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…
Browsing CategoryBank Fraud
Confessions of a Famous Fraudster: How and Why Social Engineering Scams Work
In a world in which bad news dominates, social engineering scams that carry a promise of good news can be incredibly lucrative for cyber criminals. In one recent example, fraudsters…
Ursnif Leverages Cerberus to Automate Fraudulent Bank Transfers in Italy
Contributed to this research: Segev Fogel, Amir Gendler and Nethanella Messer. IBM Trusteer researchers continually monitor the evolution and attack tactics in the banking sector. In a recent analysis,…
IBM Trusteer Exposes Massive Fraud Operation Facilitated by Evil Mobile Emulator Farms
IBM Security Trusteer’s mobile security research team has recently discovered a major mobile banking fraud operation that managed to steal millions of dollars from financial institutions in Europe and the…
Ginp Malware Operations are on the Rise, Aiming to Expand in Turkey
The Ginp mobile banking malware, which emerged in late 2019, is one of the top most prevalent Android banking malware families today. It started as a simple short message server (SMS)…
2020 Tax Fraud Trends: How to Protect Yourself at Home and Work
The tax season deadline in the U.S. is April 15, 2020, and that means scammers are officially on the prowl for unsuspecting tax fraud victims. Attackers are utilizing both time-tested…
How Will Strong Customer Authentication Impact the Security of Electronic Payments?
Rapid changes in the payments industry, the meteoric rise of e-commerce and the constant threat of fraud have led the European Union (EU) to update its Payment Services Directive (PDS),…
From Backhoes to Operating Systems: The Top Five ATM Security Weaknesses
Few targets are as appealing to criminals as automatic teller machines (ATMs). After all, they can store hundreds of thousands of dollars and, unlike banks or armored cars, can have…
ATM skimming crook behind bars after draining bank accounts for 2 years
A multi-state ATM card-skimming spree netted his gang over $800k from 531 people’s bank accounts. This post appeared first on Naked Security Blog by Sophos Author: Lisa Vaas
How Daniel Gor Helps Protect the World — and His Grandparents — From Financial Fraud
Daniel Gor might be “just a regular guy” by his own account, but he’s doing important work that shouldn’t be overlooked. As a solution engineer on IBM Trusteer’s fraud analyst…