Latest News

12/13/2019

PayThink Real-time payments breaks security 'rules'

PaymentsSource

Globally, both consumers and businesses now have the expectation of real time payments and transactions.

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12/13/2019

Why Securing Digital Transactions Is On Every Merchant’s Wish List

PYMNTS.com

While dealing with fraud has always been a cost of doing business for merchants, the digital age has changed the game in terms of fighting off fraudsters.

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12/13/2019

BBB Alert: Beware of Puppy Scams This Holiday

Yankton Daily Press & Dakotan

If you are shopping online for a pet this holiday season, watch out for scams. Complaints continue to pour into Better Business Bureau’s (BBB) Scam Tracker as fake pet and puppy scams are on the increase.

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12/13/2019

How Do Password Managers Work?

Security Baron

One of the most annoying things about technology is having to remember so many different passwords for different accounts.

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12/13/2019

Car wrap scam targets college students

Federal Trade Commission

If you have a car, you know how expensive the upkeep can be. Gas, maintenance, parking – the whole lot.

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12/11/2019

Patch Tuesday, December 2019 Edition

Krebs on Security

Microsoft today released updates to plug three dozen security holes in its Windows operating system and other software.

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12/11/2019

VERT Threat Alert: December 2019 Patch Tuesday Analysis

Tripwire

Today’s VERT Alert addresses Microsoft’s December 2019 Security Updates. VERT is actively working on coverage for these vulnerabilities and expects to ship ASPL-863 on Wednesday, December 11th.

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12/10/2019

Major data center provider hit by ransomware attack, claims report

The State of Security

CyrusOne, a major provider of enterprise data center services, is reported to have suffered a ransomware attack.

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12/10/2019

How 5G Will Power The Industrial Commerce Revolution

Pymnts.com

Robots and artificial intelligence haven’t taken over — yet. But machines still have human-like needs, needs that, when fulfilled, can improve payments and commerce and, according to some, usher in what’s sometimes being called in smart circles a new industrial revolution.

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12/10/2019

Inside The Launch Of Colorado’s New State-Run Digital Driver’s License

Pymnts.com

Digital identities are growing more important and omnipresent in everyday life, and the need to keep them secure grows more pressing by the day.

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12/10/2019

Justice Department Announces Landmark Money Mule Initiative

The United States Department of Justice

Attorney General William P. Barr and law enforcement partners today announced a concentrated effort across the country and around the world to halt money mule activity.

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12/10/2019

Spotify Phishing Campaign Tells Users that Their Subscriptions Are Frozen

The State of Security

A new Spotify-themed phishing campaign informed recipients that the music streaming service had frozen their subscriptions.

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12/10/2019

Updated Ryuk Ransomware Decryptor Could Damage Larger Files

The State of Security

Attackers provided victims who paid with an updated Ryuk ransomware decryptor that could potentially damage their larger files.

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12/10/2019

How To Fight Fraud Without Cheapening Consumer Experiences

PYMNTS.com

Everything has a price. And the price for a richer consumer experience online and via mobile — one of the defining trends of payments and commerce in 2019, and probably well into the 2020s — is that the code that creates those experiences often leave opening for fraudsters to exploit.

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12/09/2019

How To Fight Fraud Without Cheapening Consumer Experiences

PYMNTS.com

Everything has a price. And the price for a richer consumer experience online and via mobile — one of the defining trends of payments and commerce in 2019, and probably well into the 2020s — is that the code that creates those experiences often leave opening for fraudsters to exploit.

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12/09/2019

Debit Cards Overtake Cash as the Most Popular Payment Type, According to Fed Diarists

Digital Transactions

The growing popularity of debit cards and the displacement of cash by card and electronic payment alternatives is nothing new, but a Federal Reserve banks’ report released Thursday shows debit cards for the first time have surpassed cash as the most-used payment type.

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12/05/2019

Staying Safe when Shopping this Holiday Season: Bricks and Clicks Edition

The State of Security

The shopping season is upon us, and like it or not there are lots of individuals who would love to replace your happiness with their sadness.

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12/05/2019

Tens of Millions Exposed by SMS Data Leak

Info Security

Tens of millions of Americans may have been caught in another data leak after business SMS provider TrueDialog left a massive database exposed online, according to researchers.

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12/05/2019

Hackers Target Major Brands: Disney and Macy’s Breached

Business2community.com

Fraudsters are warming up for the holidays, targeting household names through e-commerce site hacking and credential stuffing attacks.

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12/05/2019

Prevent credential stuffing and account takeover attacks with these expert tips

helpnetsecurity.com

Account takeover and credential stuffing attacks are two security threats that often go hand in hand. Both have become alarmingly prominent: a recent report found that one-fifth of account openings so far in 2019 have been fraudulent.

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12/05/2019

Supply Chain Account Takeover: How Criminals Exploit Third-Party Access

Threatpost

It’s important for businesses of all sizes to not only view their suppliers’ attack surface as their own but also extend some of their security protections.

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12/05/2019

38% of Americans Have Been a Victim of ID Theft or Data Breaches in the Past Year: YouGov/ScoreSense® Survey

PR Newswire

DALLAS, Dec. 4, 2019 /PRNewswire/ -- 38% of Americans have been victims of identity theft or data breaches in the past year, according to a survey conducted by YouGov plc on behalf of ScoreSense®.

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12/04/2019

Verizon’s 2019 Payment Security Report – Not Just for PCI

The State of Security

If you are responsible for cybersecurity or data protection in your organization, stop what you are doing and read this report.

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12/03/2019

Scammers pretend to be the FTC

Federal Trade Commission

Did you recently get an official FTC letter from “me”? That’s in quotes because it wasn’t actually from me.

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12/03/2019

Inside The Launch Of Colorado’s New State-Run Digital Driver’s License

PYMNTS.com

Digital identities are growing more important and omnipresent in everyday life, and the need to keep them secure grows more pressing by the day.

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12/03/2019

The FBI Even Announced: Beware of Smart Televisions

Somagnews.com

The FBI Even Announced: Beware of Smart Televisions. Smart televisions have been in our lives for a while.

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12/01/2019

What businesses can learn from the NBA’s $13M fraud case

grbj.com

We’re only one month into the 2019-2020 NBA season and the Sacramento Kings recently have been in the news for the wrong reasons

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12/01/2019

As Synthetic Identity Fraud Rises, so does KYC/CDD Compliance Cost

ABA Banking Journal

Synthetic identities combine real and fake identity (ID) information to create a “new” identity. This identity is then used to open new accounts, by which to commit various types of financial fraud and money laundering.

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12/01/2019

A Milwaukee man masterminded a plan to defraud Milwaukee County banks of nearly $500,000, complaint says

Milwaukee Journal Sentinel

A Milwaukee man is facing 22 felony charges — and at least 11 other people are facing multiple felonies — after he allegedly masterminded and executed a fraud scheme that ripped off several Milwaukee County banks of nearly $500,000.

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11/29/2019

Hidden Cam Above Bluetooth Pump Skimmer

Krebs on Security

Tiny hidden spy cameras are a common sight at ATMs that have been tampered with by crooks who specialize in retrofitting the machines with card skimmers.

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11/29/2019

Facebook and Twitter warn some users’ private data was accessed via third-party app SDK

The State of Security

Facebook and Twitter have announced that personal data related to hundreds of users may have been improperly accessed after users logged into third-party Android apps with their social media accounts.

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11/29/2019

It’s Way Too Easy to Get a .gov Domain Name

Krebs on Security

Many readers probably believe they can trust links and emails coming from U.S. federal government domain names, or else assume there are at least more stringent verification requirements involved in obtaining a .gov domain versus a commercial one ending in .com or .org.

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11/29/2019

DeathRansom Ransomware Fixes Issues, Now Encrypting Victims’ Data

The State of Security

After its developers fixed several issues, DeathRansom ransomware is now actively infecting users and encrypting victims’ data.

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11/29/2019

5 ways to defend your phone against SIM swap attacks

USA Today

Here’s a new term to fear: SIM-swapping. In short, a cybercriminal steals a certain amount of your personal data, including your phone number.

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11/29/2019

MoneyGram Expands Blockchain Services as Ripple Invests Another $20 Million

Digital Transactions

Following up on a $30-million investment in June, blockchain-services provider Ripple Labs Inc. has made another $20-million equity investment in wire-transfer provider MoneyGram International Inc., making Ripple the owner of nearly 10% of MoneyGram’s common stock.

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11/25/2019

Are banks too confident in their cybersecurity protections?

RSM

Confidence is rising as the number of attacks continues to grow

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11/25/2019

Nigerian criminal made $1 million from prison in international scam

NY Post

A Nigerian inmate masterminded an international scam behind the bars of a maximum-security prison — raking in $1 million while in custody, according to a new report.

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11/25/2019

FBI Denver warns of scammers spoofing FBI phone numbers?

Star Herald Denver, CO

DENVER—The Scotts Bluff County Sheriff’s Office has shared a scam alert from the FBI Denver Division.

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11/25/2019

Cyber Security Trends 2020 – How Unprepared Are We?

Business2community.com

Spending on cybersecurity is on an explosive rise. When new ransomware attacks occur every 14 seconds followed by infiltration attempts on large volumes of data putting millions of people at risk, cybersecurity ought to be discussed.

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11/25/2019

OnePlus security breach exposes order info — payments and passwords reportedly safe

Android Police

OnePlus's security team has just announced that some of its customer information had been accessed by an unauthorized party.

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11/25/2019

110 Nursing Homes Cut Off from Health Records in Ransomware Attack

Krebs on Security

A ransomware outbreak has besieged a Wisconsin based IT company that provides cloud data hosting, security and access management to more than 100 nursing homes across the United States.

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11/25/2019

T-Mobile Says Security Incident Might Have Affected Some Customer Data

The State of Security

Wireless network operator T-Mobile revealed that a security incident might have exposed the personal information of some of its customers.

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11/25/2019

Moving Issuers — And Auth Rates — Past Fraud Prevention To Revenue Protection

PYMNTS.com

Fraud is hardly a new phenomenon in retail — in fact, it is probably safe to assume that fraud in some form or other has been there since the beginning.

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11/20/2019

South Dakota man linked to Butina pleads in fraud case

StarTribune.com

SIOUX FALLS, S.D. — A South Dakota man who was linked to an admitted Russian covert agent agreed to plead guilty in a fraud scheme that authorities said bilked at least $2.3 million from 78 people, according to a court filing Monday.

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11/20/2019

Macys.com checkout page hacked; customers advised to be vigilant of fraud

Security Boulevard

American department store chain Macy’s has suffered an embarrassing data breach where hackers gained access to customers’ personal and financial information, including credit card numbers and even card security codes.

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11/19/2019

Shred-it Study Reveals Americans Believe Their Information Security Habits Make Them Vulnerable to Fraud

newsbug.info

Nearly half of Americans believe they are vulnerable to fraud or identity theft based on their physical and digital security habits, yet nearly half store their credit card information online

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11/19/2019

6 essentials for fighting fraud with machine learning

MIT Technology Review

Going far beyond traditional attack detection, sophisticated machine learning systems help organizations stay one step ahead of fraudsters.

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11/19/2019

6 essentials for fighting fraud with machine learning

MIT Technology Review

Going far beyond traditional attack detection, sophisticated machine learning systems help organizations stay one step ahead of fraudsters.

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11/19/2019

FBI Warning Of Scam That Says Receiver Has Won $75,000 For Shopping At Certain Stores

CBS 2 Pittsburgh

The FBI is warning about a new scam that says the receiver has won $75,000 for shopping at certain stores.

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11/19/2019

AT&T Cybersecurity Insights™ Report: Security at the Speed of 5G

AT&T

Security leaders understand 5G technology is on the horizon—but how much do they truly understand about the technology? And are they prepared for the cybersecurity implications, including the new technologies and explosion of IoT devices?

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11/19/2019

Ransomware Bites 400 Veterinary Hospitals

Krebs on Security

National Veterinary Associates (NVA), a California company that owns more than 700 animal care facilities around the globe, is still working to recover from a ransomware attack late last month that affected more than half of those properties, separating many veterinary practices from their patient records, payment systems and practice management software.

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11/18/2019

Zillow: Tackling Real Estate’s $1.6T Money Laundering Epidemic

PYMNTS.com

Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats.

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11/18/2019

TCH Gives Banks An Open Banking Template

PYMNTS.com

Against the backdrop of Open Banking, and in an effort to compete, financial institutions (FIs) must give consumers the ability to share their data with third parties, including FinTech firms. FIs, in turn, must also protect the security and integrity of that data, while giving consumers a sense of control over how and where it’s being used.

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11/18/2019

NEW REPORT: With 5G Anticipation Building, Security Threats Loom

PYMNTS.com

The 5G network is rapidly being deployed in markets around the world, and the advance of the network could mean profound changes for the Intelligence of Things (IoT) ecosystem. Two-thirds of businesses have plans to develop new tools and technologies that will leverage 5G by 2020.

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11/18/2019

Phishers Targeting Microsoft Office 365 Admin Credentials

State of Security

Digital fraudsters are stealing Microsoft Office 365 administrator credentials as part of a broader phishing campaign targeting organizations.

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11/15/2019

Solara Medical Supplies Notifying Individuals Affected by Data Breach

State of Security

Solara Medical Supplies, LLC (“Solara”) revealed that it’s in the process of notifying individuals potentially affected by a data breach.

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11/15/2019

Only after running out of hard disk space did firm realise hacker had stolen one million users’ details

State of Security

Yet another company has been found lacking when it comes to securing its consumers’ data.

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11/15/2019

PCI Compliance Drops for the Second Year in a Row, Verizon Reports

Digital Transactions

Compliance with the Payment Card Industry data-security standard remains an elusive goal for many merchants and other organizations that handle general-purpose payment card data. In fact, compliance fell in 2018 for the second year in a row, according to Verizon Communications Inc.

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11/15/2019

Big Retailers Anticipate FedNow Will Bring Competition to Payments

Digital Transactions

A retail trade association as well as Target Corp. have endorsed the Federal Reserve’s planned FedNow real-time gross settlement service.

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11/15/2019

FBI busts $6 million iPhone and iPad counterfeit ring

Q13 Fox

The FBI busted a counterfeit ring centered on iPhones and iPads that reportedly cost Apple over $6.1 million.

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11/13/2019

Patch Tuesday, November 2019 Edition

Krebs on Security

Microsoft today released updates to plug security holes in its software, including patches to fix at least 74 weaknesses in various flavors of Windows and programs that run on top of it.

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11/13/2019

Orcus RAT Author Charged in Malware Scheme

Krebs on Security

In July 2016, KrebsOnSecurity published a story identifying a Toronto man as the author of the Orcus RAT, a software product that’s been marketed on underground forums and used in countless malware attacks since its creation in 2015.

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11/10/2019

Study: Ransomware, Data Breaches at Hospitals tied to Uptick in Fatal Heart Attacks

Krebs on Security

Hospitals that have been hit by a data breach or ransomware attack can expect to see an increase in the death rate among heart patients in the following months or years because of cybersecurity remediation efforts, a new study posits.

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11/10/2019

Identity Theft and Credit Card Fraud Statistics for 2019

The Ascent

Considering the kind of damage that identity theft and credit card fraud can do to your life, many consumers want to know just how prevalent these crimes are. Is identity theft becoming more common as criminals get more sophisticated, or are better security measures making it more difficult?

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11/10/2019

Detecting Account Takeover Botnets

Security Boulevard

A botnet is a network of compromised computers – known as bots – usually controlled by a command and control computer, that work together in coordination for a malicious purpose.

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11/10/2019

Phishing Attacks Are Booming Even as They Are Getting Harder to Detect

Digital Transactions

Fueled by such scams as business email compromise, phishing frauds are staging a dramatic comeback. The total number of attacks reached 266,387 in the third quarter, according to the latest report from the Anti-Phishing Working Group, a security-industry organization that tracks the crime.

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11/05/2019

GIACT On Payments’ $29M Wire Fraud Wake-Up Call

PYMNTS.com

Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants: The company was the victim of financial fraud to the tune of $29 million via a wire transfer gone bad.

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11/05/2019

https://cointelegraph.com/news/court-orders-4m-in-penalties-for-investment-fraud-involving-atm-coin

Cointelegraph.com

A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin.

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11/04/2019

The Internet Doesn't Talk About The True Cost of Fraud: Here's How To Fix It (And Save >$1M)

Hackernoon

In today’s competitive landscape, businesses have the capacity to save over 1 million USD for every 100,000 users being verified - with processes that mitigate fraud and reduce friction. Here’s how.

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11/04/2019

FTC survey: 40 million Americans are victims of fraud

Times Record News

A Federal Trade Commission survey found that in 2017, about 40 million Americans were victims of fraud – about 16 percent of the population.

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11/04/2019

NCR Barred Mint, QuickBooks from Banking Platform During Account Takeover Storm

Krebs on Security

Banking industry giant NCR Corp. [NYSE: NCR] late last month took the unusual step of temporarily blocking third-party financial data aggregators Mint and QuickBooks Online from accessing Digital Insight, an online banking platform used by hundreds of financial institutions.

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11/01/2019

DNS Rebinding: A Frightening Attack Vector with Spooky Security Impacts

The State of Security

One of the greatest misconceptions about online safety is that home networks are somehow private.

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11/01/2019

How Cash-Out Attacks Are Becoming the Next Big Worry for ATM Operators

Digital Transactions

Payments executives are starting to go public with concerns about a growing type of ATM fraud called the cash-out attack.

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11/01/2019

Payments fraud is on the rise so how do you protect your company?

Albuquerque Business First

Payments fraud reached a new high in 2018, according to the recent 2019 AFP Payments Fraud Survey, with 82% of companies reporting they were targets.

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10/30/2019

Breaches at NetworkSolutions, Register.com, and Web.com

Krebs on Security

Top domain name registrars NetworkSolutions.com, Register.com and Web.com are asking customers to reset their passwords after discovering an intrusion in August 2019 in which customer account information was accessed.

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10/30/2019

Are your trusted holiday season customers who they say they are?

Digital Commerce 360

Criminals increasingly take over the retail accounts of legitimate consumers or use stolen identity data to create phony accounts that they use to commit fraud against online retailers. This criminal activity spikes during the holidays, when retailers’ fraud-prevention teams are stretched thin. Here are some ways to protect yourself.

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10/29/2019

Takeaways from the $566M BriansClub Breach

Krebs on Security

Reporting on the exposure of some 26 million stolen credit cards leaked from a top underground cybercrime store highlighted some persistent and hard truths

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10/29/2019

Adobe leaves Creative Cloud database open, 7.5 million users exposed

SC Magazine

An unsecured Elasticsearch database left exposed the account information of about 7.5 million Adobe Creative Cloud users.

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10/28/2019

Quickly-growing phone scam targets bank customers via text message

CBS This Morning

A quickly-growing phone scam targets banking customers via text message, pretending to be with a bank's fraud department and asking about fake "suspicious withdrawals."

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10/25/2019

FTC Issues Guidance On Protecting Against SIM Swap Attacks

Bleeping Computer

The U.S. Federal Trade Commission (FTC) issued guidance on how to protect yourself from SIM swapping attacks used by scammers to take control of your phone number, to bypass SMS-based multi-factor authentication (MFA) on your account, and steal your credentials.

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10/25/2019

Cachet Financial Reeling from MyPayrollHR Fraud

Krebs on Security

When New York-based cloud payroll provider MyPayrollHR unexpectedly shuttered its doors last month and disappeared with $26 million worth of customer payroll deposits, its payment processor Cachet Financial Services ended up funding the bank accounts of MyPayrollHR client company employees anyway, graciously eating a $26 million loss which it is now suing to recover.

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10/25/2019

Scammer Stole $500K from Ocala, FL in Spear Phishing Attack

The State of Security

A scammer stole a little more than $500,000 from the City of Ocala, Florida as the result of a successful spear phishing attack.

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10/25/2019

Scams and older consumers: Looking at the data

FTC

The FTC just sent a report to Congress called Protecting Older Consumers 2018-2019. The report suggests steps to take to help protect older consumers from fraud.

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10/25/2019

The Fed on Fraud: New Synthetic Identity Fraud White Paper

The Federal Reserve Bank

How can the payments industry detect synthetic identity fraud, the fastest-growing type of financial crime in the U.S. according to industry experts?

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10/25/2019

SIM Swap Scams: How to Protect Yourself

FTC

If your cell phone is your go-to device for checking your email, paying your bills, or posting to social media, you’re not alone.

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10/22/2019

Ransomware Hits B2B Payments Firm Billtrust

Krebs on Security

Business-to-business payments provider Billtrust is still recovering from a ransomware attack that began last week. The company said it is in the final stages of bringing all of its systems back online from backups.

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10/22/2019

How cybersecurity leaders can best navigate the C-suite

Security Boulevard

Recent data breaches at companies like British Airways and Capital One have made it more evident than ever before that cybersecurity leaders must prepare for a staggering amount of potential threats. Credential stuffing, account takeovers, and insider threats are all vectors of attack that could potentially devastate a business. But without the C-suite’s support, it’s impossible for cybersecurity leaders to effectively plan for and defend against these threats.

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10/21/2019

How scammers use Zelle to drain your bank account

WPTV

A frightening bank scam now lets thieves get right into your checking account, and even savvy college educated people are falling for it.

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10/21/2019

‘Absolute scam’: Complaints about credit monitoring plans flood CFPB

American Banker

WASHINGTON — Before Alex Biviano was hired as a server by a popular restaurant chain, his prospective employer sought details about his credit. To provide the information, Biviano paid what he thought would be just a $1 fee to TransUnion to see his credit report. But the process ended up costing him a lot more, he says.

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10/17/2019

For payment crooks, bots are the master key

PaymentsSource

Imagine a big key ring, full of keys. Maybe it is the kind a janitor or building manager carries — one with dozens or hundreds of keys on it.

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10/15/2019

“BriansClub” Hack Rescues 26M Stolen Cards

Krebs on Security

“BriansClub,” one of the largest underground stores for buying stolen credit card data, has itself been hacked.

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10/14/2019

FBI Cyber Task Force Advises Businesses to Incorporate Biometric Factors to Mitigate Multi-Factor Authentication Risk

Yahoo Finance

WALL, N.J., Oct. 10, 2019 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions, today said several media reports announced that the FBI Cyber Task Force recently issued a four-page Private Industry Notice that recommends the addition of biometric factors and behavioral information checks to multi-factor authentication (MFA) approaches, citing known and exploited vulnerabilities of token and phone-based multi-factor authentication methods.

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10/14/2019

Hacking Is Not a Crime! Additional Thoughts from DEFCON 2019

The State of Security

In my previous post, I spoke about all of the different DEFCON villages where attendees can learn about and purchase all sorts of fun hacking/counter hacking tools.

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10/14/2019

Can Digital Privacy Go Too Far?

PYMNTS.com

Digital identity verification can come with privacy concerns. Using facial recognition technology and other biometric data is still controversial, but privacy concerns can also swing in the other direction.

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10/14/2019

Consumer Alert: Scam warning as big settlements start to pay out

Action News 2

GREEN BAY, Wis. (WBAY) - Tens of millions of dollars are being re-paid to victims of fraud. The Federal Trade Commission says checks are in the mail--but they also warn that scammers may be taking this opportunity to try to steal your money.

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10/14/2019

The FBI Sends A Warning About Multi-Factor Authentication…And Other Small Business Tech News This Week

Forbes

Here are five things in technology that happened this past week and how they affect your business. Did you miss them?

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10/10/2019

Poor password hygiene makes breaches inevitable

PayThink

With 2019 on track to be the worst year ever for data breaches, this is not only bad news for individual consumers and the breached businesses but all businesses that operate online — big and small.

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10/10/2019

Phishing Attack Possibly Affected 68K Patients of The Methodist Hospitals

The State of Security

The Methodist Hospitals, Inc. revealed that a phishing attack potentially affected the information of approximately 68,000 patients.

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10/08/2019

Synthetic Identity Fraud Is The Fastest Growing Financial Crime -- What Can Banks Do To Fight It?

Forbes

Synthetic identity fraud is a relatively recent phenomenon that is on the rise. McKinsey claims synthetic ID fraud is the fastest-growing type of financial crime in the U.S. LexisNexis Risk Solutions (via Yahoo Finance) found that "61% of fraud losses for [large] banks stem from identity fraud [and] 20% of the identity fraud incurred by these larger banks is synthetic identity fraud."

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10/08/2019

Payment Card Security Incidents Disclosed by Three U.S. Restaurant Chains

The State of Security

Three restaurant chains based in the United States have revealed they suffered security incidents that affected customers’ payment card information.

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10/08/2019

6 Common Phishing Attacks and How to Protect Against Them

The State of Security

Phishing attacks don’t show any sign of slowing down

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10/08/2019

Decryption Keys Released by Developer of HildaCrypt Ransomware

The State of Security

The developer of HildaCrypt has released the master decryption keys that would allow potential victims of the ransomware to recover their data for free.

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10/08/2019

BI warns about attacks that bypass multi-factor authentication (MFA)

ZDNet

The US Federal Bureau of Investigation (FBI) has sent last month a security advisory to private industry partners about the rising threat of attacks against organizations and their employees that can bypass multi-factor authentication (MFA) solutions.

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10/08/2019

Two arrested on mail theft, forgery in Red Wing

Rivertowns.net

A man and woman face felony check forgery and mail theft charges stemming from two separate Red Wing incidents connected by the same white car.

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10/08/2019

Woman wrongfully arrested for car theft after identity stolen

WTHR

NDIANAPOLIS (WTHR) — The family of a woman whose purse and ID were stolen hope police can find the woman using her identification. So far police suspect the thief has stolen three vehicles using the victims driver’s license.

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10/06/2019

Chase Taps Machine Learning For Proactive Approach To Fraud

PYMNTS.com

Banks have a Goldilocks problem: Authentication processes can’t be too rigorous for legitimate consumers, but also can’t be too lax so that fraudsters can easily exploit them. In the new Digital Fraud Tracker, Andrew Sloper, Chase’s head of digital authentication, tells PYMNTS how machine learning tools provide a layered, preventative approach without sacrificing a seamless user experience.

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10/06/2019

BBB tips to secure your ID during Cybersecurity Awareness Month

The Hutchinson News

October is Cybersecurity Awareness Month, and the Better Business Bureau (BBB) is reminding you that cyber-thieves are constantly combing the Internet in search of unprotected data that they use to steal others’ identities.

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10/04/2019

FBI: Don’t pay ransomware demands, stop encouraging cybercriminals to target others

The State of Security

As ransomware attacks continue to cripple networks, most recently forcing medical centres to shut down their systems and turn away patients, the FBI has issued some unambiguous advice for organisations on how they should handle ransom demands:

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10/04/2019

Faster payments, faster payments fraud: How to battle the bad guys

BAI Banking Strategies

When the Kansas City blues shouter Big Joe Turner first performed the immortal “Shake Rattle and Roll” in 1954, there was no way he could know the future hit might as well fit the mood of banks fighting payments perfidy.

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10/04/2019

Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent

PYMNTS.com

The competition between cybercriminals and the fraud and security teams at banks, tasked with stopping their attacks, is incredibly lopsided.

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10/01/2019

Online Account Origination Fraud: When New Users Are Bad News

NuData Security

Your online company is getting lots of new online customers, but you don’t understand why revenue numbers don’t add up. OAO is probably the at the source of your problems.

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09/30/2019

WHY IT’S SO HARD FOR CHALLENGER BANKS TO FIGHT FINANCIAL CRIME

Feedzai

Challenger banks put themselves under intense pressure to create a superior customer experience, and with good reason.

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09/30/2019

Self-defense against scams

FTC

To everyone who hangs up on unwanted calls, learns about the latest scams, and checks with friends about suspicious offers: good news!

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09/29/2019

Eye on Data Security: High Risk for Insurers; Another Round of Attacks on Click2Gov

Digital Transactions

A new analysis says insurance companies are particularly vulnerable to e-commerce fraud, and a recent report says a second round of data breaches has occurred at cities that use the Click2Gov application for payment of utility bills, parking tickets, and related municipal payments.

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09/29/2019

WordPress sites hacked through defunct Rich Reviews plugin

The State of Security

An estimated 16,000 websites are believed to be running a vulnerable and no-longer-maintained WordPress plugin that can be exploited to display pop-up ads and redirect visitors to webpages containing porn, scams, and–worst of all–malware designed to infect users’ computers.

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09/29/2019

MyPayrollHR CEO Arrested, Admits to $70M Fraud

Krebs on Security

Earlier this month, employees at more than 1,000 companies saw one or two paycheck’s worth of funds deducted from their bank accounts after the CEO of their cloud payroll provider absconded with $35 million in payroll and tax deposits from customers.

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09/29/2019

DoorDash data breach exposes 4.9 million users' details

Digital Transactions

DoorDash has confirmed a data breach impacting 4.9 million users including customers, delivery workers and merchants. The food delivery company said that the breach happened on May 4 and that customers who joined after April 5, 2019 are not affected.

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09/24/2019

3 Types of Network Attacks to Watch Out For

The State of Security

Cybersecurity is becoming more of a common tongue term in today’s industry.

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09/24/2019

Cybercriminals are Targeting Healthcare Industry For Lucrative Information to Steal

Chemis Journal

Hackers are generally assumed to be going after bank account numbers or financial institutions.

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09/23/2019

Victims lose $900,000 in national fraud case; two women arrested by Fontana Police

Fontana Herald News

Two women were arrested by Fontana Police Department detectives in connection with a national fraud case in which victims lost about $900,000, police said in a news release on Sept. 20.

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09/22/2019

Before He Spammed You, this Sly Prince Stalked Your Mailbox

Krebs on Security

A reader forwarded what he briefly imagined might be a bold, if potentially costly, innovation on the old Nigerian prince scam that asks for help squirreling away millions in unclaimed fortune: It was sent via the U.S. Postal Service, with a postmarked stamp and everything.

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09/22/2019

The (Mostly) Bad News About Prepaid Cards

The Ascent

Make sure you fully understand the fees before you get a prepaid card, as it might not be your best option.

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09/22/2019

IRS Testing Behavioral Analytics to Verify Online Users

Nextgov

The agency is piloting a proof-of-concept that will track how individual taxpayers interact with its online systems.

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09/20/2019

A Guide on 5 Common LinkedIn Scams

The State of Security

The fact that scammers haunt Facebook and Twitter is not surprising. Even so, digital criminals don’t stop with just those two platforms. They’re also known to stalk users on LinkedIn where connections carry greater professional gravity.

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09/20/2019

Over 12,000 WannaCry Variants Detected in the Wild

The State of Security

Security researchers have determined that over 12,000 variants of the WannaCry ransomware family are preying upon users in the wild.

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09/20/2019

New Account Fraud Creates Friction for Banks

ABA Banking Journal

Banks are getting better at making digital account opening faster, easier and more efficient. But improvements to reduce the friction for customers can also open the door to new ways of gumming up the works with fraud.

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09/20/2019

How to avoid contactless card fraud

Good Houskeeping

You may have noticed recently that you’re having to tap in your pin more often when using your contactless bank card.

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09/20/2019

Helping Hispanics avoid fraud

FTC

Hispanic Heritage Month (Sept 15 - Oct 15) is a time to celebrate the rich culture, heritage, and contributions of Hispanics. It is also a time to reflect on the FTC’s commitment to help Hispanic communities fight fraud.

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09/20/2019

Social Security is not trying to take your benefits

FTC

We’ve seen a new twist on the Social Security Administration (SSA) scam recently. Check out this SSA imposter robocall, which says your benefits will end. (That’s not true, by the way.)

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09/20/2019

Four charged in "massive" credit card cloning scheme

Action News 2

The four suspects are accused of stealing Meijer credit card numbers and encoding them onto gift cards--also known as card cloning. The suspects used the cloned cards to purchase more gift cards or merchandise, according to the investigation. Suspects use a computer or device to code the magnetic strips of the cards.

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09/18/2019

Fed’s proposal for faster payments raises question of fraud

Roll Call

The Federal Reserve’s announcement last month that it would compete with private industry to launch a 24-hour-a-day real-time payment service has fintech experts raising an alarm: How will it handle fraud, which they say is inevitable with any financial system.

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09/16/2019

US Treasury sanctions three North Korean hacking groups

ZDNet

US wants to seize financial assets associated with the Lazarus Group, Bluenoroff, and Andarial.

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09/12/2019

Uber Confirms Account Takeover Vulnerability Found By Forbes 30 Under 30 Honoree

Forbes

A security vulnerability has been discovered that could allow attackers to compromise and control any Uber account.

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09/11/2019

BEC Scams Cost Victims $26B over a Three-Year Period, Finds FBI

The State of Security

The Federal Bureau of Investigation (FBI) found that business email compromise (BEC) scams cost victims a combined total of $26 billion in losses over a three-year period.

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09/11/2019

NY Payroll Company Vanishes With $35 Million

Krebs on Security

MyPayrollHR, a now defunct cloud-based payroll processing firm based in upstate New York, abruptly ceased operations this past week after stiffing employees at thousands of companies.

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09/10/2019

Patch Tuesday, September 2019 Edition

Krebs on Security

Microsoft today issued security updates to plug some 80 security holes in various flavors of its Windows operating systems and related software.

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09/09/2019

Secret Service Investigates Breach at U.S. Govt IT Contractor

Krebs on Security

The U.S. Secret Service is investigating a breach at a Virginia-based government technology contractor that saw access to several of its systems put up for sale in the cybercrime underground, KrebsOnSecurity has learned.

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09/09/2019

Monster.com job applicants info exposed on unprotected server

SC Magazine

Personal details from resumes and CVs from job seekers were exposed after a server belonging to a recruitment company that was a customer of Monster.com and others was left unprotected.

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09/09/2019

Financial fraud targeting college students: How to stop the scam

Alabana Newscenter

“Hey, I can help you earn some quick cash.” To some, those words are an immediate red flag. Surely, this must be a scam. Just say, “No, thanks,” and move on.

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09/09/2019

Fake PayPal Website Distributes New Variant of Nemty Ransomware

The State of Security

Digital attackers created a fake PayPal website to distribute samples of a new variant of the Nemty crypto-ransomware family.

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09/06/2019

Biometrics And Beyond For Call Centers

PYMNTS.com

The latest Call Center Commerce Tracker looks at how call centers are using artificial intelligence (AI) and biometrics to keep customers satisfied and safe, as well as new voice and visual trends.

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09/05/2019

Southwest Airlines Will Add Apple Pay As a Payment Option

Digital Transactions

Southwest Airlines will join the roster of merchants that accept Apple Pay, according to an announcement Wednesday from CellPoint Digital and UATP.

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09/05/2019

Ransomware Attackers Demanded $5.3M from City of New Bedford

The State of Security

Digital criminals demanded $5.3 million in ransom from the City of New Bedford, Massachusetts following a ransomware attack.

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09/05/2019

Hundreds of millions of Facebook users’ phone numbers found lying around on the internet

The State of Security

TechCrunch reports that a security researcher stumbled across an exposed server on the internet containing databases with a total of more than 419 million records related to Facebook users.

Details >
09/03/2019

Ransomware Bites Dental Data Backup Firm

Krebs on Security

PerCSoft, a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack.

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09/03/2019

Why Vietnam Is The Next Payments And Commerce Frontier

PYMNTS.com

Here’s a thought as the unofficial end of summer draws near and a new decade looms: Pay more attention to Vietnam.

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09/03/2019

Criminals Use Voice AI To Steal Money

PYMNTS.com

Cybercriminals impersonated the voice of an energy company’s chief executive and demanded an urgent transfer of $243,000 – and it worked, according to a report by The Wall Street Journal.

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08/29/2019

Feds ordered Google location dragnet to solve Wisconsin bank robbery

The Verge

On October 13th, 2018, two men walked into a Great Midwest Bank in a suburban strip mall outside Milwaukee. They were the first two customers when the bank opened, barely recognizable behind sunglasses and heavy beards — but it soon became clear what they were after.

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08/27/2019

Cybersecurity Firm Imperva Discloses Breach

Krebs on Security

Imperva, a leading provider of Internet firewall services that help Web sites block malicious cyberattacks, alerted customers on Tuesday that a recent data breach exposed email addresses, scrambled passwords, API keys and SSL certificates for a subset of its firewall users.

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08/26/2019

Adyen Says It’s Ready to Take on the Majority of eBay’s Volume Next Year

Digital Transactions

PayPal Holdings Inc.’s shares dipped slightly late Thursday after a key Adyen N.V. executive told stock analysts that the Amsterdam-based company is “ready” to process “the majority” of eBay Inc.’s volume when eBay shifts to Adyen next year.

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08/26/2019

Visa: New Cyber Threats Require New Fraud Tools

PYMNTS.com

The phenomenon of payments fraud is not a modern one — far from it.

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08/26/2019

How to Stop Spammers From Attacking Your Google Calendar

How-To Geek

Spammers have found a way to add unwanted phishing and scam events to people’s Google Calendars without their permission. Here’s how to stop spammers from adding things to your calendar without your permission.

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08/26/2019

Eye on Cryptocurrency: Libra Backers Getting Cold Feet? Settlement in Alleged Crypto Pyramid Scheme

Digital Transactions

Several backers of Facebook Inc.’s proposed Libra cryptocurrency are having second thoughts because of regulatory pushback, according to a British newspaper report.

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08/26/2019

FBI takes down Nigerian fraudsters in $46M case

ABC News

The relationship between a Japanese woman and a U.S. Army captain stationed in Syria started online, through an international social network for digital pen pals. It grew into an internet romance over 10 months of daily emails.

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08/26/2019

Can Email Change The Payments Game For SMBs?

PYMNTS.com

Poor cash flow is a business killer. Almost half of all businesses fail within the first four years because of poor cash flow management.

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08/26/2019

Trending: FIs Use AI To Challenge Challenger Banks

PYMNTS.com

Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world.

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08/26/2019

Hy-Vee customers credit and debit card information sold online

KRCG TV

DES MOINES, IOWA (AP) — An Iowa-based grocery chain says it's aware of reports that hacked customer account information is being sold online.

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08/26/2019

IBM Study Shows Data Breach Costs on the Rise.

The State of Security

For the 14th consecutive year, IBM Security released its annual Data Breach Report that examines the financial impact of data breaches on organizations.

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08/26/2019

Scam Alert: College Scholarship Seekers Beware

Public News Service

RICHMOND, Va. — It's back-to-school season, and parents and grandparents of college students need to take precautions against scholarship scams.

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08/23/2019

Is the American Community Survey legit?

Federal Trade Commission

Here at the FTC, we always tell people to use caution when someone they don’t know asks them for personal information.

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08/23/2019

Survey: 84% of Security Pros Said Their Organizations Struggled to Maintain Security Configurations in the Cloud

The State of Security

Headlines continue to suggest that organizations’ cloud environments make for tantalizing targets for digital attackers.

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08/23/2019

Visa Adds New Security Capabilities to Detect Fraud and Disrupt Threats

The State of Security

Visa unveiled a suite of new security capabilities designed to help detect fraud and disrupt threats targeting financial institutions and merchants.

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08/23/2019

Block newly-registered domains to reduce security threats in your organisation

The State of Security

It’s no secret that there are a lot of websites on the internet hosting malicious content whether they be phishing pages, scams or malware itself.

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08/23/2019

Breach at Hy-Vee Supermarket Chain Tied to Sale of 5M+ Stolen Credit, Debit Cards

Krebs on Security

On Tuesday of this week, one of the more popular underground stores peddling credit and debit card data stolen from hacked merchants announced a blockbuster new sale: More than 5.3 million new accounts belonging to cardholders from 35 U.S. states.

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08/23/2019

IRS Security Checklist #5: Create a Data Theft Recovery Plan

CPA Practice Advisor

Tax professionals are being advised by the IRS that they should report data theft immediately and follow an established process for helping the IRS protect their clients.

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08/23/2019

Robocall Scams Get More Sophisticated and Costly

Yahoo Finance

FCC allows carriers to block suspected robocalls

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08/23/2019

Two-factor authentication for your financial accounts — here’s how secure it really is

Bankrate

Have you ever logged into an online account and then received a text message to confirm it was you actually logging in?

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08/23/2019

Payments and Fraud Control: Good News, Bad News

PaymentsJournal

Earlier this year, AFP (Association of Finance Professionals) published its annual “Payments Fraud and Control Survey,” which looks at trends in business payments fraud and what companies are doing to combat them.

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08/21/2019

Outflanking fraud and fakers: How biometrics can safeguard online account opening

BAI Banking Stratetgies

Thinking of opening a new bank account? If so, chances are the process will be online. The days of going in person to the branch with a handful of paper documents may be all but over. Yet the online experience may not be as fast as you expect—and unlikely to match the ease of interacting with online retailers and other service providers.

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08/21/2019

Lateral Phishing Attacks Rapidly Increasing Via Email Compromise

Health IT Security

Barracuda finds hackers are steadily launching lateral phishing attacks through employee email account compromise to proliferate across the victim’s network and launch further cyberattacks.

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08/21/2019

Concerns Mount Over Banks’ Move To The Cloud

PYMNTS.com

No rest for banks amid the hackers. And certainly not with an outsourced tech model.

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08/21/2019

Forced Password Reset? Check Your Assumptions

Krebs on Security

Almost weekly now I hear from an indignant reader who suspects a data breach at a Web site they frequent that has just asked the reader to reset their password.

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08/19/2019

Psychological Tricks of the Malware Trade

The State of Security

As a Professional Services Consultant, I have the pleasure of traveling all around the globe meeting clients and talking to a wide variety of IT security professionals who form the front line of defence against malware.

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08/19/2019

The Rise of “Bulletproof” Residential Networks

Krebs on Security

Cybercrooks increasingly are anonymizing their malicious traffic by routing it through residential broadband and wireless data connections.

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08/18/2019

Police Recovered $300K Stolen in Spotslyvania Schools Phishing Attack

The State of Security

Police recovered over $300,000 stolen by phishers from Spotslyvania County Public Schools in Spotslyvania County, Virginia.

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08/15/2019

Meet Bluetana, the Scourge of Pump Skimmers

Krebs on Security

“Bluetana,” a new mobile app that looks for Bluetooth-based payment card skimmers hidden inside gas pumps, is helping police and state employees more rapidly and accurately locate compromised fuel stations across the nation, a study released this week suggests.

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08/15/2019

EMVCo Proposes Spec Changes To Accommodate Longer Issuer IDs

Digital Transactions

Payment card standards body EMVCo on Thursday disclosed proposed specifications changes to accommodate the coming of longer numbers on credit and debit cards for identifying the card issuer, changes that could affect merchants using card numbers to identity their loyalty program members in addition to processing protocols.

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08/15/2019

Hy-Vee says it found unauthorized activity on some of its payment systems

Sioux City Journal

WEST DES MOINES, Iowa -- Iowa-based grocery store chain Hy-Vee is warning customers about what it says is a security incident involving payment card systems.

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08/15/2019

Voices Why auditors need to be sent to ‘Fraud School’

Accounting Today

It is a question that always arises in the wake of any high-profile fraud: How could this have happened?

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08/15/2019

More than a million people have their biometric data exposed in massive security breach

The State of Security

A biometrics system used to secure more than 1.5 million locations around the world – including banks, police forces, and defence companies in the United States, UK, India, Japan, and the UAE – has suffered a major data breach, exposing a huge number of records.

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08/13/2019

SEC Investigating Data Leak at First American Financial Corp.

Krebs on Security

The U.S. Securities and Exchange Commission (SEC) is investigating a security failure on the Web site of real estate title insurance giant First American Financial Corp. that exposed more than 885 million personal and financial records tied to mortgage deals going back to 2003, KrebsOnSecurity has learned.

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08/13/2019

I Lost My Identity to a Fraudster, and It Took Six Years to Clean Up the Mess

Bloomberg.com

A Bloomberg reporter’s first-person account of trying to get back his name and credit rating.

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08/13/2019

Venmo launches instant transfers to bank accounts

Techcrunch.com

PayPal -owned payments app Venmo today announced support for instant transfers to U.S. bank accounts.

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08/12/2019

iNSYNQ Ransom Attack Began With Phishing Email

Krebs on Security

A ransomware outbreak that hit QuickBooks cloud hosting firm iNSYNQ in mid-July appears to have started with an email phishing attack that snared an employee working in sales for the company, KrebsOnSecurity has learned.

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08/12/2019

OFAC Continues to Demonstrate Greater Interest in Cryptocurrency Regulation and Enforcement

JDSupra.com

With the widespread arrival of Initial Coin Offerings (“ICOs”) over the last several years,1 U.S. authorities have made deliberate progress toward keeping pace with the fast-growing crypto industry.2

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08/12/2019

Lost amid the Equifax and Capital One hacks: Identity thieves targeting kids with ‘blank slate’ credit histories

MarketWatch

A child victim of identity theft typically won’t find out their identity has been targeted until the first time they apply for a first credit card, job or apartment

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08/12/2019

Business Email Compromise (BEC) Investigation – DIGITPOL

Digital Journal

Business Email Compromise (BEC) is soaring and global companies are been affected, typically attackers request funds to be transferred to an offshore location, typically to Hong Kong. Digitpol, a global cyber crime investigation agency is providing assistance to affected firms via its Hong Kong offices by provide rapid assistance with freezing funds wired to fraudsters accounts and liaison with local authorities to trace and recover the stolen funds.

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08/09/2019

How to Recognize the Signs of Tax ID Theft

CPA Practice Advisor

The Internal Revenue Service and its Security Summit partners are urging tax professionals to learn the tell-tale signs that their office may have experienced a data theft that resulted in fraudulent tax returns being filed in their clients’ names.

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08/08/2019

Visa to Test Advanced AI to Prevent Fraud

The Wall Street Journal

Visa Inc. is rolling out a platform to help its engineers quickly test advanced artificial-intelligence algorithms aimed at detecting and preventing credit-card fraud.

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08/08/2019

Stephanie Garland: Be on guard against college ID theft

The Joplin Globe

Thieves see younger people as desirable victims

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08/08/2019

State Farm Says Security Incident Might Have Exposed Customers’ Data

The State of Security

Insurance company State Farm revealed that a digital security incident might have exposed their customers’ personal information.

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08/07/2019

HACKERS ARE CRACKING ONLINE BANKING SITES TO STEAL YOUR CASH

Futurism

With a couple of relatively unsophisticated tricks, savvy hackers can breach online banking sites and drain wealthy people’s accounts.

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08/07/2019

Ex-Wells Fargo manager pleads guilty to aiding $14 million identity theft scheme

Los Angeles Daily News

The former manager of a Wells Fargo branch in Glendale accused of unfreezing suspicious accounts tied to a $14 million scheme to defraud the Internal Revenue Service pleaded guilty on Monday, August 5.

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08/06/2019

Bad Actors Using Dating Scams to Recruit Money Mules, Warns FBI

The State of Security

The Federal Bureau of Investigation (FBI) warned that bad actors are using dating scams in an attempt to recruit money mules.

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08/05/2019

Why You Should Use a Password Manager, and How to Get Started

How To Geek

The majority of people use very weak passwords and reuse them on different websites. How are you supposed to use strong, unique passwords on all the websites you use? The solution is a password manager.

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08/05/2019

Understanding and Stopping Synthetic Identity Fraud

PaymentsJournal

When it comes to fraud in the payments industry, there has been both good news and bad news.

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08/05/2019

What We Can Learn from the Capital One Hack

Krebs on Security

On Monday, a former Amazon employee was arrested and charged with stealing more than 100 million consumer applications for credit from Capital One.

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08/05/2019

What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

PYMNTS.com

If there was a handbook for how to become a successful fraudster, the first sentence of the first chapter would go something like this: “Go where the money is.”

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08/05/2019

The Risk of Weak Online Banking Passwords

Krebs on Security

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process

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08/01/2019

How cyber criminals make LIMITLESS purchases from your card by cracking the £30 contactless limit

Nosy Media

How cyber criminals can make LIMITLESS purchases from your card by cracking the £30 contactless restrict – and how to quit it

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08/01/2019

Manhattan U.S. Attorney Announces Additional Distribution Of More Than $469 Million To Victims Of Madoff Ponzi Scheme

Department of Justice

Payments Are the Fourth Distribution in a Series of Payments That Together Will Constitute the Largest Payment of Forfeited Funds in the History of the Department of Justice’s Victim Compensation Program.

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08/01/2019

Two Leading Cybersecurity Organizations Issue Joint Bulletin on Threat of Online Skimming to Payment Security

PCI Security Standards

PCI Security Standards Council (PCI SSC) and the Retail and Hospitality ISAC Join Forces to Highlight Growing Threat

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08/01/2019

Cardless Transactions Are Driving Debit Growth, A Trend Fraudsters Have Noted

Digital Transactions

Consumers are making more debit card transactions without the physical card, and fraudsters are taking notice, according to a major study released Thursday.

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07/31/2019

Crooks Sell Credentials Using Combolists-as-a-Service Model

BleepingComputer

Cybercriminals are now using a combolists-as-a-service model to sell credential collections to other crooks, which will later use them as part of large scale malicious account takeover attacks targetting both individuals and organizations.

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07/30/2019

Equifax Data Breach: Beware of Fake Settlement Websites

FTC

Just last week, we told you to go to ftc.gov/Equifax to find out if your information – like your Social Security number – was exposed in the September 2017 Equifax data breach.

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07/30/2019

The rise of biometrics and passwordless security

helpnetsecurity.com

Whether you realize it or not, our current era of mobile and cloud computing can be defined, both positively and negatively, by shared secrets.

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07/30/2019

Capital One Data Theft Impacts 106M People

Krebs on Security

Federal prosecutors this week charged a Seattle woman with stealing data from more than 100 million credit applications made with Capital One Financial Corp.

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07/29/2019

Connelly: Beware the blitz of Social Security scam phonecalls

Seattle PI

Eight times in a single day last week, on both my cell phone and land line, an authoritative recorded voice told me he was calling from Social Security and that my number had been suspended because of criminal activity.

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07/26/2019

KARE 11 Investigates: ‘Money Mule’ convicted in email scam

Kare 11

After losing much of their life savings, a Minnesota couple has a warning for everyone using email and online banking.

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07/26/2019

What the FTC Facebook settlement means for consumers

FTC

The next time users visit Facebook, things might not look different, but big changes are brewing behind the scenes.

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07/22/2019

QuickBooks Cloud Hosting Firm iNSYNQ Hit in Ransomware Attack

Krebs on Security

Cloud hosting provider iNSYNQ says it is trying to recover from a ransomware attack that shut down its network and has left customers unable to access their accounting data for the past three days.

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07/22/2019

Bitcoin Daily: Anchorage Crypto Startup Sets Up Shop In Sioux Falls; Crypto Scam Steals $900K From Pension Fund

PYMNTS.com

Senator Mike Rounds made an announcement at a Senate Banking Committee hearing regarding Facebook’s planned cryptocurrency on Tuesday (July 16), but it wasn’t related to Libra.

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07/22/2019

Equifax’s Tab for Its Big 2017 Data Breach Will Total at Least $671 Million

Digital Transactions

Equifax Inc., which in 2017 sustained a data breach that potentially exposed sensitive information related to 148 million files, on Monday announced what that massive intrusion will cost the company.

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07/19/2019

Equifax Data Breach Settlement: What You Should Know

FTC

In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people.

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07/19/2019

Fargo woman who believes she fell victim to scam, not going down without a fight

Valley News

A Fargo woman who believes she fell victim to a scam, is not going down without a fight.

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07/18/2019

Medicare does not give out DNA kits

FTC

Here’s one that goes to show just how creative scammers can be.

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07/15/2019

Facial Recognition Authentication: Is It Good Enough to Fight Financial Fraud?

Fintech News SG

More than 2800 branches were closed in the UK between 2015 and the end of 2018, and a similar trajectory can be seen across the globe.

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07/15/2019

Mayors Say They’ll No Longer Pay Ransoms Connected to Security Events

The State of Security

Mayors in the United States have collectively declared that they’ll no longer meet attackers’ ransom demands in connection to a digital security event.

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07/15/2019

AI That ‘Thinks’ Like A Fraud Analyst

PYMNTS.com

Fraud, chargebacks and false positives can impact revenue, and even cause firms to lose customers. The data is out there to aid in intelligent risk decisioning, but not all data is created equal, and analysis must happen within milliseconds.

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07/15/2019

Fed warns on impact of 'Synthetic identity' theft

Plant Biometrics

The US Federal Reserve says a new crime trend has seen fraudsters combine a fake name and other fictional personal data such as a date of birth with a true Social Security number.

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07/15/2019

Why Small Businesses are Huge Targets for ID Theft

AccountingWEB

The Internal Revenue Service reported in 2017 that business identity theft increased 250 percent. Simply put, your client’s identity gets stolen, they are out of business. So what can you do?

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07/15/2019

In the Post-EMV World, Online Fraud May Decline, but Watch Out for Email Compromises

Digital Transactions

Fraud-control executives and researchers predicted card-not-present fraud would boom when the U.S. converted to EMV chip cards a few years ago, and, sure enough, it did.

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07/15/2019

How Ready Are Deployers for the Next Big Operating-System Conversion for ATMs?

Digital Transactions

Microsoft Corp. will stop supporting its Windows 7 operating system next January, and that’s set off the latest dash by ATM deployers to convert to the next OS while there’s still time. For most deployers, that’s Windows 10, but some might be in a better position to meet the deadline than others.

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07/15/2019

Is ‘REvil’ the New GandCrab Ransomware?

Krebs on Security

The cybercriminals behind the GandCrab ransomware-as-a-service (RaaS) offering recently announced they were closing up shop and retiring after having allegedly earned more than $2 billion in extortion payments from victims.

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07/09/2019

Who’s pretending to be the government now?

Federal Trade Commission

You’ve gotten the calls: from Social Security. Or the IRS. Or Medicare. Or any number of other agencies. Except: as soon as the caller threatens you or demands that you pay them with a gift card or by wiring money, you know. It’s a scam. Even if caller ID tells you otherwise – that’s not the government calling.

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07/09/2019

What is Deepfake, and should I be Concerned?

How-To Geek

We tend to trust the content of video and audio recordings.

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07/09/2019

Attack the hack: How banks can beat modern malware

BAI Bank Strategies

The complex stage where banks operate today resembles a theater where a trio of players vie for the spotlight.

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07/09/2019

Better Business Bureau: Imposter Fraud

ABC 7

CHICAGO (WLS) -- The Better Business Bureau is warning consumers to be aware of people who pretend to be government officials to try and steal money.

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07/08/2019

Why AI Is Social Media Fraud’s New Best Friend

PYMNTS.com

It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer consciousness.

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07/08/2019

British Airways faces record £183 million GDPR fine after data breach

The State of Security

What’s happened? British Airways is facing a record fine of £183 million, after its systems were breached by hackers last year and the personal and payment card information of around 500,000 customers were stolen.

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07/08/2019

National Trade Association Discloses Data Breach Tied to Alleged Phishing Attack

The State of Security

A national trade association has disclosed a data breach that allegedly took place following a successful phishing attack.

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07/01/2019

P2P Payments Find Fans In The Black Market

PYMNTS.com

Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains

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07/01/2019

Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network

PYMNTS.com

In digital commerce, promise and peril co-exist. Payments fraud is continuously moving from offline settings into the online realm.

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07/01/2019

10 MOST DANGEROUS TYPES OF FRAUD IN THE UNITED STATES AND HOW TO PROTECT YOURSELF

The Gal Post

In 2018 most of the frauds were recorded in employment, according to the Bureau for improving business practice. Based on information provided by the press-Secretary of the Bureau Katherine Hutt, edition of Fox News has compiled a list of 10 of the most dangerous types of fraud occurring in the United States, and also gave tips on how to protect yourself from them.

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06/26/2019

ACI Worldwide Rolls Out Disbursement Services

PYMNTS.com

To allow businesses to send money to consumers’ bank accounts in real time using their debit cards, real-time electronic payment and banking solutions provider ACI Worldwide announced the rollout of ACI Disbursement Services.

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06/25/2019

Tracing the Supply Chain Attack on Android

Krebs on Security

Earlier this month, Google disclosed that a supply chain attack by one of its vendors resulted in malicious software being pre-installed on millions of new budget Android devices.

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06/25/2019

Price vs. Cost: What the Stock Market Teaches Us about Data Breaches

The State of Security

Normally, when you hear about stocks dropping, it’s due to some scandal or crisis.

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06/25/2019

A new form of fraud: Synthetic identity theft

NBC News 10

It's a new type of identity theft that's tough to catch because it might not show up on your credit report.

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06/25/2019

The Data Breach Case Against Facebook Is Moving Forward

PYMNTS.com

Facebook is still legally on the hook for a September data breach that affected 30 million of their customers.

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06/23/2019

As Facebook’s Libra Provokes A Slew of Questions, An Expert Struggles With the Coin’s ‘Justification’

Digital Transactions

Facebook Inc. is expected to release details this week, perhaps as early as Tuesday, on its Libra cryptocurrency initiative, but for now what’s known about the project has at least some experts shaking their heads.

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06/23/2019

Chip Cards Make Gains, but the U.S. Still Lags Most of the World in EMV Adoption

Digital Transactions

EMV chip card payments made substantial gains in the U.S. last year, but the nation still lags most other regions in EMV penetration, according to new figures from payment card standards body EMVCo.

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06/23/2019

Two women arrested for Felony Lane Gang identity thefts, bank fraud

WKOW.com

BROWN COUNTY (WBAY) — The Brown County Sheriff’s Office have two women in custody suspected of stealing more than $50,000 through identity theft and bank fraud.

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06/21/2019

Collections Firm Behind LabCorp, Quest Breaches Files for Bankruptcy

Krebs on Security

A medical billing firm responsible for a recent eight-month data breach that exposed the personal information on nearly 20 million Americans has filed for bankruptcy, citing “enormous expenses” from notifying affected consumers and the loss of its four largest customers.

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06/21/2019

Facebook to man barricades against Libra hackers

Financial Review

Facebook's proposed cryptocurrency Libra will present a juicy target for organised criminals, according to global cyber security experts, forcing the social network and its new partners to invest billions in defences to protect users' money and convince regulators the network can be trusted.

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06/21/2019

The Costs and Risks of Account Takeover

Security Boulevard

Account takeover (ATO) attacks result in billions of dollars of fraud and damage to brand reputation each year. These are the costs and risks associated with ATO.

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06/18/2019

Call 4 Action case prompts federal investigation into check fraud

TMJ4.com

The United States Postal Service is investigating a check fraud case after TODAY’S TMJ4 contacted the companies whose names were used in connection with the fraud.

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06/17/2019

Couple hauled off plane in Milwaukee face numerous charges involving identity theft

WISN 12 News

MILWAUKEE — As Transportation Security Administration officials prepare for what they predict will be the busiest summer travel season on record, a real-life crime spree quickly came to an end at Milwaukee’s General Mitchell International Airport.

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06/17/2019

Local bank warning of secret shopper scam sending people fake cashier's checks

Fox 4 New Kansas City MO

HOLDEN, Mo. -- A secret shopper scam is targeting thousands of customers across the country.

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06/17/2019

Hackers and Cyber-criminals Have Discovered a Goldmine in the Form of Gaming Industry

Digital Information World

There is no second opinion about the fact that the gaming industry is one of the most profitable industry so far.

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06/17/2019

7M Venmo Transactions Scraped To Warn Users

PYMNTS.com

A computer science student scraped seven million Venmo transactions to warn users that their public activity can still be stolen.

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06/12/2019

Instant fraud: Consumers see funds disappear in Zelle account scam

NBC News

Chrysanthi Rausch was taking a nap on her couch two months ago when she got a call from a number she didn't recognize.

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06/12/2019

U.S. Customs and Border Protection says photos of travelers were taken in a data breach

The Washington Post

U.S. Customs and Border Protection officials said Monday that photos of travelers had been compromised as part of a “malicious cyberattack,” raising concerns over how federal officials’ expanding surveillance efforts could imperil Americans’ privacy.

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06/12/2019

Lake City Reveals It Suffered a ‘Triple Threat’ Ransomware Attack

The State of Security

The City of Lake City has confirmed that a “Triple Threat” ransomware attack affected the functionality of several of its computer systems.

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06/12/2019

Use payment apps like Venmo, Zelle and CashApp? Here's how to protect yourself from scammers

NBC News

Peer-to-Peer (P2P) payment platforms — such as Zelle, Venmo, Apple Pay, Google Pay, Facebook Payments and Cash App — make it convenient to send someone money from your checking account. Unfortunately, scammers have now discovered them.

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06/09/2019

Cryptocurrency wallet GateHub hacked, nearly $10 million worth of Ripple (XRP) stolen

The State of Security

In a “preliminary statement” published on its blog on Thursday, cryptocurrency wallet service GateHub has warned that over 100 customers have had their ledger wallets hacked and funds stolen.

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06/06/2019

Automatic robocall blocking: Here's how cell phone carriers are responding to the FCC's ruling

FastCompany

The Federal Communications Commission ruled Thursday that phone companies can block robocalls to customers automatically, making such services opt out rather than opt in.

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06/06/2019

New Bank/Credit Card Scam

Fox Business News

New phone call scam, video from Fox Business News

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06/04/2019

Why AI is MIA in most FI Fraud Departments

PYMNTS.com

In the old days, forged checks were the biggest problems that bank fraud departments had to manage.

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06/04/2019

Quest Diagnostics says data on nearly 12M patients exposed by breach

C.net

Quest Diagnostics said 11.9 million of its patients may have been exposed in a data breach of computer systems at the American Medical Collection Agency, a billings collection firm the medical lab works with.

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06/04/2019

Quest Diagnostics says data on nearly 12M patients exposed by breach

C.net

Quest Diagnostics said 11.9 million of its patients may have been exposed in a data breach of computer systems at the American Medical Collection Agency, a billings collection firm the medical lab works with.

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06/04/2019

Australia National University Reveals Data Breach Involving 19 Years of Info

The State of Security

Australia National University (ANU) has disclosed a data breach that affected some information of its community members dating back 19 years.

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06/03/2019

8 residents of Los Angeles' San Fernando valley arrested in check-kiting scheme that allegedly defrauded banks out of nearly $1.5 million

U.S. Immigration and Customs Enforcement

LOS ANGELES – Federal authorities this morning arrested eight people named in a federal grand jury indictment that alleges check-kiting schemes that used hundreds of altered Armenian passports to fraudulently open bank accounts and steal nearly $1.5 million from Bank of America and Wells Fargo.

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06/03/2019

Sale Barn Owners in Kansas Indicted in Multi-Million Dollar Fraud

Drovers

The owners of a sale barn in Kansas have been charged with carrying out a check kiting scheme by federal authorities after the fraud resulted in banks losing millions of dollars.

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06/03/2019

It’s Time to Take Loyalty Fraud Seriously

The Wise Marketer

We report frequently on the subject of loyalty fraud for two main reasons. 1) Because maintaining the integrity of a loyalty program for the sake of your member’s confidence and security is just as important as doing so for bottom line integrity. 2) Because loyalty fraud keeps happening. A lot.

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05/31/2019

NY Investigates Exposure of 885 Million Mortgage Documents

Krebs on Security

New York regulators are investigating a weakness that exposed 885 million mortgage records at First American Financial Corp.

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05/30/2019

Canada Uses Civil Anti-Spam Law in Bid to Fine Malware Purveyors

Krebs on Security

Canadian government regulators are using the country’s powerful new anti-spam law to pursue hefty fines of up to a million dollars against Canadian citizens suspected of helping to spread malicious software.

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05/30/2019

Should Failing Phish Tests Be a Fireable Offense?

Krebs on Security

Would your average Internet user be any more vigilant against phishing scams if he or she faced the real possibility of losing their job after falling for one too many of these emails?

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05/30/2019

Checkers Says Data Breach Affected 100+ Locations

The State of Security

Checkers Drive-In Restaurants, Inc. revealed that a data breach possibly affected customers at more than 100 of its Checkers and Rally’s locations.

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05/28/2019

Fake Romeo arrested for allegedly scamming thousands from dozens of women in 8 states

ABC News

Los Angeles police are looking for more victims of a Lothario who will do more than just steal your heart.

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05/28/2019

First American Financial Admits To Consumer Data Breach

PYMNTS.com

First American Financial, the real estate title insurance company, may have provided unauthorized access to the financial information of its customers.

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05/23/2019

Legal Threats Make Powerful Phishing Lures

Krebs on Security

Some of the most convincing email phishing and malware attacks come disguised as nastygrams from a law firm.

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05/19/2019

More Than 1.5 Million Malicious And Spam Emails Were Sent From Thousands Of Compromised Office 365 Accounts: Barracuda Networks

Express Computer

Barracuda researchers have revealed a startling rise in account takeover, one of the fastest growing email security threats

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05/19/2019

Paper checks aren’t as safe as you think; electronic payments urged by FTC

Cleveland Paper

CLEVELAND, Ohio -- Most people know that allowing a thief to get credit card or debit card numbers could lead to fraud.

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05/17/2019

Do DDoS attacks originate from Cloud Service Providers?

Security Boulevard

In a word, yes.

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05/17/2019

Forbes subscribers warned of Magecart threat skimming credit card details

The State of Security

The notorious Magecart malware, that blights online stores by stealing payment card details from unsuspecting shoppers at checkout, has claimed another high profile victim.

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05/14/2019

Imposter scams top the list of 2018 consumer fraud complaints

Property Casualty 360

For the first time, the Federal Trade Commission’s (FTC’s) Consumer Sentinel Network Data Book, 2018 has identified imposter scams as the top consumer fraud complaint received in 2018.

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05/14/2019

Nine Charged in Alleged SIM Swapping Ring

Krebs on Security

Eight Americans and an Irishman have been charged with wire fraud this week for allegedly hijacking mobile phones through SIM-swapping, a form of fraud in which scammers bribe or trick employees at mobile phone stores into seizing control of the target’s phone number and diverting all texts and phone calls to the attacker’s mobile device.

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05/14/2019

Bad Actors Using MitM Attacks against ASUS to Distribute Plead Backdoor

The State of Security

Researchers believe bad actors are using man-in-the-middle (MitM) attacks against ASUS software to distribute the Plead backdoor.

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05/13/2019

Amazon Merchants Affected By Cyberattack

PYMNTS.com

Amazon was the target of an “extensive” cyberattack in which hackers stole money from merchant accounts and funneled them into their own, according to a report by Bloomberg.

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05/13/2019

A Changing Threat Landscape: Inside Verizon’s 2019 DBIR

The State of Security

Verizon Enterprise has once again released its annual Data Breach Investigations Report (DBIR).

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05/13/2019

RobbinHood ransomware attack brings down parts of City of Baltimore’s computer network

The State of Security

For the second time in a year, Baltimore city government computers have been infected by ransomware. Malicious hackers are demanding that a ransom is paid for the safe recovery of encrypted files on affected computers and servers.

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05/13/2019

L&M Supply acknowledges online data breach

The Timberjay

REGIONAL—The growing issue of online security hit the North Country (MN) this week as Grand Rapids-based L&M Supply acknowledged an unauthorized breach of credit and debit card information from the company’s online store.

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05/13/2019

New record high: 82% of companies recently hit by payment fraud

CFO Daily News

Today, your finance team must do more than ever before to ensure that company money stays where it belongs.

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05/13/2019

7 of the worst scams people fall for when renting an apartment

Stamford Advocate

Scams are a huge problem for apartment hunters, and online listings have only made the problem worse

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05/08/2019

Catch Me If You Can: Fighting Fraud With Blockchain

Cointelegraph.com

Fraud impacts organizations of all types and sizes across a wide range of industries and geographies.

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05/08/2019

Five fraudulent schemes used against small businesses... and how to detect them

Kens5 - BBB

The Better Business Bureau will be offering resources to the business community throughout National Small Business Week, an event that recognizes the important contributions made by American entrepreneurs and their small businesses.

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05/06/2019

Avoid Crowdfunding scams

FTC

Crowdfunding is one way to support a project you believe in and get rewards for that support.

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05/06/2019

Experts Warn of Office 365 Account Takeover Surge

Info Securityy

Over 1.5 million malicious and spam emails were sent from thousands of compromised Office 365 accounts in just one month thanks to a surge in account takeovers (ATOs), according to Barracuda Networks.

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05/06/2019

Fraudsters Targeting Consumers with One-Ring Phone Scams

The State of Security

Fraudsters are targeting consumers with one-ring phone scams that exploit people’s curiosity so as to trick them into paying exorbitant fees.

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05/06/2019

Consumer Sentinel Network Data Book 2018

FTC

The FTC takes in reports from consumers about problems they experience in the marketplace.

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05/03/2019

Inside the Government Cybersecurity Landscape: Federal vs. State Level Challenges

The State of Security

Few would dispute the idea that an effective cybersecurity profile requires candid assessments of potential vulnerabilities. Here’s a closer look at the challenges facing the federal cybersecurity mission and the efforts of state-level agencies.

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05/03/2019

Mitigating Risks in Cloud Migration

The State of Security

Companies are moving to incorporate the cloud into their computing infrastructure at a phenomenal rate. This is, without question, a very positive move.

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05/03/2019

Data: E-Retail Hacks More Lucrative Than Ever

Krebs on Security

For many years and until quite recently, credit card data stolen from online merchants has been worth far less in the cybercrime underground than cards pilfered from hacked brick-and-mortar stores.

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05/03/2019

Worried About Payroll Fraud? Nine Ways Small Businesses Can Mitigate The Risk

Forbes

Payroll fraud is a common issue with severe consequences. Whether an employee asks for a pay advance that is never repaid, punches in for a fellow worker who takes the day off or diverts the paychecks of an absent or former employee, there are plenty of ways dishonest staff can conspire to get extra money out of your business.

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05/01/2019

How Email Bombing Uses Spam to Hide an Attack

How-To Geek

If you suddenly start receiving an endless stream of junk email, perhaps asking for confirmation of a subscription, you’re the victim of email bombing. The perpetrator is probably trying to hide their real goal, so here’s what to do.

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05/01/2019

Unprotected Database Exposed Details of Over 80 Million U.S. Households

The State of Security

Security researchers found an unprotected database stored on the cloud that contained detailed information of over 80 million U.S. households.

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05/01/2019

Disruptions from cyber attacks increasing, taking longer to fix

information Management

Cyber attack disruptions are increasing, and it’s taking organizations longer to fix the underlying issues, according to a new report from global consulting firm Protiviti and the Shared Assessments Program, a member-driven organization of risk assurance providers. Among the areas they need to focus on: vendor risk management (VRM) practices and programs.

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05/01/2019

$9.8M Settlement to Eddie Bauer Data Breach Filed in Federal Court

The State of Security

A Washington federal court has received a $9.8 million settlement that would resolve a data breach class-action lawsuit filed against Eddie Bauer.

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04/29/2019

COMMENTARY: How Mobile-App Testing Can Stop Three Common Types of E-Commerce Fraud

Digital Transactions

In the race to attract and retain today’s always-on, mobile-savvy consumer, most companies are developing their own e-commerce apps at a fast and furious pace.

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04/26/2019

Will Consumers Bank With Their Telcos?

PYMNTS.com

Last week, wireless carrier T-Mobile announced it would throw its hat into the mobile banking arena with the national rollout of T-Mobile MONEY.

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04/26/2019

The Chipotle Hack And The Troubling Trend Of Credential Stuffing

PYMNTS.com

The news out of Chipotle feels a bit like déjà vu, as it’s a story we’ve all heard before.

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04/26/2019

A Beginner’s Guide to PCI Compliance

The State of Security

PCI DSS, or the Payment Card Industry Data Security Standard, is the set of requirements for organizations who process card payments. Sounds simple enough, right?

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04/26/2019

What AI Can (and Can’t) Do Right Now to Fight CNP Fraud

CPO Magazine

AI is a powerful tool in the fight against online payment fraud. However, AI alone can’t provide all the functions merchants need to prevent fraud and avoid expensive, reputation-damaging false positives.

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04/25/2019

Planet Hollywood group POS breach sees 2m records on darkweb

The Cyber-Security Source

A point-of-sale data breach allegedly discovered a month ago and just now admitted, exposed two million credit cards belonging to diners of Earl Enterprises restaurants.

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04/25/2019

Scammers and your Notre Dame donations

FTC

Following last week’s devastating fire that destroyed much of the famous and historically important Cathedral of Notre Dame in Paris, fundraising efforts have begun.

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04/25/2019

COPPA: A few tips to keep your child safe online

FTC

Online games and websites for kids are everywhere these days – to the point where it’s commonplace to see toddlers playing with them, too.

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04/22/2019

‘123456’ Remains the World’s Most Breached Password

The State of Security

“123456” remains the most common password which digital criminals abuse to steal unsuspecting users’ sensitive information.

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04/22/2019

British cyber expert pleads guilty to creating malware

The Star Online

MILWAUKEE: A British cybersecurity researcher credited with stopping a worldwide computer virus has pleaded guilty to developing malware to steal banking information.

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04/22/2019

Who’s Behind the RevCode WebMonitor RAT?

Krebs on Security

The owner of a Swedish company behind a popular remote administration tool (RAT) implicated in thousands of malware attacks shares the same name as a Swedish man who pleaded guilty in 2015 to co-creating the Blackshades RAT, a similar product that was used to infect more than half a million computers with malware, KrebsOnSecurity has learned.

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04/19/2019

Wipro Intruders Targeted Other Major IT Firms

Krebs on Security

The crooks responsible for launching phishing campaigns that netted dozens of employees and more than 100 computer systems last month at Wipro, India’s third-largest IT outsourcing firm, also appear to have targeted a number of other competing providers, including Infosys and Cognizant, new evidence suggests. The clues so far suggest the work of a fairly experienced crime group that is focused on perpetrating gift card fraud.

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04/19/2019

Dark Web Fraudsters Defraud Each Other with Fraud Guides

Info Security

Cyber-criminals are doing a roaring trade in “how-to” fraud guides for their fellow scammers, although many are out-of-date and incomplete, according to new dark web research from Terbium Labs.

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04/19/2019

The Robots Aren’t Coming: They’re Already Here (and Ripping Off Banks)

Banking Exchange

Committing financial fraud used to be a precision exercise: find a target, take aim and fire a single shot.

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04/17/2019

SSA imposters top IRS in consumer loss reports

FTC

Have you gotten calls about supposed problems with your Social Security number from callers pretending they’re with the Social Security Administration (SSA)?

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04/17/2019

The lead-generation bait-and-switch

FTC

You’ve probably shared your contact information online to, say, get details about a job opening.

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04/17/2019

RobbinHood Ransomware Demands Grow $10K Per Day after Fourth Day

The State of Security

The ransom demands imposed by the new “RobbinHood” ransomware family increase $10,000 each day beginning on the fourth day following encryption.

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04/17/2019

Experts: Breach at IT Outsourcing Giant Wipro

Krebs on Security

Indian information technology (IT) outsourcing and consulting giant Wipro Ltd. [NYSE:WIT] is investigating reports that its own IT systems have been hacked and are being used to launch attacks against some of the company’s customers, multiple sources tell KrebsOnSecurity. Wipro has refused to respond to questions about the alleged incident.

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04/17/2019

Strong security defense starts with prioritizing, limiting data collection

information Management

Dow Jones, parent of The Wall Street Journal, is among the latest companies to expose highly sensitive data, including the identities of global government officials, politicians and political influencers, on the public cloud.

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04/17/2019

Navicent Health Discloses Data Breach as the Result of a Digital Attack

The State of Security

Navicent Health, a part of Central Georgia Health System, has disclosed that it suffered a data breach as the result of a digital attack.

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04/17/2019

Navicent Health Discloses Data Breach as the Result of a Digital Attack

The State of Security

Navicent Health, a part of Central Georgia Health System, has disclosed that it suffered a data breach as the result of a digital attack.

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04/17/2019

What to Do if Your Business Identity is Stolen

NAV

We hear a lot about data breaches and just about everyone has a story of having a credit card number stolen.

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04/14/2019

New Wire Fraud Scam Reroutes Direct Deposit Paychecks

PYMNTS.com

A new type of phishing scam targets the HR departments of companies and asks for reroutes on direct deposit accounts, CNBC reported. Once the changes are made, a paycheck will go directly into a criminal’s account.

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04/14/2019

Corporate Payments Fraud Jumps Despite Stronger Internal Controls

PYMNTS.com

While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the number of incidents has continued to climb to new heights

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04/14/2019

Visa To Lower Its Chargeback and Fraud Ratios for Merchants in October

Digital Transactions

Visa Inc. will lower its merchant dispute and fraud ratios in October. Merchants that exceed the revised ratios could be placed in monitoring programs meant to control risk.

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04/14/2019

The scams the IRS says you should be watching out for this tax season

WJLA

ARLINGTON, Va. (ABC7) — The IRS compiles a yearly "Dirty Dozen" list of tax scams that have been particularly popular that year. Here are 2019's:

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04/14/2019

THE NEW WAVE OF AUTOMATED CYBER ATTACKS

BBN Times

From big players to small and midsize businesses, every organization has faced the impact of cyber threats at some point. But, the new generation of automated cyber attacks will affect multiple businesses to an unimaginable extent.

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04/11/2019

Scammers Target ACH Transactions

CFO

"Fraudsters are now trying to use ACH transactions as vehicles for their scams as they move away from checks and wires," said the AFP.

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04/07/2019

RUSSIA SAYS “SUPER SOLDIERS” CAN CRASH COMPUTERS WITH TELEPATHY

Futurism

According to a report in the official magazine of its Defense Ministry, Russian “supersoldiers” are able to use “parapsychology” techniques to crash enemy computers, access the minds of foreign soldiers, and read documents inside locked safes — abilities they gained, according to the article, from telepathic dolphins they can now communicate with.

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04/07/2019

The Latest Big Data Breach Should Make You Rethink How You Pay For Everything

Forbes

Last Friday, the restaurant group Earl Enterprises confirmed that over two million credit cards were compromised in a breach affecting diners at Buca di Beppo, Earl of Sandwich, Planet Hollywood, Chicken Guy! and other restaurants between May 2018 and March 2019.

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04/03/2019

If the Data Breach Doesn’t Kill Your Business, the Fine Might

The State of Security

When you hear about a data breach in the news, it’s usually related to a major company or social media network that has been targeted. The erroneous conclusion would be that the hackers only focus on exploiting security flaws in large organizations, but the opposite is true.

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04/03/2019

Canadian Police Raid ‘Orcus RAT’ Author

Krebs on Security

Canadian police last week raided the residence of a Toronto software developer behind “Orcus RAT,” a product that’s been marketed on underground forums and used in countless malware attacks since its creation in 2015.

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03/31/2019

A Month After 2 Million Customer Cards Sold Online, Buca di Beppo Parent Admits Breach

Krebs on Security

On Feb. 21, 2019, KrebsOnSecurity contacted Italian restaurant chain Buca di Beppo after discovering strong evidence that two million credit and debit card numbers belonging to the company’s customers were being sold in the cybercrime underground

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03/31/2019

Nearly One Billion Emails Leaked Online by Unprotected Database

Identity Management Solutions Review

In what some experts call one of the most largest and comprehensive email breaches of all time, nearly one billion emails have been exposed by a little-known marketing company called Verifications.io.

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03/31/2019

Call Center Agents Aim to Balance Service and Identification

Credit Union Times

Credit unions’ desire to always help their members is playing into the hands of fraudsters, who are taking advantage of call center agents by spoofing member IDs in order to take over their accounts.

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03/31/2019

How To Pay The Millennial Workforce

PYMNTS.com

Demand for instant and peer-to-peer (P2P) payments is heating up, and financial institutions (FIs) are seeking to cater to that need, knowing that if they don’t, their customers are likely to turn elsewhere. This month’s Faster Payments Tracker™ explores the latest developments, as FIs and other companies seek to provide or tap into accelerated payment services.

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03/31/2019

Five ways artificial intelligence and machine learning can fight financial fraud

SC Media

One of banking's biggest challenges is to minimize the amount of false positives being generated, thereby saving time, money and avoiding needlessly frustrating customers.

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03/28/2019

Phishing Schemes Top List of IRS Dirty Dozen Tax Scams For 2019

Forbes

With just a few weeks until Tax Day, the Internal Revenue Service (IRS) is reminding taxpayers to be on the lookout for tax scams

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03/28/2019

Bitcoin Daily: Trustology Debuts iPhone-Controlled Crypto Vault; FINMA Says $90M ICO Illegal

PYMNTS.com

Trustology has launched an iPhone-controlled crypto vault that is reportedly safe enough for financial institutions (FIs). TrustVault is now available in the Apple U.K. App Store, and can be used to store ether, with bitcoin and ERC-20 tokens to follow soon.

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03/28/2019

Popular Web Browser’s Hidden Ability Threatens 500M Google Play Users

The State of Security

A popular web browser’s hidden ability poses a serious risk to more than 500 million Google Play users and their Android devices.

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03/28/2019

Ransomware Hit Garage Used by Canadian Internet Registration Authority

The State of Security

A parking garage used by employees of the Canadian Internet Registration Authority (CIRA) suffered a ransomware infection.

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03/28/2019

Apple Card: 7 key takeaways

PaymentsSource

Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology.

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03/28/2019

Office Depot computer scans gave fake results

FTC

Most of us manage basic computer safety on our own. We keep security software and firewalls up to date, and ignore pesky pop-up ads about computer health.

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03/26/2019

Young people falling for scams more often than their grandparents

KOAA News 5

COLORADO SPRINGS- Consumers in Southern Colorado lost millions of dollars in 2018 to scams, but you may be surprised at the age group most likely to fall victim to fraud. Impostor scams have become the most popular tactic for fraudsters after your money they pretend to be someone they’re not to gain your trust and ultimately your money. In 2018 people under the age of 30 were fooled and paid scammers more often than any other age group.

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03/26/2019

Those (not really) IRS calls

FTC

You’ve probably gotten one of these calls: They say it’s the IRS and they’re filing a lawsuit against you for back taxes. They may threaten to arrest or deport you.

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03/26/2019

Robocallers, you’re out

FTC

Most robocalls are prohibited by law, but scammers and dishonest people continue to send them. And even some legitimate companies violate peoples’ privacy rights with illegal robocalls. Today the FTC announced several victories in the fight against illegal robocalls.

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03/24/2019

FACEBOOK STORED “HUNDREDS OF MILLIONS” OF PASSWORDS AS PLAIN TEXT

Futurism.

In a damning privacy revelation, Facebook admitted to storing “hundreds of millions” of account passwords in plain text — a flabbergasting breach with good data security practices.

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03/19/2019

Why Phone Numbers Stink As Identity Proof

Krebs on Security

Phone numbers stink for security and authentication. They stink because most of us have so much invested in these digits that they’ve become de facto identities.

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03/19/2019

The kidnapper calling from his daughter's iPhone demanded money or she would die. It was all a scam.

Wisconsin Rapids Tribune

It appeared he was getting a call from his daughter, but the voice on the other end was that of a man screaming demands for cash.

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03/17/2019

Beware of Fake Check Scams

Financial Industry Regulatory Authority

We are warning the public about job-search scams in which people who respond to ads or online job postings receive checks that appear to be from legitimate companies—including FINRA.

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03/17/2019

Tokenization can make card info less inviting to crooks

PaymentsSource PayThink

It is hard not to become desensitized to the almost daily news of data breaches. Identity theft is appealing to fraudsters, but the endgame is nearly always financial gain, so lifting payments data is a far more direct path to a payoff.

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03/17/2019

Large grocery chain widens ban on Visa credit cards

PaymentsSource

Kroger Co., the biggest U.S. supermarket chain, plans to widen a ban on Visa Inc. credit cards to its Smith’s food and drug division, blaming rising costs from premium cards.

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03/17/2019

For payments, Generation Z is 'generation e-wallet'

PaymentsSource PayThink

Though often mistaken for millennials, Generation Z has an entirely different set of values that need to be acknowledged when developing a plan to connect with these buyers.

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03/15/2019

Getting calls from the SSA?

FTC

Probably not. At least, not from the real SSA. But how many of you have gotten calls from someone who said they were the Social Security Administration? And maybe showed the real SSA phone number (1-800-772-1213) or a number close to it on your caller ID? Lots, right?

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03/15/2019

New protections available for minors under 16

FTC

Young people now have more protection from identity theft and fraud, thanks to a new federal law that went into effect September 21st, 2018. The new law lets parents and child welfare representatives of people under 16, as well as legal guardians, request a security freeze, also called a credit freeze, on their behalf. Taking this step can help protect a young person from identity theft and fraud – and it’s free.

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03/15/2019

What Every Banker Needs to Know Today About Artificial Intelligence

Gonzo Banker

In the last two years, almost every technology company has started using the terms artificial intelligence and, related to that, machine learning.

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03/15/2019

How secure are payment apps? Volusia man says he lost thousands with Zelle

clickorlando.com

ORMOND BEACH, Fla. - Touted as one of the easiest ways to send money to people you know, Zelle is a person-to-person digital payment service offered through most banks and credit unions.

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03/13/2019

DEA warns of alarming increase of scam calls

DEA

El PASO, Texas – The Drug Enforcement Administration urges its DEA-registered practitioners and members of the public to be cautious of telephone calls from criminals posing as DEA or other law enforcement personnel threatening arrest and prosecution for supposed violations of federal drug laws or involvement in drug-trafficking activities.

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03/13/2019

Study: Online retail fraud attacks on the rise

CSA - Chain Store Age

Attempts to defraud online retailers have increased for the second year in a row, with food and beverages and online electronics seeing the biggest increases.

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03/13/2019

$356,000 to protect your computer? Feds promise 'all-out attack' on scams targeting the elderly

USA Today

WASHINGTON – One man, alarmed at the thought that hackers might attack his computer, shelled out $14,990 to a company promising a "fix" that would keep it safe.

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03/11/2019

More than 260 people targeted in elder fraud sweeps, including alleged $30M attorney scammer

ABA Journal

More than 260 people have been targeted across the globe in the largest coordinated sweep of elder fraud cases in history, the U.S. Department of Justice announced Thursday.

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03/11/2019

Philadelphia Bans Cashless Stores

PYMNTS.com

Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. to do so, according to a report by The Wall Street Journal.

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03/11/2019

Can Banks Safely Monetize Consumer Data?

PYMNTS.com

It’s one of the main clichés of the early 21st century, but that doesn’t mean it’s wrong: Data is the new oil.

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03/11/2019

Insert Skimmer + Camera Cover PIN Stealer

Krebs on Security

Very often the most clever component of your typical ATM skimming attack is the hidden pinhole camera used to record customers entering their PINs.

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03/07/2019

Justice Department Coordinates Largest-Ever Nationwide Elder Fraud Sweep

The US Department of Justice

Attorney General William P. Barr and multiple law enforcement partners today announced the largest coordinated sweep of elder fraud cases in history, surpassing last year’s nationwide sweep.

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03/06/2019

More Consumers Speak Out About Fraudulent Zelle Transfers

NCBDFW 5

Leah Montez was stunned when she saw more than $1680 transferred from her checking account to someone she doesn’t even know.

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03/06/2019

Consumers lost more than $1.4 billion to fraud last year, the FTC reports. This was the No. 1 scam

FOX 47

BALTIMORE — Out of the 3 million consumer complaints submitted to the Federal Trade Commission in 2018, imposter scams took the top spot.

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03/01/2019

When Synthetic IDs Are As Good As The Real Thing

PYMNTS.com

.It’s no secret that digital criminals are becoming more sophisticated.

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02/28/2019

Top Fraud of 2018

Federal Trade Commission

Every year, millions of you tell us – and our partners – about the frauds you spotted.

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02/28/2019

Booter Boss Interviewed in 2014 Pleads Guilty

Krebs on Security

A 20-year-old Illinois man has pleaded guilty to running multiple DDoS-for-hire services that launched millions of attacks over several years.

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02/27/2019

The payments industry is falling behind fast-acting fraudsters

PaymentsSource

Financial institutions, retailers and mobile wallet providers struggle to keep up with changing fraud patterns.

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02/27/2019

Pompano Beach warned nearly 4,000 residents of data breach

SunSentinel

A data breach at a company that handles the billing for municipal water service has Pompano Beach city officials working to minimize the potential damage.

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02/27/2019

The mobile point of sale wave presents a distinct fraud risk

PaymentsSource

As more mobile point of sale devices come into use, security and fraud experts caution that these tools carry their own set of data safety and payment fraud concerns, in addition to the challenges that all business face when accepting with card payments.

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02/27/2019

Shift Away from Passwords; the Search for the New Standard of Account Protection

Banking Exchange

Usernames and passwords have been the gold standard of online security for as long as most people can remember.

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02/27/2019

Jamie Dimon Doesn’t Rule Out Consumer Payments Via JPM Coin

PYMNTS.com

Jamie Dimon, the CEO of JPMorgan Chase, said the bank’s new cryptocurrency, JPM Coin, could one day be used by consumers, according to CNBC.

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02/26/2019

Vulnerability Management and Patch Management Are Not the Same

The State of Security

Vulnerability management and patch management are not products. They are processes, and the products are tools used to enable the process. You cannot buy a hammer, nails and wood and expect them to just become a house, but you can go through the process of building the house or hire someone to do it for you as a service.

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02/25/2019

Payroll Provider Gives Extortionists a Payday

Krebs on Security

Payroll software provider Apex Human Capital Management suffered a ransomware attack this week that severed payroll management services for hundreds of the company’s customers for nearly three days.

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02/25/2019

Telephone Scams: Your Credit Card was Used in Fraudulent Activities

The State of Security

Everyone by now should have heard about the telephone scams involving a caller who claims that they are from the CRA (Canada Revenue Agency) or the IRS (Internal Revenue Service).

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02/25/2019

Direct Deposits Fuel Green Dot’s Payment Volume and Revenue Growth

Digital Transactions

Green Dot Corp.’s diversification from a pure prepaid card management company into banking and other financial-services niches is driving direct deposits into its card accounts and spurring revenue-generating payment volume, according to the company’s latest financial report.

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02/25/2019

Scammers go after international students’ money

Federal Trade Commission

We try to let you know when we learn about new scams, so you can avoid them and warn your friends and family

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02/22/2019

Proposed Bill Would Strengthen California’s Data Breach Notification Law

The State of Security

A new bill would strengthen California’s data breach notification law by expanding businesses’ obligations to inform their customers in the event of a security incident.

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02/21/2019

Breaking Down Organizational Silos To Break Fraud

PYMNTS.com

The fight against fraud really kicks in with customer onboarding — but that is only the first step, of course. Enhancing the customer experience, and keeping the customer and business secure through the entire relationship, is an increasingly complex and vital job, thanks to regulatory and competitive pressures.

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02/21/2019

Robocalls and phone scams are all the rage in 2019

TCPalm

You're in the shower. The phone rings. Your husband is out of town and you've been waiting for his call. You push through the curtain, your hair full of shampoo, you grab the phone and blurt out, "Hello?"

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02/18/2019

The U.S. is About to Hit Facebook With a Multi-Billion Dollar Fine

Futurism.

Facebook’s sketchy history with users’ privacy rights is finally starting to catch up with it.

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02/18/2019

Separating Transactions From Authentication — And Authentication From The Internet

PYMNTS.com

Nine months in, and the European Union’s General Data Protection Regulation (GDPR) is gathering steam, with fines accruing. Google’s $57 million fine on data protection violations, levied in January, stands as one recent example of what can happen when companies run afoul of its mandates.

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02/18/2019

BBB Tip of the Week: BBB sees more phony agency calls

The Spokesman-Review

Better Business Bureau is seeing an increasing number of scammers hiding behind fake phone personas to trick consumers.

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02/18/2019

A Deep Dive on the Recent Widespread DNS Hijacking Attacks

Krebs on Security

The U.S. government — along with a number of leading security companies — recently warned about a series of highly complex and widespread attacks that allowed suspected Iranian hackers to siphon huge volumes of email passwords and other sensitive data from multiple governments and private companies.

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02/13/2019

Where cybersecurity legislation 'goes to die' in Congress

Politico

Wisconsin Republican Sen. Ron Johnson leads the committee with broad oversight over the nation’s most important cybersecurity issues, including protecting consumers and U.S. elections from hackers.

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02/13/2019

Cybersecurity Documentation: The Best Defense Is a Good Offense

The State of Security

Most people do not regard their cybersecurity and privacy documentation as a proactive security measure.

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02/13/2019

Patch Tuesday, February 2019 Edition

Krebs on Security

Microsoft on Tuesday issued a bevy of patches to correct at least 70 distinct security vulnerabilities in Windows and software designed to interact with various flavors of the operating system.

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02/13/2019

High Severity RunC Vulnerability Exposes Docker And Kubernetes Hosts

The State of Security

Often claimed as a worst-case scenario, a container breakout vulnerability has been discovered in RunC, the universal container runtime used by Docker, Kubernetes and other containerization systems.

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02/13/2019

Romance scams will cost you

Federal Trade Commission

Because we can't say it enough.....It’s Valentine’s Day and love is in the air. You may think you spend a lot on flowers or chocolate, but losing money in a romance scam would cost you even more.

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02/12/2019

Comptroller of the Currency Supports CFPB Proposed Rule on Short-Term Small-Dollar Lending

Office of the Comptroller of the Currency

WASHINGTON—Comptroller of the Currency Joseph Otting today issued the following statement supporting Director Kathy Kraninger and the Consumer Financial Protection Bureau’s proposed rule rescinding requirements that lenders make certain underwriting determinations before issuing short-term small-dollar loans.

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02/12/2019

Many Consumers Report P2P Funds Availability Takes a Day or More

Digital Transactions

Speed is a key selling point for person-to-person payments, but many P2P users aren’t taking advantage of real-time payment capabilities offered by their providers, according research firm Aite Group LLC.

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02/12/2019

FIS sued for $50 million for alleged fraud, conspiracy

bizjournals.com

Jacksonville-based Fidelity National Information Systems Inc. (NYSE: FIS) has been accused of defrauding a client and a California regulator as well as orchestrating a conspiracy to conceal its behavior.

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02/12/2019

How Face ID Can Power End-To-End Verification

PYMNTS.com

Go back a generation or two and imagine the construction of the Gateway Arch — the sleek, shiny monument to westward expansion that stands along the west side of the Mississippi River in St. Louis (which just underwent an extensive update and makeover to its grounds and museum).

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02/11/2019

Phishers Leveraging Google Translate to Target Google and Facebook Users

The State of Security

Phishers are leveraging Google Translate in their attempts to steal the login credentials for users’ Google and Facebook accounts.

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02/11/2019

The State of Faster Payments: 'Early Innings"

PYMNTS.com

The “state” of — well, anything — refers to its condition, the attributes and even the state of “mind” that denotes where we are at any given time on an endeavor. Might the state of faster payments be described as “conflicted?”

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02/11/2019

Supply Chain Security – Sex Appeal, Pain Avoidance and Allies

The State of Security

Every security professional and every privacy professional understands that supply chain security is as important as in-house security

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02/11/2019

Red Envelopes, Fortnite And The Rise Of Micro Money Laundering

PYMNTS.com

One of the main differences between a successful criminal and a wanna-be is that the smart one knows how to hide (often in plain sight), and use methods that often seem more mundane than dramatic — despite what Hollywood has trained us to believe over the last century or so.

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02/08/2019

FTC halts another phantom debt collection scheme

Federal Trade Commission

Getting a call about a debt you don’t owe – or even recognize – can be annoying. It can be downright scary when the caller claims to be a lawyer and threatens legal action if you don’t pay.

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02/08/2019

Data breach can leave 24 million vulnerable to home title fraud - protect yourself now

Komando

A terrifying data breach recently exposed 24 million people to title fraud. If you have a mortgage on your home, or are refinancing or have a home equity line of credit (a HELOC), you could be a victim of this fraud, and you might not realize it until it’s too late.

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02/08/2019

Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions

Krebs on Security

A highly targeted, malware-laced phishing campaign landed in the inboxes of multiple credit unions last week.

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02/04/2019

Introducing Zombie POODLE and GOLDENDOODLE

The State of Security

I’m excited to announce that I will be presenting at this year’s Black Hat Asia about my research into detecting and exploiting CBC padding oracles!

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02/04/2019

Crooks Continue to Exploit GoDaddy Hole

Krebs on Security

Godaddy.com, the world’s largest domain name registrar, recently addressed an authentication weakness that cybercriminals were using to blast out spam through legitimate, dormant domains.

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02/03/2019

Venmo And Zelle’s P2P Battle Royale

PYMNTS.com

The fourth quarter of 2018 was kind to Venmo and Zelle, the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal, the owner of Venmo, against the banks that operate Zelle. The numbers tell a story of ongoing growth and more consumer acceptance.

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02/03/2019

Employees report 23,000 phishing incidents annually, costing $4.3 million to investigate

helpnetsecurity.com

Account takeover-based (ATO) attacks now comprise 20 percent of advanced email attacks, according to Agari’s Q1 2019 Email Fraud & Identity Deception Trends report.

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02/01/2019

5 Types of Fraudulent Schemes That Can Occur in eCommerce in 2019

esellercafe.com

As the popularity and trust of people in eCommerce stores is increasing day by day, the cases of fraudulent activities have also elevated in parallel.

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02/01/2019

Tax Day is Coming: How to Guard Yourself Against Tax Identity Theft

Nextadvisor Blog

Accountants and IRS agents, rejoice: tax season is upon us.

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01/31/2019

Two indicted in unrelated financial cases

Hawaii Tribune Herald

A Hilo grand jury on Jan. 23 indicted two individuals in unrelated cases for alleged financial crimes.

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01/31/2019

Can AI help banks thwart elder abuse?

American Banker

Banks are stepping up their efforts to detect and deter financial elder abuse in response to a rise in such crime, and artificial intelligence software could become part of the solution.

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01/30/2019

Here's why thieves have more incentive to steal your tax refund this year, how to stop them

indystar.com

With the federal government shutdown ending, it's full speed ahead into tax season

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01/30/2019

New YouTube Scam Targets Victims with Identity Fraud

TECH.co

Influencers and content creators on YouTube are big business, commanding millions in branding deals and attracting legions of devoted fans.

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01/30/2019

Malware: Three Industry Problems and How to Solve Them

The State of Security

In the last few years, organizations have been subject to extortion through ransomware.

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01/30/2019

Visa, NFL To Collaborate On First Cashless Super Bowl

PYMNTS.com

Visa and the National Football League (NFL), partners since 1995, will extend their collaboration through 2025 and work together to make a cashless Super Bowl a reality one day, Visa said in a release.

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01/30/2019

Judge Denies Approval of $50M Settlement to Yahoo Data Breach Lawsuit

The State of Security

A federal judge has denied the approval of a proposed $50 million settlement to a class action lawsuit over a data breach at Yahoo.

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01/28/2019

Crypto’s $2.5 Million Daily Fraud Problem

PYMNTS.com

The big bitcoin and crypto breach events are well-known news items.

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01/28/2019

Who Will Lead The US To Real-Time Ubiquity By 2020?

PYMNTS.com

It’s expected that more than 56 real-time payment rails will be live by 2020, and the U.S. is hoping to attain real-time payments ubiquity by that point. The demand for faster payments is strong in the U.S., but not all financial players agree on how to achieve it.

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01/28/2019

ACH Payments Have Lowest Fraud Rate, Fed Survey Finds

NACHA

Payments fraud “remains rare” in the U.S., with ACH payments having the lowest fraud rate by value, a new Federal Reserve study found.

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01/25/2019

Web Hosting Security Best Practices

The State of Security

If you’ve been online recently, you may have read the news about hackers demanding a ransom from Dublin’s tram system.

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01/23/2019

How the U.S. Govt. Shutdown Harms Security

Krebs on Security

The ongoing partial U.S. federal government shutdown is having a tangible, negative impact on cybercrime investigations, according to interviews with federal law enforcement investigators and a report issued this week by a group representing the interests of FBI agents.

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01/22/2019

No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

The State of Security

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google, which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

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01/22/2019

Adware Installers Disguised as Cracks Installing STOP Ransomware

The State of Security

STOP ransomware is using adware installers disguised as cracks as a new method of distributing itself to unsuspecting users.

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01/18/2019

How to Avoid Government Shutdown Scams

Consumer Reports

Fraudsters are taking advantage of furloughed workers and others

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01/18/2019

The PCI Council Unveils Its New Software Security Standards

Digital Transactions

The PCI Security Standards Council on Wednesday published its new software security standards and said the existing standard will be retired in 2022.

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01/17/2019

Stole $24 Million But Still Can’t Keep a Friend

Krebs on Security

Unsettling new claims have emerged about Nicholas Truglia, a 21-year-old Manhattan resident accused of hijacking cell phone accounts to steal tens of millions of dollars in cryptocurrencies from victims.

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01/17/2019

Woman charged, man wanted in identity theft ring spanning Twin Cities metro

Fox 9 MN

(FOX 9) - Authorities are investigating a string of mail thefts and identity thefts that span the Twin Cities metro, putting many at risk.

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01/17/2019

Nearly 800 Million Email Addresses Exposed in “Collection #1” Data Breach

The State of Security

A data breach known as “Collection #1” exposed approximately 800 million email addresses as well as tens of millions of passwords.

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01/17/2019

Fiserv’s Planned Acquisition of First Data Raises Questions About the Debit Market’s Future

Digital Transactions

The proposed merger of Fiserv Inc. and mega-processor First Data Corp. has huge implications for many parts of the payments industry. But the deal, if consummated as planned, could have an especially large effect on the U.S. debit card market.

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01/17/2019

FBI records, emails, Social Security numbers exposed in massive data leak, security experts say

Fox News

A massive data leak has been discovered at the Oklahoma Securities Commission, in which millions of records -- including files related to sensitive FBI investigations over the last seven years, emails dating back 17 years and thousands of Social Security numbers -- have been exposed.

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01/15/2019

Courts Hand Down Hard Jail Time for DDoS

Krebs on Security

Seldom do people responsible for launching crippling cyberattacks face justice, but increasingly courts around the world are making examples of the few who do get busted for such crimes

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01/11/2019

Jury duty scammer caught in the act by Plymouth police

KARE11

A man calling Bill Pucel with a fake jury duty story was surprised when Bill answered - along with a Plymouth police officer.

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01/11/2019

How Cybercriminals Are Getting Initial Access into Your System

The State of Security

This article covers the main techniques cybercriminals use at the initial stage of attacks against enterprise networks.

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01/11/2019

Neiman Marcus to Pay $1.5 Million under Data Breach Settlement

The State of Security

Neiman Marcus Group, Inc. has agreed to pay $1.5 million as part of a settlement for an earlier data breach that exposed customers’ information.

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01/11/2019

Secret Service: Theft Rings Turn to Fuze Cards

Krebs on Security

Street thieves who specialize in cashing out stolen credit and debit cards increasingly are hedging their chances of getting caught carrying multiple counterfeit cards by relying on Fuze Cards, a smartcard technology that allows users to store dozens of cards on a single device, the U.S. Secret Service warns.

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01/09/2019

Faster Payments, Open Banking Should Keep Treasurers On High Alert

PYMNTS.com

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch.

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01/09/2019

AML enforcement needs more whistleblowers

American Banker

In recent weeks, major anti-money-laundering enforcement actions have highlighted the critical role of whistleblowers in government efforts to curb illegal movement of funds.

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01/09/2019

Dirt-Cheap, Legit, Windows Software: Pick Two

Krebs on Security

Buying heavily discounted, popular software from second-hand sources online has always been something of an iffy security proposition.

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01/09/2019

Google Drive Has a Serious Spam Problem, But Google Says a Fix is Coming

How-to-Geek

Google Drive has a pretty bad spam problem, and it seems Google doesn’t care. Spammers can share files that automatically appear in your Drive, and there’s no way to stop it.

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01/04/2019

Apple Phone Phishing Scams Getting Better

Krebs on Security

A new phone-based phishing scam that spoofs Apple Inc. is likely to fool quite a few people.

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01/04/2019

How To Fight Online Fraud: Ruin Cybercrime’s ROI

PYMNTS.com

Let’s get a few things straight, a couple of points that might go against what every payments and commerce professional knows, but which will be important for the rest of the story.

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01/03/2019

Cloud Hosting Provider DataResolution.net Battling Christmas Eve Ransomware Attack

Krebs on Security

Cloud hosting provider Dataresolution.net is struggling to bring its systems back online after suffering a ransomware infestation on Christmas Eve, KrebsOnSecurity has learned.

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01/03/2019

Don’t Get Caught in a SMiShing Scam

The State of Security

The word ‘SMiShing’ may sound like gibberish — we think it’s a weird one — but some of the world’s largest enterprises are losing millions of dollars to these scams every year.

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01/03/2019

5 Cybersecurity Steps You Should Already Be Taking

The State of Security

There’s nothing more impactful than a proactive cybersecurity strategy.

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01/02/2019

Scam alert for 2019: ‘Shimming’ is the new skimming

WDAM 7

RICHMOND, VA (WWBT) - In the new year, there’s a new worry about the way thieves are getting their hands on other people’s money.

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01/02/2019

Minnesota's new child ID theft protection law trumped by federal law

MN 5 Eyewitness News

One of the new state laws that goes into effect Jan. 1 is a measure aimed at protecting kids from identity theft.

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01/02/2019

Deploying Blockchain and Smart Contract based Solutions

The State of Security

As discussed before, the blockchain-based solution is built to provide strong integrity and independent verifiability.

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12/27/2018

Big Breaches Breed Bad Bots

PaymentsJournal

According to Breach Level Index (breachlevelindex.com), more than six million data records are stolen each day

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12/27/2018

Doxxing: What It Is How You Can Avoid It

The State of Security

Doxxing means publishing private information about someone online to harass or intimidate them. It has ruined reputations and caused untold distress to hundreds of people. On occasion, doxxing has resulted in injury or even death.

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12/26/2018

Crypto Scam Victims Unlikely To Get Their Money Back

PYMNTS.com

The Securities and Exchange Commission (SEC) and various state regulators have been investigating more than 90 cryptocurrency cases in which investors lost money.

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12/26/2018

What A Cashless Society Could Mean For The Future

Forbes

With the growth of contactless payment systems, the spread of mobile technology and the establishment of Open Banking catalyzing faster development of digital payment infrastructure, use of cash is slowing.

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12/26/2018

Go Phish! What do thieves get from stealing our data?

Security Boulevard

If black hats were sharks, then our emails would be a school of innocent, unsuspecting guppies nonchalantly drifting along. For black hats or malicious hackers, getting into the average person’s email is as challenging as overeating at a buffet.

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12/26/2018

US Banks Shun Money Transmittal

PYMNTS.com

.U.S. banks are keeping their distance from money transmitters sending cash to Mexico, as worries about money laundering and increased regulatory scrutiny ensue.

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12/20/2018

Caribou Coffee says its customers' card information was possibly exposed in data breach

Fox 9 News, Minneapolis, MN

Caribou Coffee announced a data security breach Thursday that may have exposed its customers’ payment card information.

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12/20/2018

How to Apply the Risk Management Framework (RMF)

The State of Security

The Risk Management Framework (RMF) is most commonly associated with the NIST SP 800-37 guide for “Applying the Risk Management Framework to Federal Information Systems: A Security Life Cycle Approach,” which has been available for FISMA compliance since 2004.

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12/20/2018

Microsoft Issues Emergency Fix for IE Zero Day

Krebs on Security

Microsoft today released an emergency software patch to plug a critical security hole in its Internet Explorer (IE) Web browser that attackers are already using to break into Windows computers.

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12/20/2018

We Need To Talk About Mule Fraud

Forbes

Fraud is becoming increasingly diverse and complex. In our digital age, criminals are using technology to their advantage and are adapting to the current prevention's in place.

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12/20/2018

HACKERS ACCESSED NASA SERVERS CONTAINING EMPLOYEE INFORMATION

Futurism

A troubling email landed in the inboxes of all NASA employees on Tuesday.

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12/20/2018

Square Resumes Its Pursuit of a Bank Charter

Digital Transactions

After a lull of more than five months, merchant processor Square Inc. is resuming its attempt to obtain a bank charter.

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12/20/2018

Click2Gov Payment Application for Municipalities Cited in 47 Data Breaches

Digital Transactions

Click2Gov, a software application popular among municipalities for processing online payments of utility bills and fees, has been compromised in 46 U.S. cities and one Canadian location, according to an analysis released this week by Gemini Advisory.

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12/18/2018

To Successfully Fight Fraud Stop Believing These 4 Myths

PaymentsJournal

If we’ve learned anything from the hacks and breaches in 2018 (think Facebook, Under Armour and Adidas — to name a few) it’s that the business world still struggles to keep up with fraudsters who are exploiting new surface areas and the latest tools to block them.

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12/18/2018

Grand Island woman loses thousands in survey fraud

Fox NE

A Grand Island woman was scammed out of $5,000 in what appeared to be a survey company.

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12/18/2018

Breaches are getting larger, and traditional network security isn’t enough

Pay Think

Dell’s recent security breach heightens the risk and complexity for data risk management.

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12/17/2018

Office 365 Phishing Attack Using Fake Non-Delivery Notifications

The State of Security

A new phishing attack is using fake non-delivery notifications in an attempt to steal users’ Microsoft Office 365 credentials.

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12/14/2018

Examiners Will Be Focusing on Your Institution’s Riskiest Areas. Do You Know What They Are?

NContracts

In the FFIEC Press Release, dated 11/27/2018, the Federal Financial Institutions Examination Council (FFIEC) provided a more formal idea of what a “risk-based exam” looks like and the factors that will help define the scope of the exam in its second update of the Exam Modernization Project released late last month.

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12/14/2018

Spammed Bomb Threat Hoax Demands Bitcoin

Krebs on Security

A new email extortion scam is making the rounds, threatening that someone has planted bombs within the recipient’s building that will be detonated unless a hefty bitcoin ransom is paid by the end of the business day.

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12/14/2018

Fraudsters are Getting More Sophisticated. That’s Bad News for Banks!

Banking Exchange

About 94 percent of financial services companies have experienced fraud.

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12/14/2018

Save the Children Federation Tricked Into Sending $1 Million to Scammers

The State of Security

Scammers tricked Save the Children Federation, a well-known U.S. charity, into sending them approximately one million dollars.

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12/14/2018

Are the new Robinhood checking and savings products FDIC or SIPC insured?

USA Today

Fintech investing platform Robinhood has introduced new checking and savings products that earn 3 percent, much more than what traditional banks offer and higher than online banks. Robinhood charges no fees and requires no minimum balance.

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