Krebs

IndependentKrebs

IRS Scam Leverages Hacked Tax Preparers, Client Bank Accounts

Credit to Author: BrianKrebs| Date: Mon, 19 Feb 2018 14:44:49 +0000

Identity thieves who specialize in tax refund fraud have been busy of late hacking online accounts at multiple tax preparation firms, using them to file phony refund requests. Once the Internal Revenue Service processes the return and deposits money into bank accounts of the hacked firms’ clients, the crooks contact those clients posing as a collection agency and demand that the money be “returned.” In one version of the scam, criminals are pretending to be debt collection agency officials acting on behalf of the IRS. They’ll call taxpayers who’ve had fraudulent tax refunds deposited into their bank accounts, claim the refund was deposited in error, and threaten recipients with criminal charges if they fail to forward the money to the collection agency. This is exactly what happened to a number of customers at a half dozen banks in Oklahoma earlier this month. Elaine Dodd, executive vice president of the fraud division at the Oklahoma Bankers Association, said many financial institutions in the Oklahoma City area had “a good number of customers” who had large sums deposited into their bank accounts at the same time.

Read More
IndependentKrebs

New EU Privacy Law May Weaken Security

Credit to Author: BrianKrebs| Date: Thu, 15 Feb 2018 17:11:30 +0000

Companies around the globe are scrambling to comply with new European privacy regulations that take effect a little more than three months from now. But many security experts are worried that the changes being ushered in by the rush to adhere to the law may make it more difficult to track down cybercriminals and less likely that organizations will be willing to share data about new online threats. On May 25, 2018, the General Data Protection Regulation (GDPR) takes effect. The law, enacted by the European Parliament, requires technology companies to get affirmative consent for any information they collect on people within the European Union. Organizations that violate the GDPR could face fines of up to four percent of global annual revenues.

Read More
IndependentKrebs

Microsoft Patch Tuesday, February 2018 Edition

Credit to Author: BrianKrebs| Date: Tue, 13 Feb 2018 21:13:27 +0000

Microsoft today released a bevy of security updates to tackle more than 50 serious weaknesses in Windows, Internet Explorer/Edge, Microsoft Office and Adobe Flash Player, among other products. A good number of the patches issued today ship with Microsoft’s “critical” rating, meaning the problems they fix could be exploited remotely by miscreants or malware to seize complete control over vulnerable systems — with little or no help from users.

Read More
IndependentKrebs

Domain Theft Strands Thousands of Web Sites

Credit to Author: BrianKrebs| Date: Mon, 12 Feb 2018 13:41:53 +0000

Newtek Business Services Corp. [NASDAQ:NEWT], a Web services conglomerate that operates more than 100,000 business Web sites and some 40,000 managed technology accounts, had several of its core domain names stolen over the weekend. The theft shut off email and stranded Web sites for many of Newtek’s customers. An email blast Newtek sent to customers late Saturday evening made no mention of a breach or incident, saying only that the company was changing domains due to “increased” security. A copy of that message can be read here (PDF). In reality, three of their core domains were hijacked by a Vietnamese hacker, who replaced the login page many Newtek customers used to remotely manage their Web sites (webcontrolcenter[dot]com) with a live Web chat service. As a result, Newtek customers seeking answers to why their Web sites no longer resolved correctly ended up chatting with the hijacker instead.

Read More
IndependentKrebs

U.S. Arrests 13, Charges 36 in ‘Infraud’ Cybercrime Forum Bust

Credit to Author: BrianKrebs| Date: Thu, 08 Feb 2018 18:04:22 +0000

The U.S. Justice Department announced charges on Wednesday against three dozen individuals thought to be key members of ‘Infraud,” a long-running cybercrime forum that federal prosecutors say cost consumers more than a half billion dollars. In conjunction with the forum takedown, 13 alleged Infraud members from the United States and six other countries were arrested. Started in October 2010, Infraud was short for “In Fraud We Trust,” and collectively the forum referred to itself as the “Ministry of Fraudulently [sic] Affairs.” As a mostly English-language fraud forum, Infraud attracted nearly 11,000 members from around the globe who sold, traded and bought everything from stolen identities and credit card accounts to ATM skimmers, botnet hosting and malicious software.

Read More
IndependentKrebs

Would You Have Spotted This Skimmer?

Credit to Author: BrianKrebs| Date: Tue, 06 Feb 2018 14:53:42 +0000

When you realize how easy it is for thieves to compromise an ATM or credit card terminal with skimming devices, it’s difficult not to inspect or even pull on these machines when you’re forced to use them personally — half expecting something will come detached. For those unfamiliar with the stealth of these skimming devices and the thieves who install them, read on.

Read More