Category Archives: Fraud Protection

Gozi strikes again, targeting banks, cryptocurrency and more

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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 […]

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The rise of malicious Chrome extensions targeting Latin America

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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 […]

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What to do about the rise of financial fraud

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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 […]

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Crypto fraud in 2023: How can security teams fight

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Hackers stole $4.3 billion worth of cryptocurrency in 2022, making it the worst year on record for crypto fraud. While the government pushes for regulation in the digital coin market, cryptocurrency remains a volatile industry and a risky bet for investors and financial institutions. While decentralized finance (DeFi) aims to offer greater control to investors, […]

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Beware of the Growing Scourge of Job Recruitment Scams

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Job recruitment scams have grown into a huge problem. The BBB reports that in the U.S. and Canada alone, an estimated 14 million people are exposed to job scams every year, with $2 billion in direct losses annually. These attacks hurt individuals and the companies they work for, as well as the organizations that the […]

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How Fraudsters Redefine Mobile Banking Account Takeovers

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Fraudsters are constantly finding new ways to exploit vulnerabilities in the banking system, and one of the latest tactics involves stealing credit card information via mobile banking apps. This type of attack has been seen in different variations in Spain and North America and was reported for the first time at the beginning of 2023. […]

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Cyberattackers Target the Latin American Health Care Sector

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Cyberattacks on the healthcare sector are a growing threat in Latin America, and the large amount of confidential data these organizations handle makes these attacks a top concern. The value of healthcare data in the illegal market, such as the personal, medical and financial information of patients and healthcare companies, creates an appealing target for […]

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Cyberattackers Target the Latin American Health Care Sector

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Cyberattacks on the healthcare sector are a growing threat in Latin America, and the large amount of confidential data these organizations handle makes these attacks a top concern. The value of healthcare data in the illegal market, such as the personal, medical and financial information of patients and healthcare companies, creates an appealing target for […]

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Kronos Malware Reemerges with Increased Functionality

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The Evolution of Kronos Malware The Kronos malware is believed to have originated from the leaked source code of the Zeus malware, which was sold on the Russian underground in 2011. Kronos continued to evolve and a new variant of Kronos emerged in 2014 and was reportedly sold on the darknet for approximately $7,000. Kronos […]

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How Security Teams Combat Disinformation and Misinformation

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“A lie can travel halfway around the world while the truth is still putting on its shoes.” That popular quote is often attributed to Mark Twain. But since we’re talking about misinformation and disinformation, you’ll be unsurprised to learn Twain never said that at all. In fact, no one knows who first strung those words […]

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