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LATEST SECURITY NEWS HEADLINES
NEWS & INDUSTRY UPDATES
Two Romanian nationals have been sentenced to 20 and 18 years in prison in the United States for their roles in a multi-million dollar online fraud operation. [Read More]
Facebook files lawsuit in California against a Chinese company for engaging in ad fraud on the social media platform. [Read More]
Authorities in the United States recently stopped the activities of more than 600 domestic money mules. [Read More]
The website of American gunmaker Smith & Wesson was hacked by a Magecart group that likely gained access after exploiting a known Magento vulnerability. [Read More]
At least 160 Church’s Chicken restaurants across 11 U.S. states are impacted by a data breach that involved unauthorized access to payment processing systems. [Read More]
Russian national Stanislav Vitaliyevich Lisov has been sentenced to 4 years in prison in the United States for using the Neverquest Trojan to steal money from bank accounts. [Read More]
Macy’s informs customers that the checkout and wallet pages on its official website hosted a payment card skimmer between October 7 and October 15. [Read More]
Two Massachusetts men were arrested and charged this week for employing SIM swapping in attacks aimed at stealing cryptocurrency from their victims’ accounts. [Read More]
Venafi has uncovered over 100,000 fake domains with valid TLS certificates that mimic the domains of 20 major retailers in the US, UK, Australia, Germany and France. [Read More]
Retailers are spending their budgets on improving their e-commerce platforms to receive money while neglecting to invest adequately in security. [Read More]
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FEATURES, INSIGHTS // Fraud & Identity Theft
Although robocalls are a pain for many of us, action is being taken to bring the problem under control.
Organizations may not be able to mitigate BEC scams entirely; however, tightening up processes will ensure data exposure is kept to a minimum.
The abundance of compromised card data and other assets available online continues to hinder the fight against card-not-present (CNP) fraud.
Even organizations with the most robust defense solutions and advanced automated technologies cannot effectively combat threats such as BEC without the adequate support and nuanced expertise of humans.
While a credit freeze can protect against the opening of fraudulent credit accounts, it is not an inoculation against identity theft. What can be done to help protect identities and the attributes associated with them?
The attackers may be looking for the path of least resistance, but there is no shortcut to securing your platform.
In addition to basic credit monitoring, breached companies need to get ahead of the attacks and start providing security solutions that actually protect the victims before they are victimized again.
While effective at curbing “petty crimes” such as credit skimming / cloning, EMV does not address more sophisticated cyber-attacks that target backend systems which contain card holders’ most sensitive information.
Many fraudulent accounts are mere satire or innocuous trolling, but others are created with far more devious intentions.
Social engineering attacks can happen at any time. Here are some strategies you can use to help reduce the chances of a successful social engineering/phishing attack you or your organization.
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SecurityWeek Daily Briefing
- Some Hackers Take the Ransom and Run: Researchers
- Cisco Patches Critical Vulnerability in Network Security Tool
- CloudKnox Security Raises $12 Million in Funding
- Vulnerabilities Found in GE Healthcare Patient Monitoring Products
- Targeted Phishing Campaign Leverages Death of Iranian General Qasem Suleimani
- What We Know, And Don’t, About the Alleged Bezos Phone Hack
- Data Security Startup Privafy Emerges From Stealth Mode
- Iran-Linked RAT Used in Recent Attacks on European Energy Sector
- Mastercard Opens New Intelligence and Cyber Center in Vancouver, Canada
- Serious Vulnerabilities Expose Honeywell Surveillance Systems to Attacks
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