Advanced voice impersonation and deepfake technologies are giving rise to cybercrime groups that offer Vishing-as-a-Service, security researchers say. Vishing is proving to be successful in tricking victims and bypassing voice authorization mechanisms.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the FBI has seized bitcoins from an alleged REvil ransomware affiliate, how to mitigate risks from BIN attacks and the latest COVID-19 trends globally.
Ransomware attackers commonly bypass traditional email gateways, targeting people directly to gain access to a company's systems. The answer? Replace these porous controls with a people-centric security strategy, says Matt Cooke of Proofpoint.
A newly identified banking Trojan dubbed SharkBot is now targeting banking and cryptocurrency exchange customers across the U.K., Italy and the U.S. through a sideloading campaign and/or a social engineering campaign.
There’s no question 2020 and 2021 have brought unanticipated changes and challenges for Financial Services and beyond. The notable surge in consumers’ use of websites and mobile apps for their banking transactions and service interactions exposed critical gaps in digital identity and authentication methods. These...
Multiple cybercriminal groups appear to be targeting relatively new entrants in the space with phishing attacks. In what cybersecurity analysts at Group-IB call a "cannibalistic approach," these gangs are impersonating underground card shops to dupe the newbies for monetary gain.
The latest edition of the ISMG Security Report features an analysis of attempts made by European law enforcement to encourage young cybercriminals to channel their skills in more ethical ways. Also featured: Fraud detection and response; inspiring behavioral change.
For fraudsters, there has been no respite. The fraud
economy took no pandemic hit. There was no
reduction in schemes among adversaries and they
experienced no job losses. Instead, shifts toward an increased dependency on digital channels have presented a myriad of new opportunities for illicit
A Massachusetts man who used SIM swapping and other account takeover techniques to target business executives and steal more than $530,000 worth of cryptocurrency has pleaded guilty to several federal charges.
In its latest quarterly fraud and payments report, Outseer notes a 58% increase in brand abuse - a trend that's only going to grow, says COO Jim Ducharme. He analyzes this and other fraud trends, including how to reduce fraud without compromising user experience.
An ongoing hacking campaign is targeting Italian online banking users by infecting their devices with the Gozi banking Trojan and then prompting them to download Cerberus malware to make money transfers, according to IBM Security Intelligence.
The COVID-19 pandemic has led to an uptick in financial crimes, a sudden rise in digital banking activities and resources working from home. As a result, the AML landscape has become more challenging for financial institutions and other AML-regulated entities.
How has the AML regulatory climate shifted most...
Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.