Europol and the European Banking Federation have launched a new campaign designed to raise public awareness of growing incidents of financial fraud and data theft, as part of European Cyber Security Month (ECMS).. Over the coming week, law enforcers from 28 EU member states as well as Colombia, Liechtenstein, Norway, Switzerland and Ukraine will be joining forces with 24 national banking associations and others to warn consumers not to fall for cyber scams. The link for this article located at InfoSecurity is no longer available. . Financial institutions and police collaborate to enhance public understanding of the increasing threats posed by financial crimes and online scams throughout Europe.. Cyber Scams, Financial Fraud, Consumer Awareness, Europol Campaign. . Brittany Day
Earlier this month, reports surfaced which suggested that Cosmos Bank, India's oldest at 112 years old, had become the victim of a cyberattack which left the institution millions out of pocket. . The attack reportedly took place in two stages been August 10 - 13. According to the Hindustan Times, malware was used on the bank's ATM server to steal the credit card information of customers, alongside SWIFT codes required for transactions. The link for this article located at ZDNet is no longer available. . In August 2018, Cosmos Bank in Pune suffered a cyberattack resulting in a $13 million loss, highlighting the urgent need for enhanced cybersecurity measures. Cosmos Bank Heist,Cyberattack Investigation,ATM Malware Exploit,Financial Data Breach,Credit Card Information. . LinuxSecurity.com Team
A Russian hacker extradicted to the US earlier this year admitted his role in the largest hack in US history. The attack compromised more than 160 million credit card numbers, resulting in hundreds of millions of US dollars in losses. . Vladimir Drinkman, 34, said Tuesday in federal court in Camden, New Jersey, that he plotted with four other men to steal credit card numbers from payments processors Global Payments and Heartland Payment Systems, grocery chain Hannaford Brothers and at least 14 other organisations from 2005 to 2012. . Vladimir Drinkman, 34, said Tuesday in federal court in Camden, New Jersey, that he plotted with fou. russian, hacker, extradicted, earlier, admitted, largest. . LinuxSecurity.com Team
Recently, an international hacking ring was discovered to have stolen more than $100 million. The sophisticated plan demonstrated ingenuity on the part of the attackers. They exploited a core vulnerability of the financial system in one of the digital age. This is the first U.S. prosecuted criminal case in which the hackers teamed up with stockbrokers to commit to access inside information in their securities fraud plot.[ii] The link for this article located at Darkmatters is no longer available. . Discover the initial instance in the United States where cybercriminals and financial traders conspired to execute a securities scam amounting to millions of dollars.. Insider Fraud, Hacking Collaboration, Cybersecurity Issues. . LinuxSecurity.com Team
Former security researcher Max Butler has been sentenced to 13 years in federal prison for hacking financial firms and stealing nearly two million credit card numbers from banks, businesses and other hackers. The judgement is the longest sentence for a hacker in US history.. Max Butler, who used the hacker pseudonym Iceman, was sentenced Friday morning in US District Court in Pittsburgh on charges of wire fraud and identity theft. In addition to his 13-year sentence, Butler will face five years of supervised release and must pay US$27.5 million in restitution to his victims, according to Assistant U.S. Attorney Luke Dembosky, who prosecuted the case for the federal government. Dembosky believes the 13 year sentence is the longest-ever handed down for hacking charges. Butler, also known as Max Ray Vision, pleaded guilty to wire fraud charges in June last year. He gained notoriety for hacking into carder forum websites, where stolen credit card numbers are bought and sold, and forcing members to conduct their business through his own site - CardersMarket.com. Criminals used the stolen credit card numbers to create fake debit and credit cards that were then used to steal money or merchandise. This isn't Butler's first time facing a federal hacking sentence. The link for this article located at Tech World is no longer available. . Max Butler, who used the hacker pseudonym Iceman, was sentenced Friday morning in US District Court . former, security, researcher, butler, sentenced, years, federal, prison, hacking. . LinuxSecurity.com Team
A Miami-based hacker plead guilty this week for his role in orchestrating a series of massive data security breaches that bilked retailers and financial firms of tens of millions of credit and debit cards.. Albert Gonzalez, 28, plead guilty in federal court in Boston to conspiring to hack into computer networks operated by Heartland Payment Systems Inc., 7-Eleven Inc., Hannaford Brothers Co.. and other retailers. Under the terms of the plea agreement, Gonzalez could face between 17 and 25 years in prison for his role in the attacks. The credit card heist is said to have affected more than 250 financial institutions. In September, Gonzalez plead guilty to 19 counts of conspiracy, fraud and aggravated identity theft relating to hacking into numerous major U.S. retailers including TJX Co., BJ's Wholesale Club, OfficeMax, Boston Market, Barnes & Noble and Sports Authority. He was charged along with two Russian hackers for the attacks. He also plead guilty to one count of conspiracy for his role in the data breach at the Dave & Buster's restaurant chain. The link for this article located at SearchSecurity is no longer available. . Albert Gonzalez, 28, plead guilty in federal court in Boston to conspiring to hack into computer net. miami-based, hacker, plead, guilty, orchestrating, series, massive. . LinuxSecurity.com Team
The U.S. Secret Service Thursday announced arrests in eight states and six foreign countries of 28 suspected cybercrime gangsters on charges of identity theft, computer fraud, credit card fraud, and conspiracy. . . .. The U.S. Secret Service Thursday announced arrests in eight states and six foreign countries of 28 suspected cybercrime gangsters on charges of identity theft, computer fraud, credit card fraud, and conspiracy. Dubbed "Operation Firewall," the investigation was led by the Secret Service, and involved both local and federal law enforcement agencies in the U.S. and counterparts in Bulgaria, Belarus, Poland, Sweden, the Netherlands, and Ukraine. The 28 suspects were believed to have trafficked in at least 1.7 million stolen credit card numbers, with losses to financial institutions pegged at over $4.3 million. But it could have been worse. Estimates of potential damages if the gangs hadn't been broken up range into the hundreds of millions, the agency said. The link for this article located at TechWeb News is no longer available. . Federal agents capture 28 cyber offenders linked to scams spanning seven states and five nations, protecting monetary assets.. Cybercrime Arrests, Identity Theft Rings, Computer Fraud Operations, Secret Service Investigations. . Anthony Pell
More bad news about phishing attacks arrived Friday via message filtering firm SurfControl when it unveiled numbers showing the scams have increased nearly 500% since January. . . .. More bad news about phishing attacks arrived Friday via message filtering firm SurfControl when it unveiled numbers showing the scams have increased nearly 500% since January. Phishing attacks are spam messages that pose as legitimate mail from big-name banks, credit-card companies, and retailers. Links within the messages try to entice recipients to visit bogus Web sites, where they're told that their account information needs to be updated. Users who fall for the con divulge personal financial information, as credit-card and bank-account numbers, which is used by the attacker to siphon funds, purchase goods, or steal identities. The number of unique scams spotted by SurfControl has grown 477%, from 33 to 155 in the first five months of this year, according to Susan Larson, SurfControl's VP of global content. In the last 12 months, she added, phishing scams have rocketed by more than 5,000%--from three in May 2003, to 155 in 2004). Other phishing watchers have noted an even more dramatic rise in the raw numbers of phishing messages. In April, for instance, MessageLabs said it had seen phishing messages skyrocket from just 279 in September 2003, to 215,643 in March 2004. The link for this article located at informationweek.com is no longer available. . Scam emails are surging dramatically, showing an alarming 400% jump since the year's start, as noted in the findings from CyberWatch.. Phishing Attack,Cyber Threat,Financial Fraud. . LinuxSecurity.com Team
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