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 … Continue Reading
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 … Continue Reading
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 … Continue Reading
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 … Continue Reading
