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Advocate General urges rethink of PSD2 to speed compensation after scams Analysis One of the European Union's top legal advisors is trying to change how banks treat cybercrime victims – meaning they could enjoy greater financial protections sooner than expected.…
Crooks used simple phone scam to compromise vendor account, spilling personal and financial data belonging to more than 15,000 people A voice-phishing scam targeting one of Ericsson's service providers has exposed the personal data of more than 15,000 individuals after attackers sweet-talked an employee into handing over access.…
Vulnerable citizens targeted by criminals purporting to represent fake police crisis department Scammers targeted Dubai citizens mere hours after missiles struck the city, attempting to gain access to their bank accounts, police have warned.…
PLUS: Unpatched Ivanti boxes under attack; 0APT might not be a scam; AI gets better at helping cyber-scum; And more Infosec In Brief An unknown attacker accessed the French government’s database listing every bank account in the country and made off with 1.2 million records.…
PLUS: Kryptos solution up for auction; Canadian parliament springs a leak; Fake crypto lawyers; And more Infosec In Brief New York State is suing bank-owned peer-to-peer payment app Zelle, claiming that the banks behind it knew fraud was rampant on the platform but allowed scammers to conduct business with impunity.…
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.…
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.…
FBI recovers just $8M after scam crashes Heartland Tri-State Bank The FBI has recovered $8 million in funds from a cryptocurrency scam that netted $47 million and devastated the Kansas city of Elkhart.…
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.…
Scammers' tactics are tiresomely familiar: get-rich-quick schemes and data harvesting China's Ministry of Industry and Information Technology has warned local netizens that fake wallet apps for the nation's central bank digital currency (CBDC) are already circulating and being abused by scammers.…
Won't someone please think of the banks? Singapore officials announced on Monday that next month they will deliver a consultation paper detailing a split liability scheme that will mean both consumers and banks are on the hook for financial losses flowing from scams.…
Thieves go nose-to-tail stripping cash from victims The US Department of Justice has seized cryptocurrency worth about $112 million from accounts linked to so-called pig butchering investment scams.…
Phishing, dodgy domain names, and sophisticated attacks already deployed The collapse of Silicon Valley Bank (SVB) late last week sent tremors through the global financial system, creating opportunities for short-sellers ... and numerous species of scammer.…
18 people and businesses charged, one giant web of connections America's financial watchdog has accused 18 individuals and shell companies of using compromised brokerage accounts to manipulate stock prices to rake in $1.3 million in illicit profits.…
Financial watchdog accuses 11 of playing role in alleged scam Forsage, an alleged crypto Ponzi scheme purporting to be a decentralized smart contract platform, bilked millions of investors worldwide out of more than $300 million, according to America's securities watchdog.…
Fraudster and two alleged accomplices nabbed in joint op An Interpol-led operation code-named Killer Bee has led to the arrest and conviction of a Nigerian man who was said to have used a remote access trojan (RAT) to reroute financial transactions and steal corporate credentials. Two suspected accomplices were also nabbed.…
What could be safer than sending money to yourself through your own bank? A new social engineering scam is making the rounds, and this one is particularly insidious: It tricks users into sending money to what they think is their own account to reverse a fraudulent charge. …