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When Low-Tech Hacks Cause High-Impact Breaches

Krebs on Security

But we do know the March 2020 attack was precipitated by a spear-phishing attack against a GoDaddy employee. GoDaddy described the incident at the time in general terms as a social engineering attack, but one of its customers affected by that March 2020 breach actually spoke to one of the hackers involved.

Hacking 268
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Teen behind 2020 Twitter hack pleads guilty

Malwarebytes

The so-called “mastermind” behind the 2020 Twitter hack that compromised the accounts of several celebrities and public figures—including President Barack Obama, Bill Gates, and Elon Musk—pleaded guilty to several charges on Tuesday in a Florida court. He will also earn credit for the 229 days that he has already spent in jail.

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GoDaddy Employees Used in Attacks on Multiple Cryptocurrency Services

Krebs on Security

And in May of this year, GoDaddy disclosed that 28,000 of its customers’ web hosting accounts were compromised following a security incident in Oct. 2019 that wasn’t discovered until April 2020. “This gave the actor the ability to change DNS records and in turn, take control of a number of internal email accounts. .

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FBI, CISA Echo Warnings on ‘Vishing’ Threat

Krebs on Security

“In mid-July 2020, cybercriminals started a vishing campaign—gaining access to employee tools at multiple companies with indiscriminate targeting — with the end goal of monetizing the access.” authenticate the phone call before sensitive information can be discussed.

VPN 359
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BEST PRACTICES: Blunting ‘BEC’ capers that continue to target, devastate SMBs and enterprises

The Last Watchdog

The CFO commonly carries out such tasks and arranges a wire transfer using the account information provided on the invoice. In actuality, the request is coming from a BEC fraud ring, and the payment details direct the funds to an account controlled by the attackers. billion in annual losses during 2020, resulting from 19,369 incidents.

Phishing 247
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Identity Fraud Losses Soared to $56 Billion in 2020, Javelin Researchers Find

Hot for Security

Fraud losses climbed to $56 billion in 2020 and identity fraud scams accounted for a staggering $43 billion of that cost, according to a new report. As consumers relied increasingly on digital payment products during 2020, identity fraud scams kept pace with this shift in behavior, the report reveals.

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Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Krebs on Security

In each attack, the victims saw their email and financial accounts compromised after suffering an unauthorized SIM-swap, wherein attackers transferred each victim’s mobile phone number to a new device that they controlled. Prosecutors say Noah Michael Urban of Palm Coast, Fla., Twilio disclosed in Aug. On July 28 and again on Aug.