With the abundance of PII available on the dark web, there has been an explosion of synthetic identity fraud. Michael Lynch of InAuth discusses how device and user data can be leveraged to combat the fraudulent opening of new accounts.
One mystery with the recently discovered payment card sniffing attacks against such organizations as British Airways and Newegg has been how attackers might have first gained access to the victims' networks. But a number of cybercrime markets sell such access, in some cases for as little as 50 cents.
Scotland's Arran Brewery fell victim to a Dharma Bip ransomware attack that infected its Windows domain controller and crypto-locked files and local backups, leading to the loss of three months' worth of sales data. The brewery refused to pay the attackers' two bitcoin ransom demand.
Business email compromises have been at the center of a number of procurement fraud scams, says Allan Stojanovic, a security architect and analyst at the University of Toronto, who describes the fraud and why it's so difficult to thwart.
Online retailer Newegg is investigating a malware attack that may have stolen customers' payment card details for more than a month. Security firms have traced the heist to Magecart, a loose affiliation of cybercrime gangs also tied to payment card data breaches at British Airways and Ticketmaster.
Criminals operating online continue to target cryptocurrencies, leverage phishing and other social engineering attacks, as well as tweak age-old scams - including Nigerian prince emails - for the modern age. So warns Europol in its latest Internet Organized Crime Threat Assessment.
Lawsuits sparked by massive data breaches at Yahoo - and the company's failure to report those breaches to investors in a timely manner - could soon be resolved. Plaintiffs and defendants say they have committed to a $47 million deal that they expect to submit for court approval within 45 days.
More evidence that running cybercrime schemes remains inexpensive and accessible to anyone with criminal intent: To send spam emails, admitted botnet herder Peter Levashov quoted customers $500 for 1 million emails. And that was just his 2016 pricing.
Coordinated police raids in Germany and Sweden have resulted in the arrest of two Syrian nationals suspected of running a cyber fraud operation that purchased stolen card data to book hundreds of airline and train tickets to help smuggle people from the Middle East into Europe.
The latest edition of the ISMG Security Report features an analysis of a new Government Accountability Office report on the causes of last year's massive Equifax breach. Also: An update on the role of tokenization in protecting payments.
A Romanian court has ruled that the notorious hacker "Guccifer," who discovered the existence of Hillary's Clinton's private email server, will be extradited to the U.S. to serve a 52-month prison sentence after he finishes serving a seven-year sentence in his home country.
Russian national Peter Levashov, who was arrested in Spain last year and extradited to the U.S., has admitted to a two-decade crime spree that included running multiple botnets that harvested online credentials while also pumping out spam, banking Trojans and ransomware.