fraud

Pierluigi Paganini May 07, 2017
Business email compromise (BEC), the 5 billion dollar scam

The Federal Bureau of Investigation report reveals that Business email compromise scams caused losses to businesses for 5 billion dollars over four years. Business email compromise (BEC) continues to be a profitable attack technique for crooks and a serious threat to businesses. The FBI has published data related to this specific criminal practice, and financial […]

Pierluigi Paganini January 25, 2017
HummingWhale – HummingBad Android Malware returns even more dangerous than before

Last year, the HummingBad Android malware infected as many as 85 million devices, now it has returned under the new name of HummingWhale. CERT-EU and other sources corroborated Check Point researchers’ findings which recently confirmed a new variant of the ad-fraud-big-money-making, HummingBad, is spreading rapidly on the Android marketplace Google Play.  HummingBad was first seen […]

Pierluigi Paganini January 22, 2017
Cyber crimes spike in England and Wales, says ONS

For the first time the England the Office for National Statistics (ONS) includes data related hacking and fraud, and findings are shocking. Cyber criminal activities in England and Wales have shown a spike in the last twelve months, Cyber frauds and computer misuse offences are most common crimes of this worrisome trend. According to the report “Crime in […]

Pierluigi Paganini January 08, 2017
Crooks target UK schools with ‘Department of Education’ ransomware

Action Fraud is warning of ‘Department of Education’ ransomware, crooks are posing government officials to trick people into installing ransomware. This is a story of another string of cyber attacks that leverage ransomware to compromise victims’ machines. Cyber criminals are targeting schools in the UK, asking victims to pay up to ÂŁ8,000 to unlock data […]

Pierluigi Paganini December 22, 2016
Fraudsters are stealing money from several Groupon users

Many Groupon customers reported massive theft after crooks have placed orders in their name by using victims’ credentials likely retrieved elsewhere. Fraudsters are targeting Groupon users stolen thousands of pounds from their bank accounts. Many customers reported a massive theft after crooks placed orders in their name by using victims’ credentials likely retrieved elsewhere. Hackers take over the […]

Pierluigi Paganini October 22, 2016
Indian Banks fear a security breach that affected up to 3.25 million cards

A number of Indian banks are adopting extraordinary measures fearing a security breach that could have exposed as many as 3.25 million debit cards. A number of Indian banks are adopting extraordinary measures fearing a security breach that could have exposed as many as 3.25 million debit cards (0.5 percent of the nearly 700 million […]

Pierluigi Paganini May 10, 2016
Euro 2016 – Experts already detected football-themed spam

The Euro 2016 will be held in June in France and online fraudsters already started launching football-themed spam campaigns on the event. <img height=”1″ width=”1″ alt=”” style=”display:none” src=”https://www.facebook.com/tr?ev=6037454831409&cd[value]=0.00&cd[currency]=RUB&noscript=1″ /> Major events such as the Euro 2016 represent a great opportunity for criminal organizations. In conjunction with international football tournaments such as the World Cup and […]

Pierluigi Paganini March 05, 2016
SIM swap fraud cases force bank to improve security

Two major high street banks will change security procedures after journalists  demonstrated how to carry out SIM swap fraud attacks. The BBC reported that two major high street banks will adopt new security measures to protect their customers. The decision to modify the security procedures follows the scoop made by two journalists from BBC Radio […]

Pierluigi Paganini January 15, 2016
Hackers show how reuse barcodes to be able to get fuel discounts

Two New Zealand researchers demonstrated at last Kiwicon conference how to print their own non-expiring 40c vouchers for fuel discounts. Bar codes are used all over the world, but to be fair, it’s a very outdated technology, and from time to time we get to know new holes in the technology. At last Kiwicon conference edition, two […]

Pierluigi Paganini January 05, 2016
Dating scam package offered in the underground

The popular security expert Brian Krebs has reviewed a dating scam package offered in the underground by Russians fraudsters. Russians fraudsters have automated the sale of plug-and-play online dating scam packages. As usual happens in these cases, these services are offered on underground websites specialised in online frauds,  crooks promise a response rate of 1.2 percent […]