Asokan is a U.K.-based senior correspondent for Information Security Media Group's global news desk. She previously worked with IDG and other publications, reporting on developments in technology, minority rights and education.
Many financial institutions have deployed fraud fusion centers as a way to help mitigate risks. But as fraudsters revamp their techniques, banks need to revamp these centers to keep up, says Jeff Dant of BMO Financial Group, who will speak at ISMG's Virtual Cybersecurity and Fraud Summit: Toronto.
Two Iranian nationals have been charged with participating in a years-long hacking campaign that targeted vulnerable networks in the U.S., Europe and the Middle East to steal "hundreds of terabytes" of data, according to the U.S. Department of Justice.
The hacking group "Pioneer Kitten," which has suspected ties to the Iranian government, is taking advantage of several unpatched vulnerabilities and using open source tools to target U.S. businesses as well as federal government agencies, according to the Cybersecurity and Infrastructure Security Agency.
A bipartisan bill looks to take some initial steps toward creating nationwide digital identity standards that can address a range of security issues, including theft and fraud stemming from data breaches. The legislation is backed by the Better Identity Coalition.
A recently uncovered Linux malware variant dubbed "CDRThief" is targeting VoIP networks to steal phone metadata, such as caller IP addresses, ESET reports. The malware appears to be designed for cyberespionage or fraud.
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
The U.S. Federal Communications Commission estimates the total cost for smaller and rural telecom carriers to rip and replace Huawei and ZTE gear from their networks to enhance national security will be over $1.8 billion.
In a court filing, online voting startup Voatz argues that most security research should be limited to those who have clear permission to probe systems and software for vulnerabilities. The amicus brief is part of a U.S. Supreme Court case that could redefine a federal computer law.
A recently uncovered malicious email campaign is delivering to businesses multiple types of malware, including a Trojan designed to steal banking credentials and other financial information, according to a research report from Cisco Talos.
Evilnum, a hacking group that targets fintech firms mainly in the U.K. and Europe, is deploying a new remote access Trojan, according to Cybereason. The group is targeting "know your customer" procedures to start these attacks.
"Charming Kitten," a hacking group with ties to Iran, is now using LinkedIn and WhatsApp messages to contact potential victims and persuade them to visit a phishing page, according to ClearSky. The threat actors initially posed as journalists looking to contact sources.
The operators behind the Qbot banking Trojan are deploying a new version of the malware that uses hijacked Outlook email threads to send personalized phishing emails, according to Check Point Research. This campaign has targeted over 100,000 victims worldwide.
A hack-for-hire campaign targeting an "international architectural and video production company" serving high-end real estate ventures likely involved corporate espionage driven by a developer eager for insider data, according to an analysis from security firm Bitdefender.
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