A global law enforcement operation has resulted in the arrest of 281 suspects allegedly involved in business email compromise scams. The announcement comes on the same day as the FBI's Internet Crime Complaint Center says that losses from BEC scams have hit $26 billion and are continuing to rise.
Researchers at Kaspersky discovered malware hiding in advertising within a recent version of the popular CamScanner app for Android smartphones. Over the years, the app has been downloaded over 100 million times from the Google Play store.
A new variant of the TrickBot banking Trojan is enabling attackers to conduct SIM swapping schemes against Verizon Wireless, Sprint and T-Mobile customers in the U.S., potentially paving the way for account takeover fraud, according to a report from Dell's SecureWorks division.
The payment card industry needs to do more to tackle the rising problem of fraud, says information security expert William H. Murray, pointing to the new Apple Card - which lacks the card number printed on it - as an example of how the industry must evolve. But numerous cultural challenges remain, he says.
After two months of inactivity, the notorious Emotet botnet is poised to start delivering malicious code again; active command-and-control servers have been spotted in the wild, researchers at the security firm Cofense warn.
"Silence," a Russian-speaking criminal group that has stolen $4.2 million from ATMs and financial institutions since 2016, has become more active this year, using new tools and tactics in its attacks and expanding its reach globally, according to the security firm Group-IB.
For at least half a decade, HSBC helped to wash hundreds of billions of dollars for drug mobs, including Mexico's Sinaloa drug cartel, as well as move money for terrorist organizations linked to Al Qaeda and Hezbollah and for Russian gangsters. Furthermore, HSBC helped countries like Iran, the Sudan and North Korea...
A little over a week after a breach at Capital One was revealed, more U.S. lawmakers are raising questions about what happened at the bank, including what role, if any, Amazon may have played in opening the door to the intrusion.
Protecting your enterprise from breaches and account takeovers has never been a bigger challenge. New tools make it possible for even unsophisticated actors to perform advanced, widespread attacks that put your organization at risk. According to the 2019 Verizon Breach Report, stolen credentials are the leading attack...
FIN8, a hacker group that targeted POS devices in the hospitality and retail sectors, is back on the scene with new malware, including the Badhatch backdoor that's designed to steal payment card data, according to researchers with Gigamon's threat detection unit.
In today's digitally dependent business operations, an organization's IT infrastructure is a
crucial asset. This asset can be a competitive advantage, but it can also be a disadvantage
based on how well the organization evolves and utilizes its suite of IT assets relative to its
current and future competitors bent...
The reason social media platforms are so successful is because they tap into the human sense of needing to connect with others.
Depending on your organization's policies, there is a high likelihood your employees may be tapping into several social platforms throughout the workday, which can increase attack...
Business email compromise scams are surging, and they're costing U.S. companies a total of more than $300 million a month, according to a recently released analysis by the U.S. Treasury Department. The report pinpoints which sectors are hardest hit by this type of fraud.