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Bank Info Security 1 month, 1 week ago

Identity Scams Evolve Into Multi-Stage Attacks

Victims Increasingly Face Multiple Compromises From a Single IncidentIdentity theft scams are increasingly unfolding as coordinated, AI-assisted attack chains that begin with phishing or impersonation escalate into account takeovers, device compromise and broader fraud, according to the Identity Theft Resource Center.

Fraudsters Tokenize Stolen Cards Into Attacker WalletsGoogle Threat Intelligence Group warned that Chinese-language phishing-as-a-service platforms are using AI, encrypted messaging and real-time OTP interception to bypass multifactor authentication and provision stolen payment cards into attacker-controlled digital wallets worldwide.

Krebs on Security 2 months, 3 weeks ago

‘Scattered Spider’ Member ‘Tylerb’ Pleads Guilty

A 24-year-old British national and senior member of the cybercrime group "Scattered Spider" has pleaded guilty to wire fraud conspiracy and aggravated identity theft. Tyler Robert Buchanan admitted his role in a series of text-message phishing attacks in the summer of 2022 that allowed the group to hack into at least a dozen major technology companies and steal tens of millions of dollars worth of cryptocurrency from investors.

The U.S. Federal Bureau of Investigation (FBI), in partnership with the Indonesian National Police, has dismantled the infrastructure associated with a global phishing operation that leveraged an off-the-shelf toolkit called W3LL to steal thousands of victims' account credentials and attempt more than $20 million in fraud

The U.S. Federal Bureau of Investigation (FBI) has warned that cybercriminals are impersonating financial institutions with an aim to steal money or sensitive information to facilitate account takeover (ATO) fraud schemes

Cybersecurity researchers have shed light on a cybercriminal group called Jingle Thief that has been observed targeting cloud environments associated with organizations in the retail and consumer services sectors for gift card fraud

Britain's Tax Collector HMRC Lost $63 Million to Fraudsters Wielding Taxpayer DataPolice on Thursday arrested 13 individuals in Romania and one in England on suspicion of engaging in a massive tax fraud scheme against Britain. The arrests appear to be tied to a gang that used phishing attacks against British taxpayers to steal $63 million via fraudulent tax claims.

Alerts Come on the Heels of Recent Attacks on InsurersU.S. federal authorities are warning the public and healthcare sector entities of email and fax phishing scams by fraudsters seeking to steal personal information about patients or payments. The warnings come as three large U.S. insurers continue to recover from recent cyberattacks.

Microsoft has shed light on an ongoing phishing campaign that targeted the hospitality sector by impersonating online travel agency Booking.com using an increasingly popular social engineering technique called ClickFix to deliver credential-stealing malware

Phishers check in, your credentials check out, Microsoft warns An ongoing phishing campaign disguised as a Booking.com email casts keystroke and credential-stealing malware into hospitality employees' inboxes for financial fraud and theft, according to Microsoft Threat Intelligence.…

A Chinese national has been indicted in the U.S. on charges of conducting a "multi-year" spear-phishing campaign to obtain unauthorized access to computer software and source code created by the National Aeronautics and Space Administration (NASA), research universities, and private companies

Hackers Used Dozens of Servers to Distribute Malicious Android AppsLaw enforcement authorities in Singapore, Malaysia, Hong Kong and Taiwan took down a cybercrime ring that used dozens of servers and hundreds of phishing pages across multiple jurisdictions to run a malware-enabled scam operation and steal tens of millions from victims' bank accounts.

Microsoft is warning of an uptick in malicious activity from an emerging threat cluster it's tracking as Storm-0539 for orchestrating gift card fraud and theft via highly sophisticated email and SMS phishing attacks against retail entities during the holiday shopping season

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