Cybercriminals Finding Ways to Bypass ‘3D Secure’ Fraud Prevention System

Security researchers with threat intelligence firm Gemini Advisory say they have observed dark web activities related to bypassing 3D Secure (3DS), which is designed to improve the security of online credit and debit card transactions. read more SecurityWeek RSS Feed

US indicts John McAfee for cryptocurrency fraud, money laundering

US federal prosecutors have charged John McAfee, founder of cybersecurity firm McAfee, and his executive advisor Jimmy Gale Watson Jr for cryptocurrency fraud and money laundering. […] BleepingComputer

Cyber News Rundown: Android Giveaway Fraud

Reading Time: ~ 2 min. Thousands of Android Users fall Victim to Giveaway Fraud Upwards of 65,000 Android users were potentially compromised after installing a malicious app promising free giveaways. Over the year the scam was in effect, roughly 5,000 apps were spoofed to lure victims into downloading in exchange for a phony giveaway. In […]

Cachet Financial Reeling from MyPayrollHR Fraud

When New York-based cloud payroll provider MyPayrollHR unexpectedly shuttered its doors last month and disappeared with $ 26 million worth of customer payroll deposits, its payment 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 […]

Everything you need to know about ATM attacks and fraud: Part 1

Flashback to two years ago. At exactly 12:33 a.m., a solitary ATM somewhere in Taichung City, Taiwan, spewed out 90,000 TWD (New Taiwan Dollar)—about US$ 2,900 today—in bank notes. No one was cashing out money from the ATM at the time. In fact, this seemingly odd system glitch was actually a test: The culprit who […]

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