Banking institutions are seeing a significant spike in multi-channel financial crimes. But Duncan Ash and Julio Gomez of Splunk say data and analytics can be key differentiators in the effort to protect sensitive financial data.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
Australian police say they've broken up a sophisticated SMS phishing scheme designed to collect personal details and bank login credentials. It's a rare success in the fight against unsolicited text messages.
The posting on Russian underground forums of source code for the Android mobile banking Trojan Cerberus has led to an increase in attacks as well as updates to the malware, the security firm Kaspersky reports.
So-called "cybersquatting" attacks are surging, with financial and e-commerce websites - including those of PayPal, Royal Bank of Canada, Bank of America and Amazon - among the most frequent targets, according to Palo Alto Networks' Unit 42.
The operators behind the Qbot banking Trojan are deploying a new version of the malware that uses hijacked Outlook email threads to send personalized phishing emails, according to Check Point Research. This campaign has targeted over 100,000 victims worldwide.
When implementing a cybersecurity risk framework, enterprises should use a structured approach to identity and evaluate and manage the risks posed by increased digital transactions during the pandemic, says Dmitry Chernetsky, global presales expert, Kaspersky-APAC.
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.
Reddit had a very "Make America Great Again" weekend, as more than 70 subreddits were temporarily hijacked and used to post "MAGA" messages in support of U.S. President Donald Trump. Attackers claim they used social engineering and password stuffing to compromise the accounts.
Chaos ensued when miscreants interrupted a virtual bail hearing on Wednesday for the suspected Twitter hacker, hijacking the feed with screams, chatter and, for a few brief seconds, pornography. The meeting details were public, and the meeting had not been password protected.