The FBI has arrested another alleged member of the FIN7 cybercrime gang, which has been stealing millions of payment cards and other financial data since at least September 2015. It's the fourth arrest of those tied to the group.
The surge in e-commerce as a result of the COVID-19 pandemic means more payment card transactions - and more card fraud, says Jordan McKee of 451 Research, who discusses the latest trends.
Anubis, one of the most potent Android botnets, apparently is getting a refresh a year after its source code was leaked, security researchers say. The changes could help fraudsters more closely monitor activity on hacked devices.
The latest edition of the ISMG Security Report analyzes the many challenges involved in developing and implementing contact-tracing apps to help in the battle against COVID-19. Also featured: A discussion of emerging privacy issues and a report on why account takeover fraud losses are growing.
Cybercriminals are hiding malicious JavaScript skimmers in the "favicon" icons of several ecommerce websites in an effort to steal payment card data from customers, researchers at Malwarebytes say.
Five suspected members of the InfinityBlack hacking group have been arrested, and authorities in Europe say they've seized two databases with more than 170 million entries, including combinations of stolen usernames and passwords.
Krista Tedder of Javelin Strategy analyzes key findings from a new report on identity fraud that shows that while account takeover incidents are decreasing, losses are growing.
A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB. The campaign, which targets Office 365 users, appears to trace to attackers operating from Nigeria and South Africa.
Microsoft has pushed out a patch for a vulnerability in its Teams collaboration platform that could allow an attacker to take over an organization's accounts through the use of a weaponized GIF image.
The FBI has arrested a Russian national for allegedly helping an international cybercriminal gang launder its money by turning cash into bitcoin and other cryptocurrencies, according to court documents.
Russian authorities typically turn a blind eye to cybercrime committed by citizens, provided they target foreigners. But as the recent "BuyBest" arrests of 25 individuals demonstrate, authorities do not tolerate criminals that target Russians, and especially not anyone who targets Russian banks.
A variant of the TrickBot Trojan bypasses two-factor authentication for mobile banking, for example, by intercepting one-time codes sent over SMS, according to IBM X-Force.
Europol, along with local police in Spain, Romania and Austria, arrested about two dozen alleged members of two criminal gangs that are accused of stealing millions in euros from bank accounts in several countries by using SIM swapping techniques to steal credentials and passwords.
A key disconnect exists between awareness of financial services fraud schemes and mitigation, according to the latest "Faces of Fraud" survey sponsored by Appgate. Mike Lopez, vice president at the firm, describes some key findings.
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