Spanish law enforcement officers scored several recent wins against cybercriminals this month. Police nabbed a Ukrainian hacker on the run for 10 years, arrested a fraudster known to have run a smishing campaign that amassed 1.2 million euros, and broke up a phishing nexus - all in two weeks.
The administrator of the now-defunct BreachForums has pleaded guilty to two counts of hacking and one count of child pornographic possession. Conor Fitzpatrick, 20, operating under the moniker Pompompurin, made nearly $700,000 running the criminal online forum for just under a year.
This week, an IT security worker was sentenced for impersonating a ransomware gang, Deutsche Bank and other financial institutes were hit by Clop ransomware, USB drive malware attacks are on the rise in 2023, and a gaming company is investigating data breach claims and resetting users' sessions.
Between July 6 and 13, Multichain saw unauthorized outflow of $125 million, the DOJ announced its first DeFi smart contract-focused indictment, Silk Road boss Ross Ulbricht's aide and two others were sentenced, and the FTC and SEC turned up the heat on Celsius.
Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including from crimes such as scams, fell dramatically over the past year, ransomware funds are expected to hit $899 million in 2023.
A new malware campaign powered with multistage attack methodology is targeting businesses in the LATAM region using specially crafted modules. The newly identified Trojan, dubbed Toitoin, follows a six-stage attack plan in which each stage is custom-designed to carry out malicious activities.
Legacy DLP is broken due to excess complexity, extended time to value and misalignment with security and business goals, said Next's Chris Denbigh-White. Addressing insider threats in a meaningful way is one of the biggest data protection challenges for organizations, he said.
The world is moving on from magnetic stripe payment cards, with one notable exception: the United States. Credit card issuers, banks and consumers agree the magnetic stripe is prone to hacking - so why is one of the largest markets for plastic payment still clinging to decades-old technology?
Accounting statement fraud is hard to catch, typically requiring specialized anti-fraud tools and an understanding of how fraudsters think. In this second installment on accounting fraud, a panel of experts discussed the tools available and why you need fraud expertise to build an effective system.
Big banks want social media firms to take accountability for scams that occur on their payment platforms, but that doesn’t mean reimbursing victims. Banks need to take the lead in making victims whole quickly. And big tech and telcos need to kick the scammers out of their platforms.
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.
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.
Phishing attacks have come a long way from the spray-and-pray emails of just a few decades ago. Now they’re more targeted, more cunning and more dangerous. And this enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more.
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Ukrainian cyber police have disrupted a fake investment scam that involved stealing cryptocurrency from the online wallets of several victims in Canada. The scammers operated out of two call centers in the Khmelnytskyi region of Ukraine, mainly targeting Ukrainian citizens living in Canada.
It takes organisations 280 days on average to identify and contain a cyberbreach. But IT security leaders who can connect and automate security, risk, IT and asset management workflows on a single platform can improve the mean time to contain breaches by 85%. Read this guide to learn how you can transform your IT...
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