Spanish authorities say they've arrested three individuals on charges of running a large-scale business email compromise scheme that targeted a dozen companies around the world to steal about $11 million.
The FBI issued a warning this week about skimmer attacks designed to steal payment card data from e-commerce sites. The U.S. Department of Homeland Security also offered tips on defending against these attacks.
Application fraud continues to be a significant problem for FIs across the U.S. As identity crimes continue to grow, it is increasingly difficult for FIs to determine who they are dealing with in all delivery channels.
Download this whitepaper to learn the effects of online application fraud in the banking industry...
The National Cyber Security Center, the U.K.'s national computer emergency response team, investigated 658 serious cybersecurity incidents in a 12-month period and supported nearly 900 victim organizations - most of whom learned they had fallen victim after being alerted by the center.
A Texas resident has been sentenced to 12 years in federal prison for hacking into the Los Angeles Superior Court computer system and sending out approximately 2 million phishing emails to steal hundreds of credit and payment card numbers.
With consumers increasingly turning online to buy electronics, retailers stand to make significant gains in terms of eCommerce revenue. Unfortunately, growing online sales also raise the stakes on eCommerce fraud prevention. This report sheds light on consumer electronics online fraud patterns in, offering retailers...
The prices for specific types of cybercriminal tools on darknet sites continue to rise, according to a recent analysis by security firm Flashpoint. Payment card and passport data remain the most sought-after commodities on these forums, research shows.
Eighteen technology companies have formed the Open Cybersecurity Alliance to foster the development of open source tools to improve interoperability and data sharing between cybersecurity applications. But some observers say getting all players to agree on a common platform will be challenging.
Despite a crackdown on some of its members in 2018, the FIN7 gang has returned with new malicious tools, including a revamped dropper and payload, according to analysts at FireEye. The hacking group is known for targeting point-of-sale machines and IT networks at a wide variety of businesses.
A large-scale banking botnet has targeted approximately 800,000 Android devices belonging to Russian citizens since at least 2016, according to a new research report by a trio of cybersecurity researchers.
Microsoft says that over the past two months, a hacking group apparently linked to Iran targeted email accounts associated with the campaign of one 2020 U.S. presidential candidate, current and former U.S. government officials, journalists covering global politics and prominent Iranians living outside Iran.
A Nigerian man charged with helping to run a $1 million phishing scheme that targeted the Government Services Administration and other agencies has been extradited to the U.S., where he has pleaded not guilty to a wire fraud charge, according to the Justice Department.
Users are often lax about their own passwords to the dismay of many employers and organizations they transact with. Strong authentication is critical and organizations must be careful about security measures for their online customer transaction accounts - but when users become too frustrated during the login process...
Delayed enforcement of the "strong customer authentication" requirements for online transactions under the European Union's PSD2 regulation is hampering efforts to enhance security. That's why the European Banking Authority should act quickly to develop a new timeline.