Buoyed by massive illicit profits, cybercriminals have continued to refine their ransomware attacks, including updating their crypto techniques to foil decryption tools, encrypting file names and threatening to leak stolen secrets.
The FFIEC has issued an alert calling on financial institutions to take specific risk mitigation steps in light of an increase in the frequency and severity of cyberattacks involving extortion. Fraud experts applaud the move while offering additional recommendations.
Mobile devices are expected to become the dominant banking and payment channel in the near future. This puts them directly in the cross-hairs of threat actors around the world as a prime vector to gain access to your information, network and money. In this session, we'll see exactly how rogue apps, malware and...
A cybercrime ring that employed the Angler Exploit Kit to earn an estimated $34 million per year - from ransomware infections alone - has been disrupted by security researchers at Cisco's Talos security intelligence and research group.
Security experts warn about a trio of new threats: GreenDispenser cash-out malware, the Shifu banking Trojan being spread via malvertising attacks and Neutrino crimeware getting an upgrade to steal payment-card data.
If there's one thing federal regulators want to drill into the heads of covered entities and business associates about data breach prevention, it's this: Stop procrastinating, and conduct a risk analysis and encrypt most of your computing devices right away.
What do successful but separate malware attacks against banking customers around the world, as well as the White House and health insurer Anthem, all have in common? Researchers say the answer is shockingly simple.
In a security landscape where the frenetic pace of technology has changed paradigms in ways organizations are struggling to cope with, Blue Coat's Hugh Thompson advises adopting a 'Degrees of Freedom' approach.
Real-time fraud detection isn't new to financial services but new products, channels and faster payments initiatives are accelerating the need for speed when it comes to meeting customer expectations. Consumers need to feel confident that effective risk management is in place, even as they demand convenience and...
The takedown of Gameover Zeus taught law enforcement and banks many lessons, including that Trojans are being used to steal corporate secrets, not just money, says Eward Driehuis of Fox-IT, which investigated the threat actors behind the Trojan.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
The U.S. Department of Justice has charged three men in a fraud scheme reportedly tied to hacks of JPMorgan Chase. Separately, two men are charged with running an unlicensed online bitcoin exchange used by Russian criminals.
Malware kingpin Vladimir Tsastsin has pleaded guilty to charges relating to a $14 million click fraud scheme that the FBI dubbed Operation Ghost Click. The scheme, which also involved money laundering, affected 4 million victims in 100 countries.