Security researchers have uncovered a highly sophisticated, multi-tiered, global financial fraud ring that has attempted fraudulent transfers of up to 1.6bn from at least 60 banks This fraud empire, discovered by researchers from security ...
Tags: financial fraud, security, banking system, financial security
Approximately 3.6 million Social Security numbers and 387,000 credit and debit card numbers belonging to South Carolina taxpayers were exposed after a server at the state’s Department of Revenue was breached by an international ...
Tags: credit cards, Data leak, protection, security breach, Social securtiy
Outlook.com, the new webmail service that Microsoft is previewing and that will replace Hotmail, has gained security boosts against phishing and spam. The new safety features come via support for the DMARC email authentication standard ...
A federal judge has rejected BancorpSouth's plan to use contractual agreements with customers as a shield against liability claims stemming from an online heist of some $440,000 that was illegally wire-transferred from the account of one of ...
Tags: federal judge, BancorpSouth, online heist
Security threats to your mobile device such as malware, fraudulent lures such as SMS spoofing, and toll fraud, are all becoming favourites of digital crooks as people move away from using PCs and toward smartphones and tablets, according to ...
Tags: cybercrime, mobile devices, mobile security, PC, tablet
Years ago the typical hacking scenario involved a lone attacker and maybe some buddies working late at night on Mountain Dew, looking for public-facing IP addresses. When they found one, they enumerated the advertising services (Web server, ...
The problem of ransom malware has reached epidemic proportions and could be extracting fraudulent payments from as many as 3 percent of victims, a Symantec report has calculated. In a world already afflicted by botnets, banking Trojans ...
Tags: botnet, cyber security, cybercrime, malware, Malware ransome, profits
Bank employees, not customers, are now the main target of financial cyber attacks, according to the FBI. In a warning issued earlier this week, it said the latest trend by cybercriminals is to get employee login credentials, using spam ...
Tags: BYOD, cyberattack, cybercrime, FBI, highlightedpost, risk, Trojan
Researchers from Israel-based IT security firm Seculert have uncovered a custom-made piece of malware that infected hundreds of point-of-sale (PoS) systems from businesses in 40 countries in the past few months and stole the data of tens of ...
Tags: data, dexter, highlightedpost, israel, malware, POS, research, seculert
The National Highway Traffic Safety Administration (NHTSA) has issued a consumer warning involving the sale of counterfeit air bags that were used as replacement parts for vehicles involved in a crash. The fake air bags look like certified, ...
Tags: traffic safety, NHTSA, consumer warning, counterfeit air bags
Nationwide Mutual Insurance Company has implemented BAE Systems Detica's Detica NetReveal solution for fraud detection in its Property and Casualty (P&C) business. Detica NetReveal is designed to prevent fraud at the point of policy ...
Tags: insurance, fraud detection, point of policy application
US based insurer Appalachian Underwriters (AUI) has set up an alliance with GlobalOptions to serve as its Special Investigations Unit (SIU) provider. Under the new agreement, GlobalOptions will offer as the SIU provider handling ...
Tags: insurer, Special Investigations, Appalachian Underwriters, GlobalOptions
US-based third party claims and litigation management firm Carl Warren & Company, has selected GlobalOptions as the special investigations unit (SIU) provider for its customers. As part of the agreement, GlobalOptions will be responsible ...
Tags: Carl Warren, GlobalOptions, SIU
US-based seafood supplier The Foley Fish has received achieved Marine Stewardship Council(MSC)Chain of Custody certification for its commitment towards quality and stewardship. The company sells its products to fine dining ...
Tags: MSC, seafood, stewardship, certification
General Re's former chief executive Ronald Ferguson and four other executives have struck a deal with the US government to prevent a second criminal trial over allegations of creating fake reinsurance transactions to strengthen American ...
Tags: General Re, criminal trial, fake reinsurance, insurance