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:
- Government Cybersecurity Contractor Hit in W-2 Phishing Scam
March 17, 2017
Just a friendly reminder that phishing scams which spoof the boss and request W-2 tax data on employees are intensifying as tax time nears. The latest victim shows that even cybersecurity experts can fall prey to these increasingly sophisticated attacks. On Thursday, March 16, the CEO of Defense Point Security, LLC — a Virginia company that ...
- What’s In Shodan? Analyzing Exposed Cyber Assets in the United States
March 15, 2017
The United States is home to millions of unsecured and exposed cyber assets. By “unsecured” and “exposed” we don’t necessarily mean that these devices have already been compromised. Rather, this means they are vulnerable to cyber attacks due to inadequate security or poor configuration. Some cyber assets may even have remote access enabled for troubleshooting ...
- NSA hacking chief’s mission impossible: Advising White House on cybersecurity
March 15, 2017
NSA hacking crew bossman Rob Joyce is set to join US President Donald Trump’s National Security Council as a cybersecurity adviser. Joyce headed up the NSA’s Tailored Access Operations division, the spy agency’s elite computer exploitation squad. Whispers have been sloshing around since the weekend that Joyce was tapped to shape cybersecurity policy for the Trump administration. ...
- US Military Security Clearance Files Leak Due to Unsecured Drive
March 13, 2017
US Air Force documents were left on an unsecured backup drive, exposing highly sensitive personnel files on over 4,000 senior and high-ranking officers. According to MacKeeper Security Researchers, the gigabytes of files were accessible to anyone because there was no password to protect the backup drive. It seems the information found there varied from names and ...
- Security Fail: Hackers Drawn to Energy Sector’s Lack of Controls
March 8, 2017
Oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations, according to a newspaper investigation. A stretch of the Gulf Coast near Houston features one of the largest concentrations of refineries, pipelines and chemical plants in the ...
- WikiLeaks reveals CIA files describing hacking tools
March 6, 2017
WikiLeaks published thousands of documents Tuesday described as secret files about CIA hacking tools the government employs to break into users’ computers, mobile phones and even smart TVs from companies like Apple, Google, Microsoft and Samsung. The documents describe clandestine methods for bypassing or defeating encryption, antivirus tools and other protective security features intended to keep ...