October 15, 2024 at 01:06PM New variants of the TrickMo Android banking trojan now include features to steal unlock patterns or PINs, allowing attacks even when devices are locked. These versions also improve evasion tactics and target a wide range of applications. Mobile banking malware attacks have increased by 29% from June 2023 to April … Read more
October 15, 2024 at 11:54AM North Korean hackers are using a Linux variant of FASTCash malware to steal funds via compromised payment switches, facilitating unauthorized ATM withdrawals. The malware intercepts transaction messages to approve fraudulent transactions of 12,000 to 30,000 Lira. This highlights vulnerabilities in Linux server detection capabilities. **Meeting Takeaways: Financial Fraud / Linux … Read more
October 14, 2024 at 06:21PM North Korean hackers are deploying a new Linux variant of FASTCash malware, targeting payment switch systems at financial institutions for unauthorized cash withdrawals. This variant, first noted in June 2023, manipulates transaction messages to bypass declines, facilitating thefts akin to previous FASTCash operations since 2016. **Meeting Takeaways:** 1. **New Threat … Read more
October 3, 2024 at 08:39AM British-Nigerian men Oludayo Kolawole John Adeagbo, 45, and Donald Ikenna Echeazu, 42, have been sentenced for email fraud schemes in the US, earning millions. Adeagbo was sentenced to seven years for affecting Texas and North Carolina organizations, while Echeazu received 18 months. Their scams involved construction projects and local government … Read more
October 3, 2024 at 06:39AM INTERPOL announced the arrest of eight individuals in Côte d’Ivoire and Nigeria as part of Operation Contender 2.0 to tackle cyber-enabled crimes in West Africa. The campaign targeted phishing and romance scams, resulting in financial losses of over $1.4 million. The importance of continued international cooperation in combating cybercrime was … Read more
September 30, 2024 at 10:48PM The U.S. Department of Justice has charged a U.K. national, Robert Westbrook, with executing a fraudulent scheme that allowed him to gain unauthorized access to corporate executives’ Microsoft 365 accounts, enabling him to generate millions in profits through securities fraud. Westbrook could face up to 20 years in prison and … Read more
September 18, 2024 at 02:04PM Two threat groups are using QR code parking scams in the UK and globally, affecting users who scan the malicious codes, resulting in potential financial fraud and a parking ticket. The scams have spread to Canada and the US, with tourists being targeted in various UK locations. Businesses are urged … Read more
September 17, 2024 at 03:46AM Cryptocurrency exchange Binance warns of a global threat targeting cryptocurrency users with clipper malware to facilitate financial fraud. The malware monitors clipboard activity to steal sensitive data and replace cryptocurrency addresses with the attacker’s. Binance advises caution and taking steps to prevent further fraudulent transactions. Blockchain analytics firm Chainalysis reports … Read more
September 12, 2024 at 01:12PM Bank customers in Central Asia are under threat from a new Android malware named Ajina.Banker, aimed at stealing financial information and thwarting two-factor authentication. The malware is distributed through Telegram channels and targets countries such as Armenia, Azerbaijan, and Russia. The attackers use localized promotions and themed messages to maximize … Read more
September 9, 2024 at 12:10PM Around 1.7 million people will receive a letter from Florida-based Slim CD following the detection of an intrusion dating back nearly a year. The company, providing payment processing solutions, acknowledged potential compromise of credit card data, names, and addresses. While no misuse has been detected, the company initiated investigations and … Read more