Anyone wanting to invent a system designed to stoke widespread abuse by fraudsters would be hard-pressed to best the non-fungible token. Because they get bought and sold using cryptocurrency, it's only a question of when scammers will turn their attention to defrauding NFT aficionados.
Customers of Indian payments platform MobiKwik appear to have gotten a lucky break: A listing for 8.2TB of stolen data pertaining to 99 million customers was withdrawn by a cybercrime forum seller, supposedly because of the public risk posed. MobiKwik continues to deny that it was breached. Who's to be believed?
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.
What happens when an e-commerce retailer sends customers a data breach notification email with a subject line that reads "strictly private and confidential"? "Clearly trying to make people stay quiet," responded one unamused Fat Face customer. Others report being none the wiser as to what risks they now face.
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?
Using a nearly 20-year-old file transfer product - what could go wrong? Among the many lessons to be learned from the Accellion File Transfer Appliance mess is this: Attackers will devote substantial resources to reverse-engineer hardware, software or a service if there's a financial upside.
Authorities have accused Serbia-based scammers of capitalizing on the "initial coin offering" bubble that began in 2017, bilking global cryptocurrency investors out of $70 million via Bitcoiin2Gen and other supposed coins and hiring actor Steven Seagal to endorse them.
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.
The ongoing lockdown may be complicating the path of Cupid's arrows. But as another Valentine's Day rolls around, authorities are warning that romance scammers - and other types of fraudsters - are alive and well and have been increasingly preying on unsuspecting victims around the world.
Did Russia pass a tough new cryptocurrency law to help authorities recruit or compel criminal hackers to assist the government? That's the thesis of a new report, which notes that the new regulation includes a host of provisions designed to unmask cryptocurrency users' transactions - or else.
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?
Darknet markets just had their best year ever, led by Hydra, which accounted for 75% of the $1.7 billion in 2020 revenue such markets generated, Chainalysis reports. One key to Hydra's success is the Russian-language marketplace's constant innovation.
To take down bigger targets more easily and quickly, ransomware gangs are increasingly tapping initial access brokers, who sell ready access to high-value networks. Economically speaking, it's a no-brainer move for cybercrime gangs.
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.
In light of calls from some quarters for the U.S. to launch online attacks in reprisal for the SolarWinds supply chain campaign - allegedly carried out by Russia's foreign intelligence service - it's time to pause and remember: Spies are going to spy.