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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
15-year-old among six arrested after Dutch cops target suspected bank fraud call center
The emerging malware, spread via fake TikTok and Chrome downloads, has evolved by combining banking fraud with extensive device surveillance and remote control.
Rokarolla Android trojan steals banking logins and spies on victims while blocking fraud alerts
Security researchers and the FBI are warning that a wave of FIFA-themed fraud is already hitting World Cup 2026 fans, days before the June 11 kickoff
In this blog entry, researchers from the TrendAI™ MDR team discuss how they mapped the full end-to-end operation of SHADOW-WATER-063’s Banana RAT banking malware by analyzing server-side artifacts and victim-side data.
Fraud Expert Ken Palla on Why Detection Controls Still Lag BehindFraud continues to climb even as banks invest heavily in detection tools and analytics. The gap between technology spending and fraud losses reflects a deeper issue in how financial institutions approach scam prevention, says Ken Palla, retired director at MUFG Bank.
They cleverly mimic most traits of a real phone Smartphones have fast become the basis of our digital identities, securing payment systems and bank accounts. Now virtual devices that pretend to be real handsets have become a key tool for financial scammers, according to one company. …
Mobile banking malware targets over 1200 financial apps globally, shifting fraud to user devices
Cybersecurity researchers have disclosed a new Android malware family called Perseus that's being actively distributed in the wild with an aim to conduct device takeover (DTO) and financial fraud
Cybersecurity researchers have discovered half-a-dozen new Android malware families that come with capabilities to steal data from compromised devices and conduct financial fraud
Cadence Bank's Brent Phillips Focuses on Controls for Online Account OpeningFinancial institutions face rising losses from first-party fraud schemes that begin with online account opening. One of the most effective ways to reduce exposure involves practical, risk-based controls that limit how much trust new customers receive before their behavior can be established.
New Android malware enables unauthorized tap-to-pay transactions without physical access to bank cards
The U.S. Justice Department (DoJ) on Monday announced the seizure of a web domain and database that it said was used to further a criminal scheme designed to target and defraud Americans by means of bank account takeover fraud
The threat actor known as Water Saci is actively evolving its tactics, switching to a sophisticated, highly layered infection chain that uses HTML Application (HTA) files and PDFs to propagate a worm that deploys a banking trojan via WhatsApp in attacks targeting users in Brazil
A new Android malware named Albiriox has been advertised under a malware-as-a-service (MaaS) model to offer a "full spectrum" of features to facilitate on-device fraud (ODF), screen manipulation, and real-time interaction with infected devices
Also: npm Packages Infiltrated, FBI Issues Fraud Alert, Campbell's Soup Cans CISOThis week, a recently fixed Oracle flaw is being actively exploited, Shelly tackled Pro 4PM DoS bug, "Shai-Hulud 2.0" hit npm, the FBI warned of rising bank account takeover scams, regulators fined Comcast over a vendor breach, Iberia reported a supplier incident and Campbell's canned its CISO.
The FBI warns of a surge in account takeover (ATO) fraud schemes and says that cybercriminals impersonating various financial institutions have stolen over $262 million in ATO attacks since the start of the year. [...]