Fraud Attack

Fraud Attack
Report Claims North Korea Responsible For SWIFT Hack 
October 17, 2017

A British cybersecurity firm believes that North Korean hackers are responsible for a recent cyberheist in Taiwan, which targeted the global SWIFT messaging system. “The likely culprit is [North Korean hacking group] Lazarus,” Adrian Nish, cyber-intelligence chief at BAE Systems, told Reuters. BAE, along with Russia’s Kaspersky...

Fraud Attack
Equifax Says It Was Not Breached Again
October 13, 2017

Equifax, the embattled credit reporting company, was under pressure in Thursday (Oct. 12) trading after rumors began to circulate about a potential new data breach. Those rumors (see update below) turned out to be largely incorrect — but news reports on CNBC indicated that Equifax had said it removed its...

Fraud Attack
Beijing Court Sentences Mastermind of Ezubao Scam To Life In Prison
September 13, 2017

A court in Beijing handed down a life sentence for the mastermind behind the $9 billion Ezubao financial Internet scam and sentenced 26 others to jail time. According to a Reuters news report, the Tuesday (Sept. 12) sentencing brings to a close one of the...

Fraud Attack
Cybercriminals Use Prime Day As Phishing Bait
September 06, 2017

Cybercriminals have created a new, realistic-looking phishing campaign targeting Amazon Prime customers, which not only gains access to a customer’s account, but could also infect their computer or mobile device with malware. Mass emails that appear to come from Amazon are being sent out, thanking customers...

Fraud Attack
Chinese Cyber Spies Eye Vietnam
September 01, 2017

Cyber spies working for or on behalf of the Chinese government have increased cyberattacks against official and corporate targets in Vietnam. The attacks come at a time of increased tension over the South China Sea. Cybersecurity company FireEye told Reuters that the cyberattacks came in...

Fraud Attack
Spambot Releases 700M Emails And Passwords
August 31, 2017

A spambot computer program, which collects email addresses to send out spam messages to consumers, has exposed 711 million email addresses and a number of passwords. NBC News reported that the data breach occurred because spammers neglected to secure their servers, allowing the information to...

Fraud Attack
Fraud Victim? No Automatic Refunds For You, Says Bank Chief
August 10, 2017

Think you automatically qualify for an automatic refund when you’re a victim of bank fraud? Think again. You’d better take “duty of care,” at least with RBS. CNBC reports news that RBS CEO Ross McEwan told The Daily Mail that banks may not always need to...

Fraud Attack
Digital Shadows Study Discovers Online Schools For Cybercriminals
July 20, 2017

Digital Shadows, the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.” According to a press release, these schools — available to...

Fraud Attack
FedEx Warns TNT Might Never Fully Recover From June Cyberattack
July 18, 2017

As FedEx Corp.’s TNT unit is still working to fulfill deliveries and catch up on some transactions by hand, the company said its information systems may never fully recover from a June cyberattack that is also expected to affect its earnings. According to Bloomberg Technology,...