In an effort to ramp up the fight against fraud, the Reserve Bank of India next year will launch a "Positive Pay" system of verifying information about checks with a value at $700 or more. Bank CISOs face the big task of securing the huge new flow of data.
A international law enforcement operation involving 16 countries has resulted in the arrest of 20 individuals suspected of belonging to the QQAAZZ criminal network, which helped launder cash and cryptocurrency for other cybercriminals.
The Joker's Stash darknet marketplace has posted a fresh collection of 3 million credit cards that are likely related to a breach of the Dickey's Barbecue Pit chain of franchised restaurants, according to Gemini Advisory.
A newly identified financially motivated threat group, dubbed "FIN11," is deploying Clop ransomware and exfiltrating data from its targets for extortion efforts, according to researchers at FireEye Mandiant.
Business email compromise scams continue to proliferate around the globe, with the U.S. now second only to Nigeria as a home base for the cybercriminal organizations waging the campaigns, according to a study by the security firm Agari.
The rapidly changing threat landscape is making it easier for malicious actors to commit fraud - and COVID-19 has made it even more challenging. Cybercriminals are ramping up sophisticated phishing scams, deploying malware to capitalize on the spike in mobile users, and accelerating mule recruitment.
To combat this...
The COVID-19 pandemic accelerated trends toward remote banking, digitization, and remote work. Around the world, we now rely more than ever on digital solutions for interactions and transactions that have traditionally involved a visit to the branch.
The new normal is here. eSignatures and remote ID verification...
Despite the takedown of the Trickbot botnet by Microsoft and others Monday, the malware is still functioning, and its operators retain the tools needed to rebuild their malicious network, some cybsersecurity experts say. So the impact, while significant, could prove to be temporary.
Microsoft collaborated with cybersecurity companies and government agencies to take down the million-device Trickbot botnet in an effort to help protect the Nov. 3 U.S. election and stop the global spread of ransomware and other malware.
A hack-for-hire group dubbed "Bahamut" is renting out its espionage and disinformation services to the highest bidder to target nonprofit organizations and diplomats across the Middle East and southern Asia, according to security researchers at BlackBerry.
Microsoft is warning that hackers with connections to Iran, as well as other threat actors, are attempting to exploit a critical vulnerability in Windows Server dubbed Zerologon, for which it has issued a partial patch.
Using intrusive technologies to check staff behavior in an effort to fight against supply chain fraud is ineffective, says Richard Dailly, managing director in Hong Kong at the security firm Kroll, who explains why.
A Chinese-speaking hacking group used a rare Unified Extensible Firmware Interface bootkit dubbed "MosaicRegressor" to target nongovernment organizations and diplomatic missions with an espionage campaign for two years, the security firm Kaspersky reports.