Official: Puerto Rico Govt Loses $2.6M in Phishing Scam
The finance director of the island’s Industrial Development Company, Rubén Rivera, said in a complaint filed to police Wednesday that the agency sent the money to a fraudulent account. Rivera said the government agency transferred the money on Jan. 17 after receiving an email that alleged a change to a banking account tied to remittance…
Coronavirus-Themed Emails Deliver Malware, Phishing, Scams
The new coronavirus outbreak, which started in China, has made a lot of headlines recently and has caused global panic. Over 40,000 infections have been confirmed and the death toll has exceeded 1,000. The virus has been named 2019-nCoV and Covid-19. Given the virus’s impact, it’s not surprising that cybercriminals and fraudsters have been leveraging…
Phishers impersonate WHO, exploit coronavirus-related anxiety
Media outlets are reporting daily on the coronavirus outbreak in Wuhan and the emergency repatriation of foreign citizens that found themselves in the thick of it. As cases of the virus infection keep popping up across the world – demonstrating just how small (i.e., well-connected) our planet is – so do fake news and videos…
Emotet can spread to poorly secured Wi-Fi networks and computers on them
Here’s yet another reason to secure Wi-Fi networks and Windows user accounts with a strong enough password: researchers have spotted and analyzed a variant of the Emotet Trojan that is able to spread to nearby wireless networks and compromise computers on them. Emotet: An old threat Emotet is one of the most versatile malware threats…
Fraud prevents a third of businesses from expanding digital capabilities
Kount released a new research report on digital innovation and emerging fraud, which found that the most innovative businesses are also the ones facing the greatest fraud threats. The report, conducted by Javelin Research, surveyed hundreds of respondents across the retail, restaurant, insurance, and financial industries and revealed more than 40% of businesses say fraud…
7 signs your cybersecurity is doomed to fail in 2020
While most enterprises have come to terms with the fact that a security incident is not a factor of “if,” but rather “when,” many are still struggling to translate this into the right security architecture and mindset. FireEye’s Cyber Trendscape 2020 report found that the majority (51%) of organizations do not believe they are ready…
Hackers go phishing for the holidays
It’s that time of year again. Everyone’s busy – at work and at home. That includes cybercriminals, too. In fact, the holiday season is when busy, distracted people tend to be especially vulnerable to phishing attacks. Just one click on a phishing link in a realistic-looking email or package shipment notice from even the savviest…
Hacking and malware cause 75% of all data breaches in the financial services industry
Only 6% of all breaches in 2019 were suffered by financial services firms, according to Bitglass. However, these breaches compromised significantly more records than those that occurred in other industries. Leaked records and data breaches in the financial services industry In total, more than 60% of all leaked records in 2019 were exposed by financial…
The holiday season: A cybercriminal’s winter wonderland
It’s the most wonderful time of the year – for cybercriminals that is. With increased online sales, major commercial holidays like Black Friday and Cyber Monday present plenty of cyberthreats for both companies and consumers. Aware of the uptick in traffic around the holidays, cybercriminals are waiting to strike. Last year’s Cyber Monday deals raked…
Nearly half of consumers worry about being tricked by fraudsters this holiday season
There has been a 29% increase in suspected online retail fraud during the start of the 2019 holiday shopping season compared to the same period in 2018, and a 60% increase in suspected e-commerce fraud during the same period from 2017 to 2019, according to iovation. The findings are based on the online retail transactions…
