Financial Fraud News, Articles and Updates
Symantec researchers linked a cyber attack on a Philippines bank to the group that stole $81 million from the Bangladesh Central Bank and to the 2014 Sony hack.
Researchers at security firm Cloudmark have seen a 913 percent increase in daily SMS phishing reports.
A Russian national is in custody in Newark, N.J., facing charges of hacking into the web accounts of several brokerages to initiate sham stock trades that allegedly netted $1 million.
After more than two years of litigation, a U.S. District judge has dismissed nine of the 10 causes of action brought forth as part of a class-action lawsuit by nine banks.
Two of the three men accused of swiping the debit card credentials of 1,490 ATM users in Manhattan remain behind bars. The other defendant is at large.
Cybercriminals typically ramp up their phishing efforts during the holiday season and following natural disasters, according to the American Bankers Association.
The organized structure of a huge identity theft operation, based in New York, allowed members to make millions in profits.
Researchers at Trend Micro say they have been hot on the tracks of a corporate hacker, and now they are turning over their findings to U.S. law enforcement.
The personal information of tens of thousands of individuals is at risk after hackers broke into the credit card processing systems of Vacationland Vendors
The largest Bitcoin currency exchange market, Mt.Gox, is currently offline after suffering a cyberattack that caused the market to crash.
Criminals are targeting the digital currency Bitcoin with new malware designed to steal victims' online wallets, several security firms warned this week.
In a potentially precedent-setting court ruling, a U.S. magistrate judge has ruled that a bank is not responsible for covering the loss of nearly $300,000 that was illegally wired out of the bank account belonging to a Maine construction company.
Federal authorities have taken over the control hub of the prolific Coreflood botnet and filed a civil complaint against 13 unnamed defendants.
A new banking trojan targeting U.S. customers has the ability to keep online account sessions open after customers believe they have logged off, enabling criminals to surreptitiously steal money.
Fraudulent emails claiming to come from the Federal Deposit Insurance Corp. (FDIC) are attempting to trick users into handing over their sensitive personal information, the agency said in a warning issued Wednesday to clients and customers. The messages claim that the FDIC has withdrawn deposit insurance from the targeted user's account "due to account activity that violates the Patriot Act." Recipients are directed to follow a link included in the message that could lead to phishing sites or malware, the agency said. Financial institutions and consumers should not follow the link or provide any personal information. - AM
In a direct 10-year comparison, the Delaware banking industry's overuse of the FinCEN SAR category of 'Other' mirrors the growth pattern of the malware industry year after year. Are these related?
SC Magazine Articles
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- Industry pros react to Cisco, Fortinet advisories after possible Snowden NSA leak
- Trust exercise: Symantec's new website security expert is reaching out to hacker community
- U.S. government extends offer to protect states from electoral cyberthreats
- Two-thirds of IT security pros surveyed expect a breach to hit their company, report
- Microsoft Office 365 hit with massive Cerber ransomware attack, report
- CEO sacked after aircraft company grounded by whaling attack
- Microsoft warns of new, self-propagating ransomware in the wild
- Wendy's POS breach 'considerably' bigger than first thought