Leveraging Knowledge to Manage Your Data Risks
Security research firm Gigamon has reported that the nasty cybercriminal group FIN8 may have reappeared in June after a two year silence. FIN8 is known for implementing malware on point of sale systems to steal credit card information and selling it on the dark web.
FIN8 appears to be back in business with a new…
Fireeye published research last week that it has identified a phishing campaign by APT34, which is known to be a hacking group out of Iran, that all LinkedIn users should be aware of when considering adding a LinkedIn contact. In particular, if you receive a LinkedIn request from someone named Rebecca Watts from Cambridge University,…
On August 10, 2018, the Federal Bureau of Investigation (FBI) issued a private warning to banks that cybercriminals are planning to “conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation.’”
A typical unlimited operation uses…
It is well known that hackers and fraudsters surf Facebook to find individuals who have not protected their information through Facebook’s privacy settings. People put a lot of information on Facebook that is very personal and can give criminals detailed leads on how to launch successful campaigns against unsuspecting victims.
Less publicized is the fact…
On January 17, 2017, officials in Farmington, Connecticut disclosed that the town was recently the victim of a multi-million dollar theft likely perpetrated by sophisticated cybercriminals operating in China. The thieves intercepted a $2 million dollar Automated Clearing House (ACH) transfer that was intended as payment to a local company for work on a large town project.
The theft, which serves as a stark reminder to organizations of the need to assess and update their money transfer internal controls, is the latest in a string of cyber fraud schemes exploiting ACH, Society for Worldwide Interbank Financial Telecommunication (SWIFT), and other money transfer systems. Similar thefts of municipal money have been reported in Kansas, Texas, and New Hampshire, and attacks on banks in Ukraine, Bangladesh, and Ecuador have resulted in losses ranging from $10 million to $81 million.
Continue Reading Connecticut Town Struck by Cyber Fraud
2016 has been a banner year for ransomware cybercriminals. We have seen a dramatic rise in the use of ransomware, and businesses continue to become victims to ransomware, primarily through phishing and spear phishing schemes.
The cybercriminals are getting so brazen, that when they attack a business with ransomware, they actually provide instructions on how…
