Tag Archives: Fraud

Barclays alerts customers to scam

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Bank customers are popular targets of cybercriminals, and no wonder as remote banking allows theoretically anyone to pilfer bank accounts with the right kind of information. Most recently, UK customers of Barclays Bank have been receiving bogus text messages in an attempt to harvest their passwords – an exploit sometimes… Read more »

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‘Hack and trade’ scheme uncovered

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Ponzi, Madoff, Enron and Boesky are all names that strike fear into the hearts of legitimate stock market traders. The latest and most technologically savvy addition to this rogues’ gallery is Pennsylvanian day trader Joseph Willner; who has just been indicted for running a lucrative cyber ‘boiler room’ scheme to… Read more »

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HMRC phishing campaign hits UK businesses

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Not unnaturally, people greet any correspondence from HMRC that drops into their inbox with a slight feeling of dread. Until recently it has generally involved nothing more than a request to pay owed tax. Now, however, it could be something a bit more insidious – a Trojan that gives hackers… Read more »

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Which positions are the most phished?

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New research suggests that when it comes to business email compromise (BEC) attacks (also known as spear-phishing or simply phishing attacks), hackers most often take on the guise of CEO, managing director and president. Targets are, perhaps unsurprisingly, frequently decision makers in the finance department. The researchers’ analysis turned up… Read more »

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Google declares war on phishing

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Give a man a fish and you’ll feed him for a day; teach a man to phish and he’ll make millions from ransomware and identity fraud. Phishing is well-known threat and nobody is safe – not even one of the largest corporations on the planet. Google is the latest high… Read more »

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Using SS7 flaws to hack into bank accounts

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Signaling System No 7, or SS7 for short, is a set of telephony signaling protocols created by telecom companies in the 1980s to allow cellular and landline networks to interconnect and exchange data. Due to longstanding problems, researchers have been voicing concerns over security flaws in this protocol for many… Read more »

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Malware attack on Chipotle restaurants

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Customers of US fast food chain Chipotle have only just shrugged off the effects of E coli, but now it’s their wallets rather than their stomachs that are under attack. Chipotle, which has 500 outlets across the US, Canada, UK, France and Germany, recently detected that malware had been infecting… Read more »

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Funds fly, fly away

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Hong Kong police have collared a Chinese fraudster who used ‘business email compromise’ (also referred to as a ‘fake president/CEO scam’) to con a leading Austrian aero-components manufacturer out of a whopping 42 million Euros. Along with ransomware, this form of scam is now the fastest growing cyber security threat… Read more »

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Charges brought in massive US financial hacking

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US prosecutors have brought charges against three men following a sustained hack attack, probably the largest in US history, over a three year period spanning 2012 to 2015. One of the alleged culprits is American Joshua Aaron and the remaining two are Israeli, Gery Shalon and Ziv Orenstein. A fourth… Read more »

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