Fraud Attack

Fraud Attack
How An HSBC Teller Stopped A $500 Million Bank Heist
October 04, 2018

What did you do for your employer and/or coworkers today? Arrive an hour or two early to get a jump on a big project? Meh. Bring donuts for the entire office? Such a hero. Identify a potential new revenue stream? Amateur. No matter the significance...

Fraud Attack
Hacker Attack Exploits Security Hole In Token Exchange
September 18, 2018

A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.” According to a report in The Next Web, hackers flooded the exchange with “one billion fake EOS.” EOS refers...

Fraud Attack
North Korean Hackers Paid Using A Bitcoin Wallet
September 17, 2018

The alleged North Korean hacking of Sony, Bangladesh Banks and other targets stand as some of the most infamous cyberattacks yet experienced. And the recently unsealed criminal complaint against the accused perpetrator offers some clues about the payments flow related to those felonies. In a...

Fraud Attack
Google Weeds Out Tech Support Scam Artists
September 04, 2018

Google is trying to stop scammers who advertise fake technical support on its platform. According to a report in the Wall Street Journal, citing an investigation by the paper that found criminals were using Google’s ad platform to buy search ads that purported to be...

Fraud Attack
Home Buyers, Tricked By Business Email Scams, Lose Six-Figure Sums
September 04, 2018

A scam targeting homeowners is leaving some without the downpayment for their closing on the day the loan is to be signed. CNBC highlighted two victims who lost six-figure sums in what is known as a business email compromise scam, with one losing the home...

Fraud Attack
Mexican Banking Exec Still Worried About Cyberattacks
May 31, 2018

The immediate danger has passed – but the threat is still there. That was the message on Wednesday (May 30) from Alejandro Diaz de Leon Carrillo, governor of the Bank of Mexico. According to Reuters, he said that “no further cyberattacks on banks had been...

Fraud Attack
Ransomware Attack Cost City Of Atlanta Over $2M
April 24, 2018

Last month, Atlanta’s city government was the victim of a ransomware attack that wound up costing it more than $2 million. According to Engadget, while the ransom demand was about $51,000, the city spent a small fortune trying to correct the situation. Firms Secureworks and...

Fraud Attack
Former SunTrust Employee Tried To Steal Data On 1.5M Clients
April 20, 2018

SunTrust Banks has revealed that a former employee tried to download information on nearly 1.5 million clients and share it with a criminal third party. According to news from Reuters, Chief Executive Officer William Rogers announced the incident during an earnings call with analysts on Friday...

Fraud Attack
US And UK Blame Russia For NotPetya Virus
April 17, 2018

The United States and Britain have accused Russia of releasing a cyberattack that impacted computers around the world and could be used to launch offensive attacks. According to Reuters, the attack was launched on computer routers, firewalls and other networking equipment used by government agencies,...