The Avalanche crime group, the world's most prolific phishing gang, has moved from using conventional phishing to solely propagating Zeus, the most famous and stealthy password-stealing malware, say security researchers in a new report.
Good start, but we've still got a long way to go. This statement sums up industry experts' reactions to the two cyber fraud advisories issued this week to help organizations prevent ACH fraud and other crimes.
Two weeks after authorities on two continents arrested cyber criminals linked to the Zeus malware, Microsoft has added the infamous Trojan's signature to one of its best removal tools in an effort to hunt down infected machines.
In response to the ongoing threat of ACH/wire fraud, Sen. Charles Schumer, D-N.Y., has introduced a proposed amendment to Regulation E that would give municipalities and school districts the same level of protection as consumers.
The Catholic Diocese of Des Moines, Iowa, fell victim to a $600,000 ACH fraud theft and becomes another in the growing list of businesses and entities that have suffered huge losses as a result of these crimes.