The COVID-19 pandemic has led to changes in the way payments are made. David Lott of the Federal Reserve Bank of Atlanta discusses how fraudsters are adapting to the changing landscape.
Ransomware-wielding gangs continue to rack up new victims and post record proceeds. That's driving new players of all sizes and experience to try their hand at the crypto-locking malware and data-exfiltration racket.
Card-not-present fraud is rising as fraudsters inject malware into e-commerce websites to harvest account information, says Gord Jamieson of Visa. But the artificial intelligence models used to detect this fraud need to be refined to better mitigate this threat, he says.
FINRA, a private organization that helps self-regulate brokerage firms and exchange markets, is warning that fraudsters have recently started creating spoofed websites and domains using members' real names and images in an attempt to steal personal information and credentials.
The U.S. Department of Justice has charged former Uber CSO Joseph Sullivan with obstruction of justice for allegedly covering up the 2016 hack of the ride-sharing service, which compromised sensitive data for 57 million Uber passengers and drivers.
The University of Utah paid a $457,000 ransom to stop a hacker from disclosing data stolen in a July ransomware attack on the network of its College of Social and Behavioral Science.
Diebold Nixdorf and NCR have issued patches for ATM software vulnerabilities that could enable a hacker with physical access to the devices to commit deposit forgery, according to the Carnegie Mellon University CERT Coordination Center.
Lucifer, a botnet that has been infecting Windows devices with cryptominers and using compromised systems for distributed denial-of-service attacks, now has the ability to compromise Linux-based systems as well, according to Netscout's ATLAS Security Engineering & Response Team.
"Transparent Tribe," a hacking group that targets military and diplomatic organizations, has updated its Crimson remote access Trojan to enable the malware to steal data from removable devices and then use these devices to spread to other systems, according to new research from Kaspersky.
The latest edition of the ISMG Security Report analyzes why ransomware gangs continue to see bigger payoffs from their ransom-paying victims. Also featured: Lessons learned from Twitter hacking response; security flaw in Amazon's Alexa.
A data breach affecting the South African branch of credit reporting company Experian exposed information on 24 million consumers and almost 800,000 businesses, according to the South African Banking Risk Information Center. But Experian says no consumer credit or financial information was exposed.
The FBI and the Cybersecurity and Infrastructure Security Agency have issued a warning about a new malware strain tied to North Korean hackers that's being used in fake job posting messages sent to defense industry employees.
Criminals are devising ways to circumvent fraud-fighting measures that use artificial intelligence, says Avivah Litan, a vice president at Gartner Research, who discusses mitigation strategies.
Never store hardcoded credentials in code uploaded to public-facing GitHub repositories, and make sure none of your business associates are doing that. Those are just two takeaways from a new report that describes how nine organizations were inadvertently exposing health records for at least 150,000 patients.
The COVID-19 pandemic is forcing big businesses to rethink their security plans. For example, the National Football League is experimenting with "zero trust" architectures, while Jet Blue is focusing on more frequent risk assessments.
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