Tag Archives: Fraud

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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US lottery security director allegedly hacked system to fix draw

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Eddie Raymond Tipton, former security director for the Multi-State Lottery Association in the US, was arrested in January on suspicion of hacking the computer system used to generate random winning numbers. Prosecutors say that there is CCTV footage of him purchasing the still unclaimed winning ticket. Tipton is suspected of… Read more »

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Fake Malaysia Airlines links spread malware

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According to multiple reports, links promising resolution for the missing Flight MH370 are scams which spread malware. Videos with titles like “Malaysian Airlines missing flight MH370 found in Sea – 50 people alive saved” have spread through social media sites like Facebook and Twitter. Malware intelligence analyst Chris Boyd has… Read more »

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Five UK banks are to add ‘Mobile wallet’ to their apps

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Five UK lenders are to add a mobile payment facility called Zapp to their smartphone and tablet apps.It will allow their customers to pay for goods or services in shops or online without the need for cash or a credit card. The firm behind the tech – Vocalink – suggests… Read more »

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