Latest News

06/26/2022

Meet the Administrators of the RSOCKS Proxy Botnet

Krebs on Security

Authorities in the United States, Germany, the Netherlands and the U.K. last week said they dismantled the “RSOCKS” botnet, a collection of millions of hacked devices that were sold as “proxies” to cybercriminals looking for ways to route their malicious traffic through someone else’s computer.

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06/26/2022

Credit union fraud scheme, Greenfield man charged with 87 counts

Fox 6 Now

MOUNT PLEASANT, Wis. - A Greenfield man is charged with 87 total counts – including more than 30 that are fraud-related.

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06/26/2022

Eight Charged in $7 Million Loan Fraud Scheme

The United States Department of Justice

Eight defendants were charged in the Eastern District of Pennsylvania today with scheming to fraudulently obtain more than $7 million in Paycheck Protection Program (PPP) loans, Economic Injury Disaster Loans (EIDL), and pre-pandemic Small Business Administration (SBA) loans.

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06/26/2022

How to Catch a Cyberthief

PYMNTS.com

It’s a scary fact, but anti-fraud experts agree that cybertheft rings are now well-funded multinationals with revenue goals of their own.

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06/26/2022

Chinese National Pleads Guilty to Cyberstalking, Identity Theft

The United States Attorneys Office District of Minnesota

MINNEAPOLIS – A Chinese national has pleaded guilty to identity theft and cyberstalking involving a Minnesota college student, announced U.S. Attorney Andrew M. Luger.

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06/26/2022

Florida identity theft up 175% since start of pandemic

WESH 2

Throughout the pandemic, as the number of COVID-19 cases went up, the amount of identity theft reports rose too, according to QuoteWizard.

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06/26/2022

Law in the Marketplace: Beware the “bad check” scam

concordmonitor.com

If you’re a lawyer or accountant, a client may request you to deposit in your bank account a check from a customer of your client from which the client wants you to make a payment to the client herself when a client deal closes.

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06/23/2022

Scammers steal $317,000 from Baltimore workers’ compensation program; city able to recover most stolen funds

The Baltimore Sun

Out-of-state scammers stole more than $317,200 from a Baltimore bank account used to pay city employees’ workers’ compensation insurance, the Baltimore inspector general announced Tuesday.

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06/23/2022

Group robs armored truck replenishing Bank of America drive-thru ATM in Calumet City, FBI says

ABC 7 Chicago

CALUMET CITY, Ill. (WLS) -- A group of four people robbed an armored truck at a drive-thru ATM Tuesday in south suburban Calumet City, the FBI said.

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06/23/2022

Bank robber escapes in tractor-trailer, Ark. police say

KFVS 12

MARION, Ark. (WMC) - Police in Marion, Arkansas, are trying to track down a bank robber.

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06/23/2022

Police still searching for woman, getaway driver after south-side bank robbery

KENS 5

Police said an older woman handed the teller a note that said if she didn't give her $20,000, the person she came with would come inside and "shoot everybody."

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06/21/2022

Stolen excavator used in ATM bank robbery early Sunday morning in St. John's

Saltwire

ST. JOHN'S, N.L. — Thieves used a stolen excavator to rob a bank’s automated teller machine in a brazen overnight incident in St. John’s Sunday.

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06/21/2022

Five active ransomware gangs and their tactics (part one)

Cyber Security Hub

Discover some of the most recent cyber attacks carried out by the top cyber criminals active today.

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06/21/2022

Phishing Attacks Broke All Records in the First Quarter of 2022

Digital Information World

Ransomware attacks were the most notorious forms of cyber attacks that were recorded in 2021, but with all of that having been said and now out of the way it is important to note that 2022 is shaping up to be the year of the Phish so to speak.

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06/21/2022

Regina Public Schools systems mostly back online after cyber attack

Leader Post

Most of Regina Public School's online systems are back up and running nearly a month after the division fell victim to a cyber attack that forced it to shut everything down.

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06/21/2022

Identity Theft Is Up 158% in Wyoming, Report Says Read More: Identity Theft Is Up 158% in Wyoming, Report Says

KGAB

According to a new report from QuoteWizard, there has been a 145% increase in identity theft reports since the COVID-19 pandemic began.

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06/21/2022

VIDEO: Police searching for team of 5 who stole 40 ATMs, 2 cars

1010 Wins News

NEW YORK (1010 WINS) -- Police are searching for five unidentified suspects they believe are responsible for breaking into 40 different businesses to steal ATMs over the course of six months.

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06/21/2022

Report: Banks Resist Refunds for Unauthorized Zelle Payments

PYMNTS.com

A slew of regulatory issues and new methods of stealing money from peoples’ bank accounts are changing how banks handle fraud and theft claims, The New York Times reported Monday (June 20).

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06/15/2022

Ransomware Group Debuts Searchable Victim Data

Krebs on Security

Cybercrime groups that specialize in stealing corporate data and demanding a ransom not to publish it have tried countless approaches to shaming their victims into paying.

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06/15/2022

Microsoft Patch Tuesday, June 2022 Edition

Krebs on Security

Microsoft on Tuesday released software updates to fix 60 security vulnerabilities in its Windows operating systems and other software, including a zero-day flaw in all supported Microsoft Office versions on all flavors of Windows that’s seen active exploitation for at least two months now.

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06/14/2022

Hackers Gonna Hack: Cyber Defense Not the Only Way to Shake ‘Em Off

Clearance Jobs

Ransomware attacks against municipalities have steadily increased in recent years, and according to the 2022 Cyber Security Statistics report from PurpleSec, 48 of 50 U.S. states, as well as the District of Columbia, experienced at least one ransomware attack between 2013 and 2018.

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06/14/2022

Suspects on the run after robbing bank patron

WDTN.com

MIAMISBURG, Ohio (WDTN) — Two suspects are on the loose after robbing the patron of a Miamisburg bank Monday morning.

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06/14/2022

“Downthem” DDoS-for-Hire Boss Gets 2 Years in Prison

Krebs on Security

A 33-year-old Illinois man was sentenced to two years in prison today following his conviction last year for operating services that allowed paying customers to launch powerful distributed denial-of-service (DDoS) attacks against hundreds of thousands of Internet users and websites.

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06/12/2022

Las Vegas Tax Preparer Pleads Guilty To Identity Theft And Money Laundering Crimes

The United States Attorney's Office District of Nevanda

LAS VEGAS – A Nevada man pleaded guilty yesterday to aggravated identity theft, wire fraud and money laundering. On March 28, he pleaded guilty to a separate indictment charging him with filing false tax returns with the IRS on behalf of clients, aggravated identity theft, wire fraud and impersonating an FBI agent.

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06/12/2022

Adconion Execs Plead Guilty in Federal Anti-Spam Case

Krebs on Security

At the outset of their federal criminal trial for hijacking vast swaths of Internet addresses for use in large-scale email spam campaigns, three current or former executives at online advertising firm Adconion Direct (now Amobee) have pleaded guilty to lesser misdemeanor charges of fraud and misrepresentation via email.

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06/12/2022

The Makings of a Million-Dollar Facebook Phishing Campaign

Bank Info Security

A massive phishing campaign used stolen credentials to log into Facebook user accounts and send phishing page links leading to the victims' friends to harvest their credentials, say researchers at PIXM, a New York-based cybersecurity firm that focuses on artificial intelligence.

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06/12/2022

10 popular apps that are dangerous for Android and iPhone

Kim Komando

Popularity is a pretty convincing smokescreen. When you hear other people raving about how well an app works, you might download it without a second thought. Unfortunately, tons of popular apps are dangerous for Android and iPhone.

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06/12/2022

Suspect arrested for allegedly passing $350K in bad checks

St. George Utah

ST. GEORGE — A suspect accused of writing $350,000 in bad checks was arrested in Washington City on Thursday and allegedly told police he did so because he was being threatened.

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06/12/2022

More charges filed in nationwide fraud scam targeting elderly victims

The United States Attorney's Office Southern District of Texas

HOUSTON – A 24-year-old Indian citizen has been taken into custody on charges related to a large nationwide conspiracy to commit mail fraud, announced U.S. Attorney Jennifer B. Lowery.

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06/12/2022

FBI busts online black market selling millions of stolen Social Security numbers

BGR.com

US law enforcement officials have shut down a series of websites making $19 million in revenue by selling stolen data.

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06/09/2022

Flagler residents report 'spoofing' scam involving Bunnell Police Department

First Coast News

The caller identifies themselves as the Bunnell Police Department with an arrest warrant and instructs the person to provide credit card information.

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06/09/2022

Job scams are on the rise. Watch out for these red flags

KCRA 3

The strong labor market has given us near-record low unemployment, higher wages -- and an unfortunate uptick in the number of reports of job seekers getting scammed.

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06/09/2022

NEW REPORT: Why Two-Thirds of US Businesses Resist Real-Time Payments Adoption

PYMNTS.com

Real-time payments have become one of the key tools that United States businesses have at their disposal to keep their business-to-business (B2B) operations running smoothly.

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06/08/2022

Cryptocurrency scams and the LGBTQ+ community

FTC

Cryptocurrency is the latest way that scammers are asking people to pay. And that’s important to know, since recent reporting suggests that crypto scams have an outsized impact on the LGBTQ+ community.

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06/07/2022

Cybereason: Paying ransoms leads to more ransomware attacks

TechTarget

Cybereason found that the majority of organizations that pay threat actors to decrypt data are attacked again -- usually within a month and at the hands of the same attackers.

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06/07/2022

New Survey Reveals 83% of Americans Have Received Scam Attempts in 2022

Bakersfield.com

If it seems like you’re receiving more spam than normal, you probably are.

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06/07/2022

More ‘Dirty Dozen’: Tax refund theft and fake charity appeals

Journal of Accountancy

Common ploys by which thieves con taxpayers out of their tax refunds figured among this year's second installment Monday of the IRS's "Dirty Dozen" warnings.

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06/07/2022

Personal Information of Over 30,000 Students Exposed in Unprotected Database

Security Week

The personal information of more than 30,000 students was found on an improperly secured Elasticsearch server, security researchers with SafetyDetectives report.

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06/07/2022

ITRC, LexisNexis Risk Solutions Release Report on Pandemic-Related Identity Fraud; Haywood Talcove Quoted

Executive BIZ

A new report by LexisNexis Risk Solutions and the Identity Theft Resource Center has found that 42 percent of individuals who applied for pandemic-related benefits said they were victims of identity fraud that resulted in them either being denied benefits or being recipients of benefits they had not applied for.

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06/07/2022

Bitcoin Leads Crypto Fraud As FTC Confirms $1 Billion Milestone

Forbes

Victims have lost over $1 billion in cryptocurrency scams between January 2021 and March 2022 according to a report released by the Federal Trade Commission on Friday.

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06/07/2022

FBI warns of fraud scheme targeting South Carolina businesses

Count on News 2

CHARLOTTE, N.C. (WCBD)- The FBI Charlotte Division has issued a warning about a fraud scheme targeting businesses in eight states, including South Carolina.

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06/07/2022

The Clearing House: Digital Dollar Is a Solution in Search of a Problem

PYMNTS.com

The banking industry had its say about the Federal Reserve’s ongoing investigation of a digital dollar last week, and it’s fair to say that it fell somewhere between opposition and outrage.

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06/07/2022

Fake Identity, Real Problem

FRB

As the threat of synthetic identity fraud continues to grow, the Federal Reserve is committed to supporting the payments industry in its fight against this type of fraud.

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06/05/2022

What Counts as “Good Faith Security Research?

Krebs on Security

The U.S. Department of Justice (DOJ) recently revised its policy on charging violations of the Computer Fraud and Abuse Act (CFAA), a 1986 law that remains the primary statute by which federal prosecutors pursue cybercrime cases.

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06/05/2022

Twitter fined $150M for selling user data

Security Boulevard

According to a court complaint filed by the U.S. Department of Justice (DoJ), “While Twitter represented to users that it collected their telephone numbers and email addresses to secure their accounts, Twitter failed to disclose that it also used user contact information to aid advertisers in reaching their preferred audiences.”

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06/05/2022

PYMNTS Intelligence: Leveraging Behavioral Analytics To Counter Identity Fraud

PYMNTS.com

The pandemic has altered day-to-day life in countless ways, driving a digital shift in banking, commerce and countless other services.

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06/05/2022

Scammers pretend to be U.S. Customs and Border Protection

FTC

Has the U.S. Border Patrol called you? No, they haven’t. But a scammer might have. In fact, scammers often pretend to be from government agencies to trick you into sending them money or sharing personal information.

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06/03/2022

Wells Fargo Facing Class-Action Lawsuit Over Alleged Zelle Scams

PYMNTS.com

Wells Fargo and money transfer service Zelle are facing a class-action lawsuit on allegations of violating the Electronic Fund Transfer Act and California’s Unfair Competition Law, according to the legal proceedings filed by Kazerouni Law Group.

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06/02/2022

New Tech Helps Merchants, Banks Beat Back Rising Tide of Friendly Fraud

PYMNTS.com

Sometimes the biggest threats come from the foes who pose as friends, spinning tales that seem legitimate and often urgent. And then comes the realization:

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06/02/2022

Fraud Execs Say ACH and Check Fraud Pose Ongoing FI Threat

PYMNTS.com

Digital payments are quickly becoming the new normal, but there is still a sizable contingent of consumers that prefer cash or paper checks.

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06/02/2022

REPORT: Two-Thirds of US Digital Banking Customers Choose Security Over Convenience

PYMNTS.com

As life becomes more digitally connected, consumers increasingly expect that all online transactions will be highly secure, simple and convenient.

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06/01/2022

Building a More Secure Cloud: 5 Strategies for 2022

The State of Security

Cloud adoption continues to soar. More than two-thirds of small to mid-sized businesses intend to increase their use of cloud technologies over the next few years. While the cloud comes with many security benefits, it also carries unique concerns.

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06/01/2022

Costa Rica May Be Pawn in Conti Ransomware Group’s Bid to Rebrand, Evade Sanctions

Krebs on Security

Costa Rica’s national health service was hacked sometime earlier this morning by a Russian ransomware group known as Hive.

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05/31/2022

Cybercriminals target metaverse investors with phishing scams

CNBC

A nurse in rural Maine. A fitness instructor in Colorado. A venture capitalist in Florida.

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05/31/2022

10 Strategies to Stop Ransomware Attacks

Security Boulevard

A ransomware attack can hold your organization’s data hostage. Attackers demand payment to release the information. Here are some ways to stop ransomware attacks.

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05/31/2022

Scammers are offering student loan (un)forgiveness

FTC

The U.S. Department of Education recently announced another extension of the student loan payment pause.

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05/31/2022

Kidnap Victim Asks for ‘Help Loan’ at Bank, Employees Set Off Silent Alarm

Crime Online

An alert Pennsylvania bank employee helped rescue a kidnapped woman on Wednesday when her captor brought her in to apply for a loan and she asked for a “help loan.”

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05/30/2022

BBB Tips: Job scams

Columbia Daily Tribune

With the Great Resignation showing no signs of slowing down, Better Business Bureau® (BBB®) warns job seekers to use caution when job-hunting online.

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05/30/2022

Lafayette man arrested for stealing checks from mailboxes

KTBS 3

LAFAYETTE, La. (AP) - One man is in custody and more arrests are expected after Lafayette Police say they caught someone stealing as much as $600,000 in checks from U.S. Postal Service drop boxes in the Lafayette area.

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05/30/2022

Phone-to-iPhone Tap to Pay Launches at Apple Stores

PYMNTS.com

Apple will begin rolling out its new Tap to Pay feature for the public, a report said Wednesday (May 25).

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05/27/2022

Today in Crypto: Andreessen Horowitz Debuts $4.5B Crypto Fund; WeWork's Neumann Starts Crypto Credit Climate Firm Flowcarbon

PYMNTS.com

Andreessen Horowitz has set up a new crypto fund, its fourth, which will total $4.5 billion, a company blog said Wednesday (May 25).

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05/27/2022

Phone-to-iPhone Tap to Pay Launches at Apple Stores

PYMNTS.com

Apple will begin rolling out its new Tap to Pay feature for the public, a report said Wednesday (May 25).

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05/25/2022

Why the Cybersecurity Industry Needs to Change Its Siloed Perception

The State of Security

As high-profile data theft incidents continue to rise and become more sophisticated, there is a greater-than-ever need for emerging businesses to take their cybersecurity seriously.

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05/25/2022

Your social media account hasn’t been hacked, it’s been cloned!

The State of Security

A recent Facebook post from a family member made me realize that I needed to write about an overused term.

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05/25/2022

BBB warns college grads to watch out for these scams

News 4 JAX

College graduates are navigating many life changes, and scammers are eager to take advantage of their inexperience. The following tips can help new grads avoid common scams.

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05/25/2022

Sheriff's warning: More stolen mail can mean more ID theft, bank or credit card fraud

CBS 12 News

FORT PIERCE, Fla. (CBS12) — More mail theft complaints have been coming in so a sheriff on the Treasure Coast is warning all victims: It leaves you vulnerable to identity theft, bank or credit card fraud, loss of property and more.

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05/25/2022

FedNow Pilot Brings New Features, Use Cases for Instant Payments in '23 and Beyond

PYMNTS.com

Round-the-clock, real-time payments often are credited to the Venmos and PayPals of the world.

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05/25/2022

FinTechs Get Zero-Fraud Guarantee for Inbound Digital Transfers

PYMNTS.com

Long live the digital transformation — given that it’s secure.

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05/24/2022

5 Steps to a Successful Crypto AML Program

The Block Crypto

As cryptocurrencies become increasingly mainstream, regulators, the media and policymakers are paying more attention to the financial crime risks associated with them.

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05/24/2022

Postal Employee and Son Charged with Conspiracy Involving Stolen Postal Money Orders Worth Over $5 Million

US Attorney's Office Southern District of California

SAN DIEGO – U.S. Postal Service employee Dewayne Morris Sr. and his son and namesake are charged in federal court with multiple felony counts of bank fraud and conspiracy in connection with the theft of $5 million in Postal money order forms.

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05/24/2022

VSP seeking public’s help with identifying check fraud suspect

WHSV 3

HARRISONBURG, Va. (WHSV) - The Virginia State Police Bureau of Criminal Investigation’s Appomattox Field Office is seeking the public’s help with identifying and locating a woman wanted for defrauding banks in Charlottesville, Augusta County and Harrisonburg.

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05/24/2022

FBI Designates 61 Active Shooter Incidents in 2021

FBI

In 2021, the FBI designated 61 shootings as active shooter incidents.

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05/24/2022

Man that turned himself into Wausau Police appears in court

WSAW

WAUSAU, Wis. (WSAW) - The 62-year-old man who turned himself after he was named a person of interest in a bank robbery has appeared in court on unrelated charges.

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05/23/2022

Criminals using deed fraud, identity theft to steal Arizona homes

AZ Family

Debi Gotlieb knew something was wrong when she could not find her late father’s home on the county assessor’s web page.

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05/23/2022

Big tech pushes passwordless for payments

Payments Dive

Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that’s aimed at improving digital identity verification, including for payments.

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05/23/2022

Senators Urge FTC to Probe ID.me Over Selfie Data

Krebs on Security

Some of more tech-savvy Democrats in the U.S. Senate are asking the Federal Trade Commission (FTC) to investigate identity-proofing company ID.me for “deceptive statements” the company and its founder allegedly made over how they handle facial recognition data collected on behalf of the Internal Revenue Service, which until recently required anyone seeking a new IRS account online to provide a live video selfie to ID.me.

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05/23/2022

Visa Using AI to Eliminate Pending Charges

PYMNTS.com

Sometimes, it’s the little things that create the biggest frictions.

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05/23/2022

Watch: 22-year-old sentenced to 40 years in prison for 2019 kidnapping of bank manager and her children

Kenosha News

RACINE — A Milwaukee man who was part of a 2019 bank robbery scheme that involved the kidnapping of a pregnant bank manager from Kenosha and her two children was sentenced to 40 years in prison on Monday in Racine County Circuit Court.

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05/23/2022

ICE HSI Task Force busts $2 million unemployment fraud scheme

ICE

LOS ANGELES — Investigators with Homeland Security Investigations (HSI) led El Camino Real Financial Crimes Task Force arrested five people Tuesday.

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05/23/2022

Mitigating Synthetic Identity Fraud with Technology, Data and Information Sharing

Federal Reserve Bank

The Federal Reserve is working with the industry to identify and mitigate synthetic identity fraud.

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05/23/2022

Drug treatment referral service took advantage of addictions to make a quick buck

FTC

If you or someone you know needs help dealing with a drug or substance addiction, you may turn to companies that say they can connect you with appropriate treatment programs and services.

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05/23/2022

Hang up on imposter scams

FTC

When people encounter scams or bad business practices, they report them to the FTC.

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05/23/2022

Half of Banks Report New Urgency to Offer Embedded Biz Payments Innovation

PYMNTS.com

Modernizing payments is a critical initiative for financial institutions (FIs) and corporations of all sizes.

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05/23/2022

Cyberattacks target New Mexico school districts

KOAT.com

In January, Albuquerque public schools were forced to cancel classes because of a district-wide cyber-attack.

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05/23/2022

Carmel man sentenced for wire fraud

WISHTV.com 8

HAMMOND, Ind. (Inside INdiana Business) — A Carmel man has been sentenced to seven years in prison after being convicted of wire fraud and conspiracy to commit securities fraud.

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05/17/2022

What To Do If Your Travel Or Credit Card Rewards Are Stolen

Forbes Advisor

Data breaches are becoming far too common, but they mainly impact credit cards. While most folks are taking steps to secure their credit card accounts and protect against identity thieves, few are taking the same steps against credit card points theft.

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05/17/2022

Identity fraud: is a digital reshuffle needed as dangers increase?

Biometric Update

The process we call online identity verification involves the storage and use of data from sources such as physical identity documents, like passports, and the documentation of the face, via selfies or videos.

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05/17/2022

When Your Smart ID Card Reader Comes With Malware

Krebs on Security

Millions of U.S. government employees and contractors have been issued a secure smart ID card that enables physical access to buildings and controlled spaces, and provides access to government computer networks and systems at the cardholder’s appropriate security level.

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05/17/2022

Fargo police arrest man suspected of attempting to break into bank with rocks

Valley News Live

FARGO, N.D. (Valley News Live) - A man was arrested Monday after causing thousands of dollars in damages to a Bell Bank in Fargo.

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05/16/2022

SCAM ALERT Urgent warning about $850 relief check scam – how to get your money and avoid theft

The U.S. Sun

MAINE'S attorney general issued a warning to residents about scammers posing as IRS agents to defraud people. The state is sending out more than 850,000 stimulus checks this summer, and scammers are calling Mainers under the guise of gathering info to send out the money.

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05/11/2022

15-Year-Olds Are Reshaping Banking and Credit, and Changes Are on the Way

PYMNTS.com

The Bank of Mom & Dad (BOMD) isn’t just a sitcom line. One analysis found that parents lent their kids a collective $47 billion in 2019, mostly in the form of down payments on first homes

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05/11/2022

Looking for a new job or considering a business opportunity? Spot signs of a possible scam.

FTC

Scammers often target job seekers and prospective entrepreneurs with bogus employment and money-making offers.

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05/11/2022

Orlando couple out nearly $5K after ATM takeover scheme

Orlando 6

Couple says someone cleaned out account with card they never ordered

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05/11/2022

Microsoft Patch Tuesday, May 2022 Edition

Krebs on Security

Microsoft today released updates to fix at least 74 separate security problems in its Windows operating systems and related software. This month’s patch batch includes fixes for seven “critical” flaws, as well as a zero-day vulnerability that affects all supported versions of Windows.

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05/11/2022

Employing Individuals with Criminal Records

SHRM

It is estimated that nearly 80 million people in the U.S. have a criminal record of some sort—over one-third of the adult population. Yet despite the growing need among U.S. employers for workers, applicants with criminal records often face huge obstacles to achieving gainful employment.

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05/11/2022

What's a 'geofence' warrant? Midlothian bank heist case gets national attention

CT Courier Tribune

A Richmond man pleaded guilty in federal court on Monday to robbing a Midlothian bank of $196,932 in a case that tested the constitutionality of a “geofence” warrant that allowed Chesterfield County police to obtain Google location records of 19 cellphones near the bank at the time of the robbery. The defendant’s phone was among them.

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05/09/2022

Watch for an AdvoCare refund by check or PayPal starting May 5

FTC

If you lost money to AdvoCare — a multi-level marketer of energy drinks, shakes, and supplements that allegedly swindled people out of money through a pyramid scheme — we have good news.

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05/09/2022

Shutting down tech support scams

FTC

With technology, it’s easier than ever to connect with others and people are just a click or call away.

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05/08/2022

Waukesha State Bank robbery suspect, who claimed to have a hand grenade, pleads not guilty to allegation

Milwaukee Journal Sentinel

WAUKESHA - A 63-year-old man who authorities say confessed to an April 8 robbery of Waukesha State Bank has nonetheless pleaded not guilty to the charge.

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05/08/2022

TCH: Tokenization Removes Fraud Risk From Account-to-Account Transfers

PYMNTS.com

There’s a fundamental vulnerability within the great digital shift, amid the contactless payments, the digital wallets, the new and mobile ways in which we pay:

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05/08/2022

Your Phone May Soon Replace Many of Your Passwords

Krebs on Security

Apple, Google and Microsoft announced this week they will soon support an approach to authentication that avoids passwords altogether, and instead requires users to merely unlock their smartphones to sign in to websites or online services.

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05/08/2022

Criminals Are Scamming Zelle Users. Here's How to Keep Your Money Safe

CNET

Criminals are using the peer-to-peer payment service to drain bank accounts. Here's how to protect yourself.

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05/08/2022

Researchers say more than 1,500 stolen checks reported per week, part of dark web mail scheme

WSB-TV 2

COBB COUNTY, Ga. — A fraud scheme has postal workers getting robbed at gunpoint and researchers believe some of these criminals were behind a robbery in Smyrna.

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05/06/2022

Kupuna struck by credit card fraud hopes her story will help others avoid falling victim

KITV 4

HONOLULU (KITV4) -- Credit card fraud was the last thing Loretta Arruda of Halawa said she needed to deal with these days.

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05/06/2022

Woman uses ‘romance scam’ to steal nearly $34K from word game app player, police say

Hawaii News Now

GILBERT, Ariz. (Arizona’s Family/Gray News) - Police said a “romance scam” cost a woman nearly $34,000, and an Arizona woman is facing fraud charges as a result.

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05/06/2022

Scam Alert: New job asked you to interview via app? Be careful

Natchitoches Times

Whenever the economy threatens to take a dip, scammers love to bring back the good old employment scams.

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05/06/2022

More Consumers Buying Crypto and Want More Ways to Spend It

PYMNTS.com

If you want insight into how the cryptocurrency business as a whole is doing these days, look at how people are using it.

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05/06/2022

Inside a scam call: Hear how a con artist does his work

WGAL.com

WGAL continues an 8 On Your Side investigation about scammers conning their way into computers and stealing thousands of dollars.

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05/03/2022

Scam alert: BBB warns of new job interview scam involving messaging app, personal information

WAZ.com

(Gray News) - The Better Business Bureau says scammers love to bring back an employment scam whenever the economy threatens to take a dip.

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05/03/2022

Russia to Rent Tech-Savvy Prisoners to Corporate IT?

Krebs on Security

Faced with a brain drain of smart people fleeing the country following its invasion of Ukraine, the Russian Federation is floating a new strategy to address a worsening shortage of qualified information technology experts: Forcing tech-savvy people within the nation’s prison population to perform low-cost IT work for domestic companies.

Details >
05/03/2022

Brazil Central Bank OKs Singapore's Shopee App as Payment Services Provider

PYMNTS.com

Shopee, the Singaporean shopping app, has gotten authorization from the central bank in Brazil to operate as a payment institution, Reuters reported Monday (May 2).

Details >
05/03/2022

TCH: Tokenization Removes Fraud Risk From Account-to-Account Transfers

PYMNTS.com

There’s a fundamental vulnerability within the great digital shift, amid the contactless payments, the digital wallets, the new and mobile ways in which we pay:

Details >
05/03/2022

Compliance does not equal security: 7 cybersecurity experts share their insights

The State of Security

It is often stated that security is hard. Whether it is the people, processes, and technology, or any combination of the three, security is a never ending challenge.

Details >
05/03/2022

May The Fourth Be with You: Jedi Mind Tricks and Scams

The State of Security

Over the past few years, I’ve used Star Wars Day as a way to talk about two of my favourite things – Star Wars and cybersecurity.

Details >
04/28/2022

DDoS attacks at an all-time-high in Q1 2022, says Kaspersky

The Register

Kaspersky has released a report showing Distributed Denial of Service (DDoS) attacks hit an all-time-high in the first quarter of 2022.

Details >
04/28/2022

Coca-Cola probes pro-Kremlin gang's claims of 161GB data theft

The Register

Coca-Cola confirmed it's probing a possible network intrusion after the Stormous cybercrime gang claimed it stole 161GB of data from the beverage giant.

Details >
04/27/2022

The New Way Banks, FinTechs Are Fighting Financial Crime

PYMNTS.com

Financial institutions’ (FIs’) efforts to meet regulatory compliance standards have become more complicated in the digital age. The acceleration of payments technology has amplified risk and the danger of an ineffectual anti-money laundering (AML) and anti-fraud strategy.

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04/26/2022

Former Co-Owner Of Vikings Pleads Guilty To Providing Shadow Banking Services To Cryptocurrency Exchanges

U.S. Attorney's Office Southern District of New York

Damian Williams, the United States Attorney for the Southern District of New York, announced that earlier today, REGINALD FOWLER pled guilty to bank fraud, bank fraud conspiracy, operation of an unlicensed money transmitting business, conspiracy to operate an unlicensed money transmitting business, and wire fraud.

Details >
04/26/2022

Mastercard, Microsoft Debut Next-Gen ID Tech for Safer Online Shopping

PYMNTS.com

Mastercard and Microsoft Corp. have launched a refreshed identity solution designed to improve online shopping and detect digital fraud, the companies announced Monday (April 25).

Details >
04/25/2022

T-Mobile Breached Again; Lapsus$ Behind the Attack

Gov Info Security

The U.S. telecom carrier T-Mobile has confirmed that the Lapsus$ ransomware group has breached its internal network by compromising employee accounts, according to multiple media reports. But, it says, hackers did not steal any sensitive customer or government information during the incident.

Details >
04/24/2022

Leaked Chats Show LAPSUS$ Stole T-Mobile Source Code

Krebs on Security

KrebsOnSecurity recently reviewed a copy of the private chat messages between members of the LAPSUS$ cybercrime group in the week leading up to the arrest of its most active members last month.

Details >
04/24/2022

Organized Crime Gangs Earn Big Bucks in Shift to Fraud

AARP

Gangs around the globe fuel billion-dollar underground economy

Details >
04/24/2022

Synthetic identity fraud – the bad guys are now creating identities instead of stealing them

KSL.com

SALT LAKE CITY — Identity theft remains one of the top financial crimes in the world, but now, crooks have figured out a new fraud by combining both real and fake personal information to create a new identity.

Details >
04/24/2022

Plainville man convicted in check-kiting scheme that cost banks millions

Hays Post

TOPEKA — A federal jury convicted a Plainville man of 31 counts of bank fraud, one count of making a false statement in connection with a Small Business Administration guaranteed loan, and one count of making a false statement in a loan or credit card application.

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04/20/2022

Three Sioux Falls Men Charged for Roles in Bank Fraud & Money Laundering Conspiracies

US Attorney's Office District of South Dakota

United States Attorney Dennis R. Holmes announced today that three men from Sioux Falls, South Dakota, have been indicted by a federal grand jury for their roles in bank fraud and money laundering conspiracies.

Details >
04/20/2022

Cyber Security Education Firm Aware Force Reports on Most Dangerous Phishing E-mails and Texts Cyber Thieves Sent in Q1 2022

Businesswire

Infected USB drives, bogus Ukraine relief, identity theft and other lures were used to rip off unsuspecting victims.

Details >
04/19/2022

Cyber Security Education Firm Aware Force Reports on Most Dangerous Phishing E-mails and Texts Cyber Thieves Sent in Q1 2022

Businesswire

Infected USB drives, bogus Ukraine relief, identity theft and other lures were used to rip off unsuspecting victims.

Details >
04/19/2022

Recent Mobile Payment Trends And How They Are Shaping The Future

HackRead

Consumers, retailers, banks, and payment processors form a complicated network in today’s payment processing environment.

Details >
04/18/2022

Conti’s Ransomware Toll on the Healthcare Industry

Krebs on Security

Conti — one of the most ruthless and successful Russian ransomware groups — publicly declared during the height of the COVID-19 pandemic that it would refrain from targeting healthcare providers.

Details >
04/18/2022

Watch Out For These IRS and Tax Scams in 2022

Snopes.com

Tax scammers have always targeted our hopes and fears — and the COVID-19 pandemic has given them more ammunition than usual.

Details >
04/18/2022

Report Finds Identity Fraud Up 167% In USPS Change Of Address Requests

Nextgov.com

The USPS Office of the Inspector General recommends stricter identity verification controls online, while management disagrees.

Details >
04/17/2022

Russian hacker charged in East Texas on 30 counts of identity theft, wire fraud

ketk.com

TYLER, Texas (KETK) – A Russian hacker has been indicted in East Texas federal court on thirty counts, ranging from wire fraud to identity theft.

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04/17/2022

Justice Department: Addiction Treatment Facility Owner Convicted in $58 Million Health Care Fraud Scheme

Insurance News Net

WASHINGTON, April 15 -- The U.S. Department of Justice issued the following news release on April 13, 2022:

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04/14/2022

4th person pleads guilty in counterfeit check scheme

SFGATE

PROVIDENCE, R.I. (AP) — A fourth person pleaded guilty Monday to his role in a scheme that recruited homeless people from Rhode Island to cash counterfeit business checks in several New England states in exchange for a small payment, federal prosecutors said.

Details >
04/14/2022

Want to know who stole your identity? Getting your records can help

FTC

Let’s say you learn that an identity thief took out credit in your name, pretending to be you.

Details >
04/12/2022

Actions Target Russian Govt. Botnet, Hydra Dark Market

Krebs on Security

The U.S. Federal Bureau of Investigation (FBI) says it has disrupted a giant botnet built and operated by a Russian government intelligence unit known for launching destructive cyberattacks against energy infrastructure in the United States and Ukraine.

Details >
04/12/2022

‘Modern-day Bonnie and Clyde’ face fraud charges related to mailbox thefts

The United States Attorneys Office ~ Southern District of Georgia

STATESBORO, GA: A man who referred to himself and his girlfriend as a “modern-day Bonnie and Clyde” has been indicted on multiple federal charges for the unlawful use of information gleaned in thefts from mailboxes, while his girlfriend awaits sentencing after admitting to a related charge.

Details >
04/12/2022

RaidForums Gets Raided, Alleged Admin Arrested

Krebs on Security

The U.S. Department of Justice (DOJ) said today it seized the website and user database for RaidForums, an extremely popular English-language cybercrime forum that sold access to more than 10 billion consumer records stolen in some of the world’s largest data breaches since 2015.

Details >
04/12/2022

Thieves Create Makeshift IDs With Synthetic Identity Fraud

Government Technology

According to experts on identity theft, thieves are increasingly using real Social Security numbers with random or fake names to create new identities — otherwise known as synthetic identity fraud.

Details >
04/11/2022

BBB warns of home improvement scams

kait8.com

CAPE GIRARDEAU, Mo. (KFVS) - Think twice before hiring a contractor without reading reviews first

Details >
04/11/2022

Pandemic Relief Fraud: Fake Bank and Business Records Easily Available Online

CPA Practice Advisor

The people who stole taxpayer money did it using bogus documents. And those are easily obtained on websites that are fully functional across the internet.

Details >
04/11/2022

Double-Your-Crypto Scams Share Crypto Scam Host

Krebs on Security

Online scams that try to separate the unwary from their cryptocurrency are a dime a dozen, but a great many seemingly disparate crypto scam websites tend to rely on the same dodgy infrastructure providers to remain online in the face of massive fraud and abuse complaints from their erstwhile customers.

Details >
04/11/2022

Warning: Callers are impersonating FTC Commissioner Noah Phillips

FTC

You’re minding your business and the phone rings. If you don’t screen and ignore it, you answer — and the caller says he’s Commissioner Noah Phillips from the FTC. (He’s not.)

Details >
04/11/2022

Waukesha police arrest bank robber who claimed he had grenade

WISCNEWS

WAUKESHA — Police in Waukesha have arrested a man who allegedly tried to rob a bank Friday by suggesting he was armed with a grenade.

Details >
04/11/2022

Wisconsin man gets prison time after robbing three banks, crashing stolen snowmobile

wearegreenbay.com

(WFRV) – A man from Stoughton was sentenced to prison after he robbed three banks, including one in Tennessee, all within a two-week period.

Details >
04/06/2022

Recent Updates in Two Closely-Watched Cybersecurity and Privacy-Related Securities Fraud Class Actions

JD Supra

Observers have been awaiting decisions in a number of cybersecurity and privacy securities fraud class actions with potentially important implications for corporate liability.

Details >
04/06/2022

The Original APT: Advanced Persistent Teenagers

Krebs on Security

Many organizations are already struggling to combat cybersecurity threats from ransomware purveyors and state-sponsored hacking groups, both of which tend to take days or weeks to pivot from an opportunistic malware infection to a full blown data breach.

Details >
04/04/2022

Hawaii goes online to observe Financial Literacy Month

Victoria Advocate

HONOLULU (AP) — The state Office of the Securities Commissioner is holding a month-long financial education campaign to mark Financial Literacy Month in Hawaii.

Details >
04/04/2022

Honolulu Man Charged in Connection With Series of Incidents on Big Island

Big Island Now - Hawaii

A Honolulu man is being charged in connection with a series of incidents that took place on the Big Island.

Details >
04/04/2022

Fake Emergency Search Warrants Draw Scrutiny from Capitol Hill

Krebs on Security

On Tuesday, KrebsOnSecurity warned that hackers increasingly are using compromised government and police department email accounts to obtain sensitive customer data from mobile providers, ISPs and social media companies.

Details >
04/04/2022

How a fake online romance cost one man almost $300,000

NBC News

“If you think it will never happen to you, you’re wrong," said one fraud expert. "It can and it will."

Details >
03/31/2022

Morgan Stanley Wealth Management accounts breached in ‘vishing’ attacks

SC Media

Earlier this week, Morgan Stanley Wealth Management said cybercriminals broke into accounts using social engineering attacks, according to reports.

Details >
03/31/2022

Account Takeover Fraud Is Getting More Sophisticated. How Can We Beat It?

PaymentsJournal

Fraudsters rapidly evolve their tactics as they look for the path of least resistance.

Details >
03/31/2022

Ukraine neutralises massive cyber attack that paused Internet

Investing.com

Kiev, March 29 (IANS) Ukraine has neutralised a massive cyber-attack on core IT infrastructure that impacted the entire nation.

Details >
03/31/2022

Bank robbers dress as security, make off with about $100,000 on Near West Side

CBS News

CHICAGO (CBS) -- Customers and employees at a Near West Side bank were forced to the floor during a robbery Tuesday afternoon.

Details >
03/29/2022

St. Cloud Bank Hostage Suspect Found Incompetent to Stand Trial

KNSI Radio

(KNSI) – A man accused of holding five hostages during an attempted robbery at a bank in St. Cloud has been found incompetent to stand trial.

Details >
03/29/2022

Mansfield woman issues warning after losing $5,500 in cryptocurrency fraud

5 News Cleveland

MANSFIELD, Ohio — Lois Guthery of Mansfield has lost much of her confidence in trusting anyone after she lost $5,500 in a cryptocurrency-related fraud last month.

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03/29/2022

Suspect arrested in early morning armed robbery

Kelo News

SIOUX FALLS, S.D. (KELO) — Police have arrested a suspect in an early morning armed robbery in Sioux Falls.

Details >
03/29/2022

Hackers Gaining Power of Subpoena Via Fake “Emergency Data Requests”

Krebs on Security

There is a terrifying and highly effective “method” that criminal hackers are now using to harvest sensitive customer data from Internet service providers, phone companies and social media firms.

Details >
03/29/2022

Hackers Gaining Power of Subpoena Via Fake “Emergency Data Requests”

Krebs on Security

There is a terrifying and highly effective “method” that criminal hackers are now using to harvest sensitive customer data from Internet service providers, phone companies and social media firms.

Details >
03/29/2022

Donating with crypto? Watch out for scams.

FTC

You may have heard that the government of Ukraine is receiving donations by cryptocurrency. Unfortunately, scammers have heard this too and they’ve been posting on social media, as well as sending direct messages, to trick people into sending them money.

Details >
03/29/2022

Thinking about investing in cryptocurrency? Here’s how to avoid getting scammed

Hawaii News

HONOLULU (HawaiiNewsNow) - As cryptocurrency grows in popularity, it’s also become a tool for scam artists.

Details >
03/28/2022

Armored truck drivers exchange gunfire with possible robbers at bank in N. Harris Co., sheriff says

Click 2 Houston

HOUSTON, Texas – Operators of a Brinks Armored Truck reportedly exchanged gunfire with three suspects during a robbery attempt at a bank in north Harris County, according to Harris County Sheriff Ed Gonzalez.

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03/28/2022

IRS probe finds nearly $2 billion in coronavirus stimulus-related fraud

The Hill

IRS investigators have uncovered more than $1.8 billion in fraudulent activity related to federal COVID-19 stimulus funds, the agency said Wednesday.

Details >
03/28/2022

Estonian Tied to 13 Ransomware Attacks Gets 66 Months in Prison

Krebs on Security

An Estonian man was sentenced today to more than five years in a U.S. prison for his role in at least 13 ransomware attacks that caused losses of approximately $53 million. Prosecutors say the accused also enjoyed a lengthy career of “cashing out” access to hacked bank accounts worldwide.

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03/28/2022

Early Warning Says a Little ‘Healthy Friction’ Goes a Long Way in Fight Against Fraud

PYMNTS.com

Romance scams. Puppy scams. Peer-to-peer (P2P) fraud. Like COVID-19 variants, the fraudsters and the scammers’ schemes continue to morph and mutate, shifting to fit the digital age.

Details >
03/28/2022

FBI: ‘Razzmatazz Robber’ identified, charged with multiple bank robberies in Phoenix area

AZ Family

PHOENIX (3TV/CBS 5) - A serial bank robber who has a unique name based on a color is now off Valley streets, according to the FBI. Agents say they arrested 41-year-old Andres Murrietta on Wednesday after he robbed the SunWest Credit Union on Gilbert Road near Southern Avenue in Mesa.

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03/28/2022

Biden Urged to Focus ID Theft Order on Pandemic Fraud Crimes (1)

Bloomberg Law

President Joe Biden‘s upcoming anti-identity theft executive order should concentrate on criminal syndicates illegally applying for pandemic unemployment benefits in multiple U.S. states, according to a group focused on breaking down digital barriers to distributing public assistance.

Details >
03/28/2022

What Is Multi-Factor Authentication, and What Does It Have to Do with You?

The State of Security

Security isn’t a simple matter of caring or spending time reading manuals or being told what you can or can’t do. Security is understanding how to view the world from a different perspective: instead of functional does it work, viewing it as how can I break it.

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03/24/2022

A Closer Look at the LAPSUS$ Data Extortion Group

Krebs on Security

Microsoft and identity management platform Okta both this week disclosed breaches involving LAPSUS$, a relatively new cybercrime group that specializes in stealing data from big companies and threatening to publish it unless a ransom demand is paid.

Details >
03/24/2022

Officials urge precaution after some Ohio residents were mailed scam checks

WOWK TV

SOUTH POINT, OH (WOWK) – Some Ohio residents claim to have been receiving fake checks in the mail appearing to be from a company in Pennsylvania, Marano Plumbing.

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03/23/2022

‘Spam Nation’ Villain Vrublevsky Charged With Fraud

Krebs on Security

Pavel Vrublevsky, founder of the Russian payment technology firm ChronoPay and the antagonist in my 2014 book “Spam Nation,” was arrested in Moscow this month and charged with fraud.

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03/23/2022

Kremlin dismisses U.S. warning of potential Russian cyber attacks

Investing.com

(Reuters) - The Kremlin on Tuesday rejected U.S. warnings that it may be preparing to conduct cyber attacks in response to Western sanctions, and said it did not engage in "banditry".

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03/23/2022

Cottage Grove Man Pleads Guilty to Bank Robbery

US Attorney's Office District of Minnesota

Minneapolis – A Cottage Grove man has pleaded guilty today to bank robbery, announced Acting U.S. Attorney Charles J. Kovats.

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03/23/2022

Two Minnesota women were tricked by the same scam on Zelle, here's how you can protect yourself

KARE 11

MINNEAPOLIS — Every person has a passion, and for Addie Elling, it's painting. “I work 40 hours a week and then I come home, and I paint,” Elling says.

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03/22/2022

Woman Charged With Trashing Suburban Target Store

US News

ST. PAUL, Minn. (AP) — Prosecutors have accused a West St. Paul woman of trashing a Target store during an angry outburst.

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03/21/2022

Minneapolis Man Sentenced For Armed Bank Robberies, Firearm Violations Read More: Minneapolis Man Sentenced For Two Armed Bank Robberies | https://krocnews.com/minneapolis-man-sentenced-for-armed-ban

KROC

St. Paul, Minnesota (KROC-AM News) - A Minneapolis man has been sentenced to federal prison for two armed bank robberies in the Twin Cities and multiple firearm violations.

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03/21/2022

Destructive USB Flash Drives Are Being Mailed By Cybercriminals, FBI Warns

Daily Voice - NY

The FBI is warning that USB thumb drives are being mailed by cybercriminals in an attempt to lure recipients into plugging them into their computers and installing ransomware.

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03/21/2022

Gas thieves in Florida accused of hacking pumps to get ‘basically free’ fuel

News 3 Memphis

TAMPA, Fla. (WFLA) – Florida officials arrested four men this week, accusing them of using a device on gas pumps that allowed them to pump fuel for pennies on the dollar.

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03/21/2022

The Clearing House: ACH Paves Way for Real-Time Payments On-Ramp

PYMNTS.com

Checks and card transactions are giving way to electronic payments, done through an automated clearinghouse (ACH).

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03/19/2022

Hackers spotted using CAPTCHAs to dodge email security scanners

ITPro.co.uk

A new phishing campaign has been discovered using CAPTCHA verification tests to bypass email security scanners.

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03/19/2022

Email Threats: Phishing Attacks Find New Ways to Trick Victims

MSSP Alert

Despite major improvements in how organizations can block millions of cyber attacks, email threats are able to break through defenses because hackers are continually morphing them to be more complex and sophisticated, Barracuda said in a new phishing research report.

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03/15/2022

23-year-old man allegedly killed lover, cemented his corpse in a bathtub: Police

KXXV.com

HONOLULU (AP) — A 23-year-old man allegedly killed his 73-year-old lover, tried to make it look like a suicide, poured cement over his body in a bathtub and planned to fraudulently take ownership of his car and home in one of Hawaii’s most exclusive gated communities, police said in court documents filed Friday.

Details >
03/15/2022

Ragnar Locker ransomware – what you need to know

The State of Security

What is this Ragnar Locker thing I’ve heard about? Ragnar Locker is a family of ransomware, which first came to prominence in early 2020 when it became notorious for hitting large organisations, attempting to extort large amounts of cryptocurrency from its victims.

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03/15/2022

Local teacher falls for new scam, uses it as lesson for students

WNYT.com

A scam gaining popularity is targeting people in the Capital Region selling items on marketplace sites.

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03/14/2022

Biden Issues Executive Order to Finally Regulate Cryptocurrency

Futurism

President Joe Biden has issued a first-of-its-kind executive order (EO) to regulate cryptocurrencies. But it’s unclear what exactly will change — if anything at all.

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03/14/2022

Report: Recent 10x Increase in Cyberattacks on Ukraine

Krebs on Security

As their cities suffered more intense bombardment by Russian military forces this week, Ukrainian Internet users came under renewed cyberattacks, with one Internet company providing service there saying they blocked ten times the normal number of phishing and malware attacks targeting Ukrainians.

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03/14/2022

New Debit Rules Pose Security Hoops for Banks — and Enterprises They Serve

PYMNTS.com

“Payments fraud isn’t localized to just one industry or one business — it’s widespread and pervasive. The fraudsters are only getting more creative,” Paramita Bhattacharjee, VP and product line leader at Early Warning Services, LLC told PYMNTS.

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03/14/2022

Thieves using USPS ‘master key’ to steal mail in Leander

KXAN

LEANDER, Texas (KXAN) — Leander residents are at risk for identity theft and mail fraud, KXAN has learned.

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03/14/2022

Fraud and older adults – what’s your story?

FTC

Every year millions of people report fraud, scams, and bad business practices to the FTC.

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03/10/2022

Fraud and older adults – what’s your story?

FTC

Every year millions of people report fraud, scams, and bad business practices to the FTC.

Details >
03/09/2022

Microsoft Patch Tuesday, March 2022 Edition

Krebs on Security

Microsoft on Tuesday released software updates to plug at least 70 security holes in its Windows operating systems and related software.

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03/09/2022

VERT Threat Alert: March 2022 Patch Tuesday Analysis

The State of Security

Today’s VERT Alert addresses Microsoft’s March 2022 Security Updates. VERT is actively working on coverage for these vulnerabilities and expects to ship ASPL-989 on Wednesday, March 9th.

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03/09/2022

Conti Ransomware Group Diaries, Part IV: Cryptocrime

Krebs on Security

Three stories here last week pored over several years’ worth of internal chat records stolen from the Conti ransomware group, the most profitable ransomware gang in operation today.

Details >
03/09/2022

Dollar General Rolls Out Banking Option, Tests BNPL

PYMNTS.com

Dollar General has rolled out new financial services aimed at giving customers new banking options and payment alternatives, the company said in a Tuesday (March 8) news release.

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03/09/2022

Yellen: Biden’s Crypto Executive Order Strikes Innovation-Risk Balance

PYMNTS.com

President Joe Biden’s executive order on cryptocurrencies addresses the balance between innovation and risk while also collaborating with other U.S. agencies and their policies, Treasury Secretary Janet Yellen said in a statement published on the Treasury’s website late Tuesday (March 8).

Details >
03/09/2022

After NVIDIA, Samsung Are The Next Victims Of Data Theft

Latest Hacking News

Samsung emerges as the latest victim of data theft. Reportedly, the same attackers who targeted NVIDIA now claimed to have stolen Samsung’s source code and other confidential information.

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03/09/2022

70% of breached passwords are still in use

Help Net Security

SpyCloud announced a report that examines trends related to exposed data. Researchers identified 1.7 billion exposed credentials, a 15% increase from 2020, and 13.8 billion recaptured Personally Identifiable Information (PII) records obtained from breaches in 2021.

Details >
03/06/2022

Why You Should Never Use a Free Proxy Server?

Latest Hacking News

Some websites can limit their content from audiences in certain geolocations. To overtake the blockage, you might use a proxy server or virtual private network. They process your web request and route them via different servers in the allowed locations.

Details >
03/06/2022

Police: More than 600 checks stolen in massive mail fraud ring; 1 man arrested

Action News WPVI-TV

TREDYFFRIN TOWNSHIP, Pennsylvania (WPVI) -- Tredyffrin Township police have arrested one man and are searching for others in connection with a massive mail fraud ring.

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03/06/2022

Synthetic Identity Fraud Costs Businesses Billions Each Year, Data Shows

PYMNTS.com

While many corporations need to contend with identity fraud, a new version of this problem has arisen recently: synthetic identity fraud.

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03/06/2022

McDonald’s Sued by Ice Cream Hackers for $900 Million

Futurism

It looks like McDonald’s ice cream machines are gonna stay broken for the foreseeable future.

Details >
03/06/2022

How Did NFTs Become SEC’s Newest Crypto Target?

PYMNTS.com

The Securities and Exchange Commission (SEC) is finally taking a harder look at NFTs.

Details >
03/04/2022

Conti Ransomware Group Diaries, Part III: Weaponry

Krebs on Security

Part I of this series examined newly-leaked internal chats from the Conti ransomware group, and how the crime gang dealt with its own internal breaches.

Details >
03/02/2022

Conti Ransomware Group Diaries, Part I: Evasion

Krebs on Security

A Ukrainian security researcher this week leaked several years of internal chat logs and other sensitive data tied to Conti, an aggressive and ruthless Russian cybercrime group that focuses on deploying its ransomware to companies with more than $100 million in annual revenue.

Details >
03/02/2022

Conti Ransomware Group Diaries, Part II: The Office

Krebs on Security

Earlier this week, a Ukrainian security researcher leaked almost two years’ worth of internal chat logs from Conti, one of the more rapacious and ruthless ransomware gangs in operation today.

Details >
03/01/2022

7 Common Scams Targeting Small Businesses

dailybayonet.com

Deceptive operations that seek to defraud valuables or money, scams usually target individuals.

Details >
02/28/2022

Utility Scams Using Mobile Payment Apps Rise 150% From January ’21

PYMNTS.com

Scams targeting users of mobile payment apps such as Cash App, QuickPay, Venmo and Zelle are surging, the Better Business Bureau and Illinois utility Commonwealth Edison warned Thursday (Feb. 24).

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02/28/2022

Russia Sanctions May Spark Escalating Cyber Conflict

Krebs on Security

President Biden joined European leaders this week in enacting economic sanctions against Russia in response to its invasion of Ukraine.

Details >
02/28/2022

Former Dickinson, ND, Resident Sentenced to Federal Prison for Bank Fraud, Aggravated Identity Theft, and Possession of Stolen Mail

US Attorney's Office District of North Dakota

BISMARCK – Interim United States Attorney Nicholas W. Chase announced that U.S. District Court Judge Daniel L. Hovland sentenced Ryan Gregory Lee, Age 43, from Little Elm, Texas, to 4 years in federal prison for the charges of Bank Fraud, 18 U.S.C. §§ 1344 and 1349; Aggravated Identity Theft, 18 U.S.C. §§ 1028A, 1344 and 1349; and Possession of Stolen Mail, 18 U.S.C. § 1708. Judge Hovland also sentenced Lee to 3 years supervised release, a $700 Special Assessment and $3,477.44 in restitution.

Details >
02/28/2022

DeKalb Man Sentenced to 70 Months in Prison for Bank Fraud and Aggravated Identity Theft

US Attorney's Office Central District of Illinois

PEORIA, Ill. – A DeKalb, Illinois, man, Christopher Simmons, 41, of the 800 block of Edgebrook Drive, was sentenced on February 24, 2022, to concurrent terms of 46 months’ imprisonment and five years of supervised release for three counts of bank fraud, and a consecutive term of 24 months’ imprisonment for aggravated identity theft.

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02/28/2022

U.S. banks prepare for cyber attacks after latest Russia sanctions

Investing.com

WASHINGTON (Reuters) - U.S. banks are preparing for retaliatory cyber attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, cyber experts and executives said.

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02/25/2022

Decoding the Cyber Threat

FBI

An Interview with Deputy Assistant Director Tonya Ugoretz

Details >
02/24/2022

Report: Missouri Governor’s Office Responsible for Teacher Data Leak

Krebs on Security

Missouri Governor Mike Parson made headlines last year when he vowed to criminally prosecute a journalist for reporting a security flaw in a state website that exposed personal information of more than 100,000 teachers.

Details >
02/24/2022

IRS: Selfies Now Optional, Biometric Data to Be Deleted

Krebs on Security

The U.S. Internal Revenue Service (IRS) said Monday that taxpayers are no longer required to provide facial scans to create an account online at irs.gov.

Details >
02/24/2022

Manhunt underway after 3 Wells Fargo branches, another bank were robbed in Wake County

ABC 11

RALEIGH, N.C. (WTVD) -- Police officers are trying to hunt down two people connected to a string of four bank robberies Tuesday

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02/24/2022

American consumers lost more than $5.8B to fraud in 2021

The Hill

The Federal Trade Commission received fraud reports from more than 2.8 million consumers in 2021, with the most commonly reported category being imposter scams, followed by online shopping scams.

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02/23/2022

The Fifty Shades Of Fraud In Hollywood

Forbes

Fraud in Hollywood comes in many different shades, ranging from sharp-elbowed but tolerated business practices (the light grey) to outright criminal acts (the black). Here is a summary of the schemes, broken down by the type of scammer:

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02/23/2022

How to Guard Your Gift Cards Against Fraud

NBC 5

Right about now, some of you are working to spend the gift cards you received over the holidays. One North Texas consumer said his brand-new gift cards were unusable.

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02/23/2022

Why ATO Attacks Are Attacks on Your Customers

Security Boulevard

Motivated by the continual surge in eCommerce, which according to UNCTAD has seen unprecedented growth during the COVID-19 pandemic, retailers are scrambling to adapt to a shift in consumer demand and create unique customer experiences that set them apart from the competition.

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02/23/2022

NFT MAN SUES FOR $1 MILLION AFTER HIS PRECIOUS APE IS STOLEN

The Byte

ACCORDING TO THE LAWSUIT, OPENSEA ALREADY KNEW ABOUT THE BUG THAT ALLOWED HACKERS TO STEAL THE NFT.

Details >
02/23/2022

Today in Crypto: Brazilian Lawmakers Move Crypto Transactions Bill Along; UK's Luxury Furniture Retailer Sees Sales Boost From Crypto-Paying Consumers

PYMNTS.com

The Brazilian Senate’s economic affairs committee Tuesday (Feb. 22) approved a bill legitimizing crypto transactions, CoinDesk reported.

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02/21/2022

Brooklyn Park Man Sentenced to Prison for Passing Stolen Tax Refund Check

The U.S. Attorney's Office District of Minnesota

MINNEAPOLIS – A Brooklyn Park man has been sentenced to a year and a day in prison for his role in passing a stolen tax refund check. Acting U.S. Attorney Charles J. Kovats made the announcement after Senior U.S. District Judge Ann D. Montgomery sentenced the defendant.

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02/21/2022

Richmond SPCA doctor hit by fraud at the VEC. Now the clinic could owe thousands

WTVR

RICHMOND, Va. -- The CBS6 Problem Solvers have told you about thousands of Virginians who struggled to get the Virginia Employment Commission to sort out their claims during the pandemic.

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02/21/2022

Identity theft is on the rise. Here are some ways to protect yourself

NPR

NPR's Michel Martin talks to Eva Velasquez, President and CEO of the Identity Theft Resource Center, about the growing threat of SIM swapping.

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02/21/2022

Fake Businesses Emerge as New Front in War on ID Fraud

PYMNTS.com

As digital commerce and payments grow, fraud grows with it. That’s going to get worse before it gets better as merchants and their payments partners decipher the many-faced fraud beast.

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02/18/2022

Mother of 9-year-old shot to death during ATM robbery speaks out: 'I didn't scream loud enough'

ABC 13, Houston

HOUSTON, Texas (KTRK) -- Parents of a 9-year-old girl are demanding justice after she was shot to death in the middle of an armed robbery in southeast Houston.

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02/18/2022

Illinois Link card hacked, women say, leaving them unable to use grocery benefits

ABC 7 News Chicago

CHICAGO (WLS) -- Two Chicago area women said they were unable to buy groceries after fraudsters drained their Illinois Link cards.

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02/18/2022

U.S. government warns that sensitive data is being stolen from defence contractors

The State of Security

The Federal Bureau of Investigation (FBI), Department of Homeland Security Cybersecurity and Infrastructure Security Agency (CISA), and National Security Agency (NSA) have joined forces to publish a joint warning that Russian hackers have targeted defense contractors to steal sensitive data.

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02/17/2022

Red Cross Hack Linked to Iranian Influence Operation?

Krebs on Security

A network intrusion at the International Committee for the Red Cross (ICRC) in January led to the theft of personal information on more than 500,000 people receiving assistance from the group.

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02/17/2022

Omaha woman in hopes of reimbursement after unusual scam of check conversion bank draft

WOWT.com

OMAHA, Neb. (WOWT) - A warning tonight to take a good look at your checking account.

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02/17/2022

New FICO Survey Finds Overconfidence Could Put US Consumers at Risk From Scams

Yahoo Finance

US consumers are more worried about identity theft than scams, with 1 in 4 saying they would switch banks when dissatisfied with the response to a fraud incident

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02/16/2022

Ukraine hit by cyber attack as U.S. questions Russian troop pullback

Investing.com

KYIV/MOSCOW/WASHINGTON (Reuters) - Kyiv appeared to blame Russia for a cyber attack on Tuesday as U.S. President Joe Biden warned that more than 150,000 Russian troops were still amassed near Ukraine's borders after Moscow's announcement of a partial pullback was met with scepticism.

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02/15/2022

Las Vegas IRS agents warn of COVID-related tax scams

News 3 LV

LAS VEGAS (KSNV) — Internal Revenue Service special agents in Las Vegas warn that this year, potential scams related to many COVID-19 relief measures, including stimulus checks, and unemployment benefits, are on the rise.

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02/15/2022

How can open banking get ahead in 2022?

Fintech Futures

Open banking is becoming ingrained in the financial services sector, but obstacles remain.

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02/15/2022

BlackByte Ransomware Hits San Francisco 49ers' IT Systems

Govinfosecurity.com

Days after the Federal Bureau of Investigation and the U.S. Secret Service issued a cybersecurity advisory on the ransomware-as-a-service group BlackByte, the group hit the corporate IT network of the National Football League's San Francisco 49ers team on Sunday.

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02/15/2022

Help the FTC get money back to people who experience impersonator fraud

FTC

To combat government and business impersonation scams and get money back to people, the FTC is considering changes to the law that would give the agency better tools. Want to help? Submit a comment on the rulemaking and make your voice heard.

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02/15/2022

Arrest in California on Hawaii Indictment Charges Investment Fraud of Over $2 Million

The United States Attorneys Office ~ District of Hawaii

HONOLULU – United States Attorney Clare E. Connors and Federal Bureau of Investigation Special Agent in Charge Steven Merrill announced today that Richard Patterson, also known as Xavier Carter, 40, was arrested on February 11 in California pursuant to an indictment in the District of Hawaii. Patterson, Dashawn Hill, 46, and Judy Ramos, 52, all former residents of Hawaii, were charged with Conspiracy and Wire Fraud, and Patterson and Ramos also were charged with money laundering.

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02/15/2022

Exclusive: FBI and DHS warn U.S. officials of possible Russian cyberattacks linked to invasion of Ukraine

Yahoo News

The Federal Bureau of Investigation and the Department of Homeland Security on Monday warned law enforcement, military and others charged with overseeing critical U.S. infrastructure to be prepared for potential Russian cyberattacks in conjunction with a possible invasion of Ukraine.

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02/15/2022

Criminals Increasing SIM Swap Schemes to Steal Millions of Dollars from US Public

FBI

The Federal Bureau of Investigation is issuing this announcement to inform mobile carriers and the public of the increasing use of Subscriber Identity Module (SIM) swapping by criminals to steal money from fiat and virtual currency accounts.

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02/15/2022

Prominent NFT Marketplace Shuts Down Almost All Sales for Fraud

Futurism

A marketplace best known for selling a non-fungible token (NFT) of former Twitter CEO Jack Dorsey’s first tweet has had to “pause” nearly all sales because they were being used to break the law.

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02/14/2022

North Dakota man sentenced to 134 months for conspiracy, robbery

U.S. Immigration and Customs Enforcement

FARGO, N.D. – An eastern North Dakota man was sentenced to more than 11 years in prison for his conspiratorial role in a string of violent robberies.

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02/14/2022

‘This is literally a criminal conspiracy’: Criminals are stealing, editing and depositing mailed checks, leaving a trail of pain across New Orleans

KSLA 12

NEW ORLEANS (WVUE) - A massive check fraud operation is targeting individuals and businesses both in New Orleans and across the country, resulting in millions of dollars lost and the victims left to pick up the pieces.

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02/14/2022

Experts warn that sophisticated ransomware attacks are on the rise around the world, with potentially “devastating” consequences.

Techno Trenz

According to a new report, cyber security experts around the world are warning of a “growing wave” of ransomware attacks.

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02/14/2022

Wazawaka Goes Waka Waka

Krebs on Security

In January, KrebsOnSecurity examined clues left behind by “Wazawaka,” the hacker handle chosen by a major ransomware criminal in the Russian-speaking cybercrime scene. Wazawaka has since “lost his mind” according to his erstwhile colleagues, creating a Twitter account to drop exploit code for a widely-used virtual private networking (VPN) appliance, and publishing bizarre selfie videos taunting security researchers and journalists.

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02/14/2022

Amex Expands Reach Into Financial Services With Digital Checking Accounts

PYMNTS.com

There may be no financial services product quite as universal as the checking account.

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02/14/2022

Behavioral Analytics Takes Center Stage When Fighting Synthetic ID Fraud

PYMNTS.com

Fraudsters are growing bolder in their tactics and targets, and fraud prevention experts struggle to keep up. Banks, for example, saw their average monthly volume of fraud attacks increase from 1,977 in 2020 to 2,320 in 2021.

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02/14/2022

Flagstaff armed robbery suspect identified as 68-year-old man

Fox 10 Phoenix, AZ

FLAGSTAFF, Ariz. - A 68-year-old man was arrested after he reportedly committed armed robbery at a Wells Fargo bank near Northern Arizona University early Friday morning, police said.

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02/14/2022

One person shot during bank robbery in Seattle's SoDo neighborhood, suspect still at large

King 5 News, Seattle, WA

The victim is in stable condition and was taken to Harborview Medical Center for treatment.

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02/14/2022

Romance Scammers Steal a Record $547 Million

AARP

Here’s some heartbreaking news from the government: A record-setting $547 million was reported lost to romance scams last year.

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02/11/2022

How cybercriminals turn paper checks stolen from mailboxes into bitcoin

The Conversation

While cybercrime gets a lot of attention from law enforcement and the media these days, I’ve been documenting a less high-tech threat emerging in recent months: a surge in stolen checks.

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02/11/2022

DPS Warns Public About Scam

Big Island Now - Hawaii

A recent scam incident has prompted the Department of Public Safety Sheriff Division to warn the public.

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02/10/2022

What to know about 'synthetic fraud' | The fastest growing fraud targeting kids

11 Alive

"Atlanta and the surrounding area, Alpharetta, Marietta in particular, are huge hotbeds for synthetic fraud," said Naftali Harris, the CEO of SentiLink.

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02/10/2022

Russian Govt. Continues Carding Shop Crackdown

Krebs on Security

Russian authorities have arrested six men accused of operating some of the most active online bazaars for selling stolen payment card data.

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02/09/2022

ICE Homeland Security Investigations partners in investigation leading to 2 arrests for alleged conspiracy to launder $4.5 billion in stolen cryptocurrency

U.S. Immigration and Customs Enforcement

WASHINGTON — U.S. Immigration and Customs Enforcement (ICE), Homeland Security Investigations (HSI) contributed to an investigation resulting in the arrest of two individuals this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion.

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02/09/2022

FRB Synthetic Identity Fraud Mitigation Toolkit

The Federal Reserve FedPayments Improvement

SyntheticSynthetic identity fraud is a real problem facing the payments industry and other types of businesses.

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02/09/2022

Why cybersecurity and anti-fraud teams need to collaborate

Help Net Security

Over the past couple of years, there has been unprecedented change in the world of financial services.

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02/09/2022

Scammers Targeting Photographers with Fake Emails from ‘Nikon PR’

PetalPixel

Nikon has issued a warning that scammers are impersonating Nikon Public Relations to YouTube and Facebook channel owners. Nikon says that these emails have no relation to Nikon or its affiliates.

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02/09/2022

Smishing scam poses as DMV

WEAU Madison WI

MADISON, Wis. (WMTV) - Scammers posing as the Wisconsin Dept. of Motor Vehicles are sending text messages hoping people will reply with valuable personal information, including items that could be used to steal their identities or credit card numbers.

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02/09/2022

'Something has to be done': Scammers use welfare checks to sell con, 'grandparent scams' soar

KETV

PAPILLION, Neb. — A Papillion man said police showed up at his 83-year-old mother's house for a welfare check, but the call was bogus.

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02/09/2022

Microsoft Patch Tuesday, February 2022 Edition

Krebs on Security

Microsoft today released software updates to plug security holes in its Windows operating systems and related software.

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02/09/2022

How Attackers Will Target the Metaverse in 2022 and Beyond

Security Boulevard

The metaverse is the growing digital realm that uses augmented reality, virtual reality, blockchain, social media, and a host of other technologies to create a vast virtual world. In 2022, companies looking to invest in the metaverse should fortify defenses, especially at login, registrations, and in-platforms to protect consumers’ account security

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02/08/2022

2 Hurt In I-94 Shootings In Minneapolis, Brooklyn Center

WCCO 4 News

MINNEAPOLIS (WCCO) — Police in Minneapolis and Brooklyn Center say two people were shot in separate incidents along Interstate 94 Monday afternoon.

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02/08/2022

IRS To Ditch Biometric Requirement for Online Access

Krebs on Security

The Internal Revenue Service (IRS) said today it will be transitioning away from requiring biometric data from taxpayers who wish to access their records at the agency’s website.

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02/08/2022

Secret Service: Home Depot Worker Swapped $388K Cash with Fake Bills

PYMNTS.com

Home Depot worker Adrian Jean Pineda was nabbed by the Secret Service in Tempe, Arizona for allegedly stealing $387,500 in cash by replacing the real money with movie prop bills he ordered on Amazon.

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02/08/2022

BlackCat ransomware – what you need to know

the State of Security

What is this BlackCat thing I’ve heard about? BlackCat (also known as ALPHV) is a relatively new ransomware-as-a-service (RaaS) operation, which has been aggressively recruiting affiliates from other ransomware groups and targeting organisations worldwide.

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02/07/2022

Did you get an email or letter about the Equifax settlement?

FTC

Lots of people recently got an email or letter about free credit monitoring through the Equifax settlement. That’s because the settlement with Equifax was just approved by a court.

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02/07/2022

Stolen identity? Get help at IdentityTheft.gov

FTC

When identity theft happens, it’s hard to know where to begin. That’s why the FTC created IdentityTheft.gov, a one-stop resource for people to report identity theft to law enforcement and to get step-by-step instructions on how to recover from any type of identity theft.

Details >
02/07/2022

Scammers Exploit Security Weaknesses on Job Recruitment Websites to Impersonate Legitimate Businesses, Threatening Company Reputation and Defrauding Job Seekers

FBI

The FBI warns that malicious actors or 'scammers' continue to exploit security weaknesses on job recruitment websites to post fraudulent job postings in order to trick applicants into providing personal information or money.

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02/07/2022

How Phishers Are Slinking Their Links Into LinkedIn

Krebs on Security

If you received a link to LinkedIn.com via email, SMS or instant message, would you click it?

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02/07/2022

Mail-Related Check Fraud Spikes Across US

The Crime Report

Cutbacks in the U.S. Postal Service and the growing strength of the darknet as an underground market have led to a spike in mail-related check fraud since August, according to the Evidence-Based Cybersecurity Research Group at Georgia State University.

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02/07/2022

IRS won’t text or email you about stimulus checks

Community News 99

If you receive an email or text from the IRS about a stimulus check or unemployment claim, beware — it’s most likely a scam, the agency says.

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02/03/2022

Police looking for suspect in 'Oceans 11 type bank robbery'

ABC News 20

NEWCASTLE, Wash. (KOMO) — Newcastle Police and the King County Sheriff's Office are asking for the public's help in identifying a suspect who is accused of attempting to rob a bank in what police called an "Oceans 11 type bank robbery."

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02/03/2022

Felony Lane Gang suspect charged with Cedar Falls car burglaries

The Courier

CEDAR FALLS — A Florida man has been arrested in connection with the theft of purses from Cedar Falls parking lots in December in what may have been the prelude to attempted Felony Lane Gang-style bank fraud.

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02/03/2022

Veterans Targeted in Benefits Scams

Federal Communications Commission

Veterans who receive calls or recorded messages claiming to be from "veterans services" should have their guard up.

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02/03/2022

Alleged bank robber wears GPS bracelet during incident

Watertown Daily Times

JUNEAU — An ankle bracelet with GPS tracking helped authorities identify an alleged bank robber in Neosho last week.

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02/03/2022

How Hackers Can Drain Your Bank Account With Apple And Samsung Tap-And-Pay Apps

Forbes

Perhaps it was unwise to give up control of my iPhone to Timur Yunosov, a Russian cybersecurity researcher who has developed a penchant for exploiting vulnerabilities in payment devices.

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02/02/2022

22 people charged in connection with a multi-million dollar Paycheck Protection Program fraud scheme

U.S. Attorney's Office Northern District of Columbia

ATLANTA – Twenty-two individuals, residing across the United States, have been charged with wire fraud conspiracy and other related charges in connection with a fraudulent scheme to obtain approximately $3,899,377 in Paycheck Protection Program (PPP) loans.

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02/02/2022

How to tell if someone is using your identity

FTC

Taking steps to protect your personal information can help you minimize the risks of identity theft. But what if a thief gets your information anyway?

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01/31/2022

Welcome to Identity Theft Awareness Week 2022

FTC

Today we’re kicking off Identity Theft Awareness Week 2022.

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01/30/2022

Fake Investor John Bernard Sinks Norwegian Green Shipping Dreams

Krebs on Security

Several articles here have delved into the history of John Bernard, the pseudonym used by a fake billionaire technology investor who tricked dozens of startups into giving him tens of millions of dollars. Bernard’s latest victim — a Norwegian company hoping to build a fleet of environmentally friendly shipping vessels — is now embroiled in a lawsuit over a deal gone bad, in which Bernard falsely claimed to have secured $100 million from six other wealthy investors, including the founder of Uber and the artist Abel Makkonen Tesfaye, better known as The Weeknd.

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01/30/2022

Data Breach Alert: Marietta Area Health Care, dba Memorial Health System

JD Supra

Recently, Marietta Area Health Care, better known to most as Memorial Health System, announced that the company experienced a data breach stemming from a malware attack on its computer systems.

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01/30/2022

Data Breach Alert: Morley Companies, Inc.

JD Supra

Recently, the business services provider Morley Companies, Inc. released additional information about a recent “data security incident” the company experienced in mid-2021.

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01/28/2022

Who Wrote the ALPHV/BlackCat Ransomware Strain?

Krebs on Security

In December 2021, researchers discovered a new ransomware-as-a-service named ALPHV (a.k.a. “BlackCat“), considered to be the first professional cybercrime group to create and use a ransomware strain written in the Rust programming language.

Details >
01/28/2022

Conned on social media? It’s not just you

FTC

In 2021, more than 95,000 people told the FTC that they’d been scammed with a con that started on social media.

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01/28/2022

Charges: Twin Cities bank robber pulled off 3 heists in November before his arrest

Star Tribune

The 43-year-old man struck in Bloomington, Woodbury and Cottage Grove, according to federal prosecutors.

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01/27/2022

Thousands of TracFone users saw their numbers ported to other carriers without their consent

The Verge

Customers of Verizon-owned TracFone saw their numbers transferred to different carriers without their consent in recent weeks, as part of what the company characterized as the work of external attackers, according to a notice on its website (via the Wall Street Journal). Its Straight Talk and Total Wireless brands were affected as well.

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01/26/2022

Understanding and Preventing Account Takeover

Security Boulevard

In the previous installment of our blog series on the modern threat landscape, we looked at how attackers can use credential stuffing attacks to break into valid user accounts.

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01/26/2022

Check Point Research reveals how hackers run token scams and 'Rug Pull' money - and how to avoid them

Security Brief

Check Point Research (CPR) has revealed how scammers are altering smart contracts to create fraudulent tokens. They then use methods to "rug pull" money from people with altered smart contracts, leading to money heists.

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01/26/2022

An early-bird special for Identity Theft Awareness Week

FTC

Identity Theft Awareness Week starts next Monday but if you’re an early bird, check out a special free webinar tomorrow and get a jump on the week’s events.

Details >
01/26/2022

Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

What’s worse than finding out that identity thieves took out a 546 percent interest payday loan in your name?

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01/24/2022

Operation Soul Stingers: 2 arrested in massive identity fraud case out of Volusia County

Wesh.com

DAYTONA BEACH, Fla. — The Daytona Beach Police Department discussed a "massive" identity fraud case investigation Friday, saying it is ongoing.

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01/24/2022

BBB Scam Alert: Home title fraud

Union Recorder

BBB frequently receives calls from consumers about ads for services claiming to protect people from fraudulent property title transfers.

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01/24/2022

Patient data stolen ahead of Memorial Health ransomware attack, EHR downtime

SC Media

Memorial Health System in Ohio has confirmed that threat actors accessed or acquired health information tied to about 216,000 patients prior to deploying a ransomware attack in August.

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01/21/2022

SoFi Bank Charter Ruling Signals Crypto Still Off Limits for Banks

PYMNTS.com

In a ruling that has big implications for banks’ ability to use stablecoins as payment tools, the Office of the Comptroller of the Currency (OCC) announced in a Tuesday (Jan. 18) press release that FinTech lender SoFi will be allowed to buy a Federal Deposit Insurance Corporation (FDIC)-insured national bank as long as it stops offering cryptocurrency trading services.

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01/21/2022

Cannabis Banking Is Booming Despite Federal Uncertainty

Bloomberg

Small banks are gaining confidence Cannabis companies may not be able to work with the JPMorgan Chases and Citigroups of the world anytime soon, but that hasn’t stopped small banks from flooding into the space.

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01/21/2022

What is smishing, the new form of fraud on your cell phone?

codelist.biz

Cybercrime every day improves its techniques to steal money from bank users, now a new method has emerged, it is about smishing.

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01/21/2022

Crime Shop Sells Hacked Logins to Other Crime Shops

Krebs on Security

Up for the “Most Meta Cybercrime Offering” award this year is Accountz Club, a new cybercrime store that sells access to purloined accounts at services built for cybercriminals, including shops peddling stolen payment cards and identities, spamming tools, email and phone bombing services, and those selling authentication cookies for a slew of popular websites.

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01/19/2022

Cybercriminals Tampering with QR Codes to Steal Victim Funds

FBI

The FBI is issuing this announcement to raise awareness of malicious Quick Response (QR) codes. Cybercriminals are tampering with QR codes to redirect victims to malicious sites that steal login and financial information.

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01/19/2022

Scammers put fake QR codes on parking meters to intercept parkers’ payments

ARS Technica

Fraudulent QR codes on parking meters found in Houston, Austin, and San Antonio.

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01/19/2022

Safari bug threatens identity theft to all Mac, iPhone, iPad users

Slashgear.com

For years, Apple has been heralding privacy as the central theme for its products.

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01/19/2022

CHECK CROOKS: THIEVES ARE STEALING CHECKS FROM USPS COLLECTION BOXES!

Montgomery Crime Watch PA

Check Crooks: USPS collections boxes are being illegally opened for checks!

Details >
01/19/2022

IRS Will Soon Require Selfies for Online Access

Krebs on Security

If you created an online account to manage your tax records with the U.S. Internal Revenue Service (IRS), those login credentials will cease to work later this year.

Details >
01/18/2022

Digital currency ATMs being used for drugs and human trafficking: GAO

Coingeek

A new report has recommended that the U.S. government should step up its oversight over digital currency ATMs to curb their alleged rising usage in drug and human trafficking activities.

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01/18/2022

The Supply Chain Needs Better Cybersecurity and Risk Management

The State of Security

The supply chain is under a historic amount of pressure, but the strain on its cybersecurity and risk management may be in even worse condition.

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01/18/2022

Here are the Top Tips for Preventing ACH Credit Fraud

PaymentsJournal

Forced to work from home during COVID-19, accounts payable departments have accelerated plans to move away from paper checks and pay more of their suppliers by ACH.

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01/18/2022

Fake Broker-Dealers Stole $50 Million Through an Online Investment Fraud Scheme Impersonating Legitimate Institutions

CPO Magazine

A 56-year-old California Allen Giltman pleaded guilty for his role in an internet-based investment fraud scheme by fake broker-dealers who stole about $50 million from at least 70 victims from 2012 to October 2020.

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01/18/2022

How Credit Unions Are Fighting Online Fraud

PYMNTS.com

When you think of a credit union (CU), it’s easy to picture a place that values member relations and face-to-face banking.

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01/17/2022

At Request of U.S., Russia Rounds Up 14 REvil Ransomware Affiliates

Krebs on Security

The Russian government said today it arrested 14 people accused of working for “REvil,” a particularly aggressive ransomware group that has extorted hundreds of millions of dollars from victim organizations.

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01/17/2022

Fighting Against Card-Not-Present Fraud

TechBullion

Throughout history, businesses from all sectors had to deal with fraud, and today is no different.

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01/17/2022

Massive cyberattack hits Ukrainian gov't websites as West warns on Russia conflict

Investing.com

KYIV (Reuters) -A massive cyberattack warning Ukrainians to "be afraid and expect the worst" hit government websites late on Thursday, leaving some websites inaccessible on Friday morning and prompting Kyiv to open an investigation.

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01/17/2022

The Jetsons Had It (Mostly) Right, With the Glaring Exception of Payments

PYMNTS.com

Fans of Peloton stationary cycles and treadmills from certain demographics may have found themselves on lockdown, plodding along, when the line “Jane! Stop this crazy thing!” passed through their minds.

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01/17/2022

Davenport police investigating bank robbery

KWQC TV 6

DAVENPORT, Iowa (KWQC) - The Davenport Police Department is investigating a bank robbery.

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01/17/2022

3 suspects in custody soon after PNC Bank robbery

Fauquiernow.com

Authorities apprehended three suspects soon after the robbery of the PNC Bank at 615 Branch Drive in Warrenton on Friday.

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01/17/2022

North Korea pulled in $400m in cryptocurrency heists last year – report

The Register

Thieves operating for the North Korean government made off with almost $400m in digicash last year in a concerted attack to steal and launder as much currency as they could.

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01/17/2022

Cincinnati CBP stops thousands of fake IDs leaving the U.S.

Highlandcountypress.com

Since early December, U.S. Customs and Border Protection (CBP) officers intensified inspections on outbound shipments moving through the Cincinnati Port of Entry.

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01/14/2022

Online and phone scams raking in billions from unsuspecting victims

Amsterdam News

According to a 2021 survey by AARP, about 2 in 5 Black adults were targeted by an online scam and 1 in 5 lost money to one.

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01/14/2022

3 Popular Crypto Scams (and How to Avoid Them)

Tulsa World

The cryptocurrency blockchain was supposed to be impervious to fraud, but somebody forgot to tell the scammers.

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01/13/2022

The latest phishing scam to watch out for: fraudulent QR codes on parking meters

The Verge

Police in several US cities are warning residents not to pay for their parking using QR codes stuck to parking meters. That’s because these codes have been placed there by scammers, who are using them to direct people to fraudulent sites that capture their payment details.

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01/13/2022

Deputies: One charged after suspected drugs, counterfeit money found

WCHS TV

ATHENS COUNTY, Ohio (WCHS) — Athens County, Ohio, deputies said one person faces charges after suspected heroin and methamphetamine was seized along with a mixture of thousands of dollars in counterfeit and motion picture prop money.

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01/12/2022

‘Wormable’ Flaw Leads January 2022 Patch Tuesday

Krebs on Security

Microsoft today released updates to plug nearly 120 security holes in Windows and supported software. Six of the vulnerabilities were publicly detailed already, potentially giving attackers a head start in figuring out how to exploit them in unpatched systems.

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01/12/2022

Who is the Network Access Broker ‘Wazawaka?’

Krebs on Security

In a great many ransomware attacks, the criminals who pillage the victim’s network are not the same crooks who gained the initial access to the victim organization.

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01/12/2022

Healthcare Breaches Give Fraudsters New Tools for ‘Targeted’ Crowdfunding Scams

PYMNTS.com

It’s well known that fraudsters are nothing if not creative and cunning as they continually seek to prey on the most basic human traits of altruism and sympathy.

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01/10/2022

New crypto payment scam alert

FTC

There's a new spin on scammers asking people to pay with cryptocurrency. It involves an impersonator, a QR code, and a trip to a store (directed by a scammer on the phone) to send your money to them through a cryptocurrency ATM.

Details >
01/09/2022

500M Avira Antivirus Users Introduced to Cryptomining

Krebs on Security

Many readers were surprised to learn recently that the popular Norton 360 antivirus suite now ships with a program which lets customers make money mining virtual currency.

Details >
01/09/2022

Troy cops, K9 quickly catch suspected bank robber

WNYT.com

Troy police are investigating a bank robbery that happened at the SEFCU bank on Hoosick Street.

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01/09/2022

Cincinnati CBP Breaks Records in Fiscal Year 2021

U.S. Immigration and Border Protection

CINCINNATI–- U.S. Customs and Border Protection (CBP) officers and agriculture specialists in Cincinnati stopped record-breaking numbers of illegal shipments from entering the country in Fiscal Year (FY) 2021.

Details >
01/09/2022

Third gang member sentenced to prison for series of truck stop ATM robberies, related assault

U.S. Immigration and Customs Enforcement

CORPUS CHRISTI, Texas – A third Houston-area gang member was ordered to federal prison Wednesday for his role in a string of ATM robberies at truck stops in Texas and Louisiana and for a related assault of a good Samaritan who tried to intervene in one of the robberies.

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01/09/2022

ATMs headed the way of the payphone

Payments Dive

The availability of ATMs may have peaked at 470,000 units scattered across the U.S. in 2019, with a fall-off since then to 462,000 in 2020 and an estimated 456,000 last year, a spokesperson for research firm Euromonitor International said in updating its report on financial cards and payments in the U.S. Kendrick Sands, Euromonitor’s head of Consumer Finance Research, expects that downward trend to continue.

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01/06/2022

Ethical Data Practices Builds Consumer Trust in Biometric Identity Verification

PYMNTS.com

Consumers continue to use digital tools to safely and conveniently interact and transact during the pandemic — but when it comes to trust, many are concerned about how companies are handling their data.

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01/05/2022

United Airlines Flight Attendant Works For 23 Years With Stolen Identity

One Mile At A Time

This is quite a story — a United Airlines flight attendant has been arrested after working for 23 years using the stolen identity of a person who he had never met, who passed away at a young age.

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01/04/2022

Real-Time Payments Expected to Double in 2022

PYMNTS.com

Streaming media, on-demand encounters with service providers and all manner of instant interactions online have shaped expectations about how we pay and get paid — and when.

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01/04/2022

The Cat’s Outta The Bag – 10 Fraud Predictions for 2022

Frank McKenna

The cat is out of the bag 🐱📤 👜. And you can’t put the cat back in the bag. Once the cat is out of the bag, it’s out for good.

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01/03/2022

Biggest Credit Card Scams To Look Out For In 2022

South Florida Reporter

The credit card industry has always been targeted by hackers and thieves, and that is unlikely to change any time soon.

Details >
01/03/2022

Columbus Police investigating two separate bank branch ATM robberies

ABC News 6

COLUMBUS, Ohio (WSYX) — A Columbus man is urging people to pay close attention to their surroundings when they take money out of an ATM after he was recently robbed and beaten while getting cash.

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01/03/2022

“I’m sorry, who are you?”; this is the new fraud via WhatsApp

oicanadian.com

No surprise there is many people who use WhatsApp to scam or extort money, however, it has just been detected a new modus operandi in which the attackers send a message and they earn the trust of the victim.

Details >
12/31/2021

St. Paul Man Sentenced to 100 Months in Prison for Arson and Riot During August 2020 Riots in Downtown Minneapolis

US Attorney's Office District of Minnesota

MINNEAPOLIS – A St. Paul man was sentenced to 100 months in prison followed by two years of supervised release for burning, looting, and damaging stores and businesses in downtown Minneapolis on August 26, 2020.

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12/29/2021

Identity fraud may be a major 2022 scam trend, consumer group warns

Consumer Affairs

One thing that won’t change with the calendar is the threat of scams. But the Identity Theft Resource Center (ITRC) predicts that one particular scam will continue to evolve in 2022.

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12/29/2021

9 Phoenix-area people indicted for payment protection program fraud

U.S. Immigration and Customs Enforcement

PHOENIX, Ariz. – Earlier this month, special agents with U.S. Immigration and Customs Enforcement (ICE), Homeland Security Investigations (HSI) participated in an investigation that lead to the arrests of nine people for financial fraud.

Details >
12/29/2021

3 Teens Arrested Following String Of Armed Robberies In The Twin Cities

MInnesota CBS Local

Three teenagers are in custody following a string of armed robberies Tuesday morning in the Twin Cities.

Details >
12/29/2021

Ferrari Partners With Blockchain Firm Velas to Launch Digital Assets

PYMNTS.com

Ferrari has launched a partnership the Swiss blockchain and NFT company Velas Network, the car maker announced Monday (Dec. 27).

Details >
12/29/2021

How 104 Acquiring Banks Are Using AI to Beat Fraud, Boot Unprofitable Merchant Accounts

PYMNTS.com

Acquiring banks face a profitability challenge: Just 53% of the merchants they have on their platforms are turning a profit.

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12/29/2021

2022's Next Big Thing: Solving the ‘Money Mobility’ Problem

PYMNTS.com

The great digital shift may be upon us, but money has a problem simply getting around.

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12/29/2021

Protect Your Organization by Cultivating a Culture of Cybersecurity Awareness

The State of Security

The cybersecurity market offers excellent solutions and services to combat the threats that are exploited by cybercriminals.

Details >
12/27/2021

Keep your personal information safe in the New Year

FTC

As 2021 winds down, lots of us are making resolutions for a fresh start in the New Year — maybe to exercise regularly, get our finances in order, or spend more time with friends.

Details >
12/27/2021

'Hack DHS' Program Expanded to Include Log4j Bug Hunters

Govinfosecurity.com

A week after announcing a new bug bounty program called "Hack DHS," intended to safeguard the federal agency's systems, U.S. Department of Homeland Security Secretary Alejandro Mayorkas announced that DHS is expanding the scope of the program to include finding and patching Log4j-related vulnerabilities in the systems.

Details >
12/27/2021

$100 billion stolen in pandemic relief funds, Secret Service says

Los Angeles Times

Nearly $100 billion or more has been stolen from COVID-19 relief programs set up to help businesses and people who lost their jobs due to the pandemic, the U.S. Secret Service said.

Details >
12/27/2021

Traveling During the Holidays? Watch Out for These 3 Cybersecurity Dangers

Security Boulevard

Over the holidays many of us travel to visit friends and family or take a break elsewhere. The last thing we expect is to become a victim of a data breach or digital theft. In this blog, we explore some of the cybersecurity threats looking to exploit our vulnerabilities while on the move and provide fundamental tips to protect yourself over the holiday season.

Details >
12/27/2021

Remittance Platforms Tap Behavioral Analytics to Reduce Fraud, False Positives

PYMNTS.com

Onboarding sets the stage for the rest of the customer experience, regardless of industry — one recent report found nearly two-thirds of consumers think about the onboarding process before making a purchase, for example.

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12/23/2021

Secret Service: Nearly $100B stolen in pandemic relief funds

StarTribune

Nearly $100 billion at minimum has been stolen from COVID-19 relief programs set up to help businesses and people who lost their jobs due to the pandemic, the U.S. Secret Service said Tuesday.

Details >
12/22/2021

FTC Finalizes Order Banning Stalkerware Provider from Spyware Business

FTC

The Federal Trade Commission has finalized an order banning a stalkerware provider and its CEO from the surveillance business to settle allegations the company secretly harvested and shared data on people’s physical movements, phone use, and online activities.

Details >
12/22/2021

Beginning in May 2022 Banks Will Have 36 Hours to Disclose Certain Types of Cyber Incidents

jdsupra.com

Federal banking regulators issued a final rule that impacts how banks and other regulated entities report certain data incidents.

Details >
12/22/2021

Skimmer Plot Foiled In Mission Viejo, Suspect Arrested

MSN News

MISSION VIEJO, CA — One men was arrested in Mission Viejo Sunday night after being caught attaching an ATM skimming device on a bank ATM near Puerta Real and Crown Valley Parkway, the Orange County Sheriff's Department reported Monday.

Details >
12/21/2021

4 Key Criteria for Choosing an IT Partner

StrataDefense

While some business leaders might feel apprehensive about selecting a managed service partner, not doing so may be worse: a daunting 60% of small businesses that suffer a cyberattack go out of business within six months.

Details >
12/21/2021

FTC Mulls New Artificial Intelligence Regulation to Protect Consumers

PYMNTS.com

The Federal Trade Commission (FTC) is considering a wide range of options, including new rules and guidelines, to tackle data privacy concerns and algorithmic discrimination.

Details >
12/21/2021

FTC Mulls New Artificial Intelligence Regulation to Protect Consumers

PYMNTS.com

The Federal Trade Commission (FTC) is considering a wide range of options, including new rules and guidelines, to tackle data privacy concerns and algorithmic discrimination.

Details >
12/21/2021

Sixty Percent of US Acquiring Banks Use AI to Manage Transaction Fraud as Digital Volumes Surge

PYMNTS.com

The banking industry has been faster than most in adopting artificial intelligence (AI). Banks have found that AI is extremely useful in fighting fraud because it helps to flag suspicious transactions in real time.

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12/21/2021

Identity Theft Is Out And Identity Fraud Is In; The Identity Theft Resource Center’s 2022 Predictions Indicate Major Shifts

AIthority

The Identity Theft Resource Center’s 2022 predictions show a shift from identity theft to identity fraud as cybercriminals continue to refine who they target, what information they steal and what they do with it

Details >
12/21/2021

United against scams

FTC

Kwanzaa, which is based on traditional African harvest festivals, is celebrated every year from December 26 to January 1.

Details >
12/20/2021

Two Florida Men Plead Guilty to $35 Million COVID-19 Relief Fraud Scheme

U.S. Department of Justice

Two Florida men pleaded guilty this week in the Northern District of Ohio for leading a nationwide scheme to fraudulently obtain over $35 million in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Details >
12/20/2021

7 ways someone can hack your phone

KimKomando

Any American without a mobile device is in the minority. Only 3% of Americans don’t own a cellphone, the Pew Research Center says. Mobile devices play a central role in our daily tasks, as conduits for alarms, messaging, navigation and even grocery shopping.

Details >
12/20/2021

'They came out of nowhere' | Bank manager kidnapped last year testifies in trial of alleged robber

Kenosha News

RACINE — The little girl was just 5 years old when she, her 2-year-old sister, and mom were kidnapped on June 28, 2019, by two men who took them from Kenosha to Milwaukee where they were held overnight in a dark basement.

Details >
12/20/2021

FBI warns about charity scams connected to Midwest Tornadoes

News 2

COLUMBIA, S.C. (WCBD) – The FBI is warning about charity scams following the deadly tornadoes that struck the midwest last week.

Details >
12/20/2021

How retailers are trying to stop organized retail theft

KRON 4

(NewsNation Now) — In an effort to combat a wave of retail thefts and smash-and-grab robberies, some retailers are setting up coiled wire — ­not unlike what can often be seen outside a prison — to act as a barrier between potential thieves and high-end merchandise.

Details >
12/17/2021

Justice Department Coordinates Nationwide Elder Fraud Sweep of More Than 250 Defendants | USAO-GU – Honolulu, Hawaii

Eminetra

Washington-Attorney General Jeff Sessions and law enforcement partners today announced a coordinated cleanup of the largest elder fraud case in history.

Details >
12/17/2021

‘A fight for your life’: Dramatic video shows Northfield [Ohio} officers arrest bank robbery suspects

Fox 8

NORTHFIELD, Ohio (WJW) -Dramatic police video reveals how Northfield police officers were able to arrest two bank robbery suspects last Friday.

Details >
12/17/2021

NY Man Pleads Guilty in $20 Million SIM Swap Theft

Krebs on Security

A 24-year-old New York man who bragged about helping to steal more than $20 million worth of cryptocurrency from a technology executive has pleaded guilty to conspiracy to commit wire fraud.

Details >
12/15/2021

Microsoft Patch Tuesday, December 2021 Edition

Krebs on Security

Microsoft, Adobe, and Google all issued security updates to their products today.

Details >
12/15/2021

Banks And Merchants Tap Behavioral Analytics, Deep Learning to Keep Holiday Fraud in Check

PYMNTS.com

The pandemic transformed how holiday shoppers secured items in 2020, and researchers expect these trends to continue during this year’s holiday season.

Details >
12/15/2021

Scammers Target Last-minute Shoppers

Kiplinger

Products may be in short supply, but potential thieves are not. Be “scam smart” to keep your holiday happy.

Details >
12/14/2021

Inside Ireland’s Public Healthcare Ransomware Scare

Krebs on Security

The consulting firm PricewaterhouseCoopers recently published lessons learned from the disruptive and costly ransomware attack in May 2021 on Ireland’s public health system.

Details >
12/14/2021

How to spot, stop, and report post-disaster scams

FTC

If you or someone you know has been affected by the devastating series of tornadoes that roared across Kentucky, Illinois, Tennessee, Arkansas, and Missouri, coping with the aftermath is never easy

Details >
12/13/2021

Scammers are tricking more people into buying gift cards

FTC

According to the newest Data Spotlight, 40,000 people reported losing a whopping $148 million in gift cards to scammers during the first nine months of 2021.

Details >
12/13/2021

Wisconsin woman steals $400K from elderly, spends nearly half of it at casinos

Fox 59

ARBOR VITAE, Wis. (WFRV) – A Wisconsin woman has been sentenced for stealing over $400,000 from an elderly individual she provided in-home care for and spending nearly half of the money at casinos.

Details >
12/13/2021

Pallets of silver coins seized in international fraud case tied to South Dakota

Kelo News

SIOUX FALLS, S.D. (KELO) — An international scheme involving millions of dollars, fake humanitarian projects, silver coins and suspects still on the run sounds like the plot of a Hollywood movie. But this was all part of a case that was tried in federal court in South Dakota right before Thanksgiving.

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12/13/2021

Canada Charges Its “Most Prolific Cybercriminal”

Krebs on Security

A 31-year-old Canadian man has been arrested and charged with fraud in connection with numerous ransomware attacks against businesses, government agencies and private citizens throughout Canada and the United States.

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12/13/2021

6 Tales of Real-Life Scams

AARP

Host of ‘The Perfect Scam’ podcast shares a few of the most memorable episodes

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12/13/2021

The Head of the CIA Says It’s Been Doing Mysterious Cryptocurrency Work

Futurism

The feds are looking intro cryptocurrencies, and apparently have been since the Trump administration.

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12/13/2021

Iowa Man Sentenced for Bank Robbery

The United States Attorneys Office ~ District of South Dakota

Acting United States Attorney Dennis R. Holmes announced that a Dubuque, Iowa, man convicted of Bank Robbery was sentenced on December 6, 2021, by U.S. District Judge Karen E. Schreier.

Details >
12/10/2021

Beware of ransomware attacks between Christmas and New Year’s!

Help Net Security

Darktrace reported that its security researchers discovered a 30% increase in the average number of attempted ransomware attacks globally over the holiday season in every consecutive year from 2018 to 2020 compared to the monthly average.

Details >
12/08/2021

Saving Time, Reducing Costs and Mitigating Risks with Straight-Through Processing for B2B Payments

Federal Reserve Bank

With digitalization and instant payments rapidly evolving the payments landscape, now is the time to leverage momentum and catalyze innovation in the way businesses exchange invoices, payments and remittance information with one another.

Details >
12/08/2021

U.S. Law Enforcement Targets Fraud Facilitators, Doubling Last Year’s Enforcement

The United States Attorney's Office District of Main

PORTLAND, Maine: The Department of Justice, FBI, U.S. Postal Inspection Service and five other federal law enforcement agencies announced the completion of the fourth annual Money Mule Initiative.

Details >
12/08/2021

St. Peter Man Charged With Identity Theft, Welfare Fraud

Southernminnesotanews.com

A St. Peter man allegedly stole the identities of two out-of-state victims and applied for welfare benefits using their information.

Details >
12/08/2021

Murfreesboro PD: Bank robbery suspect demands money from teller on coffee filter note

Fox 17 WZTV Nashville

RUTHERFORD COUNTY, Tenn. (WZTV) — Police in Middle Tennessee arrested a man minutes after he allegedly robbed a bank using a note written on a coffee filter.

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12/08/2021

How To Hack into a Digital Account in a Few Easy Steps

Security Boulevard

Account security should be one of the biggest priorities for digital businesses today.

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12/06/2021

Avoiding a money mule scam

FTC

Scammers are looking for people to help them move stolen money.

Details >
12/06/2021

Phishing attacks top 260,000 in Q3 2021

Help Net Security

An APWG’s report reveals that it saw 260,642 phishing attacks in July 2021 – the highest monthly total observed since APWG began its reporting program in 2004.

Details >
12/06/2021

Ecommerce retailers facing a 350% increase in fraudulent online orders

Help Net Security

As the holiday shopping season hits full stride, ecommerce retailers across Europe face a new era of malicious attacks spurred by a COVID-inspired transformation in ecommerce and a 350% increase in fraudulent online orders, according to data published by Signifyd.

Details >
12/06/2021

Over 300,000 Android users have downloaded these banking trojan malware apps, say security researchers

ZDNET

Cybersecurity researchers at ThreatFabric detail how password-stealing Android banking trojans were disguised as QR code readers, fitness monitors, cryptocurrency apps and more.

Details >
12/05/2021

Ubiquiti Developer Charged With Extortion, Causing 2020 “Breach”

Krebs on Security

In January 2021, technology vendor Ubiquiti Inc. [NYSE:UI] disclosed that a breach at a third party cloud provider had exposed customer account credentials.

Details >
12/05/2021

Portland woman had $23,000 stolen through Zelle payment app scam

KGW8

A Portland woman was scammed out of $23,000 after someone posing as a Chase bank representative stole money through the Zelle mobile banking app.

Details >
12/05/2021

Who Is the Network Access Broker ‘Babam’?

Krebs on Security

Rarely do cybercriminal gangs that deploy ransomware gain the initial access to the target themselves.

Details >
12/05/2021

‘Unwitting Co-Conspirator' Teens and Young Adults Targeted in ‘Card Cracking' Scheme

NBC Washington

“Want to make money?” Getting a message like that on social media would perk anyone’s interest, especially a young adult.

Details >
12/05/2021

Identities for Fraud

Dark Reading

Organizations must improve their cybersecurity protocols to detect fraudulent identities and make sure they're safeguarding their consumers’ personal information.

Details >
12/05/2021

Fraud alert: Phone scammers impersonating Amazon, FTC says

KOMO News

SEATTLE — Telephone fraudsters often pretend to be with a government agency or a company you know and trust, such as Visa, Apple or Amazon.

Details >
11/29/2021

GoDaddy Data Breach Is Worse than First Thought

WinBuzzer

Web hosting giant GoDaddy began this week confirming a massive data breach affecting 1.2 million customers. The company is ending the week saying the breach is bigger than originally thought.

Details >
11/29/2021

The Internet is Held Together With Spit & Baling Wire

Krebs on Security

Imagine being able to disconnect or redirect Internet traffic destined for some of the world’s biggest companies — just by spoofing an email

Details >
11/26/2021

Arrest in ‘Ransom Your Employer’ Email Scheme

Krebs on Security

In August, KrebsOnSecurity warned that scammers were contacting people and asking them to unleash ransomware inside their employer’s network, in exchange for a percentage of any ransom amount paid by the victim company.

Details >
11/26/2021

Cybercriminals continue using Zelle to scam victims

SC Magazine

Last week, popular peer-to-peer payment (P2P) service Zelle experienced a hit from cybercriminals, who drained funds from accounts.

Details >
11/26/2021

N.J. man pleads guilty to federal charge of fraud in GoFundMe scam said to help homeless man

NBC News

Mark D'Amico had already pleaded guilty to state crimes in the "Paying It Forward" scheme involving his then-girlfriend and a homeless veteran.

Details >
11/26/2021

International wire fraud and money laundering case wraps up in Sioux Falls

Kelo News

SIOUX FALLS, S.D. (KELO) — A trial with international implications has wrapped up at the federal courthouse in Sioux Falls.

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11/24/2021

'Tis the Season for Holiday Scams.

ICE

WASHINGTON — The holiday shopping season is underway and the National Intellectual Property Rights Coordination Center (IPR Center) is launching a new holiday shopping toolkit to help consumers protect themselves from substandard or even hazardous counterfeit toys, electronics, cosmetics and other products.

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11/24/2021

Comptroller of the Currency Backpedals on Rulings Allowing Banks to Handle Crypto

PYMNTS.com

On the surface, it sounds good. Acting Comptroller of the Currency Michael Hsu confirmed that banks can hold cryptocurrencies for customers, can hold dollar reserves for stablecoin issuers and can use stablecoins to make payments.

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11/24/2021

Banks must report major cyber incidents within 36 hours under finalized regulation

cyberscoop.com

Banks must report major cybersecurity incidents to federal officials within 36 hours under a rule that U.S. financial regulators finalized on Thursday.

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11/23/2021

Consumers Ready To Look Past Passwords To Keep Digital Bank Accounts Secure

PYMNTS.com

Convenience and trust are the principal catalysts of consumer behavior and brand choice in banking.

Details >
11/23/2021

CISA AND FBI URGE ORGANIZATIONS TO REMAIN VIGILANT TO RANSOMWARE AND CYBER THREATS THIS HOLIDAY SEASON

CISA

WASHINGTON - The Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) issued a cybersecurity reminder for public and private sector organizations to remain vigilant and take appropriate precautions to reduce their risk to ransomware and other cyberattacks leading up to and during the holiday season.

Details >
11/23/2021

As digital shopping surges, researchers predict 8 million daily attacks

Helpnetsecurity.com

Arkose Labs released new data on the latest fraud trends, revealing increased threats during the holidays, rising bot attacks, and a resurgence in attacks on travel companies.

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11/22/2021

How to spot and avoid common health scams

FTC

As a caregiver for a family member with special health needs, you know that shopping, making meals, or just regularly spending time with someone who can’t get out much can profoundly improve their quality of life.

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11/22/2021

The Evolving Threat of Ransomware

TripWire

Currently, ransomware is the most prominent cyber threat to businesses and individuals. Ransomware attacks are growing more prevalent as cybercriminals find new ways to profit from them.

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11/21/2021

Phishing 2.0: The Rise of Bots Making Voice Calls to Override Two-Factor Authentication

D1Softballnews.com

The alarm was raised by an investigation carried out by Motherboard. The example is a scam that arises from a voice call with an automatic message that warns of a hypothetical attempted fraudulent use of the account PayPal.

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11/21/2021

70% of CFOs Are Automating Accounts Receivables, Payables to Increase Customer Lifetime Value

PYMNTS.com

The pandemic’s disruption to the global economy has highlighted the value of keeping strategically engaged chief financial officers (CFOs) connected with their companies.

Details >
11/21/2021

The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle, a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family.

Details >
11/19/2021

Twin Ports crime spree, standoff suspect indicted on federal charges

Bemidji Pioneer

The crime spree that has already resulted in 26 charges in Minnesota and Wisconsin state courts now has Cody Walker-Nelson facing significant federal prison time.

Details >
11/19/2021

In spate of burglaries on Oahu over the last week, shops prove easy targets

Hawaii News

HONOLULU (HawaiiNewsNow) - According to Honolulu police data, there have been 65 burglaries across Oahu in the last seven days.

Details >
11/19/2021

Tech CEO Pleads to Wire Fraud in IP Address Scheme

Krebs on Security

The CEO of a South Carolina technology firm has pleaded guilty to 20 counts of wire fraud in connection with an elaborate network of phony companies set up to obtain more than 735,000 Internet Protocol (IP) addresses from the nonprofit organization that leases the digital real estate to entities in North America.

Details >
11/19/2021

Sift Acquires Keyless in Battle Against Account Takeover Fraud

PYMNTS.com

Digital fraud prevention firm Sift has acquired Keyless, a company that provides passwordless and multi-factor authentication.

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11/17/2021

RETAILERS SUPPORT HOUSE MARKUP OF CONSUMER PROTECTION BILL

Retail Industry Leaders Association

The Retail Industry Leaders Association (RILA) issued the following statement as the House Committee on Energy & Commerce begins marking up the INFORM Consumers Act, legislation that would require online marketplaces to collect and verify basic business information from sellers, making it harder for retail theft rings and con artists to peddle stolen and counterfeit goods on leading e-commerce platforms.

Details >
11/17/2021

‘Tis the Season for the Wayward Package Phish

Krebs on Security

The holiday shopping season always means big business for phishers, who tend to find increased success this time of year with a lure about a wayward package that needs redelivery

Details >
11/17/2021

FBI Statement on Incident Involving Fake Emails

FBI

The FBI is aware of a software misconfiguration that temporarily allowed an actor to leverage the Law Enforcement Enterprise Portal (LEEP) to send fake emails.

Details >
11/17/2021

CFPB's hard line with payments industry may be a hint of things to come

Payments Dive

Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.

Details >
11/17/2021

Costco discloses data breach after finding credit card skimmer

Bleeping Computer

Costco Wholesale Corporation has warned customers in notification letters sent this month that their payment card information might have been stolen while recently shopping at one of its stores.

Details >
11/17/2021

Remote Work and Cybersecurity in the Legal Industry: What to Know

TripWire

The COVID-19 pandemic changed many aspects of how businesses operate, remote work being one of the most significant. At the outbreak’s peak, 71% of American workers telecommuted at least part-time, 62% of whom rarely worked remotely before.

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11/16/2021

Fake FBI emails sent to thousands

NBC 15

(CNN) – The FBI is addressing reports that unauthorized emails coming from a legitimate FBI email address were sent to thousands of organizations about a purported cyberthreat.

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11/16/2021

Investigators track down Cleveland bank teller who stuffed US$215K into a paper bag and vanished 52 years ago

CTV News

Theodore John Conrad showed up for work as a bank teller in Cleveland. At the end of his shift, the then 20-year-old stole US$215,000, stuffed it into a paper bag -- and vanished, authorities said.

Details >
11/16/2021

LAPD investigating more than 100 cases of 'follow-home' robberies

Fox 11 Los Angeles

LOS ANGELES - The Los Angeles Police Department is investigating more than 100 cases of "follow-home" robberies.

Details >
11/15/2021

Credit Card Skimmer Leads to Costco Data Breach

PYMNTS.com

Retail giant Costco Wholesale Corporation sent letters this month to its customers alerting them that their payment information may have been stolen through a credit card skimmer while they were shopping at one of their stores, according to a BleepingComputer report Friday (Nov. 12).

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11/15/2021

Costco discloses payment card breach at store

CSA Chain Store Age

Costco Wholesale Corp. has been victimized by criminals using what might be considered “legacy” hacking technology.

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11/15/2021

I Was A Victim Of Business Identity Theft—And It Could Happen To You

Forbes

As of August 2021, the Small Business Administration reported it had received 1.2 million complaints of loan identity theft for Economic Injury Disaster Loans.

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11/14/2021

4 arrested in Kailua-Kona area for making, using fraudulent checks

Star Advertiser

Four people from the Kailua-Kona area have been arrested and charged for forgery for allegedly making and distributing fraudulent business checks in the area since February.

Details >
11/14/2021

Hoax Email Blast Abused Poor Coding in FBI Website

Krebs on Security

The Federal Bureau of Investigation (FBI) confirmed today that its fbi.gov domain name and Internet address were used to blast out thousands of fake emails about a cybercrime investigation.

Details >
11/12/2021

SMS About Bank Fraud as a Pretext for Voice Phishing

Krebs on Security

Most of us have probably heard the term “smishing” — which is a portmanteau for traditional phishing scams sent through SMS text messages.

Details >
11/12/2021

11-10-21 Kona Trio Charged in Credit Card Theft Investigation

Hawaii Police Department

Three Kona residents are in police custody as a result of an investigation into the fraudulent use of a credit card. On Monday, Nov. 8, 2021, a 27-year-old visitor contacted Hawai‘i Police Department to report that her personal bag had been stolen within the past couple of days.

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11/12/2021

Trust Stamp Is Seeking Investors for What May Be the Answer to Identity Theft

Entrepreneur

Almost four out of every five web users around the globe feel they’ve lost any control they once had over their personal data.

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11/12/2021

Crypto Payments Will Soon Divide Merchants Into ‘Haves’ and ‘Have Nots’

PYMNTS.com

Once thought of as just a fad, cryptocurrencies are gaining, well, currency as a conduit for mainstream commerce.

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11/12/2021

FBI Director Christopher Wray’s Remarks at Press Conference Announcing Sodinokibi/REvil Ransomware Arrest

FBI

FBI Director Christopher Wray delivered the following remarks during a press conference at the Department of Justice in Washington, D.C., with partner agency officials announcing arrests and charges in connection with the Sodinokibi/REvil ransomware. (Remarks as delivered.)

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11/11/2021

CFPB's hard line with payments industry may be a hint of things to come

Payments Dive

Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.

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11/11/2021

LA-area casino settles money laundering case for $500,000

AP News

LOS ANGELES (AP) — A Los Angeles-area casino will pay $500,000 to settle allegations that it violated anti-money laundering laws by failing to properly file reports about a Chinese player who spent millions in cash, authorities announced Friday.

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11/11/2021

TaskRabbit Takes On The Gig Economy’s Instant Payout Imperative

PYMNTS.com

Getting paid fast is more than just a benefit for gig workers. It has become a necessity in today’s challenging economic climate

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11/11/2021

U.S. charges Ukrainian and Russian in major ransomware spree, seizes $6 million

Investing.com

(Reuters) - The U.S. Justice Department charged a Ukraine national and a Russian in one of the worst ransomware attacks against American targets, court filings showed on Monday.

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11/11/2021

REvil Ransom Arrest, $6M Seizure, and $10M Reward

Krebs on Security

The U.S. Department of Justice today announced the arrest of Ukrainian man accused of deploying ransomware on behalf of the REvil ransomware gang, a Russian-speaking cybercriminal collective that has extorted hundreds of millions from victim organizations.

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11/11/2021

Microsoft Patch Tuesday, November 2021 Edition

Krebs on Security

Microsoft Corp. today released updates to quash at least 55 security bugs in its Windows operating systems and other software.

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11/11/2021

Robinhood hacked, details of 7 million investors stolen

TechZimo

Robinhood said that the personal information for more than 7 million customers was accessed during a data breach on November 3.

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11/10/2021

The Three Reasons Why Businesses Still Use Paper Invoices

PYMNTS.com

Growth of automation in the accounts payable space was fairly haphazard until recently, but with the coming of the pandemic, the concept has gotten a lot of traction.

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11/10/2021

CFPB warns companies over name-matching

CFBP Journal

Consumer reporting companies that rely on name-matching alone to match records to an individual are violating the Fair Credit Reporting Act, the Consumer Financial Protection Bureau said.

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11/10/2021

Exclusive: A Cyber Mercenary Is Hacking The Google And Telegram Accounts Of Presidential Candidates, Journalists And Doctors

Forbes

A stakeout in digital investigations looks very different to the traditional images of sleuths camped out in blacked-out vans. Just ask Netherlands-based cybersecurity researcher Feike Hacquebord, who’d spent some months behind his computer screen tracking the activities of a hacker-for-hire crew called RocketHack when, in October 2020, he had a slice of luck.

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11/10/2021

Fraudulent check scheme nets thousands from area banks, businesses: Sheriff's Office

west.com

CAMPBELL COUNTY, Va. (WSET) — The Campbell County Sheriff's Office believes a fraudulent check scheme is targeting area banks and businesses and has already netted several thousand dollars.

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11/05/2021

Nonbinary designation added for Michigan driver’s licenses

News Channel 3

LANSING, Mich. — Michigan residents who identify as nonbinary will be able to designate it on their driver’s license or state identification card starting Nov. 10.

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11/05/2021

Payments Become ‘Sexy’ as Connected Economy Enters Phase Two

PYMNTS.com

As payments move swiftly from the prosaic last step in transactions to become the digital front door of a kinetic connected economy, top executives at leading global firms are acutely aware of connected economy implications, envisioning the next phase of the connected digital shift.

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11/04/2021

Your guide to holiday shopping during a chip shortage

FTC

If you’ve been keeping up with the news, you might have heard about a global chip shortage. Why does that matter to your holiday shopping?

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11/04/2021

Mastercard Will Make Digital Currencies Work if Issued by Governments

PYMNTS.com

As central bank digital currencies (CBDCs) grow in popularity, the world’s payments leaders are making preparations.

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11/02/2021

The ‘Groove’ Ransomware Gang Was a Hoax

Krebs on Security

A number of publications in September warned about the emergence of “Groove,” a new ransomware group that called on competing extortion gangs to unite in attacking U.S. government interests online.

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11/02/2021

After security flaw found, Missouri hires data breach group

News Observer

Two weeks after a newspaper discovered a security flaw on a state website, Gov. Mike Parson's administration has hired a company that performs data breach and credit monitoring services.

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11/02/2021

Defining synthetic identity fraud once and for all

Security

I had the honor of serving on a Federal Reserve committee this past winter to define synthetic identity fraud.

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11/02/2021

FTC returns $60 million that Amazon illegally took from Flex drivers

FTC

Amazon Flex drivers, watch your mail. The FTC just sent almost $60 million in checks and PayPal payments to eligible drivers who had their tips illegally taken by Amazon.

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11/02/2021

President’s Working Group: Stablecoin Risks Warrant Legislation

PYMNTS.com

For stablecoins, per analysis by the President’s Working Group on Financial Markets in its long-awaited report: Promise, yes. A bit of risk, too … so legislation is needed to ensure that only banks are in the mix to issue the coins, which, as widely noted and reported, are backed by dollars or other liquid, stable assets held in reserve, such as dollars.

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11/02/2021

Moneygram versus Western Union competition rises at Walmart

Payments Dive

Moneygram executives blamed competition with Western Union for a drop in revenue from its walk-in money transfer business at Walmart stores.

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11/01/2021

Spot The Imposter: Tackling the Rise in Social Engineering Scams

Payments Journal

In today’s world, social engineering is at the heart of nearly every cyberattack. Using personal details collected from social media, data breaches, and the dark web, cybercriminals deploy well-crafted schemes with every sign of legitimacy.

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11/01/2021

Antioch Police Warn of Identity Theft After Mail Stolen From Residential Mailboxes

NBC5 Chicago

Antioch police warned of identity theft after reports of a group stealing "hundreds of pieces of mail" from residential mailboxes throughout the Chicago-area suburb.

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11/01/2021

‘Trojan Source’ Bug Threatens the Security of All Code

Krebs on Security

Virtually all compilers — programs that transform human-readable source code into computer-executable machine code — are vulnerable to an insidious attack in which an adversary can introduce targeted vulnerabilities into any software without being detected, new research released today warns.

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11/01/2021

Top five fraud and scam prevention tools

The Daily News

Knowledge is power and having the right tools to fight fraud can make a huge difference. Knowledge can also help those you love and want to protect. We put together a list of the five most important resources about Social Security scams you should know about:

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10/29/2021

Zales.com Leaked Customer Data, Just Like Sister Firms Jared, Kay Jewelers Did in 2018

Krebs on Security

In December 2018, bling vendor Signet Jewelers fixed a weakness in their Kay Jewelers and Jared websites that exposed the order information for all of their online customers.

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10/29/2021

FBI warns of Ranzy Locker ransomware threat, as over 30 companies hit

The State of Security

The FBI has warned that over 30 US-based companies had been hit by the Ranzy Locker ransomware by July this year, in a flash alert to other organisations who may be at risk.

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10/28/2021

Camden County Man Admits Role in Stolen Identity Refund Fraud Scheme

US Attorney's Office District of New Jersey

CAMDEN, N.J. – A Camden County, New Jersey, man today admitted his role in a scheme to obtain money through fraudulently obtained refund checks issued by the U.S. Treasury, Acting U.S. Attorney Rachael A. Honig announced.

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10/28/2021

The Google Voice scam: How this verification code scam works and how to avoid it

FTC

It’s Cyber Security Awareness month, so the tricks scammers use to steal our personal information are on our minds. If there’s one constant among scammers, it’s that they’re always coming up with new schemes, like the Google Voice verification scam. Have you heard about it? Here’s how it works.

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10/28/2021

Scammers are sending fake IRS emails about Economic Impact Payments

FTC

There’s a fake IRS email that keeps popping into people’s inboxes. It says that you can get a third Economic Impact Payment (EIP) if you click a link that lets you “access the form for your additional information” and “get help” with the application.

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10/28/2021

QR Codes Help Attackers Sneak Emails Past Security Controls

Dark Reading

Researchers have observed an attacker using a technique they hadn't previously seen to attempt to sneak phishing emails past enterprise security filters.

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10/27/2021

Amazon impersonators: what you need to know

FTC

Has Amazon contacted you to confirm a recent purchase you didn’t make or to tell you that your account has been hacked?

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10/27/2021

Keeping older adults safe from scams

FTC

As today’s annual report to Congress makes clear, the safety of older consumers in the marketplace is a priority for the FTC.

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10/27/2021

FTC puts over 1,100 businesses on notice about deceptive money-making claims

FTC

Companies offering work, training, business opportunities, investments, or other money-making opportunities often try to grab your attention by talking about how much money you can make.

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10/27/2021

Long-Time Fugitive Sentenced To 51 Months In Prison For Scheme To Steal 94,000 Debit And Credit Cards From Michaels’ Stores In 19 States

US Attorney's Office District of New Jersey

CAMDEN, N.J. – A California man was sentenced today to 51 months in prison for his role in a conspiracy to steal 94,000 credit and debit cards from customers at approximately 80 Michaels’ Stores in 19 states and to then use that information to make fraudulent withdrawals from the bank accounts of those customers, Acting U.S. Attorney Rachael A. Honig announced.

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10/27/2021

Conti Ransom Gang Starts Selling Access to Victims

Krebs on Security

The Conti ransomware affiliate program appears to have altered its business plan recently. Organizations infected with Conti’s malware who refuse to negotiate a ransom payment are added to Conti’s victim shaming blog, where confidential files stolen from victims may be published or sold.

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10/27/2021

FBI Raids Chinese Point-of-Sale Giant PAX Technology

Krebs on Security

U.S. federal investigators today raided the Florida offices of PAX Technology, a Chinese provider of point-of-sale devices used by millions of businesses and retailers globally.

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10/27/2021

International Law Enforcement Operation Targeting Opioid Traffickers on the Darknet Results in 150 Arrests Worldwide and the Seizure of Weapons, Drugs, and over $31 Million

US Department of Justice

Today, the Department of Justice, through the Joint Criminal Opioid and Darknet Enforcement (JCODE) team joined Europol to announce the results of Operation Dark HunTor, a coordinated international effort on three continents to disrupt opioid trafficking on the Darknet.

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10/27/2021

Ransomware Gang Masquerades as Real Company to Recruit Tech Talent

The Wall Street Journal

A criminal organization believed to have built the software that shut down a U.S. fuel pipeline has set up a fake company to recruit potential employees, according to researchers at the intelligence firm Recorded Future and Microsoft Corp.

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10/27/2021

MILWAUKEE MEN CHARGED WITH LAUNDERING PROCEEDS OF BUSINESS EMAIL COMPROMISE FRAUD SCHEMES

US Attorney's Office Eastern District of Wisconsin

Acting United States Attorney Richard G. Frohling of the Eastern District of Wisconsin announced that a ten-count indictment was unsealed in federal court charging both Rolando Greer (age: 50) and Corey Lee (age: 50) of Milwaukee, Wisconsin, with: one (1) count of conspiracy to commit money laundering, in violation of 18 U.S.C. § 1956(h) and six (6) counts of money laundering, in violation of 18 U.S.C. §§ 1956 & 1957.

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10/25/2021

The Anatomy Of A Credential Stuffing Attack

informationsecuritybuzz.com

While data breaches might be a heist best left to the experts, credential stuffing is a poor-man’s sport.

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10/25/2021

Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game

PYMNTS.com

Big business, online gaming and gambling became even more popular during the pandemic as consumers sought entertainment at home.

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10/25/2021

Man faces 90 charges of theft of property, identity theft after stealing nearly $30K, police say

Fox 13

MEMPHIS, Tenn. — In 2018, Joseph Chalmers used another person’s EFIN (electronic filing identification number), to file taxes with the Checkfast Tax Service, according to the Memphis Police Department.

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10/25/2021

No arrests after two armed robberies in Kalamazoo

Wood TV

KALAMAZOO, Mich. (WOOD) — There were two armed robberies in Kalamazoo Saturday.

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10/21/2021

2021 State of Bot Mitigation Survey Shows Companies Are Losing the War Against Bad Bots

Yahoo Finance

NEW YORK, October 20, 2021--(BUSINESS WIRE)--Kasada, provider of the most effective and easiest way to defend against advanced bot attacks, today announced the findings of its 2021 State of Bot Mitigation Survey report.

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10/21/2021

A Beginner’s Guide to Credential Stuffing

Security Boulevard

Credential stuffing is a hacking technique where fraudsters use stolen passwords to unlock multiple user accounts and use them for several downstream frauds. Years of data exposure through incidents of a data breach, easy availability of commoditized tools, and reuse of passwords across digital accounts and websites are all contributing to the rise in credential stuffing attacks.

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10/21/2021

Former Phone Company Employee Sentenced to Three Months Probation for Role in Sim Swap Scam Conspiracy That Targeted At Least 19 Customers, Including New Orleans Resident

U.S. Attorney's Office Eastern District of Louisiana

NEW ORLEANS – U.S. Attorney Duane Evans announced that STEPHEN DANIEL DEFIORE age 36, a resident of Brandon, Florida, was sentenced on October 19, 2021 to three (3) months probation, with one year of home confinement by United States District Judge Jay C. Zainey after previously pleading guilty to a one-count Bill of Information charging with conspiracy to commit wire fraud, in violation of Title 18, United States Code, Sections 371 and 1343, for his role in a SIM Swap scam that targeted at least nineteen people, including a New Orleans-area physician. DEFIORE was also sentenced to 100 hours of community service, payment of $77,417.50 in restitution and payment of a $100 mandatory special assessment fee.

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10/21/2021

Average Firm Loses $85K Annually on Purchases Made Outside of Company Policy

PYMNTS.com

The shift to remote working arrangements during the pandemic has complicated some operations for finance teams, especially in employee spending.

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10/21/2021

National Labor Organization Employee Pleads Guilty to Embezzling Hundreds of Thousands of Dollars from Union

U.S. Attorney's Office District of Columbia

WASHINGTON – Donnell Owens, a former employee of the American Federation of Government Employees, pleaded guilty today to one count of embezzlement and theft of labor union assets stemming from a scheme in which he stole more than $275,000.

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10/19/2021

Recent Amendments to State Breach Notification Laws

JD Supra

Over the last several months, a minority of states amended their data breach notification statutes or enacted sector-specific breach notification requirements.

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10/18/2021

Missouri Governor Vows to Prosecute St. Louis Post-Dispatch for Reporting Security Vulnerability

Krebs on Security

On Wednesday, the St. Louis Post-Dispatch ran a story about how its staff discovered and reported a security vulnerability in a Missouri state education website that exposed the Social Security numbers of 100,000 elementary and secondary teachers.

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10/18/2021

Avoid Wire Fraud Losses

Troutman Pepper

Most lawyers get a glazed look when recalling law school study of commercial transactions and the Uniform Commercial Code (UCC).

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10/18/2021

Florida Man Pleads Guilty to Payment Processing Fraud Scheme

US Department of Justice

A Florida man pleaded guilty today in the U.S. District Court for the District of Massachusetts to conspiracy to commit wire fraud in connection with a scheme to deceive banks and credit card companies into processing credit and debit card payments on behalf of merchants involved in prohibited and high-risk businesses, including online gambling, debt collection, payday lending, and prescription drugs.

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10/14/2021

How Coinbase Phishers Steal One-Time Passwords

Krebs on Security

A recent phishing campaign targeting Coinbase users shows thieves are getting smarter about phishing one-time passwords (OTPs) needed to complete the login process

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10/13/2021

6 Common Phishing Attacks and How to Protect Against Them

The State of Security

Phishing attacks continue to play a dominant role in the digital threat landscape. In its 2021 Data Breach Investigations Report (DBIR), Verizon Enterprise found phishing to be one of the most prevalent action varieties for the data breaches it analyzed. Its researchers specifically observed phishing in more than a third (36%) of breaches. That’s up from 22% a year earlier.

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10/13/2021

Patch Tuesday, October 2021 Edition

Krebs on Security

Microsoft today issued updates to plug more than 70 security holes in its Windows operating systems and other software, including one vulnerability that is already being exploited.

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10/12/2021

Bank robber caught after texting wife photo of cash, FBI says

WHSV 3

LOMBARD, Ill. (WBBM) - An accused bank robber in Illinois thought he got away scot-free until he found authorities waiting at his home.

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10/11/2021

Spot the pandemic scam: emergency broadband program impersonators

FTC

Have you seen ads on social media that offer to “help” you sign up for a government program that will give you a “free” device and internet service in exchange for money or personal information?

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10/10/2021

Smishing on the Rise

InfoSecurity

A new financial crime report by risk management tool developer Feedzai has found an increase in phishing scams perpetrated via text message, a practice known as smishing.

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10/10/2021

Text scams: As robocalls get blocked, fraudsters search for new vulnerabilities

Livingston County News

The ongoing pandemic-related stress surely must be worth a free gift, bonus or some sort of discount somewhere.

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10/08/2021

BBB Tip: How to know if someone stole your identity

Better Business Bureau

Identity theft is stressful, and it can do tremendous damage to your finances. It’s important to recognize the signs early. The earlier you notice something is amiss, the faster you can take action to minimize the damage. BBB recommends the following tips to help you recognize the signs of identity theft as soon as possible.

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10/08/2021

Double-check every Venmo request, even if they seem to be from a friend or family member

South Bend Tribune

Venmo has become a popular and relatively safe way to quickly send money to friends and family members.

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10/08/2021

Ransom disclosure law would give firms 48 hours to disclose ransomware payments

The State of Security

Organizations who find their networks hit by a ransomware attack may soon have to disclose within 48 hours any payments to their extortionists.

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10/06/2021

Charges: Fraud ring ran ‘credit mule’ phone-buying scheme at Walmart, bilking $300K

Twin Cities

A fraud ring involving 15 individuals in Walmart stores in Ramsey and Dakota counties cost the retailer and a cellphone company $300,000, according to criminal charges filed this week.

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10/06/2021

Spat erupts over postal banking pilot

Payments Dive

Bank and credit union trade groups spoke out against the U.S. Postal Service’s (USPS) postal banking pilot program which was launched last month, saying the government agency is incapable adequately managing an operation that includes financial services.

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10/06/2021

Arrest Made After Crime Spree And Stand-Off

KDAL

DULUTH, MN (KDAL) – A Duluth man was taken into custody Friday night after a seven hour stand-off at a Central Avenue apartment building.

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10/06/2021

What Happened to Facebook, Instagram, & WhatsApp?

Krebs on Security

Facebook and its sister properties Instagram and WhatsApp are suffering from ongoing, global outages. We don’t yet know why this happened, but the how is clear: Earlier this morning, something inside Facebook caused the company to revoke key digital records that tell computers and other Internet-enabled devices how to find these destinations online.

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10/06/2021

Fridley Police Department joins Minnesota Financial Crimes Task Force

Home Town Source

The Fridley City Council approved a joint powers agreement with the Minnesota Bureau of Criminal Apprehension Monday, Sept. 27, to participate in a Financial Crimes Task Force together.

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10/06/2021

Connecticut Tightens its Data Breach Notification Laws

Data Protection Report

Effective October 1, 2021, an amendment[1] to the Connecticut General Statute concerning data privacy breaches, Section 36a-701b, will impact notification obligations in several significant ways.

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10/06/2021

After Coinbase Hack, Authentication Expert Says, 'We Should Be Moving To FIDO'

PYMNTS.com

When hackers stole cryptocurrency from the accounts of 6,000 Coinbase customers between March and May of this year, the trading platform said the perpetrator used a familiar method: phishing.

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10/06/2021

Robot vs. Robot: PayPal Taps AI/ML in Battle Against Fraudsters, Chargebacks and Passwords

PYMNTS.com

Artificial intelligence (AI) and machine learning (ML) are helping merchants and online platforms get smarter about detecting risk.

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10/06/2021

Local cyber expert believes Facebook outage unlikely a cyberattack

TMJ4

BROOKFIELD, Wis. — Just one day after a whistleblower unveiled her identity on 60 Minutes, Facebook suffered a major outage that lasted as long as 7 hours.

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10/06/2021

Tesuque Casino shuts down due to cyber attack

KRQE News 13

NEW MEXICO (KRQE) – A New Mexico casino is planning to reopen soon after being the victim of a cyber-attack last month. The Tesuque Casino says it shut down on September 25 after discovering the attack.

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10/06/2021

FCC asks carriers to step up to stop SIM swapping, port-out fraud

CSO online

Last week the Federal Communications Commission (FCC) put out for comment its first set of consumer cybersecurity protection rules under the Biden administration. These proposed rules address the growing scourge of so-called SIM swapping and port-out fraud.

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10/06/2021

N.J. man admits $540K cell phone fraud scam that hit 300 people in 10 states

NJ.com

A New Jersey man admitted Monday he led a criminal ring that obtained nearly $540,000 worth of iPhones, iPads, and AirPods by taking over the cell phone accounts of at least 300 people in 10 states.

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10/03/2021

Bitcoin Daily: Morgan Stanley Doubles Shares in GTBC; R3 to Debut Privacy Solution for Blockchain

Pymnts.com

Morgan Stanley has doubled the ownership it has in Grayscale Bitcoin Trust (GBTC) shares since April, AMBCrypto reported.

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10/03/2021

The Rise of One-Time Password Interception Bots

Krebs on Security

In February, KrebsOnSecurity wrote about a novel cybercrime service that helped attackers intercept the one-time passwords (OTPs) that many websites require as a second authentication factor in addition to passwords.

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10/03/2021

Bandwidth hit by cyber attack that causes disruptions to some business phone calls

News Observer

Update 4:50 p.m. Sept. 30: Bandwidth says its internet voice services are working again after last weekend’s cyber attack.

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10/03/2021

FCC Proposal Targets SIM Swapping, Port-Out Fraud

Krebs on Security

The U.S. Federal Communications Commission (FCC) is asking for feedback on new proposed rules to crack down on SIM swapping and number port-out fraud, increasingly prevalent scams in which identity thieves hijack a target’s mobile phone number and use that to wrest control over the victim’s online identity.

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10/03/2021

Apple Pay security flaw allows hackers to steal your money when your iPhone is locked

BGR

Researchers in the UK have discovered a flaw in Apple Pay that allows hackers to make unauthorized contactless payments from your iPhone.

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10/03/2021

Duluth Standoff Suspect Also Accused of Attempted Armed Robbery in Superior

fox21online.com

The 30-year-old man allegedly stole a vehicle, drove the wrong way on the Bong Bridge, and attempted to rob a bank at gun point in Superior.

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09/30/2021

Federal grand jury indicts 4 SoCal defendants in scheme to launder Target gift cards purchased by fraud victims from across the US

ICE

LOS ANGELES – Special agents with Homeland Security Investigations (HSI) this morning arrested two people named in an indictment alleging a scheme to launder the proceeds of scams sent to fraudsters via Target gift cards.

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09/28/2021

BBB warns of Venmo scams: Don’t give money to a fake friend

ABC 4

UTAH (ABC4) – Do you use Venmo? If so, make sure you’re not sending money to a fake friend on the app in a new scam.

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09/28/2021

The Importance of Cybersecurity Standards and Certifications for SMBs

The State of Security

In today’s world with cyber attacks hitting the headlines daily, cybersecurity is at the forefront of many business owners’ minds, but implementing the right solutions and knowing what to do to reduce your risk is a big challenge for decision makers in these organizations.

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09/28/2021

How behavioral biometrics can stop social engineering and malware scams dead in their tracks

NuData Security

Suppose you get a frantic call from your aunt, Rose. She tells you that she’s been contacted by IRS collection officers and she owes them money.

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09/26/2021

VoIP company battles massive ransom DDoS attack

AZNet

Canada-based VoIP provider VoIP.ms is still battling a week-long, massive ransom distributed denial of-service (DDoS) attack.

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09/26/2021

CHINA MAKES CRYPTO TRANSACTIONS ILLEGAL, PROMPTING BITCOIN MARKET CRASH

Futurism

China has declared all cryptocurrency transactions and any related activities within its borders illegal — a massive crackdown that has sent Bitcoin plummeting yet again.

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09/26/2021

Bank of America, Zelle Scam Steals Thousands Through Mobile App Payments

Illinois News Today

Chicago (WLS)-New scams target users of popular mobile payment apps. Some have been tricked into paying criminals thousands of dollars.

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09/23/2021

Conti Ransomware

Cybersecurity & Infrastructure Security Agency

The Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) have observed the increased use of Conti ransomware in more than 400 attacks on U.S. and international organizations.

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09/23/2021

https://www.bluemountaineagle.com/news/state/vesta-report-card-not-present-fraud-is-becoming-increasingly-sophisticated-creating-new-threats-for-merchants/article_46ccaafc-19e4-51bc-82d2-91da0b0ac531.

Tech Crunch

The global pandemic, along with the digital transformation it accelerated, broadened corporate attack surfaces exponentially.

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09/23/2021

Vesta Report: Card-Not-Present Fraud is Becoming Increasingly Sophisticated, Creating New Threats for Merchants Across the Globe

Blue Mountain Eagle

PORTLAND, Ore., Sept. 22, 2021 /PRNewswire/ -- Vesta, an end-to-end transaction guarantee platform for online purchases, today released its first Global Card-Not-Present (CNP) Fraud Report, which includes an analysis of millions of digital transactions from the first quarter of 2020 through the first quarter of 2021 to track how CNP fraud evolved during that time frame.

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09/21/2021

How you can recognize and avoid a scam (and help others)

FTC

Each year, Hispanic Heritage Month celebrates the numerous contributions that Hispanic Americans and Latinos have made to our country. This year’s theme, Esperanza: A Celebration of Hispanic Heritage and Hope, encourages us to look forward to future contributions with optimism, hope, and a sense of community.

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09/21/2021

Four months on from a sophisticated cyberattack, Alaska's health department is still recovering

ZDNET

Alaska is still dealing with the fallout of a hack - and its health department warns members of the public their personal data might have been stolen, too.

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09/21/2021

The Line of Defense for Users: 5 Best Practices to Avoid Cyber Attacks

FEI

Here are five best practices for businesses to implement, safeguarding users from falling victim to a cyber attack.

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09/21/2021

Iowa Grain Cooperative Hit by Cyberattack Linked to Ransomware Group

The Wall Street Journal

An Iowa grain co-op said it was hit with a cyberattack that security researchers are linking to newly launched ransomware group BlackMatter, which the researchers said demanded $5.9 million to unlock the organization’s data.

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09/21/2021

Human-Driven Attacks Rose 77% During First Half of 2021

Security Boulevard

In human-driven attacks, fraudsters employ click farms to orchestrate attacks that need more nuanced human interaction. Usually, these attackers step in when bots are unable to bypass fraud defense mechanisms that are designed for need a higher level of human interaction

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09/21/2021

Malicious Email Surge Predicted for Q4

InfoSecurity

Corporate end-users should be on high alert for phishing attacks in the final quarter of the year as this is when most malicious emails are likely to land, according to new research from Tessian.

Details >
09/20/2021

COVID Telehealth Fraud Caused $1.4B in Losses: DOJ

The Crime Report

The Department of Justice has filed criminal charges against 138 defendants — including 42 doctors, nurses, and other licensed medical professionals — for their alleged participation in numerous health care fraud schemes resulting in nearly $1.4 billion in alleged losses, according to the DOJ Office of Public Affairs.

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09/20/2021

AT&T Sued After SIM Swap Attack Results in $560K Crypto Loss for Customer

Be Crypto

U.S. telecom giant AT&T is facing another lawsuit after a customer lost a substantial amount in crypto assets following a SIM swap attack.

Details >
09/19/2021

Trial Ends in Guilty Verdict for DDoS-for-Hire Boss

Krebs on Security

A jury in California today reached a guilty verdict in the trial of Matthew Gatrel, a St. Charles, Ill. man charged in 2018 with operating two online services that allowed paying customers to launch powerful distributed denial-of-service (DDoS) attacks against Internet users and websites.

Details >
09/19/2021

TTEC Resolves Cyber Attack On Technology Systems

Nasdaq

(RTTNews) - TTEC Holdings Inc. (TTEC) said that it resolved the cyber attack on its technology systems.

Details >
09/16/2021

Customer Care Giant TTEC Hit By Ransomware

Krebs on Security

TTEC, [NASDAQ: TTEC], a company used by some of the world’s largest brands to help manage customer support and sales online and over the phone, is dealing with disruptions from a network security incident resulting from a ransomware attack, KrebsOnSecurity has learned.

Details >
09/16/2021

When Cyber War Becomes War

Forbes

As the spectacle of the disorderly U.S. withdrawal from Afghanistan nauseates most Americans, the idea that the U.S. is involved in another potential war caught the attention of many as President Biden shared a warning about cyberattacks leading to a “real shooting war” in a recent speech at the Office for the Director of National Intelligence.

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09/16/2021

BBB Warns of Hackers Targeting iPhones for Identity Theft

NBC 5 Chicago

The Better Business Bureau is warning consumers of cyber hackers targeting iPhones in an effort to commit identity theft.

Details >
09/14/2021

FBI takes over Sangamon County bank robbery, bomb threat case

News Channel 20

SPRINGFIELD, Ill. (WICS/WRSP) — 10:30 P.M. UPDATE: The FBI is still on the scene of the property investigating the incident.

Details >
09/14/2021

Microsoft Patch Tuesday, September 2021 Edition

Krebs on Security

Microsoft today pushed software updates to plug dozens of security holes in Windows and related products, including a vulnerability that is already being exploited in active attacks.

Details >
09/14/2021

Why Is Property Identity Theft One of the Fastest Growing Cybercrimes? You Can Ask Attorney Peter Ticktin who Relishes Bringing the Bad Guys to Justice

Boca Raton Tribune

After a six-year legal battle, Andy Pham’s attorney Peter Ticktin recently won in Nevada District Court a judgement to return Pham’s Las Vegas property and put it back in his name after it was stolen from him by scammers.

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09/14/2021

Increased Exposure: What Financial Institutions Need to Do – Now – to Avoid Fraud Liability stemming from Social Engineering Scams

Security Boulevard

It’s going to get much tougher for financial institutions to avoid being declared as liable in the case of electronic fund transfer (EFT) social engineering scams.

Details >
09/14/2021

One Stolen Password Took Down The Colonial Pipeline — Is Your Business Next?

Forbes

If you didn't think password security was important before, there's no way to turn a blind eye to recent events.

Details >
09/14/2021

2 Nevada men charged with defrauding victims out of $3.3 million in home rental scheme

ICE

LAS VEGAS – Two Las Vegas residents have been indicted for defrauding people seeking to rent houses out of $3.3 million, through a scheme that involved using multiple false identities and counterfeit drivers’ licenses.

Details >
09/14/2021

Walmart says crypto press release is a fake

Retail Wire

Walmart yesterday found itself having to issue a statement calling a press release sent out by Globe Newswire a fake. The false press release claimed that Walmart would begin accept litecoin cryptocurrency payments for online orders.

Details >
09/14/2021

Apple issues urgent iPhone software update to address critical spyware vulnerability

CNN

(CNN Business)Apple has updated its software for iPhones to address a critical vulnerability that independent researchers say has been exploited by notorious surveillance software to spy on a Saudi activist.

Details >
09/14/2021

Wisconsin warns of ransomware threats

Fox 6 Milwaukee

MADISON, Wis. - Attorney General Josh Kaul is warning Wisconsinites to be aware of ever-evolving ransomware threats.

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09/13/2021

My “Cybercrime” Isn’t Your “Cybercrime”

The State of Security

Talk to cybersecurity experts about cybercrime on their network, and they will mention malicious activity like scans, attacks, events, and incidents.

Details >
09/13/2021

KrebsOnSecurity Hit By Huge New IoT Botnet “Meris”

Krebs on Security

On Thursday evening, KrebsOnSecurity was the subject of a rather massive (and mercifully brief) distributed denial-of-service (DDoS) attack.

Details >
09/13/2021

What’s the Total Cost of Fraud — And How Can You Reduce It?

CPO Magazine

High-profile fraud cases from 2020 — such as Coronavirus stimulus check scams, the Wirecard scandal and the breach of Colonial Pipeline at the hands of a ransomware group — underscore the rising threat of cybercrime.

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09/13/2021

Contact 2: BBB warns of rise in job scams, estimated 14 million victims reported last year

Fox2 Now

ST. LOUIS – “We are deeply afraid there’s going to see a real uptick in these things in the very near future.” Better Business Bureau International Investigations Specialist Steve Baker said.

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09/13/2021

Search for bank robbery suspect prompts lockdown at Pine Island School

Bring Me The News

Authorities believe the suspect robber a bank in Rochester, then tried to do the same in Pine Island.

Details >
09/09/2021

Your boss isn’t emailing you about a gift card

FTC

Did you get an email from your boss asking you for a favor? Does your boss need you to send gift cards to pay for an upcoming office party?

Details >
09/09/2021

List of Equipment and Services Covered By Section 2 of The Secure Networks Act

Federal Communications Commission

Section 1.50002 of the Commission’s rules directs the Public Safety and Homeland Security Bureau to publish a list of communications equipment and services (Covered List) that are deemed to pose an unacceptable risk to the national security of the United States or the security and safety of United States persons, based exclusively on any of four sources for such a determination and that such equipment or services possess certain capabilities as enumerated in section 2(a) of the Secure and Trusted Communications Networks Act of 2019, Pub. L. No. 116-124, 133 Stat. 158 (2020) (codified as amended at 47 U.S.C. §§ 1601–1609). Pursuant to the Commission’s rules, the Public Safety and Homeland Security Bureau will maintain this list on the Commission’s website, and will monitor the status of any determinations in order to update the Covered List. More information on how the Covered List is compiled and updated can be found in the Commission’s rules at 47 C.F.R. § 1.50000 et seq.

Details >
09/09/2021

Microsoft: Attackers Exploiting Windows Zero-Day Flaw

Krebs on Security

Microsoft Corp. warns that attackers are exploiting a previously unknown vulnerability in Windows 10 and many Windows Server versions to seize control over PCs when users open a malicious document or visit a booby-trapped website.

Details >
09/09/2021

Octaviano Juarez-Corro Added to the FBI’s List of Ten Most Wanted Fugitives

FBI

FBI Special Agent in Charge (SAC) of the Milwaukee Field Office Robert E. Hughes and Jeffrey B. Norman, acting chief of the Milwaukee Police Department (MPD), announced the addition of a suspect wanted for double homicides and multiple attempted homicides in Milwaukee to the FBI’s list of Ten Most Wanted Fugitives today.

Details >
09/09/2021

Stimulus check scams soared this summer, IRS warns. Here’s what to watch out for

The State

The Internal Revenue Service is urging people to watch out for stimulus check scams after a surge this summer.

Details >
09/07/2021

Amid a surge in ransomware attacks, cities are taking some of the biggest hits

Washington Post

Ransomware attacks have become a scourge for local governments, robbing millions of dollars in ransom payments to hackers and recovery costs from the government entities that can least afford to pay them.

Details >
09/07/2021

Charges: Man tries to rob bank using St. Paul police officer's business card

Yahoo News

Sep. 2—A central Minnesota man was charged Wednesday after attempting to rob a downtown St. Paul bank.

Details >
09/07/2021

Pack of cigarettes leads to arrest of Florida man after bank robbery

KRO 7

ST. PETERSBURG, Fla. — A dropped pack of cigarettes led to the arrest of a Florida man, who is accused of robbing a bank Monday, authorities said.

Details >
09/07/2021

Consumers satisfied with mobile security, yet account privacy and protection concerns remain

Helpnetsecurity.com

More than half of wireless subscribers polled were extremely or somewhat satisfied with the security offered by their mobile operators, according to a mobile security survey released by Global Wireless Solutions (GWS).

Details >
09/07/2021

Credit Unions Turn to Tech, Education to Blunt Real-Time Payment Fraud

PYMNTS.com

Real-time payments are quickly becoming table stakes in the high-speed digital world.

Details >
09/07/2021

SpyFone barred from selling stalking apps that secretly monitor phone activity

FTC

Phone monitoring apps designed to avoid detection by the owner of the phone don’t just invade your privacy — they make it possible for stalkers and domestic abusers to track the location of the person they are targeting in real-time.

Details >
09/07/2021

Ransomware Awareness for Holidays and Weekends

Cybersecurity & Infrastructure Security Agency

The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) have observed an increase in highly impactful ransomware attacks occurring on holidays and weekends—when offices are normally closed—in the United States, as recently as the Fourth of July holiday in 2021.

Details >
09/07/2021

How to spot, stop, and report post-disaster scams

FTC

Whether you’re starting to assess the damage from Hurricane Ida, the recent flooding in Tennessee, the wildfires in the West, or another natural disaster, coping with the aftermath is never easy.

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09/03/2021

Merchants Fight Back as AI, Big Data Offer Unprecedented Cyber Defenses

PYMNTS.com

For anyone who has experienced fraud — be they retailer, restaurant or consumer — it’s a nightmare situation of filled with stress, lost time and money, as well as shattered trust.

Details >
09/03/2021

Be On The Lookout For Hurricane Ida Scams And Rumors

Forbes Advisor

As victims of Hurricane Ida evaluate property damage, they should be wary of hurricane-related scams and rumors about financial relief.

Details >
09/03/2021

Stimulus Check Scams Account For Highest Level Of Phishing Attempts In More Than A Decade

Forbes Advisor

Although the last round of pandemic stimulus payments was delivered in the spring, scammers are still trying to take advantage of Americans.

Details >
09/03/2021

Gift Card Gang Extracts Cash From 100k Inboxes Daily

Krebs on Security

Some of the most successful and lucrative online scams employ a “low-and-slow” approach — avoiding detection or interference from researchers and law enforcement agencies by stealing small bits of cash from many people over an extended period.

Details >
09/03/2021

Ransomware Awareness for Holidays and Weekends

CISA

The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) have observed an increase in highly impactful ransomware attacks occurring on holidays and weekends—when offices are normally closed—in the United States, as recently as the Fourth of July holiday in 2021.

Details >
09/01/2021

15-Year-Old Malware Proxy Network VIP72 Goes Dark

Krebs on Security

Over the past 15 years, a cybercrime anonymity service known as VIP72 has enabled countless fraudsters to mask their true location online by routing their traffic through millions of malware-infected systems.

Details >
09/01/2021

Government watchdog finds pandemic relief fraud potentially worth billions

ABC News

A new report from the federal watchdog overseeing the trillions in approved coronavirus relief funds says several relief programs potentially disbursed nearly $100 billion in fraudulent relief money.

Details >
09/01/2021

Scammers have bilked consumers out of $545 million in Covid-related fraud

CNBC

Scammers have bilked Americans out of $545 million in Covid-related fraud since the beginning of 2020 in a range of schemes from online shopping to travel, according to the FTC.

Details >
09/01/2021

Your Employees Are Your Best Defense Against Cyberattacks

Harvard Business Review

According to the FBI, cybercriminals scammed $26 billion between October 2013 and July 2019 with the “Business Email Compromise” scam that, using deceptive and manipulative social engineering techniques, lured employees and individuals into divulging their credentials and eventually making unauthorized transfers or funds.

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09/01/2021

Federal Charges Filed in Deadly East St. Louis Bank Robbery

US Attorney's Office of Southern District of Illinois

EAST ST. LOUIS, Ill. – Two East St. Louis men are facing federal charges today for a deadly bank robbery over the weekend. Jaylan D. Quinn, 22, and Andrew R. Brinkley, 19, have been charged in a two-count criminal complaint for the August 27 armed robbery of the First Bank in East St. Louis that resulted in the murder of security guard Ted Horn.

Details >
09/01/2021

Bank of America, Zelle Scam Steals Thousands Through Mobile App Payments

Illinois News Today

Chicago (WLS)-New scams target users of popular mobile payment apps. Some have been tricked into paying criminals thousands of dollars.

Details >
09/01/2021

Crypto Wallet MetaMask Surpasses 10M Monthly Active Users

PYMNTS.com

The blockchain technology company ConsenSys announced on Tuesday (Aug. 31) that its MetaMask cryptocurrency wallet has surpassed 10 million monthly active users.

Details >
09/01/2021

Credit Unions Turn to Tech, Education to Blunt Real-Time Payment Fraud

PYMNTS.com

Real-time payments are quickly becoming table stakes in the high-speed digital world.

Details >
09/01/2021

IRS Warns About Stimulus Check Scams After Receiving Record Number of Reports

Newsweek

The Internal Revenue Service (IRS) is warning Americans about stimulus check scams after receiving a record number of reports this summer.

Details >
08/30/2021

Brute Force Email Attacks and Account Takeover Attempts Rise 671%, Reaching Unprecedented Levels, According to Abnormal Security Research

Yahoo Finance

SAN FRANCISCO, August 30, 2021--(BUSINESS WIRE)--Abnormal Security, provider of a leading cloud-native email security platform that leverages behavioral data science to stop modern email attacks, today released its Q3 2021 Email Threat Report.

Details >
08/29/2021

Eight Indicted in Nationwide Grandparent Fraud Scam

US Attorney's Office District of California

SAN DIEGO – Eight people are charged in a federal grand jury indictment unsealed this week, accused of participating in a criminal enterprise that has stolen millions of dollars from elderly victims in San Diego County and around the nation.

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08/29/2021

Deepfakes in cyberattacks aren’t coming. They’re already here.

Venture Beat

In March, the FBI released a report declaring that malicious actors almost certainly will leverage “synthetic content” for cyber and foreign influence operations in the next 12-18 months.

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08/26/2021

'This is not a joke:' Des Moines woman charged in Monday bank robbery

kcci.com

DES MOINES, Iowa — A woman accused of robbing a bank in downtown Des Moines is now in custody.

Details >
08/26/2021

FBI warns of OnePercent ransomware gang – what you need to know

The State of Security

The FBI has published a warning about a ransomware gang called the OnePercent Group, which has been attacking U.S. companies since November 2020.

Details >
08/26/2021

Man Robbed of 16 Bitcoin Sues Young Thieves’ Parents

Krebs on Security

In 2018, Andrew Schober was digitally mugged for approximately $1 million worth of bitcoin. After several years of working with investigators, Schober says he’s confident he has located two young men in the United Kingdom responsible for using a clever piece of digital clipboard-stealing malware to siphon his crypto holdings. Schober is now suing each of their parents in a civil case that seeks to extract what their children would not return voluntarily.

Details >
08/26/2021

CFPB Proposes Settlement with Debt Collector for Failing to Investigate Identity Theft Reports

jdsupra.com

The Consumer Financial Protection Bureau (CFPB) has filed a proposed settlement in an attempt to resolve a lawsuit against a debt collection enterprise and its owner, with the CFPB stating that it "will not tolerate companies that put inaccurate data on credit reports or fail to investigate consumers' disputes."

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08/26/2021

What Is Account Takeover Fraud and How Can You Prevent It?

Experian

Account takeover fraud—in which bad actors use stolen credentials to commandeer real credit card, shopping or even government benefit accounts—is one of the most common forms of identity theft.

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08/26/2021

Banks Warned That Crypto Could Replace Dollar Within Five Years

Futurism

"Participation in the age of digital assets is not an option, it is inevitable."

Details >
08/23/2021

Legislation (S.1465/A.1073) Requires Banking Institutions that Maintain Checking Accounts to Pay Checks in the Order they Are Received

governor.ny.gov

Banks May Dishonor Checks Due to Insufficient Funds but Must Honor Smaller Checks if Customer Is Able to Pay

Details >
08/23/2021

BitPay CFO: Crypto Here To Stay As People Have Big Incentives To Pay

PYMNTS.com

Mainstream adoption of cryptocurrency is still some way off, partly because a lack of education — especially among older consumers — saps confidence. But when it comes to spending crypto by those that already have it, BitPay Chief Financial Officer Jagruti Solanki said there are strong incentives that are just too good to ignore, a reality that will ensure it emerges as the next evolution in modern alternative payments.

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08/23/2021

M&T Bank Says Blanket Approach To Security Smothers Customer Experience

PYMNTS.com

March 2020 marked a watershed moment for digital banking. It marked the mass acceleration away from branches and onto banking sites and apps, with more consumers banking digitally than ever.

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08/20/2021

WARNING: Email from FTC Chair Lina Khan about Coronavirus money is fake

FTC

Scammers are impersonating FTC Chair Lina Khan in a new phishing scheme.

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08/20/2021

Don’t buy fake COVID-19 vaccine cards or negative test results. Here’s why

FTC

More and more places are requiring proof that you’ve had a COVID-19 vaccine or have recently tested negative before giving you access.

Details >
08/20/2021

Why Are Ransomware Attacks Against OT Increasing?

The State of Security

Most discussions around cybersecurity understandably focus on information technology (IT). Assets like cloud services and data centers are typically what companies spend the most time and effort securing.

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08/20/2021

Arming the Industry with Resources to Fight Synthetic Identity Fraud

The Federal Reserve

To continue addressing the growing threat of synthetic identity fraud (SIF) – which is often miscategorized and misunderstood – new resources targeting education and awareness, detection, and mitigation strategies are being developed for the payments industry.

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08/20/2021

FBI increases reward for information about serial bank robber

The Journal

FARMINGTON – The FBI increased the reward amount from $2,000 to $5,000 for information leading to the arrest of an unidentified bank robber.

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08/20/2021

T-Mobile: Breach Exposed SSN/DOB of 40M+ People

Krebs on Security

T-Mobile is warning that a data breach has exposed the names, date of birth, Social Security number and driver’s license/ID information of more than 40 million current, former or prospective customers who applied for credit with the company.

Details >
08/20/2021

Wanted: Disgruntled Employees to Deploy Ransomware

Krebs on Security

Criminal hackers will try almost anything to get inside a profitable enterprise and secure a million-dollar payday from a ransomware infection.

Details >
08/20/2021

Rock Island County Board calls for resignation of County Auditor following suspected wire fraud theft

KWQC IL

ROCK ISLAND, Ill. (KWQC) - During Tuesday’s Rock Island County Board meeting, board members in a nearly unanimous motion called for the resignation of the county Auditor and Deputy Auditor.

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08/19/2021

T-Mobile Shares Additional Information Regarding Ongoing Cyberattack Investigation

Businesswire

BELLEVUE, Wash.--(BUSINESS WIRE)--As we shared yesterday, we have been urgently investigating the highly sophisticated cyberattack against T-Mobile systems, and in an effort to keep our customers and other stakeholders informed we are providing the latest information we have on this event and some additional details:

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08/18/2021

Man Fails at Robbing a Bank Because Staff Couldn't Read His Handwriting

AmoMama

A 67-year-old retired man has become popular for his poor robbery skills after his poor writing skills cost him his attempt to rob a bank. Here is how it happened.

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08/16/2021

BBB Scam Alert: Watch out for fraudulent QR codes

OA Online

In an effort to minimize physical contact at businesses across the nation in response to the COVID-19 pandemic, many companies have turned to QR codes to guide customers to their apps, menus, events or package tracking services.

Details >
08/16/2021

T-Mobile Investigating Claims of Massive Data Breach

Krebs on Security

Communications giant T-Mobile said today it is investigating the extent of a breach that hackers claim has exposed sensitive personal data on 100 million T-Mobile USA customers, in many cases including the name, Social Security number, address, date of birth, phone number, security PINs and details that uniquely identify each customer’s mobile device.

Details >
08/16/2021

Poly Network Suffers Record-Breaking $600.3 Million Hack

Decrypt

Multi-chain interoperability protocol Poly Network fell victim to an exploit today, resulting in the loss of roughly $600 million worth of various cryptocurrencies, the platform's developers revealed.

Details >
08/16/2021

Hackers are using hacked Chipotle email account to steal your passwords

Teiss.co.uk

Hackers have reportedly taken control of an email marketing account used by the Chipotle food chain and are using the account to fool Internet users into sharing their personal information on credential-harvesting sites.

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08/16/2021

Phishing scheme targets unemployment insurance benefits and PII

FTC

Have you gotten an alarming text message about your unemployment insurance benefits from what seems to be your state workforce agency?

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08/15/2021

FBI offers $5,000 reward for arrest of serial bank robber

KRQE

SANTA FE, N.M. (KRQE) – The FBI is searching for a man who they believe robbed seven New Mexico banks in one month. Thursday afternoon, a man robbed a U.S. Bank branch in Santa Fe and the FBI believes it is the same person. They’ve increased the reward for his arrest and conviction to up to $5,000.

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08/15/2021

'Easy money': How international scam artists pulled off an epic theft of Covid benefits

NBC News

Russian mobsters, Chinese hackers and Nigerian scammers have used stolen identities to plunder tens of billions of dollars in pandemic aid, officials say.

Details >
08/13/2021

Check-cashing scam could allow crooks access to your bank account, Roxboro police warn

CBS17.com

ROXBORO, N.C. (WNCN) – Roxboro police issued a warning Thursday about a check-cashing scam brought to their attention.

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08/13/2021

Microsoft warning: This unusual malware attack has just added some new tricks

ZDNet

Microsoft's Security Intelligence team is once again raising an alarm about the call center phishing and malware group behind what it calls BazaCall.

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08/13/2021

New Anti Anti-Money Laundering Services for Crooks

Krebs on Security

A new dark web service is marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. Dubbed “Antinalysis,” the service purports to offer a glimpse into how one’s payment activity might be flagged by law enforcement agencies and private companies that try to link suspicious cryptocurrency transactions to real people.

Details >
08/12/2021

New scam tries to use your phone number to fleece others

11 Eyewitness News

It's a new scam that tries to use your phone number to scam others. If you post your phone number in any public forum, you could be at risk.

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08/11/2021

Metal Credit Cards Take On New Role As Virtual Ignition Keys To A Password-less World

PYMNTS.com

At first glance, the metal or plastic credit card’s place in the connected economy seems a bit … well, tenuous.

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08/11/2021

Attorney general, KHEAA warning Kyians of new threat of scams involving student loan applications

Northern Kentucky Tribune

Officials are alerting Kentucky consumers about an identity theft scam involving student loan and financial aid applications.

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08/11/2021

Phishing In a Post-Pandemic World

CPO Magazine

From cancelling important events to converting our dining room tables into offices, the COVID-19 pandemic disrupted nearly every aspect of our lives.

Details >
08/10/2021

Microsoft Patch Tuesday, August 2021 Edition

Krebs on Security

Microsoft today released software updates to plug at least 44 security vulnerabilities in its Windows operating systems and related products. The software giant warned that attackers already are pouncing on one of the flaws, which ironically enough involves an easy-to-exploit bug in the software component responsible for patching Windows 10 PCs and Windows Server 2019 machines.

Details >
08/09/2021

Ransomware Gangs and the Name Game Distraction

Krebs on Security

It’s nice when ransomware gangs have their bitcoin stolen, malware servers shut down, or are otherwise forced to disband. We hang on to these occasional victories because history tells us that most ransomware moneymaking collectives don’t go away so much as reinvent themselves under a new name, with new rules, targets and weaponry. Indeed, some of the most destructive and costly ransomware groups are now in their third incarnation.

Details >
08/09/2021

How Social Norms Can Be Exploited by Scammers on Social Media

The State of Security

Social media platforms are excellent hunting grounds for scammers. This is where we connect with our friends or people who we have something in common with.

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08/09/2021

Joplin says cybersecurity incident was due to ransomware

KOMAnewsnow.com

JOPLIN, Mo. – The City of Joplin says so far, investigators have determined a cybersecurity incident was due to ransomware. Officials released the following update today.

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08/09/2021

Consumer advocates recommend more protections for peer-to-peer payment platforms abused by coronavirus scammers

cleveland.com

WASHINGTON, D.C. - The coronavirus pandemic has been a boom time for scammers, many of whom ply their trade through insecure peer-to-peer payment platforms that have a three to four times higher fraud rate than traditional payment methods such as debit and credit cards, expert witnesses told a Senate Banking, Housing and Urban Development subcommittee this week.

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08/09/2021

Tulsa Man Sentenced for Applying for Paycheck Protection Program Loans under False Pretenses

U.S. Attorney's Office Northern District of Oklahoma

A Tulsa man who fraudulently applied for Paycheck Protection Program forgivable loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act was sentenced today in federal court, announced Acting U.S. Attorney Clint Johnson.

Details >
08/08/2021

New fraudulent SMS floating all around

Techgaingreport.com

SMS fraud is on the increase. Some time ago there were messages with bogus offer notifications, now there is a new wave. Right now, there are much more and much more SMS messages in circulation by way of a so-termed voicemail (frequently also called a voicemail or mailbox concept).

Details >
08/08/2021

FBI warns about virtual kidnapping scams in Montana

East Idaho News.com

HELENA, Montana (Independent Record) — The Federal Bureau of Investigation is warning the public about virtual kidnapping scams targeting families in western Montana.

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08/04/2021

Driver’s license stolen over 2 years ago still being used for identity theft

WFTS Tampa Bay

PINELLAS COUNTY — In March 2019 Corey, who asked that her last name not be used, drove to Largo’s East Lake Park to walk her dogs. Corey stashed her purse under the driver’s seat but a thief smashed the driver’s window and snatched her purse.

Details >
08/04/2021

At Large For Two Years: Local Bank Robbery Fugitive Captured in South Dakota

River Bender

ST. LOUIS — Special Agent in Charge Richard Quinn of the Federal Bureau of Investigation (FBI) St. Louis Division announces Ricardo Rusan, 55, was captured in Sioux Falls, South Dakota, after two years on the run.

Details >
08/03/2021

So You've Been Pwned: What To Do When Your Private Data Goes Public

PC Mag

No company is safe from data breaches, from food-service behemoths like McDonald’s to e-commerce merchants like Shopify.

Details >
08/02/2021

Unlocking Instant Payments: Preparation is Key

The Federal Reserve - FedPayments Improvement

Faster payments, which include instant payments, continue to be a key topic of consideration and curiosity around the world. As progress continues here in the United States, now is the time to brush up on your instant payments knowledge.

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08/02/2021

Remote Authentication Fraud: Are You Who You Say You Are?

The Federal Reserve - FedPayments Improvement

As e-commerce volumes continue to increase, the Federal Reserve has been working in collaboration with payments professionals over the past two years to research key remote authentication fraud challenges and mitigation efforts.

Details >
08/02/2021

Maple Grove Man Pleads Guilty to $9.6 Million Scheme to Defraud the Small Business Administration’s Paycheck Protection Program

US Attorney's Office District of Minnesota

MINNEAPOLIS – A Maple Grove man pleaded guilty today to fraudulently applying for $9,619,046.46 from the U.S. Small Business Administration’s Paycheck Protection Program, of which he fraudulently obtained and misappropriated more than $1.7 million, announced Acting U.S. Attorney W. Anders Folk.

Details >
08/02/2021

The Life Cycle of a Breached Database

Krebs on Security

Every time there is another data breach, we are asked to change our password at the breached entity. But the reality is that in most cases by the time the victim organization discloses an incident publicly the information has already been harvested many times over by profit-seeking cybercriminals.

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08/02/2021

How voice biometrics can protect your customers from fraud

Venture Beat

Voice identity verification is catching on, especially in finance. Talking is convenient, particularly for users already familiar with voice technologies like Siri and Alexa. Voice identification offers a level of security that PIN codes and passwords can’t, according to experts from two leading companies innovating in the voice biometrics space.

Details >
08/02/2021

BlackMatter rises from the ashes of notorious cybercrime gangs to pose new ransomware threat

State of Security

A new ransomware gang that calls itself BlackMatter has launched itself on the dark web, and is actively attempting to recruit criminal partners and affiliates to attack large organisations in the United States, UK, Canada, and Australia.

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08/02/2021

Illinois’ unemployment agency has another fraud problem: Thieves ‘hijacking’ people’s payments

Chicago Tribune

Warren Winston thought he’d escaped all the unemployment fraud occurring across the country.

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08/02/2021

The US Needs A Stronger Commitment To Cybersecurity

Forbes

The Colonial Pipeline ransomware attack illustrated the vulnerability of America’s critical infrastructure to a security breach. Fuel shortages and rising prices got people’s attention.

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08/02/2021

Hackers are using hacked Chipotle email account to steal your passwords

Teiss

Hackers have reportedly taken control of an email marketing account used by the Chipotle food chain and are using the account to fool Internet users into sharing their personal information on credential-harvesting sites.

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08/02/2021

Police Warn Of ‘Check Washing’ Scam After Suspects Steal Edmond Woman’s Checks From USPS Mailbox

Oklahoma's Own 9

EDMOND, Oklahoma - An Edmond woman was shocked to learn someone stole her checks from a USPS collection box, washed the ink off and tried cashing it.

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08/02/2021

California Promoter of Foreign Cryptocurrency Companies Pleads Guilty for Role in Multimillion-Dollar Securities Fraud Scheme

Imperial Valley News

New York - A California man pleaded guilty Friday in the Eastern District of New York for his participation in a coordinated cryptocurrency and securities fraud scheme through purported digital currency platforms and foreign-based financial accounts.

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08/02/2021

Taking a Look at AWS and Cloud Security Monitoring

The State of Security

More and more companies understand the benefits of cloud computing, which is making their migration to the cloud more rapid.

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08/02/2021

Parents beware: Fraudsters eyeing child tax credit in next Covid relief scam

KOAA News 5

COLORADO SPRINGS — Using pandemic related schemes fraudsters have managed to steal almost $500 million from hundreds of thousands of Americans who say they fell for it. News5 takes a deep dive into the latest Covid relief scam and it's one parents should know about.

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07/28/2021

How To Survive A Cybersecurity Attack

Forbes

In a Forbes article several weeks ago, I observed that the remote work model creates a greater cybersecurity threat since it exposes us to bad actors in ways that are much riskier than when we’re all working in our offices with the benefits of technological and social barriers to attacks.

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07/28/2021

Illinois residents targeted by identity theft scammers

Fox 32 Chicago

CHICAGO - The Better Business Bureau is issuing a warning about surge of imposter and phishing scams across Illinois that affect several government departments. Scammers are trying to get their hands on your driver’s license and state ID.

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07/26/2021

Get ready for instant payments: Fraud edition

Federal Reserve Bank

As your organization considers how to take advantage of instant payments to enable things like just-in-time payroll and bill pay, it’s important to review your key systems for readiness.

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07/25/2021

Why Identity Thefts Are Increasing Each Passing Day

Tech Day

Imagine waking up one day to find that there is a bungalow 5,000 miles away, in your name, being foreclosed. Or getting a call from a debt collection agency nagging you to repay a $200,000 loan that you never took out.

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07/25/2021

Is the U.S. finally taking cyberattacks seriously?

Hawaii Tribune

We’re barely a month out from the Colonial Pipeline hacking, perpetrated by the Russian-speaking hacking group DarkSide, which left thousands of Americans without gas, preventing many from accessing food or medicine.

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07/25/2021

Experts Say Cyberattacks Likely To Result In Blackouts In U.S.

Forbes

On the day before Christmas Eve 2015, a cyberattack hit the power grid in Ukraine, shutting off power to about half the homes in the Ivano-Frankivsk region of the country.

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07/25/2021

Florida’s unemployment site hacked, 57,000 accounts involved in data breach

News Channel 8

HILLSBOROUGH COUNTY, Fla. (WFLA) – Over 57,000 unemployment accounts have been connected to a Florida Department of Economic Opportunity data breach.

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07/22/2021

As Stimulus Funds Wane US Economy Will Slow, Experts Say

PYMNTS.com

The U.S. economy's recovery might have already hit its peak for the time being.

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07/21/2021

Spam Kingpin Peter Levashov Gets Time Served

Krebs on Security

A federal judge in Connecticut today handed down a sentence of time served to spam kingpin Peter “Severa” Levashov, a prolific purveyor of malicious and junk email, and the creator of malware strains that infected millions of Microsoft computers globally.

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07/21/2021

WYNDMERE BANK ROBBERY SUSPECT ARRESTED IN MOORHEAD

News Dakota

WYNDMERE, N.D. (KFGO) – A woman has been arrested for the robbery of Lincoln State Bank in Wyndmere, west of Wahpeton. The bank was held up at gunpoint shortly before 11 a.m. Monday.

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07/20/2021

Alabama and Georgia Women Plead Guilty to Involvement in $4 Million Stolen Identity Refund Fraud Ring

US Department of Justice

Two Phenix City, Alabama, women and a Columbus, Georgia, woman pleaded guilty for their roles in a stolen identity refund fraud (SIRF) conspiracy, Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department's Tax Division and U.S. Attorney George L. Beck Jr. of the Middle District of Alabama announced today.

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07/19/2021

Don’t Wanna Pay Ransom Gangs? Test Your Backups.

Krebs on Security

Browse the comments on virtually any story about a ransomware attack and you will almost surely encounter the view that the victim organization could have avoided paying their extortionists if only they’d had proper data backups.

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07/19/2021

SWEEPSTAKE SCAM Urgent warning issued over text message hoax that claims you’ve won an Amazon lottery as victims reveal losses

The Sun

CONSUMERS must be aware of a new scam pretending to be an Amazon lottery and spreading nationwide, the Better Business Bureau has advised.

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07/19/2021

SIM SWAPPING: A HOT FRAUD, BUT YOU CAN STOP IT COLD

Techgenix.com

SIM-swapping frauds are on the rise. SIM swapping is a type of account takeover scam where hackers take control of your phone number to access all kinds of personal information.

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07/19/2021

Bay Area Water System Surfaces as an Apparent Cyber Victim

Industry Week

News is surfacing about another cyber attack, this time targeting a major water system.

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07/19/2021

4 types of cybercrime we’ll face in the future

The Future of Things

The world of technology can feel a bit like the Wild West. It’s advancing quickly, and there are new cyberthreats emerging all the time. To find out how to prepare for the future, we turned to ESET. Their experts deal with the effects of cybercrime every day. Here, they give us a glimpse into the future of cybersecurity, and explain how we can be proactive and protect ourselves.

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07/16/2021

Covid scams cost Americans nearly $500 million — and criminals are now eyeing the child tax credit

CNBC

Americans have lost nearly $500 million to Covid-related scams since the start of the pandemic, according to Federal Trade Commission data.

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07/16/2021

Menomonee Falls police seek two suspects after identity theft at Home Depot

WDJT - Milwaukee

MENOMONEE FALLS, Wis. (CBS 58) -- The Menomonee Falls Police Department is investigating an identity theft that happened at Home Depot on July 4.

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07/16/2021

A 42-year-old Milwaukee man gets 36 months in prison for his role in a fraud scheme involving COVID relief funds

Milwaukee Journal Sentinel

A Milwaukee resident who fraudulently obtained COVID relief money meant for struggling small businesses was sentenced Wednesday to 36 months in prison with two years of supervised release, and ordered to repay $397,500.

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07/16/2021

Fraud and Abuse Continues in the New Normal of eCommerce and Travel

Security Boulevard

Evolving trends in fraud and abuse show eCommerce and travel providers are prime targets as attackers leverage online shopping conveniences to monetize stolen credentials and payment details.

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07/14/2021

How Mastercard is Using AI to Better Understand and Adapt to Risk

Venturebeat.com

As with just about every industry, AI has increasingly infiltrated the financial sector — from visual AI tools that monitor customers and workers to automating the Paycheck Protection Program (PPP) application process.

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07/14/2021

Work from home fueling cyberattacks, says global financial watchdog

NBC News

Financial firms may need to bolster their defenses in the face of rocketing cyberattacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday.

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07/14/2021

Microsoft to acquire cybersecurity firm RiskIQ as cyber threats mount

CNN Business

New York (CNN Business)Microsoft on Monday announced that it's buying cybersecurity firm RiskIQ to help companies better protect themselves as ransomware and other cyber attacks become increasingly disruptive.

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07/14/2021

8 sentenced in Georgia counterfeit check cashing ring

WRBL.com

COLUMBUS, Ga. (WRBL) – Eight defendants have been sentenced by a federal judge for their role in a counterfeit check cashing scheme.

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07/14/2021

Microsoft Patch Tuesday, July 2021 Edition

Krebs on Security

Microsoft today released updates to patch at least 116 security holes in its Windows operating systems and related software. At least four of the vulnerabilities addressed today are under active attack, according to Microsoft.

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07/14/2021

Spike in “Chain Gang” Destructive Attacks on ATMs

Krebs on Security

Last summer, financial institutions throughout Texas started reporting a sudden increase in attacks involving well-orchestrated teams that would show up at night, use stolen trucks and heavy chains to rip Automated Teller Machines (ATMs) out of their foundations, and make off with the cash boxes inside. Now it appears the crime — known variously as “ATM smash-and-grab” or “chain gang” attacks — is rapidly increasing in other states.

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07/09/2021

Fraudsters find call centers attractive targets during and after COVID-19

Benefits Pro

Financial services organizations said concerns about fraud originating from call centers ticked up last year, as fraudsters used pandemic to exploit vulnerabilities.

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07/09/2021

How Intelligent Friction Trips Up The Fraudsters

PYMNTS.com

“The criminals are always opportunistic.”

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07/09/2021

Lazarus gang targets engineers with job offers using poisoned emails

The State of Security

Security researchers at AT&T Alien Labs report that a notorious hacking group has been targeting engineers working in the defense industry.

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07/08/2021

Targeting the troops

FTC

While American servicemembers stand ready to defend the nation, smalltime scammers and large corporations alike have them in their sights.

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07/08/2021

Fraudsters Are Having Their Day, but Fraud Prevention Plans Can Stop Them in Their Tracks

Payments Journal

Security breaches are happening left and right. It’s not uncommon for consumers to receive a letter or an email alerting them that their information has been compromised.

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07/07/2021

Attack The Root Cause Of Cyber Threats, One Employee At A Time

Forbes

Forced to work from home without in-person access to information, minimal human interaction and limited IT support, “disrupted employees” have no choice but to utilize unprotected home networks and personal devices often shared by family members.

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07/07/2021

What is a supply chain cyber attack?

QZ.com

The Kaseya cyberattack disrupted more than 1,000 businesses over the Fourth of July weekend and may turn out to be one of the biggest hacks in history.

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07/07/2021

Intuit to Share Payroll Data from 1.4M Small Businesses With Equifax

Krebs on Security

Financial services giant Intuit this week informed 1.4 million small businesses using its QuickBooks Online Payroll and Intuit Online Payroll products that their payroll information will be shared with big-three consumer credit bureau Equifax starting later this year unless customers opt out by the end of this month.

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07/07/2021

Microsoft Issues Emergency Patch for Windows Flaw

Krebs on Security

Microsoft on Tuesday issued an emergency software update to quash a security bug that’s been dubbed “PrintNightmare,” a critical vulnerability in all supported versions of Windows that is actively being exploited.

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07/07/2021

NJ bank robbery suspect caught ‘red-handed’ after cameras record dye pack explosion

WE Proud

(NEXSTAR) – A suspected bank robber faces multiple charges after surveillance video of a dye pack explosion and tips from the community led to his arrest, according to Newark, New Jersey authorities.

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07/07/2021

Protecting Your Online Privacy: Three Levels of Security

The State of Security

Data leaks happen once every few months at least. Millions of users can have their phone number, address, and Social Security Number smeared across the internet in a matter of seconds.

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07/07/2021

Robocall scams are costing Americans billions – here’s how to protect yourself

Ladders

Robocalls and phone scammers are not only annoying, they’re thieves.

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07/07/2021

Top 5 Scam Techniques: What You Need to Know

The State of Security

Scammers are increasingly resourceful when coming up with scam techniques. But they often rely on long-standing persuasion techniques for the scam to work.

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07/05/2021

Another 0-Day Looms for Many Western Digital Users

Krebs on Security

Countless Western Digital customers saw their MyBook Live network storage drives remotely wiped in the past month thanks to a bug in a product line the company stopped supporting in 2015, as well as a previously unknown zero-day flaw.

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07/05/2021

Ransomware attack on software manager hits 200 companies

NBC News

A successful ransomware attack on a single company has spread to at least 200 organizations and likely far more, according to cybersecurity firm Huntress Labs, making it one of the single largest criminal ransomware sprees in history.

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07/05/2021

Ransomware attacks driving cyber reinsurance rates up 40%

Forbes

NBC News reported on Friday that, “A successful ransomware attack on a single company has spread to at least 200 organizations, according to cybersecurity firm Huntress Labs, making it one of the single largest criminal ransomware sprees in history.”

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07/05/2021

Gang behind huge cyber-attack demands $70m in Bitcoin

BBC

The gang behind a "colossal" ransomware attack has demanded $70m (£50.5m) paid in Bitcoin in return for a "universal decryptor" that it says will unlock the files of all victims.

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07/05/2021

Gang behind huge cyber-attack demands $70m in Bitcoin

BBC

The gang behind a "colossal" ransomware attack has demanded $70m (£50.5m) paid in Bitcoin in return for a "universal decryptor" that it says will unlock the files of all victims.

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07/02/2021

Arizona man who threatened to set off bomb in bank robbery attempt wanted to pay rent and buy car, police say

Fox News

Anekin Genesis pointed to his watch and told Glendale bank employees 'they were running out of time,' police said

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07/01/2021

Authorities Seize DoubleVPN Service Used by Cybercriminals

The Hacker News

A coordinated international law enforcement operation resulted in the takedown of a VPN service called DoubleVPN for providing a safe haven for cybercriminals to cover their tracks.

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07/01/2021

'Perfect storm': Bulletin warns of extremist violence as pandemic restrictions lift

ABC News

Federal authorities are deeply concerned about the possibility of domestic terror and violence, including mass shootings, as the Fourth of July holiday approaches and the summer season gets fully underway.

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07/01/2021

We Infiltrated a Counterfeit Check Ring! Now What?

Krebs on Security

Imagine waking up each morning knowing the identities of thousands of people who are about to be mugged for thousands of dollars each.

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07/01/2021

Massive data leak exposes 700 million LinkedIn users’ information

Fortune

Personal data for 700 million LinkedIn users—nearly 93% of the company’s members—has been put up for sale online.

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06/30/2021

FBI Honors AARP Minnesota with Director’s Community Leadership Award

FBI

MINNEAPOLIS, MN—The FBI’s Minneapolis Field Office has announced that Jay Haapala, Associate State Director-Community Engagement for AARP Minnesota, is the recipient of the 2020 Director’s Community Leadership Award (DCLA).

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06/30/2021

Cyber insurance isn't helping with cybersecurity, and it might be making the ransomware crisis worse, say researchers

ZDNET

Allowing organisations to claim back ransom payments could be making the problem of ransomware worse - but cyber insurance could be used to help improve security, says RUSI research paper.

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06/30/2021

IRS announces 'Dirty Dozen' tax scams for 2021

Salina Post

WASHINGTON — The Internal Revenue Service today began its "Dirty Dozen" list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious schemes and scams.

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06/29/2021

MyBook Users Urged to Unplug Devices from Internet

Krebs on Security

Hard drive giant Western Digital is urging users of its MyBook Live brand of network storage drives to disconnect them from the Internet, warning that malicious hackers are remotely wiping the drives using a critical flaw that can be triggered by anyone who knows the Internet address of an affected device.

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06/29/2021

State Legislatures Consider Bans on Ransomware Payments

Alston & Bird

As ransomware attacks continue to dominate the news cycle, legislation has recently been introduced in several states that would place limits on certain entities’ ability to pay a ransom payment in the event of a ransomware attack.

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06/28/2021

Two Minnesota men charged in pump-and-dump stock scheme

Duluth News Tribune

Saeid Jaberian, 59, of Hopkins, Mark Miller, 43, of Breezy Point, and Christopher Rajkaran, 35, of New York, devised a plan to acquire large amounts of stock in dormant public shell companies that traded over-the-counter at low prices, often less that 1 cent per share, according to a recently unsealed indictment.

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06/28/2021

Data Silos Are A Fraudsters Best Friend

PYMNTS.com

The vast majority of those who make it to a merchant’s checkout page are the good guys.

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06/28/2021

A Mysterious Cyberattack Is Completely Erasing Western Digital MyBook Live Drives

Forbes

For years, Western Digital’s cloud-connected MyBook Live hard drives have been trusted by millions to back up and share their important files.

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06/28/2021

Suspected bank robber made off with $11K in 6 hold-ups

WANE

DAYTON, Ohio. (WANE) — An alleged serial bank robber accused of robbing several banks across Indiana and Ohio will have his first appearance in U.S. District Court Tuesday.

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06/28/2021

How to Get the Best Credit Card Fraud Protection

Experian

Identity theft is big business for criminals. According to the Federal Trade Commission (FTC), identity theft reports more than doubled from 2019 to 2020, from 650,572 to 1,387,615.

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06/28/2021

How the Semiconductor Shortage Is Putting a Crimp in Chip Card Production

Digital Transactions

The global shortage of semiconductors that has impacted myriad industries that use the chips, from automakers and electronics manufacturers to defense contractors and even soap manufacturers, is poised to affect payment card manufacturers, the Smart Payment Association announced Monday.

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06/28/2021

How Cyber Safe is Your Drinking Water Supply?

Krebs on Security

Amid multiple recent reports of hackers breaking into and tampering with drinking water treatment systems comes a new industry survey with some sobering findings: A majority of the 52,000 separate drinking water systems in the United States still haven’t inventoried some or any of their information technology systems — a basic first step in protecting networks from cyberattacks.

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06/28/2021

How Cyber Sleuths Cracked an ATM Shimmer Gang

Krebs on Security

In 2015, police departments worldwide started finding ATMs compromised with advanced new “shimming” devices made to steal data from chip card transactions.

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Alerts

Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

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Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

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