Western Union has agreed to forfeit $586 million and enter into agreements with the Federal Trade Commission, the Justice Department, and several U.S. Attorneys’ Offices. Western Union admits to criminal violations including willfully failing to maintain an effective anti-money laundering program and aiding and abetting wire fraud. “As this case shows, wiring money can be the fastest way to send it – directly into the pockets of criminals and scam artists,” said Acting Assistant Attorney … More
Source: helpnetsecurity

The amount of phishing emails containing a form of ransomware grew to 97.25 percent during the third quarter of 2016 up from 92 percent in Q1. PhishMe’s Q3 2016 Malware Review identified three major trends previously recorded throughout 2016, but have come to full fruition in the last few months: Locky continues to dominate: While numerous encryption ransomware varieties have been identified in 2016, Locky has demonstrated adaptability and longevity. Ransomware encryption: The proportion of … More
Source: helpnetsecurity

Tech support scammers are exploiting a bug that maxes out users’ CPU and memory capability and effectively freezes the browser and possibly the computer, in an attempt to convince users that they have been hit with malware. According to Malwarebytes’ Jérôme Segura, the bug in question was identified in 2014 and it affects Chrome, Firefox and Safari. It is still unfixed, and is now used for social engineering purposes. It can be triggered by simply … More
Source: helpnetsecurity

The image that the expression “Nigerian scammer” conjures up in most people’s heads is still that of the confidence man behind the keyboard, convincing victims that they have the opportunity to get a hefty sum of money if they only send some first, or pretending to be a man or woman in love with the victim and needing money to get out of some difficulty or another. But most modern Nigerian scammers have abandoned these … More
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193 individuals suspected of traveling with airline tickets bought using stolen, compromised or fake credit card details have been detained in a major international law enforcement operation targeting airline fraud. 43 countries, 75 airlines and 8 online travel agencies were involved in this global operation which took place at 189 airports across the world from 10-15 October 2016. The airline industry is estimated to lose over one billion dollars per year as a result of … More
Source: helpnetsecurity

In an increasingly technology-oriented world, cybercrime has become all too common for both consumers and businesses. Internet crime takes many forms and includes everything from large-scale data breaches to consumer issues like identity theft and cyberstalking to widespread scams and ransomware. In the third week of National Cyber Security Awareness Month (NCSAM), the National Cyber Security Alliance (NCSA), the U.S. Department of Homeland Security (DHS) and their industry, government and nonprofit partners are highlighting the … More
Source: helpnetsecurity

The Acecard Android Trojan is a threat that has been around for quite some time. Its main goal is to collect login credentials used by the victims to access their online banking, payment, email or social media accounts, and it does so by detecting when a legitimate mobile app is opened and overlaying screens over it, asking for information to be entered in them. The amount and types of information the Trojan is after is … More
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The Anti-Phishing Working Group (APWG) observed a record number of phishing attacks in the second quarter of 2016. APWG observed 466,065 unique phishing websites in Q2. This represents a increase of 61 percent from the 289,371 phish found in the first quarter of 2016, which was itself the previous high. The Q2 total was almost three times the 158,574 phish found in the fourth quarter of 2015. Global data The country most infected with malware … More
Source: helpnetsecurity