Fraud Protection - Security Intelligence

Virtual credit card fraud: An old scam reinvented

3 min read - In today’s rapidly evolving financial landscape, as banks continue to broaden their range of services and embrace innovative technologies, they find themselves at the forefront of a dual-edged sword. While these advancements promise greater convenience and accessibility for customers, they…

August 23, 2023

Remote access detection in 2023: Unmasking invisible fraud

3 min read - In the ever-evolving fraud landscape, fraudsters have shifted their tactics from using third-party devices to on-device fraud. Now, users face the rising threat of fraud involving remote access tools (RATs), while banks and fraud detection vendors struggle with new challenges…

August 17, 2023

Gozi strikes again, targeting banks, cryptocurrency and more

3 min read - 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…

July 28, 2023

The rise of malicious Chrome extensions targeting Latin America

9 min read - This post was made possible through the research contributions provided by Amir Gendler and Michael Gal. In its latest research, IBM Security Lab has observed a noticeable increase in campaigns related to malicious Chrome extensions, targeting Latin America with a…

July 20, 2023

What to do about the rise of financial fraud

6 min read - 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…

Crypto fraud in 2023: How can security teams fight

4 min read - 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, the anonymous nature of banking on the blockchain provides cyber criminals with the smoke and mirrors they need to steal money and vanish without a…

Beware of the growing scourge of job recruitment scams

4 min read - 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 fraudsters impersonate. In job scams, actors seek to extract sensitive information or commit financial fraud. Meanwhile, other groups use employment scams for backdoor deployment. These…

How fraudsters redefine mobile banking account takeovers

3 min read - 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. As fraudsters use stolen credentials to commit e-commerce fraud, here's what banks and customers must keep in mind to stay safe. The modus operandi Step 1:…

Kronos malware reemerges with increased functionality

6 min read - 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 is typically used to download other malware and has historically been used by threat actors to deliver different types of malware to victims. After remaining…

Kronos malware reemerges with increased functionality

How security teams combat disinformation and misinformation

4 min read - “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…

A view into Web(View) attacks in Android

9 min read - James Kilner contributed to the technical editing of this blog. Nethanella Messer, Segev Fogel, Or Ben Nun and Liran Tiebloom contributed to the blog. Although in the PC realm it is common to see financial malware used in web attacks…

New DOJ Team Focuses on Ransomware and Cryptocurrency Crime

4 min read - While no security officer would rely on this alone, it’s good to know the U.S. Department of Justice is increasing efforts to fight cyber crime. According to a recent address in Munich by Deputy Attorney General Lisa Monaco, new efforts…

Security Intelligence

{{title}}

{{title}}

{{title}}

Topics

Virtual credit card fraud: An old scam reinvented

Remote access detection in 2023: Unmasking invisible fraud

Gozi strikes again, targeting banks, cryptocurrency and more

The rise of malicious Chrome extensions targeting Latin America

What to do about the rise of financial fraud

Crypto fraud in 2023: How can security teams fight

Beware of the growing scourge of job recruitment scams

How fraudsters redefine mobile banking account takeovers

Kronos malware reemerges with increased functionality

Kronos malware reemerges with increased functionality

How security teams combat disinformation and misinformation

A view into Web(View) attacks in Android

New DOJ Team Focuses on Ransomware and Cryptocurrency Crime

{{{title}}}

Topic updates