Hackers have reportedly demanded a ransom from Bank of Montreal and Simplii Financial in exchange for not dumping 90,000 customers' account details on a fraud forum. The FBI says online extortion and ransomware remain the top two types of cybercrime it's seeing today.
Mexico's central bank says attackers attempted to hack its interbank electronic transfer system, but says no client money was lost. It's activated "contingency measures" at the targeted banks and says payment transfers could slow as a result.
Police have taken down Webstresser, a leading stresser/booter service tied to 4 million on-demand DDoS attacks, which could be used for as little as $15 per month. Six of the site's administrators have been arrested, as have some of the site's top users, authorities say.
Are you a fraudster craving an easy way to generate Microsoft Office documents with embedded malicious macros designed to serve as droppers that install banking Trojans onto a victim's PC? Say hello to a toolkit that debuted in February called Rubella Macro Builder.
Art Coviello, ex-CEO of RSA, is concerned about fraud trends and social media vulnerabilities. But he also is bullish on the opportunity for artificial intelligence and DevOps security to stop attacks before they cause harm.
The alleged leader of a cybercrime gang tied to more than $1 billion in losses has been arrested in Alicante, Spain. Authorities say "Denis K." is a Ukrainian national who led a gang that developed Carbanak and Cobalt malware to infect PCs as well as perpetrate ATM jackpotting attacks.
The U.K. government concurs with allegations contained in a U.S. Department of Justice indictment, which charges nine Iranians, plus the Mabna Institute, with perpetrating a five-year hacking campaign designed to steal scientific secrets for Iran's military and private industry.
Ransomware has struck the city of Atlanta and frozen internal and customer-facing applications, hampering residents from paying bills or accessing court information. But the city says it has working backups and expects to pay employees on time.
Certificate authorities continue to be tricked into issuing bogus TLS certificates. A study by Recorded Future found that at least three underground vendors can supply fraudulent TLS certificates, which pose serious risks to data security and privacy.
Criminals in Europe are annually laundering at least $4 billion - and growing - via cryptocurrencies, warns Europol. The agency is calling on regulators and legislators to regulate cryptocurrencies to help battle money laundering and protect consumers.
Neither the FBI nor Apple looks good in the days following the postponement of a hearing on whether Apple should be forced to help the bureau crack open the iPhone of one of the San Bernardino shooters. The FBI's credibility is being questioned as Apple's security technology is being tarnished.
Security experts are warning that Chinese networking product manufacturer TP-Link has been shipping routers with a WiFi password that's based on their MAC address, thus making their passwords easy for would-be attackers to sniff.