Money News, Articles and Updates

Study shows which phishing attacks most successful

People are very predictable when it comes to designing phishing attacks that appeal to a potential victims with people most likely to click on messages concerning money.

BeeToken customers duped out of £700,000 worth of Ethereum in phishing scam

BeeToken customers were duped out of more than US$1 million (£700,000) worth of Ethereum in a phishing scam targeting BeeToken's initial coin offering (ICO) in a scam similar to the one that targeted Experty earlier this week.

GandCrab blends old and new threat resources as ransomware evolves

A ransomware threat called GandCrab emerged during the last week of January, which itself not that newsworthy. However, it's distribution method and ransom currency choice could be pointers to how 2018 ransomware will evolve.

Now 50 cryptocurrencies used to pay for application security services

While many in the cyber-security industry see cryptocurrencies as primarily a facilitator of cyber-crime and money laundering, they can now be used to buy info-security services.

Jackpotting attacks are forcing ATMs to 'make it rain'

Organised criminals are physically accessing ATM machines and infecting them with malware that makes them spit out cash, in what reports are calling the first-ever confirmed case of "jackpotting" attacks in the US.

UK companies warned to boost cyber-security or face fines

Energy, transport, water and health firms could face penalties of up to £17 million if they do not have effective cyber-security measures and suffer service outages as a result, the UK government announced.

£20 million Institute of Coding to be built, PM announces at Davos

A consortium of more than 60 universities, industry experts and businesses is set to receive £20 million to create the Institute of Coding to help create the next generation of digital specialists, according to Prime Minister Theresa May.

661 blacklisted Bitcoin apps which leave users open to hackers

Apps on Google Play and others could steal money and personal data from victims. App stores are hosting 661 blacklisted Bitcoin apps which leave users open to hackers, accoriding to a recently published report.

Russian man arrested for petrol stealing malware

Russian authorities Sunday arrested Denis Zayev in Stavropol, Russia, on charges stemming from a widespread scam that swindled petrol station customers into paying for more petrol than they actually pumped into their tank.

Hackers crack BlackWallet DNS server, steal US$ 400,000

Attackers have made off with up to US$ 400,000 (£290,000) in cryptocurrency after an ingenious attack on Stellar Lumen (XLM) wallet, BlackWallet.

Facebook bug bounty programme paid out £638K in 2017

Facebook's 2017 Bug Bounty programme paid out US$ 880,000 (£638,000) to more than 100 researchers and will update its Thanks page in 2018 to reflect dollar amount and submission validity, among other items.

One third of Britons would apply to be a money mule

One third (32 percent) of Britons would apply for a job as a money mule - knowingly helping criminals launder money, according to the results of a fake job advert set up by Santander.

Hackers could steal from shipping companies by diverting cargo payments

Security researchers have found that freight messaging systems can be subverted to send money to criminals.

US FTC fines VTech toy firm over data breach

The Federal Trade Commission (FTC) fined toy firm VTech US$ 650,000 (£482,000) as part of a settlement for violating a US children's privacy laws.

Why are cyber-criminals dumping Bitcoin?

Cyber-crime players are not stupid, which is probably why they are dumping Bitcoin and going with the smart(er) money...

Stampado RaaS reflective of market trends

Trend Micro researchers spotted a new ransomware as a service (RaaS), dubbed Stampado, which may be indicative of ransomware market trends.

Cash if you get ransomware on your machine

Security company SentinelOne is now offering US$ 1000 (£762) per machine or up to US$ 1 million (£762,000) per company as compensation if a ransomware infection occurs while their product is installed.

Russian police to target credit-card credential thieves

Russia is planning to find ways to fight cyber-criminals specialising in the theft of bank-card personal data.

The 'silver lining' of growing cyber-security concerns

Oscar Arean predicts that 2016 will be the year that IT managers finally start to see more buy-in from the rest of the business when it comes to cyber-security.

JP Morgan hackers indicted in largest theft of customer details

100 million customer details were stolen and tens of million of dollars were made off with by a "sprawling cyber-criminal enterprise" in what is now known as the largest breach of customer details in US financial history.