A Wednesday report by Terbium Labs highlights the growing underground market for instruction manuals that teach people how to commit a wide variety of cybercrimes. The security researchers analyzed a …
‘Digital Doppelganger’ Underground Takes Payment Card Theft to the Next Level
Kaspersky Lab researchers have discovered a massive underground online marketplace where criminals are selling over 60,000 digital doppelgangers, which are stolen, legitimate digital identities that …
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Astronomical costs, geopolitical headaches: Telecom fraud is too big to ignore, report says
A new report by Europol and Trend Micro on international telecommunications fraud shows that this category of fraud, which covers both consumer and corporate scams, not only costs more than €29 …
Experian: US Suffers the Most Online Fraud
According to new research by Experian, US consumers and companies are prime targets for online fraud campaigns. Losses related to online fraud have increased over the past year for eight out of ten US …
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IoT botnet used in YouTube ad fraud scheme
Security researchers with CenturyLink have released a report documenting the recent evolution of TheMoon, an internet of things (IoT) botnet that was first detected in 2014. While TheMoon was …
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eCommerce credit card fraud is nearly an inevitability
New research by Riskified on the online shopping habits and preferences of 5,000 US consumers, shows that the older consumers get, the more likely they are to fall victim to eCommerce credit card …
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Phone fraudsters are stealing billions each year through a scheme known as IRSF
According to the Communications Fraud Control Association, telcos and consumers have lost over $38 billion to phone fraudsters over the last decade. The most lucrative scam, accounting for $4 - $6 …
Hackers fooled Save the Children into sending $1 million to a phony account
"Save the Children Federation, one of the country’s best-known charities, said it was the victim of a $1 million cyberscam last year. The Connecticut-based nonprofit said hackers broke into a worker’s …
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SEC Calls for Better Accounting Controls as Cyber Scams Increase
"Public companies that are easy targets of cyber scams could be in violation of accounting rules that call for firms to safeguard assets, the Securities and Exchange Commission said Tuesday. The SEC …
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