Comerica Phish Foiled 2-Factor Protection
A metals supply company in Michigan is suing its bank for poor security practices after a successful phishing attack against an employee allowed thieves to steal more than $560,000 last year.
A metals supply company in Michigan is suing its bank for poor security practices after a successful phishing attack against an employee allowed thieves to steal more than $560,000 last year.
Criminals are spamming the Zeus banking Trojan in a convincing e-mail that spoofs the National Security Agency. Initial reports indicate that a large number of government and military systems may have been compromised by the attack.
Hackers broke into computer systems at a Masschusetts chapter of the United Way last week and attempted to make off with more than $150,000 of the charity’s money.
This past week, I was reminded of a conversation I had with an ethical hacker I met at the annual Defcon security conference in Las Vegas, who showed me what may have been (and still remains) the shortest and most elegant trick I’ve seen to crash Internet Explorer 6 Web browser. I was reminded because the guy who told me about it said it still worked, even though he alerted Microsoft to the flaw back in 2004.
According to Doten, the U.S. Secret Service estimates that annual losses from ATM fraud totaled about $1 billion in 2008, or about $350,000 each day. Card skimming, where the fraudster affixes a bogus card reader on top of the real reader, accounts for more than 80 percent of ATM fraud, Doten said.
When a computer virus infection at a business allows thieves to steal tens of thousands of dollars from the company’s commercial banking account, banks typically don’t reimburse the victim company. But the truth is, most banks make that decision on… Read More »
New reports released this week on recent, high-profile data breaches make the compelling case that a simmering Cold War-style cyber arms race has emerged between the United States and China. A study issued Thursday by McAfee and the Center for Strategic… Read More »
Here in the States, today is “National Data Privacy Day.” Declared as such on this day a year ago by the U.S. Congress, this unofficial holiday is meant to remind teens and young adults about the importance of protecting their… Read More »
The graphic above is from a report out today by Team Cymru, a group that monitors studies online attacks and other badness in the underground economy. It suggests an increasing divergence in the way criminals are managing botnets, those large… Read More »
A machine equipment company in Texas is tussling with its bank after organized crooks swiped more than $800,000 in a 48-hour cyber heist late last year. While many companies similarly victimized over the past year have sued their banks for… Read More »