In the aftermath of the pandemic and global political unrest, the risks of identity and credential theft have surged, and a deluge of scams are exploiting the crisis. Consumers facing disrupted incomes seek credit solutions, and fraudsters seek to exploit them by using application fraud tactics.
Inadequate authentication measures leave your digital identity vulnerable to cybercriminals. Tools like multi-factor authentication, biometrics, passwords, PINs, and tokens are all more vulnerable to attacks and social engineering than you realize. And one wrong move leaves you and your organization powerless in the...
A financially motivated criminal syndicate that mainly operates in Telegram and underground forums has expanded its criminal arsenal to deploy ransomware and other intrusion capabilities on various cloud applications, warn Mandiant researchers.
Casino and hotel giant Caesars Entertainment is warning customers that their personal details were stolen in a recent hack attack. After successfully shaking down Caesars for a ransom, the same attackers are continuing to extort MGM Resorts, claiming to have crypto-locked its EXSi hypervisors.
Hotel and casino giant Caesars Entertainment paid approximately half of an initial $30 million ransom demand to attackers who infected its systems with ransomware, according to news reports. The attackers appear to be with the same group that hit MGM Resorts.
To some extent, ransomware has become like COVID-19 - a threat we all need to learn to live alongside. But Aaron Bugal, field CTO of Sophos, says there is still much that security and technology leaders can do to reduce their risk by addressing activity that often precedes a ransomware attack.
Booking and reservation systems, as well as slot machines, hotel room door locks, ATMs and more remain offline at multiple MGM Resorts properties as the publicly traded casino hotel giant battles "a cybersecurity issue" that one group of security researchers has tied to a ransomware group attack.
According this report, the rate of ransomware attacks has remained steady. Sixty-six per cent of research respondents said their organization was hit by ransomware in the previous year. With adversaries now able to consistently execute attacks at scale, ransomware is arguably the biggest cyber risk facing...
Has the cry of the Qakbot come to an end? While the pernicious, multifunction malware fell quiet last week thanks to Operation "Duck Hunt," lucrative cybercrime operations have a history of rebooting themselves. Rivals also offer ready alternatives to ransomware groups and other criminal users.
A new healthcare-focused research agency is seeking proposals for innovative cybersecurity technologies that can apply a national security approach to protecting this highly targeted civilian industry. Today's off-the-shelf software is falling short, the agency said.
A likely Russian toolkit dubbed Telekopye by security researchers lets thieves focus on honing their social engineering skills without having to worry about the technical side of online scamming. Users dub victims "Mammoths," leading security firm Eset to christen Telekopye customers "Neanderthals."
With the rampant surge of fraudulent schemes hitting the world at the moment - including the creation of fake cryptocurrencies, bank websites and investment scams - a more dynamic and holistic approach to detection and prevention is mission-critical for banks and regulators.
Conventional wisdom recommends to never negotiate with ransomware actors. They can't be trusted. But Mark Lance at GuidePoint Security recently made the case that organizations can gather important information through negotiations, slow down the process and even lower the ransom demand.
With this rampant surge of fraudulent schemes hitting the world at the moment a more dynamic and holistic approach to detection and prevention is mission-critical for banks and regulators.
In this E-book Lisa Wyver and Gerard McDonnell looked at the source of these scams, highlighted the relationship between fraud...
Researchers say a proxy service is routing internet traffic through unsuspecting users' systems that it turns into residential exit nodes, luring them into downloading the proxy application through offers of cracked software and games. Antivirus engines don't detect the application.
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