The good news is we may finally be witnessing the end of credit card fraud. The bad news, however, is that the online fraudsters and cybercriminals have moved on from poaching plastic to something even bigger: identity theft. The shift comes at a time in...
The U.S. Department of Justice (DOJ) is prioritizing investigations into ransomware, Reuters reported. This follows the Colonial Pipeline hack, which jeopardized gasoline transport for several days, along with other cyberattacks that have caused damage. John Carlin, principle associate deputy attorney general at the DOJ, told...
Growing instances of bitcoin being used to demand ransom payments suggest that the best-known cryptocurrency is gaining popularity among cyber criminals. From pipelines to meat processors, reports of bad actors seeking to disrupt supply chains and transportation hubs are on the rise, along with demand...
The Massachusetts Steamship Authority, which operates ferries serving the summer hot spots Martha’s Vineyard, Nantucket and Cape Cod, announced on Twitter Wednesday (June 2) that it was the target of ransomware that, among other effects, limited the authority’s ability to process electronic payments. A tweet...
Ransomware attacks threatening in recent weeks to interfere with the way Americans heat their homes, drive their cars and eat are among factors prompting business leaders to call for a vigorous government response against the attackers, The Wall Street Journal (WSJ) reported. Kevin Mandia, CEO...
With a never-ending parade of bad news about data breaches, cybercrimes, ransomware schemes and a purported army of digital criminals ready to unleash their next nefarious plan, merchants could easily feel as though they were under constant assault. However, without minimizing the cost and breadth...
JBS USA, the world’s largest meat processor, was the victim of a cyberattack that the Greeley, Colorado company called “organized,” which affected its IT systems in North America and Australia. When the infiltration was detected on Sunday (May 30), the company “took immediate action,” suspending...
U.S. lawmakers have opened an investigation into FinTechs Kabbage and BlueVine, along with their partner banks, for their role in the distribution of billions of dollars in COVID relief money to small businesses. The House Select Subcommittee on the Coronavirus Crisis wants Kabbage and BlueVine...
Microsoft said this week that the group behind the cyberattacks on SolarWinds customers last year has turned its focus on government agencies, think tanks and NGOs. Nobelium this week targeted roughly 3,000 email accounts at more than 150 different organizations across 24 countries, with at...
