference sees criminals escape with US$25 million
May 20, 2024
In February, a multinational company’s finance team member in Hong Kong made headlines after he transmitted HK$200 million (US$25 million) to cybercriminals who pretended to be the chief financial officer and other colleagues, using deepfake technology, in what the worker thought was a legitimate video conference. Now it’s been revealed that it was UK engineering group ...