Cybercriminals - All News And Posts By Crowdfund Insider

Kraken Security Labs Warns Cryptocurrency Investors About Recent Phishing Attacks related to Ledger Hardware Wallet

November 5, 2020 @ 8:53 am By Omar Faridi |

Kraken, an established US-based cryptocurrency exchange, recently confirmed that Ledger clients whose data was stolen during a security breach have been targeted in a phishing scam that was carried out this past week. The team of experts at Kraken Security Labs have provided an analysis… Read More

Mastercard Says its AI and Machine Learning Solutions Aim to Stop Fraudulent Activites which have Increased Significantly due to COVID

October 22, 2020 @ 11:32 pm By Omar Faridi |

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard, notes that artificial intelligence (AI) algorithms are part of the payment company’s “first line of defense” in protecting over 75 billion transactions that Mastercard processes on its network every year. Bhalia recently revealed the different ways that… Read More

US Department of Treasury’s Office of Foreign Assets Control Warns that Paying Perpetrators of Ransomware Attacks May lead to $20 Million Fine

October 3, 2020 @ 9:47 am By Omar Faridi |

Companies or businesses that have been targeted with malicious ransomware attacks might potentially face fines as high as $20 million if they agree to the demands from extortionists, particularly the ones who have been listed on financial crime sanctions lists, the US Department of Treasury… Read More

Digital Transactions have Increased following COVID Outbreak, which May lead to More Account Takeovers, Identity Theft

September 27, 2020 @ 1:36 pm By Omar Faridi |

The global banking sector has faced many challenges due to the socioeconomic problems resulting from the COVID-19 outbreak. Many banks or financial institutions have had to shut down physical branches while asking their employees to work remotely in order to prevent the further spread of… Read More

Hackers are Using Malicious, Automated Scripts to Attack Computer Systems Every 39 Seconds, Digital Asset Security Firm NGRAVE Reveals

September 9, 2020 @ 7:48 pm By Omar Faridi |

NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, reveals that hackers regularly use automated scripts (malicious computer code) that allow them to attack computer systems every 39 seconds (on average 2,244 times per day). The… Read More

Evilnum Hackers are Now Using Malicious Malware Scripts Written in Python to Target Fintech Service Providers

September 4, 2020 @ 2:19 pm By Omar Faridi |

A hacking group has reportedly introduced new trojan malware that aims to target Fintech service providers. The malicious scripts have been created to gain access to people’s email accounts, steal their passwords and business-related information. The malware scripts have been added to code that has… Read More

Cyberattacks in the UK, US Increase as More Consumers and Businesses Conduct Financial Transactions Online

August 17, 2020 @ 7:50 am By Omar Faridi |

Cyberattacks against US-based financial industry firms increased by around 240% between February and April 2020, according to a new report. These attacks have become more prevalent after the global COVID-19 outbreak, as more individuals and businesses are using online services. Tom Kellerman, head of cybersecurity… Read More

Over 300,000 Potentially Fraudulent Sites with Fake Celeb Endorsements Identified by UK’s National Cyber Security Centre, Half were Related to Cryptocurrency

August 15, 2020 @ 12:17 pm By Omar Faridi |

During the past few months, the National Cyber Security Centre (NCSC) reportedly took down more than 300,000 website URLs that were related to fake celebrity-backed or endorsed investments. More than half or 150,000 sites involved potentially fraudulent cryptocurrency investment offers. The NCSC noted on August… Read More

World Economic Forum Recommends Adopting Clear and Actionable Cybersecurity Guidelines for Fintech Firms

July 25, 2020 @ 2:53 pm By Omar Faridi |

The World Economic Forum (WEF) Fintech Cybersecurity Consortium was established in 2018. It aims to help protect the global financial ecosystem, which now includes large organizations with “high levels of cybersecurity maturity” and fast-growing Fintech firms that are offering emerging technologies such as AI, Big… Read More

Cybercrime and Banking Fraud Alert: State Bank of India, Nation’s Largest Lender, Reminds Customers to Never Share Personal Details with Anyone

July 20, 2020 @ 10:27 pm By Omar Faridi |

The State of Bank of India (SBI) has again cautioned against the increasing number of fraudulent activities targeting unsuspecting bank account holders. The SBI is a multinational, public sector banking and financial services statutory body that’s headquartered in Mumbai, Maharashtra. Last year, it was ranked… Read More

US Secret Service Establishes Cyber Fraud Task Force to Combat Financial Crimes Conducted via the Internet

July 13, 2020 @ 9:58 pm By Omar Faridi |

The US Secret Service, a federal law enforcement agency operating under the Department of Homeland Security and responsible for conducting criminal investigations and protecting the country’s leaders and their family members, has established the Cyber Fraud Task Force (CFTF). The CFTF has been formed after… Read More

Major European Financial Organizations Introduce Cybercrime Information Sharing Program to Combat Cyberattacks

February 28, 2020 @ 7:11 am By Omar Faridi |

Reserve banks, clearinghouses, global stock exchanges, payment processing service providers and law enforcement organizations based in Europe have teamed up in order to introduce a cybercrime information-sharing program. The goal of the project, called Cyber Information and Intelligence Sharing Initiative (CIISI-EU), is to protect the… Read More