The COVID-19 pandemic has led to changes in the way payments are made. David Lott of the Federal Reserve Bank of Atlanta discusses how fraudsters are adapting to the changing landscape.
The FBI and CISA warn that hackers are increasingly using voice phishing, or vishing, to target employees who are working from home due to the COVID-19 pandemic, steal their credentials and other data and use the information to launch other attacks or to steal financial data.
Ransomware-wielding gangs continue to rack up new victims and post record proceeds. That's driving new players of all sizes and experience to try their hand at the crypto-locking malware and data-exfiltration racket.
Card-not-present fraud is rising as fraudsters inject malware into e-commerce websites to harvest account information, says Gord Jamieson of Visa. But the artificial intelligence models used to detect this fraud need to be refined to better mitigate this threat, he says.
FINRA, a private organization that helps self-regulate brokerage firms and exchange markets, is warning that fraudsters have recently started creating spoofed websites and domains using members' real names and images in an attempt to steal personal information and credentials.
The U.S. Department of Justice has charged former Uber CSO Joseph Sullivan with obstruction of justice for allegedly covering up the 2016 hack of the ride-sharing service, which compromised sensitive data for 57 million Uber passengers and drivers.
The University of Utah paid a $457,000 ransom to stop a hacker from disclosing data stolen in a July ransomware attack on the network of its College of Social and Behavioral Science.
A federal court's dismissal of a lawsuit filed against medical transcription company Nuance Communications in the wake of a 2017 NotPetya ransomware attack illustrates how contract terms can affect legal outcomes.
Diebold Nixdorf and NCR have issued patches for ATM software vulnerabilities that could enable a hacker with physical access to the devices to commit deposit forgery, according to the Carnegie Mellon University CERT Coordination Center.
Lucifer, a botnet that has been infecting Windows devices with cryptominers and using compromised systems for distributed denial-of-service attacks, now has the ability to compromise Linux-based systems as well, according to Netscout's ATLAS Security Engineering & Response Team.
"Transparent Tribe," a hacking group that targets military and diplomatic organizations, has updated its Crimson remote access Trojan to enable the malware to steal data from removable devices and then use these devices to spread to other systems, according to new research from Kaspersky.
The latest edition of the ISMG Security Report analyzes why ransomware gangs continue to see bigger payoffs from their ransom-paying victims. Also featured: Lessons learned from Twitter hacking response; security flaw in Amazon's Alexa.
Did you know that 61% of data breaches are attributed to a third party or vendor? How can you be sure that the vendors, suppliers, partners, and consultants you work with have the right security in place to prevent an attack from infiltrating your system
Without clear visibility into remote networks and third-party...
Data breaches that stem from third parties, vendors, or contractors are on the rise. In fact, the increase in third-party data breaches is due to the industrialization of the cybercriminal ecosystem and innovations such as ransomware, which makes cybercrime much more profitable and easier to carry out. Plus, the tools...
Dozens of suspects have reportedly been arrested in connection with an ATM cash-out scheme that targeted Santander Bank branches in New Jersey, New York and Connecticut.
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