Fraud | Breaking Cybersecurity News | The Hacker News

An unknown threat actor has been linked to a massive scam campaign that exploited an email routing misconfiguration in email security vendor Proofpoint's defenses to send millions of messages spoofing various popular companies like Best Buy, IBM, Nike, and Walt Disney, among others. "These emails echoed from official Proofpoint email relays with authenticated SPF and DKIM signatures , thus bypassing major security protections — all to deceive recipients and steal funds and credit card details," Guardio Labs researcher Nati Tal said in a detailed report shared with The Hacker News. The cybersecurity company has given the campaign the name EchoSpoofing . The activity is believed to have commenced in January 2024, with the threat actor exploiting the loophole to send as many as three million emails per day on average, a number that hit a peak of 14 million in early June as Proofpoint began to enact countermeasures. "The most unique and powerful part of this domain ...

It's no secret that the internet isn't a very safe place. And it's not hard to understand why. It's a medium that connects billions of people around the world that affords bad actors enough anonymity to wreak havoc without getting caught. It's almost as if the internet's tailor-made to enable scams and fraud. And that's just what it does. Right now, the world's on track to  lose $10.5 trillion every year  to cybercrime. That number is so large that it's hard for the average person to grasp. And when most people hear it, they imagine that money's coming mostly from large-scale data breaches and ransomware attacks on large companies. Although businesses are among the hardest hit each year, they're by no means the only target. Every day, internet users are targeted too. They face barrages of phishing emails, compromised websites, and booby-trapped downloads. But among all of the attacks aimed at rank-and-file users, there's one that stand...

The problem is simple: all breaches start with initial access, and initial access comes down to two primary attack vectors – credentials and devices. This is not news; every report you can find on the threat landscape depicts the same picture.  The solution is more complex. For this article, we'll focus on the device threat vector. The risk they pose is significant, which is why device management tools like Mobile Device Management (MDM) and Endpoint Detection and Response (EDR) are essential components of an organization's security infrastructure. However, relying solely on these tools to manage device risk actually creates a false sense of security. Instead of the blunt tools of device management, organizations are looking for solutions that deliver device trust . Device trust provides a comprehensive, risk-based approach to device security enforcement, closing the large gaps left behind by traditional device management solutions. Here are 5 of those limitations and how to ov...