The takedown of Gameover Zeus taught law enforcement and banks many lessons, including that Trojans are being used to steal corporate secrets, not just money, says Eward Driehuis of Fox-IT, which investigated the threat actors behind the Trojan.
The prices for stolen payment card data and other cybercrime products and services on Russian underground forums continue to fall. But the cybercrime ecosystem is more automated, effective and robust than ever, Trend Micro reports.
The U.S. Department of Justice has charged three men in a fraud scheme reportedly tied to hacks of JPMorgan Chase. Separately, two men are charged with running an unlicensed online bitcoin exchange used by Russian criminals.
Malware kingpin Vladimir Tsastsin has pleaded guilty to charges relating to a $14 million click fraud scheme that the FBI dubbed Operation Ghost Click. The scheme, which also involved money laundering, affected 4 million victims in 100 countries.
Warning: All versions of Flash Player are vulnerable to a zero-day, weaponized exploit that became public when Italian spyware vendor Hacking Team was hacked, and 400 GB of corporate data leaked. Adobe has released an update to patch the flaw.
U.S. businesses and consumers have reported experiencing more than $18 million in losses stemming from CryptoWall ransomware, the FBI warns. Security experts say ransomware's ease of use and low risk fuels the increasing numbers of attacks.
Symantec has issued new warnings about a malware strain known as Poweliks, noting that this Trojan is being used in conjunction with ransomware. But security experts disagree over the severity of the threat.
Britain's computer emergency response team - CERT-UK - reports that malware remains the dominant mode of online attack for cybercriminals, and Zeus their most preferred tool of choice. But the team is promoting a free information-alert service to help.
The FBI is offering a big-stakes reward for an alleged criminal who ranks at the top of its "cyber most wanted" list. But one cybercrime expert asks: "Would you cross the Russian mafia or some organized crime gang for $3 million?"
Much of today's crime is "cyber-enabled," warns cybercrime expert Raj Samani, and successfully blocking such attacks increasingly demands not just better technology and public-private collaboration, but also an understanding of psychology.