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A coordinated law enforcement operation, in partnership with private sector companies, including Bitdefender, Bitsight, ESET, and Microsoft, has resulted in the takedown of criminal infrastructure powering Amadey and StealC
The most damaging attacks continue to be ransomware, but financial fraud claims are more numerous — and both are driven by increasing third-party breaches.
From sophisticated nation-state campaigns to stealthy malware lurking in unexpected places, this week’s cybersecurity landscape is a reminder that attackers are always evolving. Advanced threat groups are exploiting outdated hardware, abusing legitimate tools for financial fraud, and finding new ways to bypass security defenses. Meanwhile, supply chain threats are on the rise, with open-source
Also: Bringing AML and Fraud Programs Together; the Global AI Arms RaceIn this week's update, ISMG editors discussed a U.K. proposal to mandate ransomware payment reporting, tackling financial crime by bringing together fraud and AML teams, and the global AI arms race as countries compete to lead innovation while balancing regulation and ethics.
Latest figures paint grim picture of how viciously the elderly are targeted The FBI says investment fraud was the form of cybercrime that incurred the greatest financial loss for Americans last year.…
A coordinated law enforcement effort codenamed Operation Duck Hunt has felled QakBot, a notorious Windows malware family that's estimated to have compromised over 700,000 computers globally and facilitated financial fraud as well as ransomware
The operators behind the BazaCall call back phishing method have continued to evolve with updated social engineering tactics to deploy malware on targeted networks