The IRS is offering grants of up to $625,000 to tech companies that devise ways to help the tax agency trace cryptocurrency transactions as part of its investigations into money laundering and other types of cybercrimes.
A recently uncovered Linux malware variant dubbed "CDRThief" is targeting VoIP networks to steal phone metadata, such as caller IP addresses, ESET reports. The malware appears to be designed for cyberespionage or fraud.
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
The U.S. Cybersecurity and Infrastructure Security Agency is warning of an increase in targeted distributed denial-of-service attacks against financial and government organizations worldwide. And security firms also are tracking the incidents in these and other sectors.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
A federal grand jury has formally indicted a Russian national in connection with a thwarted attempt at stealing corporate data from electric vehicle manufacturer Tesla so it could be used to extort a $4 million ransom.
Ransomware continues to pose a "significant" threat, and email remains one of the top attack vectors being used by both criminals and nation-states, Australia's Cyber Security Center warns in its latest "Cyber Threat Report," which urges organizations to improve their defenses.
The average amount stolen in a business email compromise scam increased 48% during the second quarter of 2020, but the number of attacks decreased during that period, the Anti-Phishing Working Group reports.
So-called "cybersquatting" attacks are surging, with financial and e-commerce websites - including those of PayPal, Royal Bank of Canada, Bank of America and Amazon - among the most frequent targets, according to Palo Alto Networks' Unit 42.
A recently uncovered malicious email campaign is delivering to businesses multiple types of malware, including a Trojan designed to steal banking credentials and other financial information, according to a research report from Cisco Talos.
The number of cybersecurity incidents reported to the U.K.'s data privacy watchdog has continued to decline, recently plummeting by nearly 40%. But is the quantity of data breaches going down, or might organizations be failing to spot them or potentially even covering them up?
The former moderator of the now-defunct AlphaBay darknet marketplace has been sentenced to 11 years in prison after pleading guilty to a federal racketeering charge, according to the U.S. Department of Justice.
Evilnum, a hacking group that targets fintech firms mainly in the U.K. and Europe, is deploying a new remote access Trojan, according to Cybereason. The group is targeting "know your customer" procedures to start these attacks.