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A new Android malware operation called RedWing is being rented out on Telegram as a ready-made bank-fraud service. It lets even low-skill criminals take over a victim's phone, steal their banking logins, and capture the one-time codes that protect their accounts
Top European Court Advisor Says Policy Should Be 'Refund Now, Sue Later'Banks must promptly refund phishing victims when the scams lead to unauthorized transactions, an advisor to the European Union’s top court has said. The case in question involves an unnamed Polish woman who got duped on an online auction platform.
Cybersecurity researchers have disclosed details of a new Android trojan called Massiv that's designed to facilitate device takeover (DTO) attacks for financial theft
The U.S. government has seized the 'web3adspanels.org' domain and the associated database used by cybercriminals to host bank login credentials stolen in account takeover attacks. [...]
Law enforcement authorities in Europe have arrested five suspects in connection with an "elaborate" online investment fraud scheme that stole more than €100 million ($118 million) from over 100 victims in France, Germany, Italy, and Spain
Recent, Targeted Attacks Suggest Undercut Group's Claimed 'Going Dark' RetirementElements of the notorious ransomware collective lately calling itself Scattered Lapsus$ Hunters appear to be targeting fresh victims, including a U.S. banking organization if not the sector at large, despite a member of the group claiming it would be "going dark" and retiring.
British bank TSB warns of rise of “finfluencers” who dispense dubious financial advice online
Don’t trust mystery digits popping up in your search bar Scammers are hijacking the search results of people needing 24/7 support from Apple, Bank of America, Facebook, HP, Microsoft, Netflix, and PayPal in an attempt to trick victims into handing over personal or financial info, according to Malwarebytes senior director of research Jérôme Segura.…
Attack Combines Social Engineering and Card Emulation to Execute Real-Time TheftHackers are using Chinese-speaking Android malware-as-a-service SuperCard X to carry out near-field communication relay attacks, siphoning payment card data and executing live point of sale and ATM transactions. Victims receive spoofed SMS or WhatsApp alerts purporting to originate from their bank.
Jason Costain on Ways Traditional and Digital Banks Could Learn from Each OtherDigital-only banks promise speed and sleek digital experiences but are not the best places to handle scam victims. Without branches to visit, victims find themselves stuck in a loop of chatbots, said Jason Costain, former head of fraud analytics and threat management at NatWest Group.
Jason Costain on Ways Traditional and Digital Banks Could Learn from Each OtherDigital-only banks promise speed and sleek digital experiences but are not the best places to handle scam victims. Without branches to visit, victims find themselves stuck in a loop of chatbots, said Jason Costain, former head of fraud analytics and threat management at NatWest Group.
What Do You Mean, Hospital-Targeting Sociopath Ransomware Wielders Continue to Lie?A ransomware group reusing the Babuk ransomware brand claims to have stolen data from the likes of Amazon, Delta and US Bank. Just one problem: Security experts found a startling overlap between its claimed victims and previous attacks scored by the likes of Clop, LockBit and RansomHub.
Yet another result of the MOVEit mess Hundreds of thousands of employees from major corporations including Xerox, Nokia, Koch, Bank of America, Morgan Stanley and others appear to be the latest victims in a massive data breach linked to last year's attacks on file transfer tool MOVEit.…
Lloyds Bank has revealed that Oasis fans comprise the vast majority of ticket scam victims it deals with
Academics Build AI Agent With OpenAI to Execute Phone Scams at ScaleHackers can use OpenAI's real-time voice API to carry out for less than a dollar deepfake scams involving voice impersonations of government officials or bank employees to swindle victims, said researchers at the University of Illinois Urbana-Champaign.
Automated Service Helped Subscribers Trick Victims Into Sharing One-Time CodesThree men have pleaded guilty to running OTPAgency, a subscription service for fraudsters designed to automatically phone targets and trick them into sharing the one-time codes criminals need to log into their bank accounts. The service targeted more than 12,500 individuals over its 18-month run.
A new Android malware that researchers call 'BingoMod' can wipe devices after successfully stealing money from the victims' bank accounts using the on-device fraud technique. [...]
Actual Victim: Evolve Bank, Now Dealing With Open Banking Enforcement Action by FedMore reasons to beware breathless reporting about a ransomware group's latest supposed victim: LockBit's claim to have breached the U.S. Federal Reserve Bank. Instead, the actual victim is Evolve Bancorp, which is currently dealing with an enforcement action by - wait for it - the Fed.
More Victims of Campaign Against Data Warehousing Platform Snowflake Come to LightAdd luxury department store chain Neiman Marcus and the Los Angeles Unified School District to the list of known victims of a cybercrime that accessed accounts at cloud-based data warehousing platform Snowflake. Other victims include Santander Bank and Live Nation Entertainment's Ticketmaster.
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.