A Russian-speaking cybercriminal recently sold on a darknet forum thousands of stolen payment and gift cards that researchers at Gemini Advisory believe were taken from the now-defunct online gift card exchange Cardpool.com.
The zero-day attacks against Accellion's File Transfer Appliance show that a number of big-name firms continued to use the legacy technology - even though more secure, cloud-based options were available. Evidently, many CISOs didn't see a compelling reason to move on. Of course, now they do.
As digital payments have skyrocketed as a result of the surge in e-commerce during the pandemic, more organizations have provided feedback on enhancing EMVCo's specifications to help fight fraud, two executives with the global technical body say.
A Russian national who co-founded the Infraud Organization's online cybercrime forum, which trafficked in stolen payment card data and was tied to more than $560 million in fraud losses, has been sentenced to serve 10 years in prison.
It has been an open question as to how a half-dozen hacking groups began exploiting Exchange servers in an automated fashion in the days leading up to Microsoft's patches. But there are strong signs that the exploit code leaked, and the question now is: Who leaked it?
Nearly four years after the WannaCry ransomware hit the world, targeting the EternalBlue vulnerability in Microsoft SMB version 1, security firms say the malware continues to be a top threat detected in the wild by endpoint security products. Why won't WannaCry just die?
In 2020, a cybercrime operation known as ShinyHunters breached nearly 50 organizations, security researchers say. And this year, it shows no signs of slowing down - it's already hacked e-commerce site Bonobo and dating site MeetMindful.
Cybercriminal gangs operating darknet stolen payment card marketplaces are scrambling to attract customers from the now-closed Joker's Stash card market, according to the security firms Kela and Flashpoint.
After being hit by SolarWinds hackers, the Administrative Office of the U.S. Courts instructed the nation's district courts to restrict the filing of sensitive information to hard copy or "secure electronic devices." But will this defense create an even bigger bureaucratic fallout than the attack itself?
Other darknet marketplaces apparently are preparing to fill the underground economy's need for a steady stream of stolen payment card data if the Joker's Stash site closes Feb. 15 as its administrator has announced. Some researchers believe the administrator may even launch a new marketplace.
Ransomware attacks continue to pummel organizations, but fewer victims have been paying a ransom, and when they do, on average they're paying less than before, says ransomware incident response firm Coveware, which traces the decline to attackers failing to honor their data deletion promises.
Joker's Stash, the notorious underground marketplace that has specialized in the sale of stolen payment card data, is reportedly shutting down in February with its administrator claiming he will "retire" at that time, according to Gemini Advisory. Researchers say fraudsters will quickly move to other sites.
Facebook's relaunch and rebrand of its Libra digital payment initiative as Diem is seen by some as a shadow of its former self. Financial services commentator Chris Skinner explains why state governments and AML concerns are to blame.
Identity management will be at the forefront of securing remote work in the coming year. Jason Bohrer, new leader of the Secure Technology Alliance and the U.S. Payments Forum, describes key initiatives as he steps into this role.
Following the discovery that attackers Trojanized SolarWinds' Orion software, expect the list of organizations that were running the backdoored network-monitoring tool to keep increasing. But with this being a suspected cyberespionage operation, attackers likely focused on only the juiciest targets.