Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
A federal grand jury has formally indicted a Russian national in connection with a thwarted attempt at stealing corporate data from electric vehicle manufacturer Tesla so it could be used to extort a $4 million ransom.
Ransomware continues to pose a "significant" threat, and email remains one of the top attack vectors being used by both criminals and nation-states, Australia's Cyber Security Center warns in its latest "Cyber Threat Report," which urges organizations to improve their defenses.
The average amount stolen in a business email compromise scam increased 48% during the second quarter of 2020, but the number of attacks decreased during that period, the Anti-Phishing Working Group reports.
So-called "cybersquatting" attacks are surging, with financial and e-commerce websites - including those of PayPal, Royal Bank of Canada, Bank of America and Amazon - among the most frequent targets, according to Palo Alto Networks' Unit 42.
A recently uncovered malicious email campaign is delivering to businesses multiple types of malware, including a Trojan designed to steal banking credentials and other financial information, according to a research report from Cisco Talos.
The number of cybersecurity incidents reported to the U.K.'s data privacy watchdog has continued to decline, recently plummeting by nearly 40%. But is the quantity of data breaches going down, or might organizations be failing to spot them or potentially even covering them up?
The former moderator of the now-defunct AlphaBay darknet marketplace has been sentenced to 11 years in prison after pleading guilty to a federal racketeering charge, according to the U.S. Department of Justice.
Evilnum, a hacking group that targets fintech firms mainly in the U.K. and Europe, is deploying a new remote access Trojan, according to Cybereason. The group is targeting "know your customer" procedures to start these attacks.
News that a malware-wielding gang of Russians targeted Tesla by attempting to work with an insider should have all organizations asking: What would happen if extortionists attempted to bribe one of our employees to install malicious code designed to steal corporate secrets for ransom?
Tesla CEO Elon Musk says a "serious attack" aimed at stealing corporate data and holding his company to ransom has been thwarted. The FBI has accused a Russian national of attempting to recruit an insider to install malware to steal data, which criminals hoped to ransom for $4 million.
The U.S. Justice Department has filed a civil forfeiture complaint in an effort to recover millions in cryptocurrency from 280 accounts that allegedly was stolen by North Korean hackers. Prosecutors believe much of the money was laundered through Chinese exchanges.
A Ghana resident has been extradited to the U.S. to face charges of targeting a Memphis-based real estate company in a sophisticated BEC scam and participating in other criminal schemes, according to the Justice Department.