EU Cyber Watchdog Warns: More Money, Action Needed to Combat Hackers
Banks need to put more money into combating hackers who have the potential to wreak havoc throughout the continent, the director of the European Union’s cybersecurity agency said. “We don’t know if...
View ArticleN.Y. Regulator Lawsky Says Banks Need Money-Laundering Spot Checks
New York’s banking regulator floated a plan Wednesday to spot-check banks’ money laundering controls and hold executives accountable if they fail. Benjamin Lawsky, superintendent of New York’s...
View ArticleSecret Service: Cybercrime ‘Skimming’ Cases on the Rise in North Carolina
The U.S. Secret Service says “skimming,” a cybercrime which targets automatic teller machines and gasoline pumps and the people who use them, is on the rise in the Charlotte, N.C., area. The Charlotte...
View ArticleApparent Cyberattack Takes Down Hawaii Telescope Website
An apparent cyberattack Sunday temporarily disrupted the main website of Thirty Meter Telescope, the organization trying to construct one of the world’s largest telescopes near the summit of Mauna Kea...
View ArticleAG Lynch Urges Corporate, Government Cooperation to Fight Cybercrime
Attorney General Loretta Lynch this week urged greater cooperation between the government and private industry to combat computer hackers, a key component of a new cyber- attack playbook released by...
View ArticleObama Seeks ‘Nimble, Aggressive, Well-Resourced’ Cyber Defense
President Barack Obama vowed on Monday that the United States would aggressively bolster its cyber defenses, as U.S. officials said the probe into a massive breach of federal government networks has...
View ArticleCredit Card Buyers, Sellers Making Out Like Bandits
Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as...
View ArticleSouth Carolina Announces Initiative to Prevent, Fight Cybercrime
The South Carolina Revenue Department’s massive 2012 data breach gave Gov. Nikki Haley a firsthand lesson on the need for efforts to counter cybercrime, she said Wednesday. “Today, there is never a day...
View ArticleCyber Thieves Working Overtime Before Credit Card Chips Curtail Their Retail...
Cyber-thieves see new credit card chip technology being adopted by U.S. retailers closing a lucrative window of opportunity to steal your data. So they want to move fast. “We’ve actually seen a number...
View ArticleExpert Gives Agents C- on Understanding of Cyber Insurance
Eduard Goodman, chief privacy officer of Scottsdale, Ariz.-based IDT911, an identity theft protection firm, isn’t too high on the industry’s knowledge of cyber insurance, cybercrime and data theft....
View ArticleChubb Broadens Cyber Enterprise Risk Management Products
Chubb has broadened its enterprise risk management options for Chubb commercial cyber policyholders in the United States and Canada. Two new policy forms, Cyber Enterprise Risk Management (Cyber ERM)...
View ArticleSan Francisco Becomes the First City to Sue in Equifax Breach
San Francisco has filed a lawsuit against Equifax, becoming the first city in the country to sue the credit reporting company over a massive data breach that exposed the personal information of about...
View ArticleThe Lowdown: For Agents – The Latest on Cyber Predictions & Myths
This week’s Lowdown features two informative reports, the current State of Cybercrime, by RSA and Top Myths of Cyber Risk for Small & Medium-Sized Businesses, by Relation. Combined, these two...
View ArticleKaysea Ransomware Attack Caused ‘Minimal Damage’ to U.S. Firms, Biden Says
President Joe Biden said on Tuesday the ransomware attack centered on the Florida information technology firm Kaseya seems to have inflicted only “minimal damage” on American businesses. “It appears to...
View ArticleCyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner...
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An...
View ArticleAccounts Deceivable: Email Scam Costliest Type of Cybercrime
It’s a crime that siphons untold billions from the economy — but many people have never heard of it. Business Email Compromise scams involve criminals hacking into email accounts, pretending to be...
View ArticleWoman Gets Probation for Massive Capital One Hack in 2019
A former Seattle tech worker convicted of several charges related to a massive hack of Capital One bank and other companies in 2019 was sentenced Tuesday to time served and five years of probation....
View ArticleCrypto Must End Anonymity for Illicit Finance, U.S. Regulator Says
Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed. Christy Goldsmith Romero, a...
View ArticleDeepfake Imposter Scams Are Driving a New Wave of Fraud
Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of...
View ArticleTornado Cash Founders Charged by US in Money Laundering Scheme
Two founders of Tornado Cash, a cryptocurrency mixing service that has been under scrutiny by various US agencies for more than a year, were charged with helping launder more than $1 billion for...
View ArticleFBI, European Partners Seize Major Malware Network in Blow to Global Cybercrime
U.S. officials said Tuesday that the FBI and its European partners infiltrated and seized control of a major malware network used for more than 15 years to commit a gamut of online crimes including...
View ArticleRansomware Gang LockBit Revises Its Tactics to Get More Blackmail Money
LockBit, the prolific ransomware gang that has launched attacks recently on Boeing Co. and Industrial Commercial Bank of China Ltd., among others, has revised the way it tries to blackmail victims...
View ArticleHackers Exploit Ad Tools to Track Victims, Boosting Scam Efforts
Cybercriminals are using advertising tools to make their scams as “clickable” as possible. In a new kind of email phishing tactic, hackers are sending malicious PDF attachments containing a link that’s...
View ArticleUS Offers Up to $10M Reward for Info Leading to Leaders of Notorious...
If you’ve got information on one of the world’s most prolific ransomware gangs, you could stand to make a cool $10 million. The Department of State on Thursday announced a reward of up to $10 million...
View ArticleFBI, UK Crime Agency Say They Have Disrupted LockBit Cyber Gang
A coalition of international law enforcement agencies, including the FBI and UK National Crime Agency, said they have disrupted LockBit, one of the most prolific hacker groups of all time, including...
View ArticleWhat Is Cybercriminal Group Lockbit?
A cybercriminal group named Lockbit, which was broken up by an international law enforcement operation this week, has hacked some of the world’s largest organizations in recent months, stealing and...
View ArticleLockbit Hackers’ Swagger on Display After Police Leak Identities Online
One of the world’s biggest criminal hacking gangs woke up on Tuesday to a startling discovery: Law enforcement, after taking over their main website on Monday, were now threatening to reveal their...
View ArticleLockbit Cybercrime Gang Says It Is Back Online Following Global Police Bust
Lockbit, the cybercrime gang that was knocked offline by a comprehensive international police operation earlier this month, says it has restored its servers and is back in business. The group,...
View ArticleHacker Forum: UnitedHealth Paid $22M Ransom in Bid to Recover Data
A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to recover access to data and systems encrypted by the “Blackcat” ransomware gang,...
View ArticlePhysician Group Asks US to Make Funds Available to Doctors Hurt by Change Hack
Influential U.S. doctors’ group the American Medical Association (AMA) on Monday asked the Biden Administration to make emergency funds available to physicians hurt by ongoing problems created by the...
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