The Coming Storm

IndependentKrebs

Cachet Financial Reeling from MyPayrollHR Fraud

Credit to Author: BrianKrebs| Date: Fri, 25 Oct 2019 00:50:44 +0000

When NY based cloud payroll provider MyPayrollHR unexpectedly shuttered its doors last month and disappeared with $26 million worth of customer payroll deposits, its payments processor Cachet Financial Services ended up funding the bank accounts of MyPayrollHR client company employees anyway, graciously eating a $26 million loss which it is now suing to recover.

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IndependentKrebs

Feds Allege Adconion Employees Hijacked IP Addresses for Spamming

Credit to Author: BrianKrebs| Date: Mon, 02 Sep 2019 20:52:00 +0000

Federal prosecutors in California have filed criminal charges against four employees of Adconion Direct, an email advertising firm, alleging they unlawfully hijacked vast swaths of Internet addresses and used them in large-scale spam campaigns. KrebsOnSecurity has learned that the charges are likely just the opening salvo in a much larger, ongoing federal investigation into the company’s commercial email practices.

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IndependentKrebs

Phishers are Angling for Your Cloud Providers

Credit to Author: BrianKrebs| Date: Fri, 30 Aug 2019 16:21:59 +0000

Many companies are now outsourcing their marketing efforts to cloud-based Customer Relationship Management (CRM) providers. But when accounts at those CRM providers get hacked or phished, the results can be damaging for both the client’s brand and their customers. Here’s a look at a recent CRM-based phishing campaign that targeted customers of Fortune 500 construction equipment vendor United Rentals.

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IndependentKrebs

The Rise of “Bulletproof” Residential Networks

Credit to Author: BrianKrebs| Date: Mon, 19 Aug 2019 13:03:32 +0000

Cybercrooks increasingly are anonymizing their malicious traffic by routing it through residential broadband and wireless data connections. Most often, those connections are hacked computers, mobile phones, or home routers. But this is the story of a sprawling “bulletproof residential VPN” service that appears to have been built by acquiring chunks of Internet addresses from some the largest ISPs and mobile data providers in the United States and abroad.

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IndependentKrebs

Who Owns Your Wireless Service? Crooks Do.

Credit to Author: BrianKrebs| Date: Wed, 07 Aug 2019 22:43:58 +0000

Incessantly annoying and fraudulent robocalls. Corrupt wireless company employees taking hundreds of thousands of dollars in bribes to unlock and hijack mobile phone service. Wireless providers selling real-time customer location data, despite repeated promises to the contrary. A noticeable uptick in SIM-swapping attacks that lead to multi-million dollar cyberheists. If you are somehow under the impression that you — the customer — are in control over the security, privacy and integrity of your mobile phone service, think again. And you’d be forgiven if you assumed the major wireless carriers or federal regulators had their hands firmly on the wheel.

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IndependentKrebs

The Risk of Weak Online Banking Passwords

Credit to Author: BrianKrebs| Date: Mon, 05 Aug 2019 14:04:27 +0000

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. This story is about how crooks increasingly are abusing third-party financial aggregation services like Mint, Plaid, Yodlee, YNAB and others to surveil and drain consumer accounts online.

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