The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has helped recover more than $1.1 billion over the last seven years for the victims of financial crimes, the agency said in a statement Friday (Feb. 11). FinCEN says its rapid response program (RRP) “helps victims...
An estimated 500 eCommerce websites were infiltrated by MageCart attackers, who seemingly installed credit digital card skimmers to lift users’ personal data, including card numbers, email addresses, phone numbers and more. MageCart is a blanket term to define rival cyber gangs that troll eCommerce sites...
These days, banks, businesses, government entities and individuals are at constant risk of digital fraud. Its volume and costs continue to expand, even as more oversight agencies are formed and security and risk management teams enact rules designed to prevent it. The rate of suspected...
Online romance scams happen all year round, but with Valentine’s Day less than a week away, even the smartest people looking for love could get swept up into the digital arms of today’s modern Don Juan and gold-digging opportunists. A study by Scottish TSB Bank,...
Thirty percent of chief financial officers are responsible for their organization’s IT departments, but that doesn’t mean finance departments and IT operations are always working hand-in-hand. This disconnect between departments presents a weakness cybercriminals can exploit, making it important for both IT and finance teams...
Increasing incidents of fraud against online shoppers and digital banking newcomers across Britain since the start of the COVID-19 pandemic is “a national security threat” that requires government-backed action, banking industry lobby group UK Finance said, according to a Reuters report Wednesday (Sept. 22). Criminals...
California officials have frozen about 350,000 unemployment debit cards over purported fraud, according to an AP report on Monday (Oct. 26). The alleged deception was likely limited to federal Pandemic Unemployment Assistance (PUA) claims. Across one week in August, California processed over 400,000 PUA claims,...
Brazilian bank accounts are being hit by a new malware, called Vizom by IBM, that makes use of familiar overlay attack tactics to hijack devices in real time, according to a report by ZDNet. Disguising itself as a commonly used video conferencing tool, Vizom spreads through...
Reports of a hacker-for-hire group dubbed “Dark Basin,” which has targeted journalists, advocacy groups and elected officials, are rocketing around the world. The India-based Dark Basin has been exposed by Citizen Lab, which is an “interdisciplinary laboratory” that is part of the University of Toronto’s Munk...
