The FBI warns of cyber criminals impersonating financial institutions to steal money or information in Account Takeover (ATO) fraud schemes. The cyber criminals target individuals, businesses, and organizations of varied sizes and across sectors.
In ATO fraud, cyber criminals gain unauthorized access to the targeted online financial institution, payroll, or health savings account, with the goal of stealing money or information for personal gain. Since January 2025, the FBI Internet Crime Complaint Center (IC3) received more than 5,100 complaints reporting ATO fraud, with losses exceeding $262 million.
Read more…
Source: U.S. Federal Bureau of Investigation Cyber Division
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- Kaspersky hearing with House committee set for late October
October 6, 2017
In the latest installment of the ongoing saga of Russia-based cybersecurity firm Kaspersky Lab and the U.S. government, the company has a new date with Congress. Rescheduling a hearing originally set for last week, the House Committee on Science, Space and Technology has set a new hearing for October 25, Reuters reports. News of the rescheduled hearing comes a day after ...
- U.S. Believes Russian Spies Used Kaspersky Antivirus to Steal NSA Secrets
October 6, 2017
Do you know—United States Government has banned federal agencies from using Kaspersky antivirus software over spying fear? Though there’s no solid evidence yet available, an article published by WSJ claims that the Russian state-sponsored hackers stole highly classified NSA documents from a contractor in 2015 with the help of a security program made by Russia-based security firm Kaspersky ...
- HP Enterprise let Russia review the Pentagon’s security software
October 5, 2017
Last year, Hewlett Packard Enterprise (HPE) allowed a Russian defense agency to analyze the source code of a cybersecurity software used by the Pentagon, Reuters reports. The software, a product called ArcSight, is an important piece of cyber defense for the Army, Air Force and Navy and works by alerting users to suspicious activity — such as a ...
- How cyber impacts the full spectrum of terror threats
September 27, 2017
Despite the immediate logistical demands of three catastrophic hurricanes in the last two months and various geopolitical flashpoints, cybersecurity remains a key issue and very much on the minds of top federal defenders. “There is no longer a ‘home game’ and an ‘away game,'” for homeland security, DHS Acting Secretary Elaine Duke said at a Sept. ...
- Security experts: Iran-backed hackers targeting U.S. and Saudi Arabia
September 21, 2017
Cybersecurity firm FireEye has identified a new group of hackers, known as APT33, that it says has been working on behalf of the Iranian government since 2013. The group has “potential destructive capabilities,” FireEye warned. “The campaigns that were laid out were not just aligned with the Iranian government but with the Iranian military,” said Stuart ...
- Federal CISOs want more education and training to help boost incident response
September 13, 2017
Federal CISOs agree that investment in workforce training and education is the key to increasing incident response capabilities. If budgets weren’t an issue, Department of Homeland Security CISO Jeffrey Eisensmith said during a panel on CISO priorities for 2018 at the Sept. 13 Billington Cybersecurity Summit in Washington, D.C., he would put a “significant investment in ...