Banking Trojans and cryptocurrency mining malware continue to be among the most-seen types of malicious code used for nontargeted attacks. But cybercrime attackers are increasingly running targeted campaigns, security researchers warn.
Cybercrime is surging thanks, in part, to the availability of inexpensive hacking tools and services. A recent look by security firm Armour at black market offerings finds stolen payment card data, RDP credentials, ransomware and DDoS services are widely available for sale.
The good news is: The development of new malware
exploits has slowed considerably. The bad news is:
That's because the old ones still continue to work so
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The latest edition of the ISMG Security Report features an update on what U.S. intelligence chiefs told Congress this week about persistent nation-state cyberthreats, plus reports on evasion tactics used by cryptocurrency money launderers and what government CIOs have to say about security funding.
The latest edition of the ISMG Security Report features an analysis of why Google was one of the first companies to be hit with a major GDPR fine, plus a global update on GDPR compliance trends and an in-depth report on shifts in malware.
Over the past year, there's been a surge in so-called Magecart attacks, which involve payment card data being stolen from e-commerce sites via injected attack code. Researchers say they are tracing at least six active Magecart groups, each with unique infrastructure, skimmers and targeting.
British Airways has discovered that hackers compromised payment card data and personal details for 185,000 more customers than it had originally suspected and that its systems were first breached not in August, but April. The airline now counts 429,000 data breach victims.
Three Ukrainian men who were allegedly part of a hacking gang that stole more than 15 million payment card records from U.S. businesses, sold the data in underground markets and enabled at least $12.4 million in fraud have been arrested in Germany, Poland and Spain at the request of the U.S.
A Greek court has ruled that Russian national Alexander Vinnik will be sent to France to face cybercrime charges. The U.S. has accused Vinnik of laundering $4 billion in bitcoins via the BTC-e exchange, which it said also handled stolen Mt. Gox and Silk Road bitcoins.
If 2017 was the year of ransomware innovation, 2018 is well on its way to being known as the year of cryptocurrency mining malware. Numerous studies have found that the most seen malware attacks today are designed for cryptojacking. But while ransomware campaigns may be down, they're far from out.
Federal authorities have arrested more than 35 suspects on charges that include selling illicit substances via darknet marketplaces - such as AlphaBay, Dream and Hansa - thanks in part to undercover agents posing as cryptocurrency money launderers. Authorities say the year-long investigation is continuing.
As bitcoin continues its massive price fluctuations, a new report says criminals have continued their push to get extortion and ransom payments in more stable cryptocurrencies. But bitcoins remain a top target for hackers, who most often choose to directly target cryptocurrency exchanges.
Hackers have reportedly demanded a ransom from Bank of Montreal and Simplii Financial in exchange for not dumping 90,000 customers' account details on a fraud forum. The FBI says online extortion and ransomware remain the top two types of cybercrime it's seeing today.
Mexico's central bank says attackers attempted to hack its interbank electronic transfer system, but says no client money was lost. It's activated "contingency measures" at the targeted banks and says payment transfers could slow as a result.
Criminals in Europe are annually laundering at least $4 billion - and growing - via cryptocurrencies, warns Europol. The agency is calling on regulators and legislators to regulate cryptocurrencies to help battle money laundering and protect consumers.