Security News
Group-IB has published new information on the operation today, reporting that Classiscam has made $64.5 million in combined earnings from scamming users of classifieds sites and stealing their money and payment card details. The number of targeted brands has also grown from 169 brands last year to 251 this year, and there are now 393 criminal gangs targeting users in 79 countries, coordinating in one of the operation's 1,366 Telegram channels.
A previously undocumented Android banking trojan dubbed MMRat has been observed targeting mobile users in Southeast Asia since late June 2023 to remotely commandeer the devices and perform financial fraud. "The malware, named after its distinctive package name com.mm.user, can capture user input and screen content, and can also remotely control victim devices through various techniques, enabling its operators to carry out bank fraud on the victim's device," Trend Micro said.
Ecommerce platforms are incorporating sophisticated fraud detection measures, but fraudsters, too, are refining their strategies. In this Help Net Security interview, Eduardo Mônaco, CEO at ClearSale, explains the complexities of ecommerce fraud, discussing the evolution of fraudster tactics, the effectiveness of social footprint analysis in confirming identity, the balance between fraud prevention and customer experience, and techniques to address more advanced fraud types.
The ongoing banking and economic turmoil has opened the floodgates to fraudsters. In this Help Net Security video, ex-British Intelligence officer Alex Beavan, Head of Ethics and Anti-Corruption...
Ukrainian cops have disrupted a massive bot farm with more than 100 operators allegedly spreading fake news about the Russian invasion, leaking personal information belonging to Ukrainian citizens, and instigating fraud schemes. "The Cyber Police established that the attackers used special equipment and software to register thousands of bot accounts in various social networks and subsequently launch advertisements that violated the norms and legislation of Ukraine," according to machine translation of the news alert issued by the police.
In this Help Net Security video, Greg Woolf, CEO at FiVerity, discusses how the emergence of sophisticated fraud tools powered by AI and recent upheavals in the banking sector have forged an ideal environment for financial fraud. This complex scenario presents considerable obstacles for financial establishments to defend themselves efficiently.
Have you ever heard of browser fingerprinting? You should! It's an online user identification technique that collects information about a visitor's web browser and its configuration preferences to associate individual browsing sessions with a single website visitor. Browser fingerprinting identifies every user's unique visitor ID associated with their sessions, even if they're days or weeks apart.
Capita, which is still dealing with a digital break-in that exposed customers' data to criminals, has scored a £50 million contract with the City of London police to run contact and engagement services for the force's fraud reporting service. The work will see Capita provide an "End-to-end customer management process" to potential victims of fraud when they contract the service.
In Germany alone, forced verification grew by 1500% as a proportion of all fraud cases, from 0.3% in the full year 2022 to 5% of all fraud in Q1 2023. In Great Britain and Europe, as well as in North America, the proportion of deepfakes among all fraud cases grew considerably from 2022 to Q1 2023.
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