The world of text message scams marked an unwelcome milestone last month. On a single day in September, Americans reported a record 330,000 scam messages related to unpaid toll fees. That’s according to a report late Tuesday (Oct. 15) by the Wall Street Journal (WSJ),...
Government agencies in the United States and the United Kingdom are targeting cybercriminal networks in Southeast Asia. These cybercriminal networks were responsible for online scams targeting citizens of the U.S. and allied nations, and for laundering stolen funds, the Treasury Department said in a Tuesday...
Eight auto insurance companies will pay a collective total of $19 million in penalties to New York State for alleged violations of the Department of Financial Services’ cybersecurity regulation. The DFS announced the penalties in a Tuesday (Oct. 14) press release, saying that all the...
Salesforce reportedly told customers Tuesday (Oct. 7) that it won’t pay a ransom demanded by a hacking group that threatened to publish client data it claims to have stolen. The company won’t negotiate or pay any extortion demand, Bloomberg reported Tuesday, citing a Salesforce email...
A hacking group reportedly claims to have stolen 1 billion records from cloud databases hosted by Salesforce and is attempting to extort Salesforce and the companies to which that data belongs. The group published a data leak site on the dark web and is using...
Oracle is reportedly investigating hacks of some customers’ E-Business Suite applications after hackers who said they were affiliated with a ransomware group claimed to have breached the applications. The hackers demanded ransoms, in one case $50 million, from the large organizations they contacted, Bloomberg reported Thursday...
Watch more: Need to Know: Entersekt, Mzu Rusi When it comes to fraud, banks have traditionally built their defenses around the obvious exits. Wire transfers, ACH, peer-to-peer (P2P) payments and other ways money leaves the institution are the red flags that fraud prevention teams obsess...
Cisco released software updates Wednesday (Sept. 24) that address a vulnerability that could leave affected devices open to denial of service (DoS) and remote code execution attacks. The vulnerability, and the updates, are related to the Simple Network Management Protocol (SNMP) subsystem of Cisco IOS...
Watch more: Digital Shift: Entersekt, Steve Bledsoe Real-time payments thrill consumers and businesses with immediate fund transfers, but that same speed attracts fraudsters. Banks eager to meet customer expectations must rethink defenses because scams, particularly authorized push payment (APP) fraud, are spreading and pressure is...