In the latest weekly update, ISMG editors share how amateur tactics employed by ransomware gangs are leading fewer victims to pay ransoms, why traditional identity controls can't protect against the growing authorized payment scams, and highlights from ISMG's Crypto and Payments Summit.
A French-speaking gang codenamed "Opera1er" has been tied to the theft of at least $11 million from dozens of victims - mainly banks in Africa - and remains "active and dangerous," cybersecurity researchers warn, as they release indicators of compromise to help potential victims protect themselves.
The latest edition of the ISMG Security Report discusses how Australian health insurer Medibank is deliberating on whether to pay a ransom to extortionists, analyzes the growing number of layoffs in the security vendor space, and shares a tribute to threat intelligence researcher Vitali Kremez.
With fraudsters evolving their tactics and tricking a growing number of people with authorized payment scams, it's time for banks and security solution providers to explore new ways to protect consumers who are left holding the bag, says Ian Mitchell, managing partner at Omega FinCrime.
Since Zelle fraud has increased 109% in the United States, the banking industry is struggling to reduce authorized push payment scams. Ken Palla, former director at Union Bank, shares tips for combating fraudsters, including delays on large transactions, education and behavioral analytics.
Payment card data theft remains alive and well in the cybercrime underground, especially via the use of JavaScript skimmers. But security researchers find that some attackers have stayed old-school, continuing to use malware on point-of-sale terminals to steal "dumps" of card data.
Apple has issued a slew of security updates amid reports that its iOS devices are being actively exploited via a zero-day vulnerability in the kernel. While Apple hasn't attributed the exploits to any specific group, experts say surveillance malware developers are a likely culprit.
Is Australia's data breach wave a coincidence, bad luck or intentional targeting? Maybe all three. But the security weaknesses that have led to the incidents are not exotic. And the people behind these attacks are most likely workaday cybercriminals, not top-level nation-state attackers.
In the latest weekly update, ISMG editors discuss the implications of the former Uber CSO's guilty verdict for the rest of the industry, the growing problem of keyless car theft, and the latest progress toward a passwordless future revealed at the annual FIDO Alliance conference.
The Federal Police of Brazil arrested a lead suspect behind a December 2021 incident that temporarily disrupted access to novel coronavirus vaccination data. The suspect, arrested in the city of Feira de Santana, is an alleged member of the multinational and teenager-dominated Lapsus$ hacking group.
Fraudsters are using tried-and-true tactics such as check washing as well as Zelle scams and a host of insider threats to scam banks and their customers. Frank McKenna, chief fraud strategist at Point Predictive and author, explains why fraud is on the rise and the steps banks can take to stop it.
The latest edition of the ISMG Security Report discusses how Russian-speaking ransomware gangs have their eyes on a new target, offers the latest on Australia's data security reckoning and the government’s response, and outlines emerging trends in customer identity and access management.
Australia's data breach debacle expanded on Thursday. Cyber extortionists who attacked Australian health insurer Medibank provided proof of their hack of medical data. Also, stolen data from Australian wine retailer Vinomofo was put up for sale on a Russian-language forum.
Hacking capabilities once reserved for nation-states are filtering down to the level of crimeware, warns Kaspersky researcher Sergey Lozhkin. Darknet forums are filled with self-taught hackers selling advanced capabilities for a good price, he says.
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