Recent Security News
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US detains suspects behind $80 million ‘pig butchering’ scheme
December 14, 2023 at 02:54PM Four suspects, including residents of California and Illinois, have been charged by the U.S. Department of Justice in a pig butchering fraud scheme, leading to over $80 million in losses for victims. They are accused of money laundering and operating shell companies to launder profits from cryptocurrency scams, ultimately siphoning…
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Ten new Android banking trojans targeted 985 bank apps in 2023
December 14, 2023 at 02:47PM In 2023, ten new Android banking malware families emerged, targeting 985 bank and fintech/trading apps across 61 countries. Specific trends include automated transfer systems, social engineering, live screen-sharing, and offering the malware as a subscription. Notably, trojans are expanding beyond banking to target social media, messaging, and personal data. Staying…
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Communicating with Impact: Tips for Discussing Cybersecurity Metrics with Boards
December 14, 2023 at 02:06PM CISOs are tasked with evaluating and reporting on cybersecurity’s impact on the business. They need to identify relevant metrics that provide insight into risk management, threat landscape, and control effectiveness. Presenting cybersecurity metrics in the context of business risk and aligning them with emerging risks and regulatory changes is crucial…
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Microsoft disrupts cybercrime gang behind 750 million fraudulent accounts
December 14, 2023 at 01:34PM Microsoft’s Digital Crimes Unit seized multiple domains used by a Vietnam-based cybercrime group, Storm-1152, which was involved in selling over 750 million fraudulent accounts. The group provided services to bypass various verification challenges and supplied accounts to other cybercriminal groups for use in ransomware and phishing attacks. Microsoft filed a…