Security News

Raytheon techie who took home radar secrets gets 18 months in the clink in surprise time fraud probe twist
2020-07-24 10:16

Uncle Sam said Serageldin copied as many as 31,000 pages of classified documents and took them home using a portable Western Digital hard drive, hardware he denied owning. Interestingly, the case did not begin with a focus on Serageldin's retention of confidential information, but rather on time card fraud.

Phishing is the leading type of COVID-19 fraud
2020-07-22 15:06

TransUnion surveyed consumers in six countries and found that phishing was the preferred method of attack 27% of the time. Credit agency TransUnion has found that COVID-19 related scams have targeted 32% of people around the world, and phishing is the method of choice, accounting for 27% of those attacks.

21-Year-Old Cypriot Hacker Extradited to U.S. Over Fraud and Extortion Charges
2020-07-20 05:43

The United States Department of Justice has extradited two criminals from the Republic of Cyprus-one is a computer hacker suspected of cyber intrusions and extortion, and the other is a money launderer with known connections to the terrorist organization Hezbollah. Both suspects-Joshua Polloso Epifaniou, 21, a resident of Nicosia, and Ghassan Diab, 37, a citizen of Lebanon-were arrested earlier last year and extradited to the United States last weekend.

21-Year-Old Cypriot Hacker Extradited to U.S. Over Fraud and Extortion Charges
2020-07-20 05:43

The United States Department of Justice has extradited two criminals from the Republic of Cyprus-one is a computer hacker suspected of cyber intrusions and extortion, and the other is a money launderer with known connections to the terrorist organization Hezbollah. Both suspects-Joshua Polloso Epifaniou, 21, a resident of Nicosia, and Ghassan Diab, 37, a citizen of Lebanon-were arrested earlier last year and extradited to the United States last weekend.

Secret Service Creates Cyber Fraud Task Forces
2020-07-13 16:01

The U.S. Secret Service has created the Cyber Fraud Task Forces, aimed at preventing, detecting and mitigating complex cyber-enabled financial crime - including making arrests and convictions. The Electronic Crimes Task Forces and the Financial Crimes Task Forces, the division said in a recent media statement.

U.S. Secret Service Creates Cyber Fraud Task Force
2020-07-13 14:15

The United States Secret Service has announced the launch of a Cyber Fraud Task Force, created through the merger of the Electronic Crimes Task Forces and Financial Crimes Task Forces. "The creation of the new Cyber Fraud Task Force, will offer a specialized cadre of agents and analysts, trained in the latest analytical techniques and equipped with the most cutting-edge technologies. Together with our partners, the CFTFs stand ready to combat the full range of cyber-enabled financial crimes," Michael D'Ambrosio, Assistant Director, U.S. Secret Service, commented.

Joker billing fraud malware eluded Google Play security to infect Android devices
2020-07-09 14:36

Always a thorn in Google's side, the Joker malware arrived as a new variant a few months ago and evaded Google Play Protect to infect legitimate apps and sign people up to premium services. Check Point researchers disclosed its findings to Google, which removed 11 identified apps from Google Play by April 30, 2020.

NewDay selects RSA Adaptive Authentication for eCommerce to protect digital payments from fraud
2020-07-07 00:00

RSA announces that NewDay has selected and deployed RSA Adaptive Authentication for eCommerce to deliver advanced fraud protection for digital payments and address the requirements of the EMV 3-D Secure protocol. RSA Adaptive Authentication for eCommerce helps card issuers and payments processors prevent more than 95 percent of fraud in card-not-present e-commerce transactions and provide a frictionless authentication and shopping experience for cardholders.

Nigerian Man Charged With Cyber Fraud Against US Companies
2020-07-06 12:01

A Nigerian national appeared in federal court in Chicago Friday accused of orchestrating an international cyber fraud scheme that federal prosecutors say defrauded U.S. businesses in six states out of tens of millions of dollars. He appeared in court Friday morning to face a charge of conspiracy to commit wire fraud.

200% increase in invoice and payment fraud BEC attacks
2020-06-30 05:00

There has been a 200 percent increase in BEC attacks focused on invoice or payment fraud from April to May 2020, according to Abnormal Security. According to the report, invoice and payment fraud attacks increased more than 75 percent in the first three months of 2020.