Driven by the profits to be achieved via ransomware, most botnet operators have dropped banking Trojans in favor of supporting and running crypto-locking malware attacks, according to security experts who spoke Wednesday at cybersecurity firm Group-IB's CyberCrimeCon 2020 virtual conference.
The gang operating Trickbot is continuing its activities despite recent takedown efforts, rolling out two updates that make the malware more difficult to kill, according to the security firm Bitdefender.
A Chinese advanced persistent threat group has recently begun ramping up its activities with a new phishing campaign leveraging updated malware that's targeting diplomatic missions around the world to collect data and monitor communications, according to Proofpoint.
Last week, fraudsters targeted two cryptocurrency platforms by accessing domains managed by GoDaddy, according to notices published by the victimized firms. The domain register company previously has had issues with unauthorized access.
Fraudsters are increasingly using free Google services to create more realistic phishing emails and malicious domains that circumvent security filters, the security firm Armorblox reports.
"Has anyone witnessed any examples of criminals abusing artificial intelligence?" That's a question security firms have been raising. A new report has identified likely ways in which such attacks might occur and offers examples of threats already emerging
The Chinese hacking group "Cicada" is exploiting the critical Zerologon vulnerability in Windows Server as part of a cyberespionage campaign that's mainly targeting Japanese companies' locations around the world, according to the security firm Symantec.
As synthetic ID fraud in the financial services sector continues to rise next year, organizations must use new technologies to mitigate the risks, says Saif Nawaz of Meridian Credit Union in Canada.
Researchers at the security firm Cybereason have uncovered a multistage malware variant that evades antivirus tools and is targeting users of a major Brazilian e-commerce site.
Microsoft's Security Intelligence team is warning users of the Office 365 suite about an ongoing phishing campaign that appears to be harvesting victims' credentials. The emails use several techniques to bypass and evade secure email gateways.
Twitter has hired network security expert Peiter Zatko to serve in the newly created position of head of security following a series of high-profile cyber incidents. Zatko, known as "Mudge," gained fame as a member of the ethical hacking group "Cult of the Dead Cow" and worked for the government and Google.
COVID-19 has accelerated the shift to digital banking. Now financial organizations must balance robust fraud prevention with a frictionless user experience, says Mike Slaugh, executive director of financial crimes management at USAA.
Distributed denial-of-service attacks have not garnered much attention this year. But analysts say such attacks could surge, and they have the potential to be just as damaging as ransomware and other types of cyberthreats.
The gang behind the Ragnar Locker ransomware posted an ad on Facebook in an attempt to publicly shame a victim so it would pay a ransom. Security experts say the innovative tactic is indicative of things to come.
In this report, Aite describes the current market environment of contact center fraud in financial institution contact centers, fraud activity in interactive voice response (IVR), and financial institution's technology investment plans to combat such fraud.
You will learn how FI's protect contact centers, where...
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