Cyberthreats facing UK finance sector "a national security threat"

As the reports covering all of 2022 start trickling in, we can see that cybercrime and other types of fraud had a major impact last year. Take for example the 2022 half year fraud update by UK Finance, which tells us that criminals stole a total of £609.8 million roughly $750 million through...

U.S. Chip Cards Are Being Compromised in the Millions

Chip-and-PIN technology has become the de-facto standard for in-person credit- and debit-card transactions in the U.S. – but a lack of merchant compliance means that cards are still being compromised in the millions. Chip cards, which contain an embedded microprocessor that encrypts the card data...

Detecting Credit Card Skimmers

Interesting research paper: "Fear the Reaper: Characterization and Fast Detection of Card Skimmers": Abstract: Payment card fraud results in billions of dollars in losses annually. Adversaries increasingly acquire card data using skimmers, which are attached to legitimate payment devices includin...

Latin American ‘Biñeros’ Bond Over Fraudulent Purchase Scheme

A type of card-not-present fraud is spreading throughout the Latin American underground, uniting groups of malefactors in a communal effort to perpetrate it as widely and as often as possible. Cybercriminals in the region are making use of problems in the validation process for bank identificatio...

Operations of a Brazilian Payment Card Fraud Group

Introduction Brazil has been designated a major hub for financially motivated eCrime threat activity. Brazilian threat actors are targeting domestic and foreign entities and individuals, with frequent targeting of U.S. assets. The country routinely places in "Top Five" lists of various global cyb...

Operations of a Brazilian Payment Card Fraud Group

Introduction Brazil has been designated a major hub for financially motivated eCrime threat activity. Brazilian threat actors are targeting domestic and foreign entities and individuals, with frequent targeting of U.S. assets. The country routinely places in "Top Five" lists of various global cyb...

Operations of a Brazilian Payment Card Fraud Group

Introduction Brazil has been designated a major hub for financially motivated eCrime threat activity. Brazilian threat actors are targeting domestic and foreign entities and individuals, with frequent targeting of U.S. assets. The country routinely places in "Top Five" lists of various global cyb...

Kimpton Hotels Investigating Payment Card Fraud

Kimpton Hotels & Restaurants, a nationwide chain of 62 boutique hotels, is investigating a string of unauthorized charges on payment cards used at a number of its locations. It’s unknown how many cards are involved, nor at which locations. A Kimpton representative told Threatpost that an...