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Risk & Fraud

A New Breed of ATM Hackers Gets in Through a Bank’s Network

“These system architecture improvements, combined with tailored monitoring to flag and block more fraudulent fund transfers, have inspired scammers to innovate in kind. In an attack on India’s Cosmos bank last August, hackers stole $13.5 million by infecting the bank’s ATM server with malware that retrieved customer information and their assigned SWIFT codes. Then they […]
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Risk & Fraud

AeroGarden Maker Says Hackers Stole Months of Credit Card Data

“Bad news for home gardeners: criminals might have your credit card data. AeroGrow, the maker of the at-home garden kit AeroGarden, said in a letter to customers that its website had credit card scraping malware for more than four months. The company said anyone who bought something through its website between October 29, 2018 and […]
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Risk & Fraud

Jumio Founder to Pay $17 Million to Settle Accounting Fraud Claims

“The SEC alleged that Mr. Mattes personally prepared Jumio’s financial statements in 2013 and 2014. The misstatements made it appear that Jumio’s gross revenue was $101 million, when in fact it was only $9.5 million, the SEC said. The company also reported a profit of $1.2 million when in reality the company lost $10 million, […]
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Risk & Fraud

Stolen Payment Cards For Sale Linked to Breach at Restaurant Operator Earl Enterprises

“Mark the latest data breach as another conquest for hackers. Earl Enterprises, owner of the Buca di Beppo, Bertucci’s, Planet Hollywood, and the Earl of Sandwich restaurant chains, among others, said point-of-sale malware captured credit and debit card information from May 23, 2018, through March 18, 2019, at a variety of its locations. Restaurants potentially […]
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Reports

SWIFT Report Shares Insights Into Evolving Cyber Threats

“The report features an in-depth look at how cyber attackers are adjusting their methods to avoid detection. For example, attackers have continued ‘silently’ operating for prolonged periods of reconnaissance to discover more about a target. After initially penetrating its defences, attackers then study behaviours and patterns for weeks, or even months, to learn more about […]
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Risk & Fraud

ATM Physical Attacks in Europe on the Increase

“EAST has just published a European Payment Terminal Crime Report covering 2018 which reports that ATM physical attacks have risen for the fourth consecutive year. ATM related physical attacks rose 27% when compared with 2017 (up from 3,584 to 4,549 incidents).  Within this total ATM explosive attacks (including explosive gas and solid explosive attacks) were down 3% (down from […]
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Risk & Fraud

Data: E-Retail Hacks More Lucrative Than Ever — Krebs on Security

“For many years and until quite recently, credit card data stolen from online merchants has been worth far less in the cybercrime underground than cards pilfered from hacked brick-and-mortar stores. But new data suggests that over the past year, the economics of supply-and-demand have helped to double the average price fetched by card-not-present data, meaning […]
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Risk & Fraud

Indian IT outsourcing giant Wipro is investigating reports that its own IT systems have been hacked and are being used to launch attacks on its customers

“ndian information technology (IT) outsourcing and consulting giant Wipro Ltd. [ NYSE:WIT ] is investigating reports that its own IT systems have been hacked and are being used to launch attacks against some of the company’s customers, multiple sources tell KrebsOnSecurity. Wipro has refused to respond to questions about the alleged incident. Earlier this month, KrebsOnSecurity heard […]
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Risk & Fraud

$356 Million in Cryptocurrency Stolen in First Three Months of 2019

“Cryptocurrency thieves earned at least $356 million in the first quarter of 2019, which could see the industry face a billion-dollar money laundering problem by year’s end. Payments from US-based exchanges to offshore cryptocurrency wallets also increased 46 percent over the last two years, analytics firm CipherTrace reports with new research . “Once these payments reach […]