A Ukrainian national who admitted to working as a system administrator and IT manager for the notorious FIN7 cybercriminal gang, which has been involved in the theft of millions of payment cards, has been sentenced to 10 years in federal prison.
Criminals continue to target ATMs with black boxes to run cash-out attacks and use explosives to get cash out of machines. But during the pandemic, most other types of attacks used to target ATMs, payment terminals and point-of-sale devices sharply declined, a new European study shows.
The Babuk ransomware gang launched a public relations campaign Saturday, posting a message on its website saying it had repaired a defect in the decryptor it provides to victims who pay the ransom demand.
The Biden administration has formally sanctioned Russia over the cyber operation that targeted SolarWinds and its customers as well as the disinformation campaign against the 2020 U.S. elections. The NSA and other agencies also attributed the SolarWinds attack to Russia's Foreign Intelligence Service, or SVR.
Cybercriminals, likely backed by nation-states, are expanding global spear-phishing campaigns targeting the COVID-19 vaccine "cold chain" in an attempt to steal credentials so they can gain "privileged insight" into sensitive information, the IBM Security X-Force says in an updated report.
Now that the Federal Reserve has issued a definition for synthetic ID fraud, fraud-fighting efforts likely will improve because it will be easier to identify red flags, some security experts say.
Interpol says Dutch and Nigerian suspects created a cloned version of a legitimate personal protective equipment provider's website to trick a German health authority seeking face masks. The case is a reminder that a "sophisticated" scheme need not require extreme technical sophistication to succeed.
Initial access brokers continue to ply their trade, selling immediate access to hacked sites to make it easier for gangs to steal data and crypto-lock systems. But researchers say an overabundant supply of access credentials appears to be driving down the prices being commanded on cybercrime forums and markets.
Brokerage account takeover, supply chain attacks, destructive attacks and those that seek to manipulate time or time stamps are among the latest threats uncovered in the new Modern Bank Heists report authored by Tom Kellermann at VMware Carbon Black.
Forescout Research Labs and the Israeli security firm JSOF have found nine Domain Name System vulnerabilities affecting four TCP/IP stacks that, if exploited, could lead to remote code execution or denial-of-service attacks - potentially on millions of devices.
President Joe Biden has nominated two U.S. National Security Agency veterans for top cybersecurity positions as the White House continues to confront the fallout from the SolarWinds supply chain attack as well as attacks against on-premises Microsoft Exchange email servers.
Facebook has been attempting to dismiss the appearance of a massive trove of user data by claiming it wasn't hacked, but scraped. No matter how the theft is characterized, 533 million users have just learned that their nonpublic profile details were stolen and sold to fraudsters.
Visa's Payment Fraud Disruption team reports that cybercriminals are increasingly using web shells to establish command and control over a retailers' servers during payment card skimming attacks.
How can automation help to reduce money laundering fraud? Larry Gordon and Kathleen Gowin of the consultancy Endurance Advisory Partners describe how predictive KYC can help mitigate risks.
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