Following the theft of $81 million from Bangladesh Bank, is it time for banks to make SWIFT money transfers less automated and better supervised and thus secure? An alleged scam from the days of telex machines and code books offers useful perspective.
Just six months after law enforcement agencies coordinated a takedown to disrupt online banking credential theft linked to the banking Trojan Dridex, the malware has re-emerged with new attack tactics and new targets, researchers say. U.S. bank accounts and businesses are now primary targets.
Ransomware has become one of the most widespread and damaging threats that internet
users face. Since the infamous CryptoLocker first appeared in 2013, we've seen a new era
of file-encrypting ransomware variants delivered through spam messages and Exploit Kits,
extorting money from home users and businesses alike....
The Verizon 2016 Data Breach Investigations report finds malware, ransomware and phishing attacks are more common than ever and creating even more damage. Organizations are continuing to get exploited via vulnerabilities that are months or even years old, forensics expert Laurance Dine explains in this interview.
Despite the arrest and conviction of scores of cyber criminals - including members of the Blackhole exploit kit, SpyEye and GameOver Zeus crews - malware and ransomware threats continue to grow.
Prosecutors have expanded a complex case, involving an alleged pump-and-dump stock scheme, hacking into U.S. banks and operating an unlicensed bitcoin exchange, to include money-laundering charges related to processing bitcoin ransoms paid by ransomware victims.
Two of the hacker masterminds behind the notorious SpyEye malware have each received lengthy prison sentences after pleading guilty to related charges in U.S. federal court. But alleged Zeus creator and accomplice Evginy Bogachev remains at large.
What could be worse than a ransomware infection? How about getting infected by "torture ransomware" that uses a sadistic puppet to taunt you, slowly deleting your encrypted files while increasing the ransom demand until you pay?
A recent spate of spam emails has been tricking users into installing JavaScript-based downloaders, which then download and install Locky and TeslaCrypt ransomware, Microsoft warns. Security experts detail top defenses.
Attackers have been exploiting JBoss application servers to install remote-control web shells as part of a campaign that targets enterprises with network-hopping SamSam (a.k.a. Samas) ransomware, researchers at Cisco Talos warn.
A cybercrime gang has been using new malware to target business customers of banks in the United States and Canada and steal millions of dollars, primarily from business accounts, researchers at the IBM X-Force security group warn.
Russian authorities have reportedly sentenced Dmitry "Paunch" Fedotov, the developer of the notorious Blackhole exploit kit that's been linked to large amounts of fraud, to seven years in prison - an unusually severe sentence for online crime in that nation.
Is it ever acceptable for ransomware victims to pay a ransom to obtain the decryption key required to restore access to their data? Due to poor preparation, many organizations continue to face that question.
Backed by its own logo, Badlock refers to a set of critical Samba vulnerabilities in Windows and most Unix/Linux operating systems, which attackers could exploit to launch man-in-the-middle attacks against corporate networks.
Ransomware is on the rise. As businesses brace for attack, we can't help but wonder: what would you do if your company were hit with ransomware? Unfortunately, if you haven't backed up your files, there's nothing much you can do-unless you pay the ransom. Of course, that puts a target on your back for future malware...
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