The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
The U.S. Department of Justice has charged three men in a fraud scheme reportedly tied to hacks of JPMorgan Chase. Separately, two men are charged with running an unlicensed online bitcoin exchange used by Russian criminals.
Malware kingpin Vladimir Tsastsin has pleaded guilty to charges relating to a $14 million click fraud scheme that the FBI dubbed Operation Ghost Click. The scheme, which also involved money laundering, affected 4 million victims in 100 countries.
Warning: All versions of Flash Player are vulnerable to a zero-day, weaponized exploit that became public when Italian spyware vendor Hacking Team was hacked, and 400 GB of corporate data leaked. Adobe has released an update to patch the flaw.
Symantec has issued new warnings about a malware strain known as Poweliks, noting that this Trojan is being used in conjunction with ransomware. But security experts disagree over the severity of the threat.
This year's Infosecurity Europe conference in London is offering a top-notch range of sessions, ranging from how to battle cybercrime and social engineering to building a better security culture and workforce. Here's my list of must-see sessions.
Britain's computer emergency response team - CERT-UK - reports that malware remains the dominant mode of online attack for cybercriminals, and Zeus their most preferred tool of choice. But the team is promoting a free information-alert service to help.
Visa has agreed to increase the reimbursement paid to banking institutions that must reissue cards in the wake of a merchant breach. Now the smaller card issuers, such as community banks, are getting paid the most.
The FBI is offering a big-stakes reward for an alleged criminal who ranks at the top of its "cyber most wanted" list. But one cybercrime expert asks: "Would you cross the Russian mafia or some organized crime gang for $3 million?"
Much of today's crime is "cyber-enabled," warns cybercrime expert Raj Samani, and successfully blocking such attacks increasingly demands not just better technology and public-private collaboration, but also an understanding of psychology.
More hackers are holding data for ransom, demanding everything from bitcoins to the shutdown of nuclear reactors, under the threat of leaking sensitive information. But it's not clear how many such attacks generate revenue for attackers.
Ransomware attacks are getting more agile, varied and widespread, and are increasingly taking aim at businesses of all sizes in all sectors, rather than consumers. That's why employee education is so critical.
As a result of the explosive growth in worldwide use of smart phones, mobile malware will play a much bigger role in fraud this year, predicts Daniel Cohen, a threat researcher for RSA, which just released its 2014 Cybercrime Roundup report.