Cybercrime news and trends

Report: Consumer Data From Snowflake Hack Being Sold to Cybercriminals

June 20, 2024
Thailand Seizes Assets Tied to Massive FBI Botnet Case
Cybersecurity // June 02, 2024

Thailand is reportedly investigating $27.2 million that an alleged hacker funneled into the country. Wang YunHe and other co-conspirators had purchased properties and shares of several companies, Bloomberg News reported Saturday (June 1), describing Wang as a “superhacker.” The report, citing information from the Thai...

Mastercard Opens Center to Combat Cybercrime in Europe
Fraud Prevention // May 30, 2024

Mastercard has unveiled a center in Europe aimed at tackling cyber crime in the region. The Europe Cyber Resilience Center (ECRC), announced Thursday (May 30), is designed to improve defenses against cyber-threats and act as a hub for “thought leadership in cybersecurity.” “In today’s hyperconnected...

Criminals’ Adoption of AI Remains Cautious, Report Finds
artificial intelligence // May 28, 2024

Despite public concerns about the potential for cyberattacks powered by artificial intelligence (AI), criminals have been slow to fully embrace the technology, according to a new report from cybersecurity firm Trend Micro.  Eight months after the company first reported on criminals using generative AI, an...

Hackers Were in Change Healthcare System 9 Days Before Ransomware Attack
Cybersecurity // April 22, 2024

Hackers were reportedly in the networks of UnitedHealth Group’s Change Healthcare unit for days before launching their ransomware strike. They gained entry to the networks on Feb. 12, using compromised credentials on an application that allows staff to remotely access systems, The Wall Street Journal...

Interviews & Exclusives
Congress Calls for Proactive Policies to Combat Security Breaches

April 16, 2024
The internet looks very small to an attacker, but massive to a defender. And a persistent reality of the 21st century’s connected economy is that many digital doors are left open for bad actors and cyber adversaries to walk through as they see fit.  Just take, for example, Monday’s (April 15) news that a ransomware […]

State of the Payment Scam: Banks Battling APP Fraud

March 13, 2024
The world’s cybercriminals all share one thing in common: they understand people can be exploited. After all, people make mistakes. They fall for scams, and frequently either ignore or fail...

Firms Embrace AI for Faster, Smarter Cybersecurity Solutions

March 01, 2024
Google CEO Sundar Pichai recently noted that artificial intelligence (AI) could boost online security, a sentiment echoed by many industry experts. AI is transforming how security teams handle cyber threats,...

Visa: AI Helps Combat the ‘Democratization’ of Cybercrime and Ransomware

September 05, 2023
Michael Jabbara, vice president and global head of fraud services at Visa, told PYMNTS the fraud game is changing. Up until recently, he said, “you needed to have a certain...

Quick Reads
Report: Consumer Data From Snowflake Hack Being Sold to Cybercriminals

June 20, 2024
Consumer data from LendingTree subsidiary QuoteWizard was reportedly stolen by hackers, who are selling it to the highest bidder on cybercriminal forums. The theft and subsequent sale of stolen data may be part of the incident in which hackers accessed cloud database accounts hosted by Snowflake, Bloomberg reported Thursday (June 20), citing unnamed sources. LendingTree […]

Thailand Seizes Assets Tied to Massive FBI Botnet Case

June 02, 2024
Thailand is reportedly investigating $27.2 million that an alleged hacker funneled into the country. Wang YunHe and other co-conspirators had purchased properties and shares of several companies, Bloomberg News reported...

Mastercard Opens Center to Combat Cybercrime in Europe

May 30, 2024
Mastercard has unveiled a center in Europe aimed at tackling cyber crime in the region. The Europe Cyber Resilience Center (ECRC), announced Thursday (May 30), is designed to improve defenses...

Hackers Were in Change Healthcare System 9 Days Before Ransomware Attack

April 22, 2024
Hackers were reportedly in the networks of UnitedHealth Group’s Change Healthcare unit for days before launching their ransomware strike. They gained entry to the networks on Feb. 12, using compromised...