Many of the nation’s top banks, investment firms and credit providers are vulnerable to a newly-discovered twist on a known security flaw that exposes their Web site traffic to eavesdropping. The discovery has prompted renewed warnings from the U.S. Department of Homeland Security advising vulnerable Web site owners to address the flaw as quickly as possible.
When a retailer’s credit card systems get breached by hackers, banks usually can tell which merchant got hacked soon after those card accounts become available for purchase at underground cybercrime shops. But when commercial data brokers get hacked or are tricked into giving consumers’ data to identity thieves, there is no easy way to tell who leaked the information when it ends up for sale in the black market. In this post, we’ll examine one idea to hold consumer data brokers more accountable.
A new report from the U.S. Treasury Department found that a majority of bank account takeovers by cyberthieves over the past decade might have been thwarted had affected institutions known to look for and block transactions coming through Tor, a global communications network that helps users maintain anonymity by obfuscating their true location online.
The recent hacker break-in at Sony Pictures Entertainment appears to have involved the theft of far more than unreleased motion pictures: According to multiple sources, the intruders also stole more than 25 gigabytes of sensitive data on tens of thousands… Read More »
Underground cybercrime shops that sell credit and debit card accounts stolen from retailers are slashing prices and promoting their own Black Friday and Cyber Monday sales as fraudsters gear up for the busy holiday shopping season.
In April 2014, this blog featured a story about Lance Ealy, an Ohio man arrested last year for buying Social Security numbers and banking information from an underground identity theft service that relied in part on data obtained through a company owned by big-three credit bureau Experian. Earlier this week, Ealy was convicted of using the data to fraudulently claim tax refunds with the IRS in the names of more than 175 U.S. citizens, but not before he snipped his monitoring anklet and skipped town.
You can’t make this stuff up: A tech support company based in the United States that outsources its work to India says its brand is being unfairly maligned by — wait for it…..tech support scammers based in India. In an added twist, the U.S.-based tech support firm claims that the trouble is related to its admittedly false statements about being a Microsoft Certified Partner — a common claim among telephone-based tech support scams.
Spammers have been working methodically to hijack large chunks of Internet real estate by exploiting a technical and bureaucratic loophole in the way that various regions of the globe keep track of the world’s Internet address ranges.
A number of readers have complained recently about having their Hilton Honors loyalty accounts emptied by cybercrooks. This type of fraud often catches consumers off-guard, but the truth is that the recent spike against Hilton Honors members is part of a larger fraud trend that’s been worsening for years as more companies offer rewards programs.
Many companies give customers the ability to earn “loyalty” or “award” points and miles that can be used to book travel, buy goods and services online, or redeemed for cash. Unfortunately, the online accounts used to manage these reward programs tend to be less secured by both consumers and the companies that operate them, and increasingly cyber thieves are swooping in to take advantage.
The Obama administration recently issued an executive order requiring that federal agencies migrate to more secure chip-and-PIN based credit cards for all federal employees that are issued payment cards. The move marks a departure from the far more prevalent “chip-and-signature” standard, an approach that has been overwhelmingly adopted by a majority of U.S. banks that are currently issuing chip-based cards. This post seeks to explore some of the possible reasons for the disparity.
