"Cybercrime is an evolution, not a revolution," says Europol's Philipp Amann, who oversees the EU law enforcement intelligence agency's annual study of the latest cyber-enabled crime trends. Ransomware, social engineering and the criminal abuse of cryptocurrency and encryption are some of the top threats.
Fraudsters are sending phishing emails with messages about the Coinbase cryptocurrency exchange to Microsoft Office 365 users in an attempt to take over their inboxes and gain access to data, according to the security firm KnowBe4.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
Microsoft and the Cybersecurity and Infrastructure Security Agency have issued warnings that a critical vulnerability in Windows Server dubbed "Zerologon" is being actively exploited in the wild. They urge users to immediately apply an available partial patch.
With so many cybercrime markets continuing to disappear, why haven't encrypted messaging apps stepped in to fill the gap? They might seem to be the perfect solution to admins stealing buyers' and sellers' cryptocurrency - via an exit scam - or police infiltration. But encrypted apps have their own downsides.
Reviewing online attack trends for the first half of the year, numerous cybersecurity firms agree: COVID-19 was king. As the pandemic has reshaped how many live and work, so too has it driven attackers to attempt to exploit work-at-home challenges and virus fears.
Empire is the latest darknet market to "exit scam," meaning administrators ran away with users' cryptocurrency, leaving the market to fail. Given the ongoing risk of exit scams, as well as police often targeting such markets, why do they persist?
From Friday through Monday, malicious JavaScript skimming code was injected into nearly 2,000 e-commerce sites that were running an older version of Adobe's Magento software, possibly resulting in the theft of payment card data, according to Sanguine Security.
A Russian national who is allegedly part of an ongoing disinformation campaign targeting the upcoming U.S. election faces a charge of conspiracy to commit wire fraud, according to the U.S. Justice Department.
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
So-called "cybersquatting" attacks are surging, with financial and e-commerce websites - including those of PayPal, Royal Bank of Canada, Bank of America and Amazon - among the most frequent targets, according to Palo Alto Networks' Unit 42.
A recently uncovered malicious email campaign is delivering to businesses multiple types of malware, including a Trojan designed to steal banking credentials and other financial information, according to a research report from Cisco Talos.
Fraud prevention practices are not keeping up with changes in risks, says Al Pascual, COO at Breach Clarity, who offers insights on leveraging the latest tools.
Some fraudsters are now using the encrypted instant messaging app Telegram as a fast and easy way to steal payment card data from ecommerce sites, according to an analysis from Malwarebytes.
Message to anyone who placed or fulfilled an order via the world's largest darknet market, Empire, in recent weeks: Say bye-bye to your cryptocurrency. It's increasingly clear that Empire's administrators "exit scammed," closing up shop and leaving with a horde of digital currency.
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