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NEWS & INDUSTRY UPDATES
A large number of spam messages recently sent by the same botnet were observed featuring randomized headers and even different templates, with some emails resembling phishing. [Read More]
Russian man pleads guilty in a Manhattan federal court to the hacking of various financial institutions in the United States, including JPMorgan Chase and Dow Jones. [Read More]
As Americans prepare for 2020 elections, digital threats to election security are multiplying, stoking fears of a tainted outcome. [Read More]
Twitter said Friday it has closed down thousands of accounts across the world for spreading fake news as well as pro-government propaganda, including in places like the United Arab Emirates, China and Spain. [Read More]
The Department of Justice this week announced the arrest of two individuals charged for participating in a long-term tech support fraud scheme. [Read More]
A Magecart threat actor has compromised the websites of two hotel chains to inject scripts targeting Android and iOS users. [Read More]
Philippines immigration agents, backed by troops, have arrested more than 300 Chinese for alleged cyber crimes, a week after a similar number were detained during a raid linked to investment fraud. [Read More]
Facebook has shut down 200 accounts, groups and pages originating in Iraq and Ukraine that engaged in “inauthentic behavior.” [Read More]
Nigerian and US authorities said Tuesday that nearly 300 people had been arrested in a months-long global crackdown on online scams to hijack wire transfers from companies and individuals. [Read More]
Twitter has decided to temporarily disable tweeting via SMS after hackers abused the feature to hijack the account of the social media company’s CEO. [Read More]
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FEATURES, INSIGHTS // Fraud & Identity Theft
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.
They always say in the investment world that cash is king. We are now seeing that in terms of cyber as well. Stealing cash, it’s even better than stealing money.
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SecurityWeek Daily Briefing
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- Threat Intelligence Firm Flashpoint Raises $34 Million
- Chinese Hackers Targeted International Aerospace Firms for Years
- Massachusetts Governor Announces New Cybersecurity Program
- Researcher Publishes PoC Exploit for Recent Android Zero-Day
- Under New Ownership, DigiCert Expands into Verified Mark Certificates
- Pitney Bowes Says Disruptions Caused by Ryuk Ransomware
- Indiana Hospital System Notifying Patients After Data Breach
- Russia's Security Service Says Rebuilding Ties With U.S.
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