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:
- Venezuela’s PDVSA suffers cyberattack
December 15, 2025
Venezuela’s state-run oil company PDVSA has been subject to a cyberattack, it said on Monday, adding its operations were unaffected, even though four sources said systems remained down and oil cargo deliveries were suspended. PDVSA and the oil ministry blamed the U.S. for the cyberattack on Monday, saying it was carried out by “foreign interests in ...
- Data breach at credit check giant 700Credit affects at least 5.6 million
December 12, 2025
At least 5.6 million people had their names, addresses, dates of birth, and Social Security numbers stolen in a data breach at 700Credit, a company that runs credit checks and identity verification services for auto dealerships across the United States. In a statement on its website, the Michigan-based company blamed the October data breach on an ...
- Researcher claims Salt Typhoon spies attended Cisco training scheme
December 11, 2025
A security researcher specializing in tracking China threats claims two of Salt Typhoon’s members were former attendees of a training scheme run by Cisco. SentinelLabs’ Dakota Cary linked Yu Yang and Qiu Daibing, two alleged members of the Chinese state hacking group, to participants of the 2012 Cisco Networking Academy Cup. The initiative is still going ...
- U.S. Justice Department Announces Actions to Combat Two Russian State-Sponsored Cyber Criminal Hacking Groups
December 9, 2025
The Justice Department announced two indictments in the Central District of California charging Ukrainian national Victoria Eduardovna Dubranova, 33, also known as Vika, Tory, and SovaSonya, for her role in conducting cyberattacks and computer intrusions against critical infrastructure and other victims around the world, in support of Russia’s geopolitical interests. Dubranova was extradited to the ...
- Petco’s security lapse affected customers’ SSNs, drivers’ licenses and more
December 8, 2025
Last week, pet products and services giant Petco confirmed that it experienced a data breach involving customers’ personal information, without specifying what type of data was affected. On Friday, in a legally required filing with Texas’ attorney general’s office, Petco reported that the affected data included: names, Social Security numbers, driver’s license numbers, financial information such ...
- X gets $140 million EU fine for breaching content rules but TikTok settles
December 5, 2025
Elon Musk’s social media company X was fined 120 million euros ($140 million) by EU tech regulators on Friday for breaching online content rules, the first sanction under landmark legislation that once again drew criticism from the U.S. government. While X did not respond to an emailed request for comment, Musk replied “Bullshit” under a European ...