Criminals have been seeking innovative new ways to steal cash from ATMs. In the U.S., there has been a surge in physical attacks, while Europe has seen a sharp increase in "black box" attacks designed to make ATMs dispense cash on demand.
A newly identified financially motivated threat group, dubbed "FIN11," is deploying Clop ransomware and exfiltrating data from its targets for extortion efforts, according to researchers at FireEye Mandiant.
As new payment trends emerge, such as the surge in ecommerce during the COVID-19 pandemic, payment card standards also must change, says Jeremy King of the PCI Security Standards Council, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
To help prevent merchant refund fraud, ecommerce firms must carefully track all data from the time a transaction is initiated until returned items are received at the warehouse, says Karisse Hendrick, an independent ecommerce fraud consultant.
A report by New York state investigators calls for Twitter and other social media companies to implement greater cybersecurity measures and advocates greater federal regulatory oversight of social media companies to help prevent the misuse of their platforms.
Business email compromise scams continue to proliferate around the globe, with the U.S. now second only to Nigeria as a home base for the cybercriminal organizations waging the campaigns, according to a study by the security firm Agari.
The rapidly changing threat landscape is making it easier for malicious actors to commit fraud - and COVID-19 has made it even more challenging. Cybercriminals are ramping up sophisticated phishing scams, deploying malware to capitalize on the spike in mobile users, and accelerating mule recruitment.
To combat this...
Despite the takedown of the Trickbot botnet by Microsoft and others Monday, the malware is still functioning, and its operators retain the tools needed to rebuild their malicious network, some cybsersecurity experts say. So the impact, while significant, could prove to be temporary.
Microsoft collaborated with cybersecurity companies and government agencies to take down the million-device Trickbot botnet in an effort to help protect the Nov. 3 U.S. election and stop the global spread of ransomware and other malware.
Artificial intelligence and machine learning offer the best hope for addressing the risks posed by synthetic identities, says Justin Davis, fraud manager at Digital Federal Credit Union.
The Bad Bot Report investigates the daily attacks that sneak past sensors and wreak havoc on websites. Such activities include web scraping, competitive data mining, personal and financial data harvesting, brute-force login, digital ad fraud, spam, transaction fraud, and more.
In the 2020 Bad Bot Report you'll...
While most payment card skimming attacks zero in on ecommerce sites for consumers, a newly discovered attack targeted PlayBack Now, an online video conferencing firm, Malwarebytes reports.
A hacking group is taking aim at industrial targets in an ongoing cyberespionage campaign, security firm Kaspersky reports. The group, dubbed "MontysThree," uses a variety of techniques, including steganography, to avoid detection.
What are the top cyberthreats facing the financial services sector? Valerie Abend of Accenture describes the findings of a new report on the subject in an in-depth interview.
Financial Industry Regulatory Authority, a private organization that helps self-regulate U.S. brokerage firms and exchange markets, is warning its members about phishing emails originating from websites that spoof its domain.
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