The increasing reliance on collaboration tools such as Slack and Discord to support those working remotely during the COVID-19 pandemic has opened up new ways for fraudsters and cybercriminals to bypass security tools and deliver malware, Cisco Talos reports.
For the second time in two years, the contents of the darknet payment card marketplace Swarmshop have been removed and posted to a competing underground forum, Group-IB reports. The content includes data on more than 600,000 payment cards as well as administrator, seller and buyer information.
Attackers are targeting unpatched SAP applications, and the exploits could lead to the hijacking of the vulnerable systems, data theft and ransomware attacks, SAP and Onapsis Research Labs report. They note that patches for most of the flaws have been available for several years.
A Russian-speaking cybercriminal recently sold on a darknet forum thousands of stolen payment and gift cards that researchers at Gemini Advisory believe were taken from the now-defunct online gift card exchange Cardpool.com.
Crypto banks need to develop new ways to track suspicious activities, such as money laundering, says James Wester, research director, worldwide blockchain strategies, at IDC, a technology research and analysis provider.
Preventing deepfake fraud while addressing customer digital onboarding ease-of-use concerns is a balancing act. Sanjay Gupta of Mitek discusses the challenge of juggling security and the user experience in digital banking.
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.
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.
The Government Accountability Office is urging the U.S. government to respond more rapidly to cybersecurity issues, especially in the wake of the SolarWinds supply chain attack that led to the breach of nine federal departments as well as about 100 companies.