The Federal Bureau of Investigation (FBI) warns that ransomware gangs are targeting companies involved in ‘time-sensitive financial events’ such as corporate mergers and acquisitions, to make it easier to extort their victims. In a private industry notification published recently, the FBI said ransomware operators would use the financial information collected before attacks as leverage to force […]
Cyber actors have represented a dangerous combination of aggressive disruption and high-stake targets in ransomware attacks against critical infrastructure. Governing bodies across the world were therefore required to come together and target these cybercriminals for their involvement in such harmful attacks. A total of 12 individuals wreaking havoc across the world with ransomware attacks against […]
China’s central bank has announced that all transactions of cryptocurrencies are illegal, effectively banning digital tokens such as Bitcoin. ‘Virtual currency-related business activities are illegal financial activities’, the People’s Bank of China said, warning it ‘seriously endangers the safety of people’s assets’. The price of Bitcoin fell by more than US$2,000 (£1,460) in the wake of the […]
New research from Experian has revealed that bank account fraud is now tracking at its highest level for more than three years. Drawing on the latest data from the National Hunter Fraud Prevention Service, the analysis uncovered an alarming surge in fraudulent activity targeting British businesses and consumers. The fraud rate for current accounts rose […]
Japan-based Liquid, a cryptocurrency exchange, has announced that it has suffered a hack and loss of funds. According to Elliptic’s analysis, just over US$97 million in cryptoassets have been received by the accounts identified by Liquid as belonging to the thief. This includes US$45 million in Ethereum tokens, which are currently being converted into Ether […]
A study of 600 CISOs explores how the COVID-19 pandemic has triggered a transformation in the shift to home working and how this has contributed to the rise in the number of cyberattacks targeting organisations. A new study has revealed an overwhelming percentage (75%) of CISOs consider their organisation to be at greater risk of […]
HID Global, a global provider in trusted identity solutions, has announced that UAE-based Al Ain Finance has selected its cloud-based HID Authentication Service and HID Approve mobile-based authentication application to offer its customers a secure and seamless online banking experience. Al Ain Finance built its UAE operation from the ground up on a foundation of […]
Lookout, an integrated endpoint-to-cloud security company, has announced the discovery of major cryptomining scams using hundreds of Android apps. Categorised into two distinct Android app families, BitScam and CloudScam, these apps were designed to target people interested in cryptocurrencies. In total, security researchers at the Lookout Threat Lab identified more than 170 apps that are estimated to have […]
The ‘Readiness Survey by FIS’ explores how capital market firms in Australia are transforming their technology and operations to compete in the future. Remote-working models are giving rise to new risk challenges for capital market firms in Australia, while regulators are shifting their attention to areas such as surveillance and fraud. Even as firms start […]
