The U.S. government sanctioned four entities and one individual involved in helping to funnel payments from malicious activities to support the Democratic People's Republic of Korea government's illicit activities such as unlawful weapons of mass destruction and ballistic missile programs.
Breach notifications from British outsourcing giant Capita mount amid signs the multibillion-pound company doesn't have a firm grip on how much data it exposed. For a company that trumpets its ability to "achieve better outcomes," Capita's inability to grasp the impact of its breaches is ironic.
A practice management software firm has agreed to pay a $550,000 fine and implement a comprehensive data security program to settle an enforcement action by New York state regulators after a 2020 ransomware attack that affected 1.2 million individuals nationwide, including 428,000 New Yorkers.
The BlueNoroff hacker group, which is associated with the North Korean military's Reconnaissance General Bureau, is using RustBucket malware to target macOS systems of users primarily in the United States and Asia - a tactic observed for the first time since the group began its operations.
Law enforcement and regulatory action over the past year in the United States most likely dissuaded hackers from stealing cryptocurrency, making the amount stolen in the first quarter of the year the lowest compared to each of the four quarters in 2022, TRM Labs said.
Home healthcare equipment firm Apria Healthcare is notifying nearly 1.9 million individuals of a hacking incident discovered in September 2021 that affected information dating back to mid-2019. The company says the breach was related to an attempt to fraudulently obtain funds from Apria.
Possibly Russian hackers likely compromised the official email address of Ukraine's embassy in Tajikistan to send phishing emails to organizations located in central Asia, Israel and India. The Computer Emergency Response Team of Ukraine tracks the campaign as UAC-0063.
An IT security analyst has confessed to trying to blackmail his employer by altering ransom notes sent from a hacker to a board member and changing the cryptocurrency payment address to one he controlled. After his employer detected the unusual activity, U.K. police traced it back to the worker.
The U.K. government earlier this month introduced a strategy to reduce fraud and scams called Fraud Strategy: Stopping Scams and Protecting the Public. Ken Palla, retired director of MUFG Bank, said this as an important step to combat authorized scams, which have now eclipsed unauthorized fraud.
The mastermind behind a criminal website that sold tools for scammers who defrauded victims globally of more than 115 million euros received a 13-year, four-month prison sentence in the United Kingdom just months after law enforcement seized the site.
A large-scale phishing-as-a-service operation is shifting tactics to allow attackers to avoid anomaly detection by using localized IP addresses, warns Microsoft. The U.S. Secret Service has reported that BEC incidents cost global enterprises more than $43 billion in losses over a five-year span.
MiCA's consumer protection provisions extend to cybersecurity, with its anti-money laundering, cyberattack liability and travel rule clauses. ISMG contributors Ari Redbord of TRM Labs and Troy Leach of Cloud Security Alliance discuss its impact on cybercrime, compliance challenges and the way ahead.
Taiwan was buffeted during April by a three-day surge in malicious emails that increased to four times the usual amount, a reflection of increased tensions in the Taiwan Strait, say threat analysts. Following the wave, Trellix observed a 15-fold increase in PlugX infections.
New entrants LexisNexis Risk Solutions and F5 joined longtime leaders Experian and IBM atop KuppingerCole's Leadership Compass for fraud reduction intelligence platforms. Leading vendors help users detect bots and have capabilities spanning different sectors from finance to payments to e-commerce.
The expanding RTP landscape represents a definitive transformation in how consumers and organizations interact.
Constantly evolving payments demand agile tools, practices and processes that enable greater defense against continually manifesting scams and fraud. The FedNow Service launch is right around the...
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