Troy Leach of the PCI Security Standards Council discusses how the shift to card-not-present transactions during the COVID-19 pandemic has created new fraud-fighting challenges and offers an update on pending standards revisions.
The Gamaredon hacking group is now using a new set of malicious tools to compromise Microsoft Outlook as a way of sending spear-phishing emails to victims' contact lists, according to security firm ESET. This hacking group, which appears to have ties to Russia, has primarily targeted Ukraine for years.
The FBI is warning that cybercriminals and fraudsters are increasingly targeting mobile banking apps with malware in order to steal credentials and conduct account takeover attacks. The shift to mobile banking has increased since the COVID-19 pandemic.
The shift to working from home during the COVID-19 pandemic has led to an increase in mobile phishing campaigns, with attackers targeting remote workers whose devices lack adequate security protections, according to the security firm Lookout. Many of these campaigns are designed to steal users' banking credentials.
A New York City man is facing federal charges after FBI agents arrested him at John F. Kennedy Airport with a PC allegedly containing thousands of stolen credit card numbers. Prosecutors also believe the suspect used bitcoin to launder illicit funds.
The FBI has arrested another alleged member of the FIN7 cybercrime gang, which has been stealing millions of payment cards and other financial data since at least September 2015. It's the fourth arrest of those tied to the group.
Anubis, one of the most potent Android botnets, apparently is getting a refresh a year after its source code was leaked, security researchers say. The changes could help fraudsters more closely monitor activity on hacked devices.
The latest edition of the ISMG Security Report analyzes the many challenges involved in developing and implementing contact-tracing apps to help in the battle against COVID-19. Also featured: A discussion of emerging privacy issues and a report on why account takeover fraud losses are growing.
Five suspected members of the InfinityBlack hacking group have been arrested, and authorities in Europe say they've seized two databases with more than 170 million entries, including combinations of stolen usernames and passwords.
A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB. The campaign, which targets Office 365 users, appears to trace to attackers operating from Nigeria and South Africa.