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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.

Bank Info Security 5 months, 3 weeks ago

Minnesota Agency Notifies 304,000 of Vendor Breach

State Monitoring Incident Involving a Health Entity Worker for Potential FraudThe Minnesota Department of Human Services is notifying nearly 304,000 people of data breach involving someone at a healthcare provider who inappropriately accessed information from an IT system managed by a vendor. State officials are monitoring the incident for potential fraud.

Bank Info Security 7 months, 3 weeks ago

Breach Roundup: Recently Patched Oracle Flaw Under Attack

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.

Bank Info Security 1 year, 3 months ago

CaaStle CEO Commits a Major Fraud Faux Pas

CEO Accused of Providing Misleading Revenue, Liquidity Numbers to Key StakeholdersFinancial statement fraud is once again making headlines. Fashion startup CaaStle has accused its co-founder and CEO, Christine Hunsicker, of serious financial misconduct, leading to her resignation. The incident could be one of the biggest cases of start-up fraud in recent years.

Bank Info Security 2 years, 5 months ago

SolarWinds Requests Court Dismiss Regulator's Fraud Case

Calls Securities and Exchange Commission's Cybersecurity Allegations 'Unfounded'Network monitoring software vendor SolarWinds moved to dismiss a federal lawsuit accusing the company and its CISO of securities fraud after they allegedly misstated the efficacy of its cybersecurity controls. Russian intelligence hacked the company in an incident disclosed in 2020.

Dish Network has been slapped with multiple class action lawsuits after it suffered a ransomware incident that was behind the company's multi-day "network outage." The legal actions aim to recover losses faced by DISH investors who were adversely affected by what has been dubbed a "securities fraud."  [...]

The Hacker News 3 years, 4 months ago

How to Use AI in Cybersecurity and Avoid Being Trapped

The use of AI in cybersecurity is growing rapidly and is having a significant impact on threat detection, incident response, fraud detection, and vulnerability management. According to a report by Juniper Research, the use of AI for fraud detection and prevention is expected to save businesses $11 billion annually by 2023. But how to integrate AI into business cybersecurity infrastructure

Meanwhile South Korea's Do Kwon is sought for fraud by US authorities Norwegian authorities announced on Thursday that they had recovered $5.9 million of cryptocurrency stolen in the Axie Infinity hack – an incident widely held to have been perpetrated by the Lazarus Group, which has links to North Korea.…

A financially motivated threat actor has been observed deploying a previously unknown rootkit targeting Oracle Solaris systems with the goal of compromising Automatic Teller Machine (ATM) switching networks and carrying out unauthorized cash withdrawals at different banks using fraudulent cards