Indian Bank Hit in $13.5M Cyberheist After FBI ATM Cashout Warning

Credit to Author: BrianKrebs| Date: Fri, 17 Aug 2018 19:27:10 +0000

On Sunday, Aug. 12, KrebsOnSecurity carried an exclusive: The FBI was warning banks about an imminent “ATM cashout” scheme about to unfold across the globe, thanks to a data breach at an unknown financial institution. On Aug. 14, a bank in India disclosed hackers had broken into its servers, stealing nearly $2 million in fraudulent bank transfers and $11.5 million unauthorized ATM withdrawals from more than two dozen cash machines across multiple countries.

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Hanging Up on Mobile in the Name of Security

Credit to Author: BrianKrebs| Date: Thu, 16 Aug 2018 17:01:36 +0000

An entrepreneur and virtual currency investor is suing AT&T for $224 million, claiming the wireless provider was negligent when it failed to prevent thieves from hijacking his mobile account and stealing millions of dollars in cryptocurrencies. Increasingly frequent, high-profile attacks like these are prompting some experts to say the surest way to safeguard one’s online accounts may be to disconnect them from the mobile providers entirely.

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Patch Tuesday, August 2018 Edition

Credit to Author: BrianKrebs| Date: Wed, 15 Aug 2018 14:52:21 +0000

Adobe and Microsoft each released security updates for their software on Tuesday. Adobe plugged five security holes in its Flash Player browser plugin. Microsoft pushed 17 updates to fix at least 60 vulnerabilities in Windows and other software, including two “zero-day” flaws that attackers were already exploiting before Microsoft issued patches to fix them.

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FBI Warns of ‘Unlimited’ ATM Cashout Blitz

Credit to Author: BrianKrebs| Date: Mon, 13 Aug 2018 00:28:11 +0000

The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few hours.

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Florida Man Arrested in SIM Swap Conspiracy

Credit to Author: BrianKrebs| Date: Tue, 07 Aug 2018 19:27:23 +0000

Police in Florida have arrested a 25-year-old man accused of being part of a multi-state cyber fraud ring that hijacked mobile phone numbers in online attacks that siphoned hundreds of thousands of dollars worth of bitcoin and other cryptocurrencies from victims. On July 18, 2018, Pasco County authorities arrested Ricky Joseph Handschumacher, an employee of the city of Port Richey, Fla, charging him with grand theft and money laundering. Investigators allege Handschumacher was part of a group of at least nine individuals scattered across multiple states who for the past two years have drained bank accounts via an increasingly common scheme involving mobile phone “SIM swaps.”

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Credit Card Issuer TCM Bank Leaked Applicant Data for 16 Months

Credit to Author: BrianKrebs| Date: Fri, 03 Aug 2018 15:48:53 +0000

TCM Bank, a company that helps more than 750 small and community U.S. banks issue credit cards to their account holders, said a Web site misconfiguration exposed the names, addresses, dates of birth and Social Security numbers of thousands of people who applied for cards between early March 2017 and mid-July 2018. TCM is a subsidiary of Washington, D.C.-based ICBA Bancard Inc., which helps community banks provide a credit card option to their customers using bank-branded cards.

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The Year Targeted Phishing Went Mainstream

Credit to Author: BrianKrebs| Date: Thu, 02 Aug 2018 15:11:45 +0000

A story published here on July 12 about a new sextortion-based phishing scheme that invokes a real password used by each recipient has become the most-read piece on KrebsOnSecurity since this site launched in 2009. And with good reason — sex sells (the second most-read piece here was my 2015 scoop about the Ashley Madison hack). But beneath the lurid allure of both stories lies a more unsettling reality: It has never been easier for scam artists to launch convincing, targeted phishing and extortion scams that are automated on a global scale. And given the sheer volume of hacked and stolen personal data now available online, it seems almost certain we will soon witness many variations on these phishing campaigns that leverage customized data elements to enhance their effectiveness.

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Reddit Breach Highlights Limits of SMS-Based Authentication

Credit to Author: BrianKrebs| Date: Thu, 02 Aug 2018 00:55:17 +0000

Reddit.com today disclosed that a data breach exposed some internal data, as well as email addresses and passwords for some Reddit users. As Web site breaches go, this one doesn’t seem too severe. What’s interesting about the incident is that it showcases once again why relying on mobile text messages (SMS) for two-factor authentication (2FA) can lull companies and end users into a false sense of security.

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State Govts. Warned of Malware-Laden CD Sent Via Snail Mail from China

Credit to Author: BrianKrebs| Date: Fri, 27 Jul 2018 15:45:09 +0000

Here’s a timely reminder that email isn’t the only vector for phishing attacks: Several U.S. state and local government agencies have reported receiving strange letters via snail mail that include malware-laden compact discs (CDs) apparently sent from China, KrebsOnSecurity has learned. This particular ruse, while crude and simplistic, preys on the curiosity of recipients who may be enticed into popping the CD into a computer. According to a non-public alert sent by the Multi-State Information Sharing and Analysis Center (MS-ISAC), the scam arrives in a Chinese postmarked envelope and includes a “confusingly worded typed letter with occasional Chinese characters.”

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LifeLock Bug Exposed Millions of Customer Email Addresses

Credit to Author: BrianKrebs| Date: Wed, 25 Jul 2018 22:20:46 +0000

Identity theft protection firm LifeLock — a company that’s built a name for itself based on the promise of helping consumers protect their identities online — may have actually exposed customers to additional attacks from ID thieves and phishers. The company just fixed a vulnerability on its Web site that allowed anyone with a Web browser to index email addresses associated with millions of customer accounts, or to unsubscribe users from all communications from the company. The upshot of this weakness is that cyber criminals could harvest the data and use it in targeted phishing campaigns that spoof LifeLock’s brand. Of course, phishers could spam the entire world looking for LifeLock customers without the aid of this flaw, but nevertheless the design of the company’s site suggests that whoever put it together lacked a basic understanding of Web site authentication and security. The upshot of this weakness is that cyber criminals could harvest the data and use it in targeted phishing campaigns that spoof LifeLock’s brand. Of course, phishers could spam the entire world looking for LifeLock customers without the aid of this flaw, but nevertheless the design of the company’s site suggests that whoever put it together it lacked a basic understanding of authentication and security.

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Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

Credit to Author: BrianKrebs| Date: Tue, 24 Jul 2018 13:38:12 +0000

Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 million total. Now the financial institution is suing its cybersecurity insurance provider for refusing to fully cover the losses.

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