Now that the Federal Reserve has issued a definition for synthetic ID fraud, fraud-fighting efforts likely will improve because it will be easier to identify red flags, some security experts say.
Interpol says Dutch and Nigerian suspects created a cloned version of a legitimate personal protective equipment provider's website to trick a German health authority seeking face masks. The case is a reminder that a "sophisticated" scheme need not require extreme technical sophistication to succeed.
Initial access brokers continue to ply their trade, selling immediate access to hacked sites to make it easier for gangs to steal data and crypto-lock systems. But researchers say an overabundant supply of access credentials appears to be driving down the prices being commanded on cybercrime forums and markets.
Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
Forescout Research Labs and the Israeli security firm JSOF have found nine Domain Name System vulnerabilities affecting four TCP/IP stacks that, if exploited, could lead to remote code execution or denial-of-service attacks - potentially on millions of devices.
President Joe Biden has nominated two U.S. National Security Agency veterans for top cybersecurity positions as the White House continues to confront the fallout from the SolarWinds supply chain attack as well as attacks against on-premises Microsoft Exchange email servers.
Facebook has been attempting to dismiss the appearance of a massive trove of user data by claiming it wasn't hacked, but scraped. No matter how the theft is characterized, 533 million users have just learned that their nonpublic profile details were stolen and sold to fraudsters.
Visa's Payment Fraud Disruption team reports that cybercriminals are increasingly using web shells to establish command and control over a retailers' servers during payment card skimming attacks.
How can automation help to reduce money laundering fraud? Larry Gordon and Kathleen Gowin of the consultancy Endurance Advisory Partners describe how predictive KYC can help mitigate risks.
The increasing reliance on collaboration tools such as Slack and Discord to support those working remotely during the COVID-19 pandemic has opened up new ways for fraudsters and cybercriminals to bypass security tools and deliver malware, Cisco Talos reports.
For the second time in two years, the contents of the darknet payment card marketplace Swarmshop have been removed and posted to a competing underground forum, Group-IB reports. The content includes data on more than 600,000 payment cards as well as administrator, seller and buyer information.
At least 14 lawsuits seeking class-action status have been filed against Accellion in the wake of breaches of the vendor's 20-year-old File Transfer Appliance. A motion to consolidate the cases has also been filed.
Attackers are targeting unpatched SAP applications, and the exploits could lead to the hijacking of the vulnerable systems, data theft and ransomware attacks, SAP and Onapsis Research Labs report. They note that patches for most of the flaws have been available for several years.
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.
Capital One is warning additional customers that their Social Security numbers may have been exposed in a massive 2019 breach. Meanwhile, a suspect in the breach is slated to go to trial in October.
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