In continued efforts tied to an investigation of $81 million stolen from Bangladesh’s central bank, the entity is sending officials to the Philippines to try to recover additional funds. The $81 million lost to thieves takes its place among the largest amounts pilfered through cybercrime,...
A South Korea-based web hosting firm has fallen victim to ransomware. That’s not unusual in today’s cybersecurity climate, but what is unusual is how much the company is paying to regain control of its systems: $1 million. Reports Tuesday (June 20) said Nayana was hit...
Fraudsters are finding ATMs to be among the newest lures for bilking victims out of money. As The Wall Street Journal reported, with one year under the belt of the move to EMV in the United States, the ATM has been under siege, as cyberthieves have...
Reuters has reported that a cybercrime maven has gone missing in Bangladesh just after talking to police and media outlets about a brazen $951 million would-be theft from the country’s central bank. The disappearance of Tanveer Hassan Zoha was reported by his wife, said the...
February 23, 2020
Police and financial institutions are battling to contain a wire transfer email hacking scam that is costing individuals and businesses billions, The Wall Street Journal (WSJ) reported on Sunday (Feb. 23). In one major example in 2018, Frank Krasovec, the chairman of Dash Brands, owner of Domino’s Pizza franchises in China, lost $450,000 when a fraudster […]
September 05, 2017
In continued efforts tied to an investigation of $81 million stolen from Bangladesh’s central bank, the entity is sending officials to the Philippines to try to recover additional funds. The...
October 17, 2016
Fraudsters are finding ATMs to be among the newest lures for bilking victims out of money. As The Wall Street Journal reported, with one year under the belt of the move...
March 21, 2016
Reuters has reported that a cybercrime maven has gone missing in Bangladesh just after talking to police and media outlets about a brazen $951 million would-be theft from the country’s...
