Fraud Management & Cybercrime , Ransomware Domestic Teen Groups Demand ‘Nip the Bud’ and ‘Alternative Pathways,’ Experts Say Mathew J. Schwartz (euroinfosec) • April 19, 2024 Ransomware experts are concerned about the rise of Western affiliates of mostly Russian ransomware groups. (Image: Shutterstock) Western law enforcement agencies are battling a rising ransomware threat: […]
Blockchain & Cryptocurrency , Cryptocurrency Fraud , Fraud Management & Cybercrime Hacker Masterminded, Executed $110 Million Crypto Fraud Scheme Marianne Kolbasuk McGee (HealthInfoSec) • April 18, 2024 A New York federal jury found Aaron Eisenberg, 28, guilty on all three counts releated to the October 2022 hack of the Mango Markets decentralized finance […]
Cybercrime as-a-service , Fraud Management & Cybercrime , ID Fraud Cybercriminals Netting Over 50 Credentials Per Infected Device, Kaspersky Says Jayant Chakravarti (@JayJay_Tech) • April 18, 2024 A rise in infostealer malware attacks over the past three years has enabled cybercriminal groups to turn credential stealing into a major money-making business, paving the […]
Fraud Management & Cybercrime , Ransomware Experts See Groups Shoot Themselves in the Foot by Yet Again Swindling Affiliates Mathew J. Schwartz (euroinfosec) • April 18, 2024 Fewer victims are paying extortion demanded by ransomware groups, says Coveware. (Image: Shutterstock) Here’s ransomware news to celebrate: The number of victims who opt to pay […]
Employee fraud grew significantly last year thanks to the opportunities afforded by remote working and the pressures of a cost-of-living crisis in the UK, according to Cifas. The anti-fraud non-profit claimed that the number of individuals recorded in its cross-sector Insider Threat Database (ITD) increased 14% year-on-year (YoY) in 2023, with the most common reason […]
Cloud Security , Cryptocurrency Fraud , Fraud Management & Cybercrime Hackers Target OpenMetadata Platforms Running on Cloud Kubernetes Environments Prajeet Nair (@prajeetspeaks) • April 17, 2024 Hackers who appear to be Chinese would rather use Kubernetes clusters running hacked OpenMetadata platforms to mine crypto than their own infrastructure. (Image: Shutterstock) Hackers who appear […]
Fraud Management & Cybercrime , Ransomware Experts See Surge in Attacks, Including in Russia, Using Leaked LockBit Code Mathew J. Schwartz (euroinfosec) • April 17, 2024 A LockBit ransomware attack doesn’t always come from LockBit. (Image: Shutterstock) What do a German healthcare network, a Russian security company and an American bridal clothing retailer […]
Fraud Management & Cybercrime , Governance & Risk Management , Healthcare Proposed Action Also Orders Cerebral Inc. to Pay $7M Penalty Marianne Kolbasuk McGee (HealthInfoSec) • April 15, 2024 Image: FTC, Cerebral The Federal Trade Commission has proposed restricting a mental telehealth service firm from sharing consumer data and requiring it to pay […]
Artificial Intelligence & Machine Learning , Fraud Management & Cybercrime , ID Fraud Experts Warn AI Tools Can Now Compromise Voice Password Systems Used by Many Banks Rashmi Ramesh (rashmiramesh_) • April 12, 2024 The voice authenticating a bank account could be real, or could be artificial intelligence. (Image: Shutterstock) At many financial […]