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Investment fraud overtakes business email compromise as most reported fraud

Malwarebytes

Within those complaints, cryptocurrency investment fraud rose from $907 million in 2021 to $2.57 There are a number of different methods that cryptocurrency investment fraudsters deploy: Liquidity mining. Hacked social media accounts. At some point the conversation will drift to topics like investments and/or cryptocurrency.

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Ransomware at IT Services Provider Synoptek

Krebs on Security

-based Synoptek is a managed service provider that maintains a variety of cloud-based services for more than 1,100 customers across a broad spectrum of industries , including state and local governments, financial services, healthcare, manufacturing, media, retail and software.

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The US government sanctioned four entities and one individual for supporting cyber operations conducted by North Korea

Security Affairs

In December 2022, South Korea’s spy agency, the National Intelligence Service, estimated that North Korea-linked threat actors have stolen an estimated 1.5 billion) in cryptocurrency and other virtual assets in the past five years. billion (2 trillion won) worth of cryptocurrency from multiple exchanges during the past five years.

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Research partnership to examine how fraudsters abuse financial tech innovations

SC Magazine

Supples spoke to SC Media in an interview alongside EBCS Director David Maimon, who said his research team would study the modus operandi of cybercriminals operating on the dark net and other encrypted channels, as well as the different types of fraud exist across various platforms – and how they evolve. “We

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GUEST ESSAY: The drivers behind persistent ransomware — and defense tactics to deploy

The Last Watchdog

Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes. Even after you’ve determined whether to pay the ransom, you’ll need ongoing monitoring for stolen data and compromised domains on the dark web and social media sites.

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SharkBot Android banking Trojan cleans users out

Malwarebytes

According to the researchers, SharkBot demonstrates: “…how mobile malwares are quickly finding new ways to perform fraud, trying to bypass behavioural detection countermeasures put in place by multiple banks and financial services during the last years.” Android Accessibility service.

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Attackers Use Bots to Circumvent Some Two-Factor Authentication Systems

eSecurity Planet

However, researchers at threat intelligence firm Intel 471 in a report this week said they have seen a rise in these services, enabling attackers to target everything from bank accounts to social media platforms. OTP Interception Services Emerge. A third bot, dubbed SMS Buster, is more difficult for bad actors to use.