Europol, along with the other law enforcement agencies in Europe, prevented payment fraud losses of $47.5 million by targeting fraudsters who were selling stolen card data on darknet websites known as card shops.
Criminals continue to rely on automated bots for phishing attacks, web scraping, credential stuffing and more. But while gangs previously needed to amass large, powerful botnets to be effective, now they need relatively few devices, says Group-IB CTO Dmitry Volkov.
Driven by the profits to be achieved via ransomware, most botnet operators have dropped banking Trojans in favor of supporting and running crypto-locking malware attacks, according to security experts who spoke Wednesday at cybersecurity firm Group-IB's CyberCrimeCon 2020 virtual conference.
The Home Depot reached a $17.5 million settlement of a multistate lawsuit stemming from a 2014 data breach that compromised the payment card data of 40 million customers. The company will also implement new security procedures as part of the agreement.
The gang operating Trickbot is continuing its activities despite recent takedown efforts, rolling out two updates that make the malware more difficult to kill, according to the security firm Bitdefender.
A recently uncovered vulnerability in a class of Amazon Web Service APIs can be exploited to leak AWS identity and access management user and arbitrary accounts, according to Palo Alto Networks' Unit 42.
Although the global financial industry has made strides in protecting its data from malware, including Trojans, cyberthreats such as network intrusion, ransomware and criminal gang cooperation are presenting fresh challenges, according to the Carnegie Endowment for International Peace.
"Has anyone witnessed any examples of criminals abusing artificial intelligence?" That's a question security firms have been raising. A new report has identified likely ways in which such attacks might occur and offers examples of threats already emerging
European lawmakers are once again considering encryption policies and attempting to strike a balance between the privacy and security afforded by strong encryption and law enforcement's needs. But with encryption being a cornerstone of the internet, is there any new balance to be struck?
An accused ringleader of the notorious FIN7 hacking group, which prosecutors say stole 15 million payment cards over several years, has pleaded guilty to federal charges. Andrii Kolpakov faces up to 25 years in prison.
Microsoft's Security Intelligence team is warning users of the Office 365 suite about an ongoing phishing campaign that appears to be harvesting victims' credentials. The emails use several techniques to bypass and evade secure email gateways.
A recently uncovered point-of-sale malware called "ModPipe" is targeting Oracle software used by thousands of restaurants and other businesses in the hospitality industry, according to researchers at ESET. This backdoor can then steal sensitive data, such as cardholder names.