Many governments are exploring Central Bank Digital Currencies to reduce costs and expand digital inclusion. Karen Hsu of AppDome discusses the opportunities and challenges for minting digital money.
New York state officials are warning insurance and financial firms that fraudsters continue to probe for security weaknesses in websites offering instant quotes, as a way to target consumers' data. Attackers are now using credential stuffing techniques and targeting unprotected data in transition.
A Kansas man faces federal charges for allegedly accessing the network of a local water treatment facility and tampering with the systems that control the cleaning and disinfecting procedures, according to the Justice Department. The charges follow a similar security incident at a Florida facility.
Synthetic identity fraud is a pervasive yet ill-defined crime – hard to define as well as to detect. Greg Woolf of FiVerity discusses a recent initiative by the Federal Reserve in Boston to better define and therefore better manage SIF.
A North Korean government-backed threat group that was detected targeting security researchers in January is once again staging a campaign against them using advanced social engineering techniques, Google reports.
The latest edition of the ISMG Security Report features an analysis of retailer Fat Face’s awkward "strictly private and confidential" data breach notification. Also featured: Discussions on the ethics of buying leaked data and the rise of central bank digital currencies.
Anyone wanting to invent a system designed to stoke widespread abuse by fraudsters would be hard-pressed to best the non-fungible token. Because they get bought and sold using cryptocurrency, it's only a question of when scammers will turn their attention to defrauding NFT aficionados.
An Israeli citizen who served as the administrator of the now-shuttered DeepDotWeb portal that connected internet users with dark web marketplaces selling malware, data and contraband has pleaded guilty to a money laundering conspiracy charge.
Pharmaceutical companies can leverage data analytics, predictive analytics and artificial intelligence to fight drug diversion fraud, says Charles Washington, senior director, global fraud and asset protection, at Pfizer.
The ODP Corp. reports in a Securities and Exchange Commission 8-K filing that it has suffered a loss of about $28 million due to a March 1 cyber incident at its business services and supplies subsidiary, CompuCom, that forced the company to shut down some of its operations.
Customers of Indian payments platform MobiKwik appear to have gotten a lucky break: A listing for 8.2TB of stolen data pertaining to 99 million customers was withdrawn by a cybercrime forum seller, supposedly because of the public risk posed. MobiKwik continues to deny that it was breached. Who's to be believed?
The Iranian-linked threat group TA453, also known as Charming Kitten and Phosphorus, conducted a phishing campaign, dubbed "BadBlood," in late 2020 that targeted senior U.S. and Israeli medical researchers in an attempt to obtain their Microsoft Office credentials, according to Proofpoint.
Banks and mobile network operators should collaborate to mitigate the risks of SIM swap fraud, which can lead to account takeovers, says Clare Messenger, global head of fraud protection at the U.K. telecom firm JT Group Ltd.
Security practitioners often tread a fine and not entirely well-defined legal line in collecting current and meaningful research. This research can also pose ethical questions when commercial sources for stolen data fall into a gray area.
Check Point Research says it has spotted more than 50,000 ransomware attack attempts worldwide so far against unpatched on-premises Microsoft Exchange email servers.
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