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...
Three U.S. universities have been the victims of ransomware attacks in the past week, according to Cointelegraph. The information comes from a ransomware gang, boasting that they successfully attacked the University of California San Francisco on June 3, the most recent attack. Before that, the...
As the coronavirus pandemic continues to roil the U.S. and the U.K., a wave of new cyberattacks appears to be taking advantage of the situation in both countries, according to a Reuters report. According to a joint study published Wednesday (April 8) by the U.S....
Cybersecurity insurance company Chubb, which provides aid to companies affected by data breaches, has been hit by one itself, according to a report by TechCrunch. The company said it was looking into a “security incident” that involved unauthorized access with a third-party company. Jeffrey Zack,...
Hackers identified as being part of Magecart Group 8 attacked NutriBullet’s website multiple times during the last few months, according to new RiskIQ research released on Wednesday (March 18). The group injected malicious credit card-skimming malware on the blender maker’s payment pages and swiped personal...
