With many people being laid off or working from home thanks to the Coronavirus pandemic, cybercrooks are almost certain to have more than their usual share of recruitable “money mules” — people who get roped into money laundering schemes under the pretense of a work-at-home job offer. Here’s the story of one upstart mule factory that spoofs a major nonprofit and tells new employees they’ll be collecting and transmitting donations for an international “Coronavirus Relief Fund.”
For the second time in as many years, hackers have compromised Verticalscope.com, a Canadian company that manages hundreds of popular Web discussion forums totaling more than 45 million user accounts. Evidence of the breach was discovered just before someone began using that illicit access as a commercial for a new paid search service that indexes consumer information exposed in corporate data breaches.
As a greater number of banks in the United States shift to issuing more secure credit and debit cards with embedded chip technology, fraudsters are going to direct more of their attacks against online merchants. No surprise, then, that thieves increasingly are turning to an emerging set of software tools to help them evade fraud detection schemes employed by many e-commerce companies.