DDoS attacks are an increasingly popular method for criminals to divert bank security staff attention while defrauding bank systems.
Until recently, most illegal money transfers were accomplished via account takeover of either customer or employee accounts when the fraudsters moved money from customer accounts to their mules and eventually their own accounts.
Several members of a cybercrime ring which trafficked more than 95,000 stolen credit card numbers, causing millions of dollars in losses, have been jailed following a trial in New York.
A jury found three defendants, Egor Shevelev, Douglas Latta and Anna Ciano, guilty of all counts of the indictment against them, including grand larceny, criminal possession of stolen property, scheme to defraud, and conspiracy.
The series of cyber attacks that repeatedly knocked major U.S. banking websites offline in the past nine months has been more powerful than the general public realizes, government officials and security experts told the Reuters Cybersecurity Summit.
FDF - Federal Department of Finance of the Swiss C : Phishing attacks on the rise – 16th MELANI semi-annual report.
Increasingly sophisticated methods of phishing to attack e-banking accounts; massive DDoS attacks on US banks; the latest on cyber conflict in the Middle East; and the information we do not know we are revealing while surfing the net: these are the focus areas of the second semi-annual report for 2012 from the Reporting and Analysis Centre for Information Assurance (MELANI), published today.
Amidst heightened tensions on the Korean peninsula, the focus from global media networks has largely been on the instability in North Korea under the leadership of Kim Jong Un and the threat of potential missile attacks on South Korea. The media has also actively reported on a multitude of other physical threats levied against South Korea, the United States, and their allies.
With increasing cybercrime targeting citizens, businesses and governments EC3 came operational on 11 January 2013 be the focal point in the EU’s fight against cybercrime.
The European Union is a key target because of Internet-based economies and payment systems and its advanced Internet infrastructure.
EC3 will support Member States and the European Union’s institutions in building operational and analytical capacity for investigations and cooperation with international partners.
Security researchers report the existence of yet another state-sponsored espionage virus likely from the same source as the Flame, Stuxnet and Duqu worms.
Moscow-based Kaspersky Lab announced discovery of the newest virus Aug. 9 in a blog post in which company officials dubbed it Gauss, after a module within that collects the most sensitive information. Gauss specifically looks for hard drive-stored user credentials for Lebanese banks--including the Bank of Beirut, Byblos Bank and Fransabank--along with Citibank and PayPal, online email and social media accounts.
Central Kentucky residents who recently ate at Puerta Grande restaurant in Winchester are urged to check their bank and credit card statements because of a major data breach.
The breach resulted in the theft of credit card information from 50 to 100 people, with reports still coming in Tuesday, Winchester police detective Dennis Briscoe said. The data was used to make fraudulent purchases in several states and in the Dominican Republic.
Dubai: One third of all cyber attacks last year targeted the ATM and internet banking applications in the Middle East, an industry expert said.
"Today's attacks have moved to the application layer from the earlier years of network-based attacks. The motivation behind the attacks is clearly for financial gains and, therefore, attackers are targeting business applications and web applications," Rajat Mohanty, CEO of Paladion Networks, said.
EU cyber security agency ENISA; “High Roller” online bank robberies reveal security gaps.
Many online banking systems dangerously rely on PCs being secure, but banks should instead presume all customer PCs are infected, says the EU’s cyber security agency ENISA in response to the reports about the “High Roller” cyber-attack.
Statistics on Zeus: Only ca 40% of Zeus malware is detected.