Nine men have been charged in connection with an alleged SIM card swapping scheme that led to the theft of $2.4 million in cryptocurrency, the U.S. Justice Department says. The scheme allegedly involved the bribing of employees of Verizon and AT&T.
Hackers stole 7,000 bitcoins, valued at about $41 million, from Binance, one of the world's largest cryptocurrency exchanges, the company confirmed Wednesday. The incident is the latest in a string of thefts from cryptocurrency exchanges around the world.
The DeepDotWeb portal, which provided a guide to darknet marketplaces, has been shut down and its alleged administrators arrested. Police say the suspected lead administrator, an Israeli based in Brazil who has been arrested at a Paris airport, amassed bitcoins for referral fees worth millions of dollars.
In the latest incident, an attack targeted about 200 online campus stores in the U.S. and Canada, Trend Micro reports. But this attack apparently was waged by a new group.
Cybercriminals have stolen customer data from Citycomp, a German IT company whose clients include Oracle, Volkswagen, Airbus, Ericsson, Toshiba British Telecom and many others. After Citycomp didn't pay a ransom, the hackers posted the data online.
The impact of chargeback rates is abundantly clear and easily measurable, but the financial impact of false declines - rejecting perfectly good customers over fear of fraud - is largely underestimated. In reality, these
mistakes, which are all too common but difficult to track, end up costing merchants significantly...
Fraud is scary, and there are many valid reasons for merchants to decline suspicious transactions in the name of fraud prevention. But often, in the quest to avoid abuse, risk-averse vendors take defensive measures too far. According to industry data, the average merchant loses 5.5% of their revenue to false declines...
Account Takeover (ATO) attacks are one of the fastest growing and prevalent problems for most organizations. According to a recent Forrester report, ATO attacks caused at least $6.5 billion to $7 billion in annual losses across financial services, insurance, eCommerce and other industries.
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U.S. CERT has issued a fresh warning about a newly discovered Trojan called Hoplight that is connected to a notorious APT group with links to North Korea. The malware has the ability to disguise the network traffic it sends back to its originators, making it more difficult to track its movements.
Application fraud losses are projected to top $1.3B in the US by 2020. Understanding the trends behind these staggering numbers is critical if institutions are to prevent crippling financial and reputational losses.
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CISOs and other security leaders know they can't find and fix every vulnerability. Yet, that's what's expected. So, what can you do?
The short answer: Work smarter, not harder. To do that, you need to reduce the vast universe of potential vulnerabilities down to a subset of the vulnerabilities that matter...
Distinguishing nation-state attacks from organized crime continues to grow more difficult because some attackers wear both hats, a Europol official reports. Further complicating the picture: Young attackers enjoy access to ever-more sophisticated and inexpensive tools and services.
Script-based payment card malware continues its successful run, impacting a range of e-commerce sites, security researchers warn. With fraudsters continuing to refine their tactics, countering card-sniffing scripts continues to be difficult.
The notorious carder site Joker's Stash is featuring a fresh batch of Pakistani banks' payment card data with an estimated street value of $3.5 million. Nearly all of the 70,000 bank cards are advertised as being from Meezan Bank, the country's largest Islamic bank, Group-IB reports.