How Do You Fight a $12B Fraud Problem? One Scammer at a Time

Credit to Author: BrianKrebs| Date: Thu, 25 Oct 2018 16:11:57 +0000

The fraudsters behind the often laughable Nigerian prince email scams have long since branched out into far more serious and lucrative forms of fraud, including account takeovers, phishing, dating scams, and malware deployment. Combating such a multifarious menace can seem daunting, but in truth it calls for concerted efforts to tackle the problem from many different angles. This post examines the work of a large, private group of volunteers dedicated to doing just that.

Read more

Mirai Botnet Authors Avoid Jail Time

Credit to Author: BrianKrebs| Date: Wed, 19 Sep 2018 16:54:40 +0000

Citing “extraordinary cooperation” with the government, a court in Alaska on Tuesday sentenced three men to probation, community service and fines for their admitted roles in authoring and using “Mirai,” a potent malware strain used in countless attacks designed to knock Web sites offline — including an enormously powerful attack in 2016 that sidelined this Web site for nearly four days.

Read more

FBI Warns of ‘Unlimited’ ATM Cashout Blitz

Credit to Author: BrianKrebs| Date: Mon, 13 Aug 2018 00:28:11 +0000

The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few hours.

Read more

Sextortion Scam Uses Recipient’s Hacked Passwords

Credit to Author: BrianKrebs| Date: Thu, 12 Jul 2018 14:19:53 +0000

Here’s a clever new twist on an old email scam that could serve to make the con far more believable. The message purports to have been sent from a hacker who’s compromised your computer and used your webcam to record a video of you while you were watching porn. The missive threatens to release the video to all your contacts unless you pay a Bitcoin ransom. The new twist? The email now references a real password previously tied to the recipient’s email address.

Read more

FBI: Kindly Reboot Your Router Now, Please

Credit to Author: BrianKrebs| Date: Mon, 28 May 2018 18:54:22 +0000

The Federal Bureau of Investigation (FBI) is warning that a new malware threat has rapidly infected more than a half-million consumer devices. To help arrest the spread of the malware, the FBI and security firms are urging home Internet users to reboot routers and network-attached storage devices made by a range of technology manufacturers.

Read more

A Five-Year Journey: How Trend Micro Helped Bring Down Scan4You

Credit to Author: Trend Micro| Date: Thu, 17 May 2018 16:24:41 +0000

Trend Micro has always had a close relationship with law enforcement around the globe, because we believe that only together can we make the world a safer place in which to exchange digital information. As the business of cybercrime continues to grow and evolve, so must our response. That’s why we were delighted to be…

The post A Five-Year Journey: How Trend Micro Helped Bring Down Scan4You appeared first on .

Read more