As banks and investment firms move more operations into cloud-based identity platforms, collaboration suites and SaaS ecosystems, attackers are no longer trying to breach the network. They’re logging in. A campaign update shared Thursday (Aug. 6) by Google’s Threat Intelligence Group showed attackers from the...
The White House has launched a website (fraud.gov) that tracks the actions taken by its fraud task force and the dollar amounts recovered through those actions. “The White House Task Force to Eliminate Fraud is moving to shut off the money, crush criminal networks and...
A voice phishing (vishing) campaign targeting financial services, private equity and professional services firms has adopted some new techniques since May, Google Threat Intelligence Group (GTIG) said in a Thursday (Aug. 6) blog post. The campaign, which is being conducted by threat actor UNC6671 under several extortion brands, pursues compromises that lead to...
Every fraudulent customs declaration can eventually become a financial transaction. And as investigators connect invoices, ownership records and money flows across global supply chains, that is a connection that’s becoming more consequential for the financial institutions facilitating and underwriting global commerce. The U.S. Department of...
Watch more: Need to Know With Quantifind’s Ari Tuchman An atomic physicist goes looking for the molecule that can reveal a buried land mine before someone steps on it. Years later, he is helping banks find the fraudster hiding inside a chain of legitimate-looking people,...
The payments industry’s brightest minds have built some of cybersecurity’s most sophisticated defenses around the moment money moves. But artificial intelligence is now forcing it to look further upstream. Visa, for example, said Monday (Aug. 3) that it agreed to acquire behavioral-intelligence provider BioCatch for...
Bitcoin hardware wallets were supposed to protect digital assets without the need for users to trust an exchange, bank or other intermediary. When a hardware wallet is initialized, it generates a recovery seed that ultimately controls the assets held by the wallet. That seed key...
Efforts by American retailers to prevent shoplifting appear to be paying off. That’s according to new research from the National Retail Federation (NRF), which finds external theft and fraud cases on the rise, even as the average number of shoplifting and merchandise theft cases declined...
A 5-year-old security vulnerability has reportedly allowed attackers to steal nearly $89 million in bitcoin. As CoinDesk reported Sunday (Aug. 2), the vulnerability in a 2021 firmware release for the Coldcard hardware wallet permitted the hackers — or possibly a single hacker — to siphon...