The six people arrested last week in connection with a multi-million dollar cyber attack on the account of a customer of the National Commercial Bank, have been charged.
This was disclosed by Dane Nicholson, Head of the Anti-Fraud Committee of the Jamaica Banker’s Association, who said the suspects were charged on Thursday and are booked to appear in court next week. They have been charged with the offences of Conspiracy to Defraud, breaches of the Cybercrime Act, engaging in the Proceeds of Criminal Property and Money Laundering.
Read more…
Source: Radio Jamaica News
Related:
- Approach to mainframe penetration testing on z/OS
August 20, 2024
Information technology is developing at a rapid pace, with completely new areas emerging, such as DevOps and DevSecOps – and we’re striving to keep up. However, in some projects, you may encounter systems built on rather outdated principles. Such systems must be approached with care, since a single mistake can lead to data loss and ...
- BlindEagle flying high in Latin America
August 19, 2024
BlindEagle, also known as “APT-C-36”, is an APT actor recognized for employing straightforward yet impactful attack techniques and methodologies. The group is known for their persistent campaigns targeting entities and individuals in Colombia, Ecuador, Chile, Panama and other countries in Latin America. They have been targeting entities in multiple sectors, including governmental institutions, financial companies, energy ...
- Cash App to award $15M to users in security breach settlement
August 11, 2024
Cash App users could get some cash sent to their bank accounts soon. In a settlement, the mobile payment service was ordered to pay out $15 million in damages. According to a class-action lawsuit obtained by USA TODAY, plaintiffs sued Cash App Investing and Block Inc. for the companies’ “failure to exercise reasonable care in securing ...
- Zimbabwe: Disclosure of cyber attacks must be mandatory to protect clients
August 9, 2024
In the wake of the recent high-profile cyber attack on one of the country’s largest financial institutions, it has become clear that stronger regulations are needed to ensure financial firms disclose when their systems have been breached. The hack resulted in the theft and public leaking of sensitive customer and operational data, putting thousands of Zimbabweans ...
- INTERPOL: Police recover over USD 40 million from international email scam
August 6, 2024
LYON, France: A global stop-payment mechanism developed by INTERPOL has helped Singapore authorities make their largest ever recovery of funds defrauded in a business email compromise scam. On 23 July 2024, a commodity firm based in Singapore filed a police report stating that they had fallen victim to a business email compromise scam, in which a ...
- Operation Giant Financial Storm Under Circuit Breaker Orders
August 2, 2024
Since 2022, the BerBeroka group has been mentioned in every annual report released by the QiAnXin Threat Intelligence Center. The group was disclosed by QiAnXin friendly company Trend Micro. QiAnXin researchers have continued to track it under this name after merging internal groups. In fact, BerBeroka is the same as group such as DRBControl and TAG33 . ...