Internet Fraud | Breaking Cybersecurity News | The Hacker News

Google on Wednesday announced a new partnership with the Global Anti-Scam Alliance ( GASA ) and DNS Research Federation ( DNS RF ) to combat online scams . The initiative, which has been codenamed the Global Signal Exchange ( GSE ), is designed to create real-time insights into scams, fraud, and other forms of cybercrime pooling together threat signals from different data sources in order to create more visibility into the facilitators of cybercrime. "By joining forces and establishing a centralized platform, GSE aims to improve the exchange of abuse signals, enabling faster identification and disruption of fraudulent activities across various sectors, platforms and services," Google said in a blog post shared with The Hacker News. "The goal is to create a user-friendly, efficient solution that operates at an internet-scale, and is accessible to qualifying organizations, with GASA and the DNS Research Federation managing access." The tech giant said it has sh...

Breaking News — The Nigerian prince and his allies who might have also asked you over an email for your assistance to help save "the first African astronaut lost in space" have finally been arrested by the FBI. Don't take it too seriously, as there's no Nigerian prince or an astronaut seeking your help. Instead, it was an infamous 'Nigerian 419' scam email template where fraudsters try to dupe you into making a quick online payment by offering a share in a large sum of money on the condition you help them transfer money out of their country. The FBI today announced the arrests of 281 suspects from around the world as part of an internationally coordinated law enforcement operation aimed at disrupting multi-billion-dollar BEC email and wire transfer scams. With no surprise, the largest number of arrests were made in Nigeria where authorities detained a total of 167 suspects, though a significant number of arrests were also made in nine other countrie...

Vulnerability Management (VM) has long been a cornerstone of organizational cybersecurity. Nearly as old as the discipline of cybersecurity itself, it aims to help organizations identify and address potential security issues before they become serious problems. Yet, in recent years, the limitations of this approach have become increasingly evident.  At its core, Vulnerability Management processes remain essential for identifying and addressing weaknesses. But as time marches on and attack avenues evolve, this approach is beginning to show its age. In a recent report, How to Grow Vulnerability Management into Exposure Management (Gartner, How to Grow Vulnerability Management Into Exposure Management, 8 November 2024, Mitchell Schneider Et Al.), we believe Gartner® addresses this point precisely and demonstrates how organizations can – and must – shift from a vulnerability-centric strategy to a broader Exposure Management (EM) framework. We feel it's more than a worthwhile read an...

In a legal extradition tug-of-war between the United States and Russia, it seems France has won the game, surprisingly. A Greek court has ruled to extradite the Russian cybercrime suspect and the former operator of now-defunct BTC-e crypto exchange to France, instead of the United States or to his native Russia, according to multiple Russian news outlets. Alexander Vinnik , 38, has been accused of laundering more than $4 billion in bitcoin for criminals involved in hacking attacks, tax fraud and drug trafficking with the help of BTC-e crypto exchange. BTC-e, a digital currency exchange service operating since 2011, was seized by the authorities right after Vinnik's arrest in northern Greece in late July 2016 at the request of US law enforcement authorities. Vinnik is also accused to the failure of the once-most famous Japanese bitcoin exchange Mt. Gox , which was shut down in 2014 following a series of mysterious robberies, which totaled at least $375 million in Bitcoin...

Tanvir Hassan Zoha , a 34-year-old security researcher, who spoke to media on the $81 Million Bangladesh Bank cyber theft , has gone missing since Wednesday night, just days after accusing Bangladesh's central bank officials of negligence. Zoha was investigating a recent cyber attack on Bangladesh's central bank that let hackers stole $81 Million from the banks' Federal Reserve bank account. Though the hackers tried to steal $1 Billion from the bank, a simple typo prevented the full heist. During his investigation, Zoha believed the Hackers, who are still unknown, had installed Malware on the bank's computer systems few weeks before the heist that allowed them to obtain credentials needed for payment transfers. With the help of those credentials, the unknown hackers transferred large sums from Bangladesh's United States account to fraudulent accounts based in the Philippines and Sri Lanka. However, at the same time, Zoha accused senior offic...

The recent cyber attack on Bangladesh's central bank that let hackers stole over $80 Million from the institutes' Federal Reserve bank account was reportedly caused due to the Malware installed on the Bank's computer systems. Few days ago, reports emerged of a group of unknown hackers that broke into Bangladesh's central bank, obtained credentials needed for payment transfers from Federal Reserve Bank of New York and then transferred large sums to fraudulent accounts based in the Philippines and Sri Lanka. The criminal group was able to steal a total value of about $81 Million from the Federal Reserve's Bangladesh account through a series of fraudulent transactions, but a typo in some transaction prevented a further $850 Million Heist . However, the question was still there: How the Hackers managed to transfer $80 Million without leaving any Trace? Security researchers from FireEye's Mandiant forensics are helping the Dhaka investigat...

Typos are really embarrassing, but this time it saved the Bangladesh Central Bank and the New York Federal Reserve by preventing a nearly $1 Billion ( £700 Million ) heist. Last month, some unknown hackers broke into Bangladesh's central bank, obtained credentials needed for payment transfers and then transfer large sums to fraudulent accounts based in the Philippines and Sri Lanka . But… A single spelling mistake in an online bank transfer instruction prevented the full theft, according to Reuters . Here's what actually was happened: Nearly three dozen requests hit the Federal Reserve Bank of New York on 5 February using the Bangladesh Bank's SWIFT code, out of which four resulted in successful transfers, for a total value of about $81 million. However, when the hackers attempted to make their fifth transfer of $20 Million to a Sri Lankan non-governmental organization called the Shalika Foundation , they made a typo by attempting a transfer to the Shalika " ...

Valentine's Day   - a day of hearts, Chocolates, Flowers and Celebrations when people express their emotions to their loved ones and most of us send E-cards, purchase special gifts with the help of various Online Shop Sites and many other tantrums making them feel special. While you are busy in Googling ideal gifts for your loved ones, the Cyber thieves are also busy in taking advantage of such events by spreading various malware , phishing campaigns and fraud schemes as these days come out to be a goldmine for the cyber criminals. Online Shopping Scams are popular among Cyber criminals as it is the easiest way for hackers to steal money in easy and untraceable ways. Security Researchers at Anti virus firm - Trend Micro discovered various Valentine's Day threats which are common at such occasion i.e. A flower-delivery service and it appears to be a normal promotional e-mail, but the links actually lead to various survey scams. The Malware threats also arr...

There's a scam spreading through Twitter Direct messages (DMs) and fake emails, appealing users to visit a fake twitter phishing site i.e " twittler.com ". Scam uses a hijacked Twitter account to send out direct messages that appear completely legitimate. Security blogger, Janne Ahlberg blogged about this new phishing scam, " This is a nasty trick especially when the sender is someone you know and trust. If you receive a suspicious DM or email from a person you know and trust, just warn him/her – the account is most likely hijacked and controlled by the attackers. " The webpage resembles a Twitter login page and is trying to obtain your Twitter login credentials with a domain name looks very similar to original Twitter.com , with two extra word "LL" in it.   To play it safe, double-check your browser address bar to make sure that's where you are on orginal website  twitter.com before logging in. If you enter your Twitter usern...

The Pirate Bay co-founder  Gottfrid Svartholm Warg (Anakata)  charged with hacking the IBM mainframe of Logica, a Swedish IT firm that provided tax services to the Swedish government, and the IBM mainframe of the Swedish Nordea bank. Svartholm has been charged with several hacking related offenses including serious fraud , attempted aggravated fraud, and aiding attempted aggravated fraud. Three other defendants received similar charges. He was arrested in Cambodia in September 2012 and deported to Sweden where he was arrested for his alleged involvement in the Logica hack. 28-year-old computer specialist Svartholm and other founders of The Pirate Bay were found guilty by the Swedish government in 2009 for facilitating the illegal downloading of copyrighted materials. He has served a one-year prison sentence in Sweden since September 2012, and will likely remain in prison while facing these new charges. Swedish prosecutor Henrik Olin said in a statement, " ...