Australian fashion and sports retailer The Iconic has blamed careless customers for a spree of incidents that allowed hackers to access customer accounts and place orders worth thousands of dollars. The firm said customers made themselves easy targets by reusing passwords across multiple websites.
Fraudsters have long relied on mule accounts to deposit proceeds from a variety of scams, but financial crimes investigators are seeing a shift to dropped accounts, which can be opened and quickly discarded to evade detection by law enforcement, said M&T Bank's Karen Boyer.
While cybercriminals and advanced persistent threat groups have long abused legitimate internet services both to scale and disguise various types of attacks, a new report warns of a growing challenge posed by the illegitimate use of GitHub and offers essential defenses for users.
Merck & Co.'s proposed settlement with insurers over a $1.4 billion claim related to the NotPetya attack will change the language the insurance industry uses to exclude acts of war in its policies, and organizations need to consider how those changes affect risk, said attorney Peter Halprin.
Cybercriminals are extorting some patients and threatening them with swatting in the wake of a recent cyberattack on a Seattle cancer center. The incident, stemming from a Citrix Bleed exploit, has triggered multiple lawsuits and affected the personal data of at least 1 million people.
Criminals have built highly successful business models by hacking into a wide range of organizations at will. University professor John Walker warned that the world is witnessing the unintended consequences of our collective inability to secure assets - kinetic threats to global stability.
Fallout is mounting, and new developments are emerging in several high-profile health data hacks. Data breaches reported in recent weeks and months at a medical transcription vendor, a hospital chain and a law firm are affecting a growing list of clients and individuals - and triggering lawsuits.
Alex Zeltcer, CEO and co-founder at nSure.ai, believes more companies are using AI and gen AI to create synthetic data that will be used to identify fraudulent groups who target online shoppers and gamers. He also observes social engineering at scale, perpetrated by machines, to conduct fraud.
Budget cuts and a lack of skilled cybersecurity professionals have forced the country's cybersecurity agency to ask hackers for tips and guidance on emerging threats, a government official told Bloomberg. He said DICT employs only 30 cybersecurity experts but needs 200 people.
The FBI arrested Conor Fitzgerald, the admitted administrator of the notorious, now-defunct BreachForums data breach forum and marketplace, for violating the conditions of his presentencing release, after he allegedly used VPN software and evaded mandatory monitoring of his computers.
The U.S. Department of Justice announced Friday that it has wrapped up its investigation of the xDedic dark web marketplace and successfully dismantled the multinational criminal organizations, leading to charges against 19 individuals, including administrators, developers and customer service reps.
The Indian government is instituting joint programs with state police forces and the judiciary system to dismantle the growing threat of cyber fraud, but long delays in cybercrime investigations and a lack of experience in investigating digital crimes could derail these efforts.
An upstate New York hospital group has filed a lawsuit against cybercriminal group LockBit in a legal maneuver aimed at forcing a Boston-based cloud services firm to turn over patient data LockBit had stolen from the entities last summer and allegedly stored on the tech company's servers.
This week, hackers took over Mandiant's X account, authorities charged a Nigerian hacker with stealing $7.5 million from charities, the DOJ fined XCast $10 million for illegal robocalls, and attackers exploited an SMTP smuggling flaw in a phishing email campaign.
This week, Orbit Chain lost $81 million in a New Year's Eve hack, Indonesian police shuttered bitcoin mining operations, dYdX named its attacker, $324,000 users fell victim to 2023 crypto phishing scams, Singapore's prime minister had a deepfake problem, and 2023 crypto losses decreased by over 50%.
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