Category Archives: Financial Fraud

Virtual credit card fraud: An old scam reinvented

Posted on by

In today’s rapidly evolving financial landscape, as banks continue to broaden their range of services and embrace innovative technologies, they find themselves at the forefront of a dual-edged sword. While these advancements promise greater convenience and accessibility for customers, they also inadvertently expose the financial industry to an ever-shifting spectrum of emerging fraud trends. This […]

The post Virtual credit card fraud: An old scam reinvented appeared first on Security Intelligence.

Continue reading Virtual credit card fraud: An old scam reinvented→

Gozi strikes again, targeting banks, cryptocurrency and more

Posted on by

In the world of cybercrime, malware plays a prominent role. One such malware, Gozi, emerged in 2006 as Gozi CRM, also known as CRM or Papras. Initially offered as a crime-as-a-service (CaaS) platform called 76Service, Gozi quickly gained notoriety for its advanced capabilities. Over time, Gozi underwent a significant transformation and became associated with other […]

The post Gozi strikes again, targeting banks, cryptocurrency and more appeared first on Security Intelligence.

Continue reading Gozi strikes again, targeting banks, cryptocurrency and more→

The rise of malicious Chrome extensions targeting Latin America

Posted on by

In its latest research, IBM Security Lab has observed a noticeable increase in campaigns related to malicious Chrome extensions, targeting  Latin America with a focus on financial institutions, booking sites, and instant messaging. This trend is particularly concerning considering Chrome is one of the most widely used web browsers globally, with a market share of […]

The post The rise of malicious Chrome extensions targeting Latin America appeared first on Security Intelligence.

Continue reading The rise of malicious Chrome extensions targeting Latin America→

What to do about the rise of financial fraud

Posted on by

As our lives become increasingly digital, threat actors gain even more avenues of attack. With the average person spending about 400 minutes online, many scammers enjoy a heyday. Old impersonation scams continue to deceive people every day, as con artists and hackers are armed with advanced technologies and sophisticated social engineering tactics. According to the […]

The post What to do about the rise of financial fraud appeared first on Security Intelligence.

Continue reading What to do about the rise of financial fraud→

2022 Banking & Finance Security Intelligence Roundup

Posted on by

The banking and finance industries deliver more services online now than ever before due to the pandemic. As a result, banking cybersecurity became more important than ever this year. Some of the threats to big data security in recent years included ransomware attacks, the growth of contactless payments, mobile malware attacks and even data breaches […]

The post 2022 Banking & Finance Security Intelligence Roundup appeared first on Security Intelligence.

Continue reading 2022 Banking & Finance Security Intelligence Roundup→

BrazKing Android Malware Upgraded and Targeting Brazilian Banks

Posted on by

Nethanella Messer and James Kilner contributed to the technical editing of this blog. IBM Trusteer researchers continually analyze financial fraud attacks in the online realms. In recent research into mobile banking malware, we delved into the BrazKing malware’s inner workings following a sample found by MalwareHunterTeam. BrazKing is an Android banking Trojan from the overlay […]

The post BrazKing Android Malware Upgraded and Targeting Brazilian Banks appeared first on Security Intelligence.

Continue reading BrazKing Android Malware Upgraded and Targeting Brazilian Banks→

Confessions of a Famous Fraudster: How and Why Social Engineering Scams Work

Posted on by

In a world in which bad news dominates, social engineering scams that carry a promise of good news can be incredibly lucrative for cyber criminals.  In one recent example, fraudsters set up a phony job posting using a real recruiter as the contact person for the hiring process. Applicants hoping for a chance at the […]

The post Confessions of a Famous Fraudster: How and Why Social Engineering Scams Work appeared first on Security Intelligence.

Continue reading Confessions of a Famous Fraudster: How and Why Social Engineering Scams Work→

Deepfakes and AI: Fighting Cybersecurity Fire with Fire

Posted on by

To successfully mitigate evolving attacks, security teams must use the exact same AI tools that create those attacks in the first place. Continue reading Deepfakes and AI: Fighting Cybersecurity Fire with Fire→

US offers up to $5m reward for information on North Korean hackers

Posted on by

UN experts believe the DPRK cyber-steals and launders money, extorts companies and funnels the cash into its nuclear program. Continue reading US offers up to $5m reward for information on North Korean hackers→

Private photos leaked by PhotoSquared’s unsecured cloud storage

Posted on by

With no password required and no encryption in place, a burglar or ID thief could have seen your photos, your address and more. Continue reading Private photos leaked by PhotoSquared’s unsecured cloud storage→