While financial fraud has been prevalent for years, businesses still struggle to find it among large pools of data. In this second installment on accounting fraud, a panel of experts discussed the challenges including a lack of resources, skills and tools to identify fraud.
Japan's $1 trillion manufacturing industry is a prime target for ransomware and state-sponsored threats. Over the past year, nearly one-third of all ransomware victims have come from the automotive and general manufacturing sectors, according to threat intelligence company Rapid7.
The new ransomware group 8Base is fast becoming a big player in the underground market, amassing nearly 40 victims in June - second only to the notorious LockBit ransomware gang. The group's top targets include business services, finance, manufacturing and IT industries.
The sensitive personal information of about 1.1 million National Health Service patients including trauma patients and victims of terrorism is reportedly among data compromised in a recent cyberattack on the United Kingdom's University of Manchester. The incident also affected students and alumni.
This week's crypto roundup includes DeFi hacks and scams in the second quarter of 2023, FTX and SBF, Justby in the CFTC's crosshairs, and JokerSpy in a Japanese exchange. Also, the IMF says a crypto ban won't curb risk, Binance won't delist privacy coins, and EU banks have new capital requirements.
The Irish government has proposed a number of measures to strengthen the country's top cyber agency's abilities to tackle ransomware and other cyberthreats. The National Security Strategy lays out 18 new action plans intended to augment the National Cyber Security Center's capabilities.
More victims of the Clop ransomware group's supply chain attack against popular file transfer software MOVEit continue to come to light. Security experts say about 150 organizations now appear to have been affected by the attacks, which compromised the personal data of over 16 million individuals.
The European cyber agency continues to remain underfunded despite the surge in ransomware and other cyberthreats, the organization's chief said in a recent hearing. The ENISA chief called on the European Commission to hold regulatory consultations to address the existing policy gaps.
European police on Tuesday confirmed the arrests of more than 6,000 people who were formerly active in defunct encrypted messaging service EncroChat. Authorities charged more than 200 top-level operators and seized drugs, guns and more than 900 million euros.
Ukrainian cyber police raided and closed more than a dozen fraudulent call centers last week, saying the operations were running fake investment scams that involved stealing cryptocurrency and payment card details from European and Central Asian citizens.
The tally of organizations affected by the Clop ransomware group's supply chain attack against users of Progress Software's popular MOVEit file transfer software continues to grow. UCLA and New York City schools - including students and staff - are the most recently named victims.
A U.S. judge sentenced a 24-year-old British man to five years in prison for his part in hacking high-profile Twitter accounts as part of a bitcoin scam in 2020. Prosecutors say Joseph James O'Connor stole $794,000 by hijacking 130 accounts, including those of Barack Obama, Joe Biden and Elon Musk.
The alleged operator of the darknet narcotics marketplace Monopoly has been extradited to the U.S. to stand trial. The FBI said it identified Milomir Desnica, a 33-year-old dual Croatian and Serbian national, thanks in part to invoices found in a Monopoly database seized by German law enforcement.
Are unsolicited smartwatches the new USB thumb drive? The U.S. Army warns that service members are being sent free wearables preloaded with malware designed to steal data from mobile devices as well as intercept voice communications and hijack cameras.
Millions of GitHub repositories are vulnerable to a repository renaming flaw that could enable supply chain attacks, a new report by security firm Aqua said. It found 36,983 GitHub repositories vulnerable to repo jacking attacks, including Google and Lyft.
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