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Watch out, WAPDropper malware could subscribe you to premium services

Researchers spotted a new mobile malware dubbed WAPDropper that subscribes users to legitimate premium-rate services. Security researchers from Check Point have spotted a new malware family dubbed WAPDropper that targets mobile phone users to subscribe them to legitimate premium-rate services. Check Point experts observed the WAPDropper subscribing una
Publish At:2020-11-25 11:12 | Read:54 | Comments:0 | Tags:Breaking News Malware Mobile fraud Hacking hacking news info

Former Microsoft worker sentenced to nine years in prison for stealing $10+ million

A former Microsoft worker was sentenced to nine years in prison for a scheme to steal $10 million in digital currency. Volodymyr Kvashuk (26), a former Microsoft software engineer, was sentenced this week to nine years in prison for a scheme to steal $10 million in digital currency. Kvashuk is a Ukrainian citizen living in Renton, Washngton, was resp
Publish At:2020-11-11 18:20 | Read:193 | Comments:0 | Tags:Breaking News Cyber Crime Cybercrime fraud Hacking hacking n

Phone scamming – friends don’t let friends get vished!

byPaul DucklinAs regular readers will know, we write up real-world scams fairly frequently on Naked Security.Despite ever more aggressive spam filtering, including blocking some senders outright without even seeing what they’ve got to say, many of us receive a daily crop of outright dishonest and manipulative messages anyway.This sort of spam, better
Publish At:2020-10-26 22:06 | Read:213 | Comments:0 | Tags:Data loss Phishing Spam Cybersecurity Awareness Month fraud

Account Fraud is Killing Streaming Services: What Providers Can Do

The use of online streaming services was already burgeoning well before most of the world started spending so much time at home. The current explosion in the demand for video and music streaming services is cause for celebration in the industry, but it has a dark side. Account fraud, sharing and takeover, enabled by password sharing and identity theft, is e
Publish At:2020-10-21 08:34 | Read:235 | Comments:0 | Tags:Data Protection Fraud Protection Identity & Access Fraud Fra

A week in security (September 28 – October 4)

Last week on Malwarebytes Labs, we dug into what happens when card fraud comes calling, we gave a rundown on some novel ransomware attacks that took advantage of smart coffee makers, and we introduced VideoBytes, our new, monthly series in which we’ll provide video coverage of some of the cybersecurity world’s top stories. In our first week, we g
Publish At:2020-10-05 13:23 | Read:432 | Comments:0 | Tags:A week in security a week in security awis fake fraud malwar

Caught in the payment fraud net: when, not if?

Sometimes, I think there are three certainties in life: death, taxes, and some form of payment fraud. Security reporter Danny Palmer experienced this a little while ago, and has spent a significant amount of time tracking the journey of his card details from the UK to Suriname. His deep-dive confirmed that it is easy to become tangled up in fraud, even if yo
Publish At:2020-09-30 12:27 | Read:334 | Comments:0 | Tags:Cybercrime Privacy atm credit card debit card fraud malware

SMS phishing scam pretends to be Apple “chatbot” – don’t fall for it!

byPaul DucklinAren’t SMSes dead? Aren’t they just plain old text anyway? Surely they’re of no interest to cybercriminals any more?Well, SMSes aren’t dead at all – they’re still widely used because of their simplicity and convenience.Indeed, as a general-purpose short message service – which is literally what the lett
Publish At:2020-09-30 10:45 | Read:341 | Comments:0 | Tags:Apple Phishing fraud phishing Scam smishing SMS

Sports team nearly paid a $1.25m transfer fee… to cybercrooks

byPaul DucklinIf you were about to spend more than a million dollars, how careful would you be about where you sent the money?More importantly, how would you check with the recipient of the money – and how would they check with you – that both ends of the transaction were lined up correctly, with no treachery in between?It’s quite likely yo
Publish At:2020-07-23 14:46 | Read:463 | Comments:0 | Tags:BEC Cybercrime fraud Hushpuppi NCSC

Los Angeles Man Arrested, Charged with PPP Loan Fraud

U.S. law enforcement arrested and charged a man with fraudulently obtaining loans via the Paycheck Protection Program (PPP).On July 16, Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division and U.S. Attorney Nicola T. Hanna of the Central District of California announced the arrest of Andrew Marnell, 40, of Los Ange
Publish At:2020-07-17 14:53 | Read:553 | Comments:0 | Tags:Government IT Security and Data Protection arrest Fraud PPP

Man Gets Prison Time for Identity Theft Scheme Targeting Veterans

A man received prison time for helping to conduct an identity theft and fraud scheme that targeted thousands of veterans and U.S. service members.On July 9, the Office of Public Affairs at the U.S. Department of Justice announced that Chief U.S. District Judge Orlando Garcia had sentenced 32-year-old Trorice Crawford of San Diego, California to 46 months in
Publish At:2020-07-14 08:45 | Read:394 | Comments:0 | Tags:IT Security and Data Protection Latest Security News Fraud i

Anatomy of a survey scam – how innocent questions can rip you off

byPaul DucklinWe’ve been receiving loads of survey scam emails lately – and you probably get heaps of these, too.So we thought we’d take you through a recent scam from go to woe, with screenshots to document the path that the crooks lured us along.Sometimes, a picture is worth 1000 words (or 1024 words, if you are accustomed to binary numbe
Publish At:2020-06-22 13:39 | Read:730 | Comments:0 | Tags:Uncategorized fraud phising Scam Survey

Experian, Equifax, TransUnion team up to offer weekly free credit report

The Covid-19 crisis has sparkled a rise in identity theft crimes and has drastically increased the demand for credit monitoring. Hackers have been actively exploiting the confusion around the stimulus checks, the enormous amount of unemployed people across the USA applying for benefits, and the fact that millions of people were forced to start working from h
Publish At:2020-06-22 07:23 | Read:668 | Comments:0 | Tags:Mobile News Security credit fraud hacking

Crypto founder admits $25 million ICO backed by celebrities was a scam

byLisa VaasThe Miami-based cryptocurrency firm Centra Tech was built on fairy dust and paid celebrity hoo-ha, but co-founder Robert Joseph Farkas is going to be doing real time in a real prison for the $25 million initial coin offering (ICO) rip-off.An ICO is an unregulated fundraising technique with a dodgy reputation that’s used by blockchain compani
Publish At:2020-06-18 09:16 | Read:527 | Comments:0 | Tags:Cryptocurrency Law & order Centra crypto founder digital cur

A week in security (May 25 – 31)

Last week on Malwarebytes Labs, we published our most recent episode of our podcast Lock and Code, providing an in-depth discussion on web browser privacy, looked at the membership bump for the Coalition against Stalkerware, and dug into EDR solutions. We also looked at twists added to the threat scene by Maze Ransomware. Other cybersecurity news Breac
Publish At:2020-06-01 13:35 | Read:712 | Comments:0 | Tags:A week in security awis cybrsecurity fake fake news fraud ma

RevenueWire to pay $6.7 million to settle FTC charges

What can you do as a scammer when no legitimate payment provider wants to process your payments anymore? Or, what if you are growing sick and tired of these same payment providers reimbursing disgruntled customers who claim that your products didn’t fix computers, like—you know—you said they would? Simple. You rely on some novel help. That is, unti
Publish At:2020-05-18 13:42 | Read:611 | Comments:0 | Tags:Tech support scams browlock fake online scanners fraud FTC p