Ransomware-as-a-Service: The Growing Threat You Can't Ignore

Ransomware attacks have become a significant and pervasive threat in the ever-evolving realm of cybersecurity. Among the various iterations of ransomware, one trend that has gained prominence is Ransomware-as-a-Service RaaS. This alarming development has transformed the cybercrime landscape,...

Recent Mobile Payment Trends And How They Are Shaping The Future

By Owais Sultan Consumers, retailers, banks, and payment processors form a complicated network in todays payment processing environment. Recently, there has… This is a post from HackRead.com Read the original post: Recent Mobile Payment Trends And How They Are Shaping The Future...

Post Breach, Peatix Data Reportedly Found on Instagram, Telegram

Event-discovery application Peatix has disclosed a data breach, after ads for stolen user-account information were reportedly being circulated on Instagram and Telegram. In a data breach notice to affected users, Peatix said it learned on Nov. 9 that user account data had been improperly accessed...

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 woul...

Forever 21 Says PoS Systems Exposed Customer Data for 8 Months

Fashion retailer Forever 21 confirmed a breach made public in November resulted in the theft of credit card data belonging to an undisclosed number of customers. The company had stated that a lack of encryption used on some of its point-of-sales payment terminals could have resulted in unauthoriz...

SHA-1 End Times Have Arrived

For the past couple of years, browser makers have raced to migrate from SHA-1 to SHA-2 as researchers have intensified warnings about collision attacks moving from theoretical to practical. In just weeks, a transition deadline set by Google, Mozilla and Microsoft for the deprecation of SHA-1 is u...

Evolving Financial Services Security Requirements: Part 1

Through the end of the year, the New York State Department of Financial Services NYSDFS, or DFS for short, expects to proceed with a number of initiatives to help strengthen cybersecurity at its regulated companies. Among these changes will be integration of regular, targeted assessments of...

FBI, NYPD Form Financial Cybercrime Task Force

The FBI has formed a new cybercrime task force with the New York Police Department and the Metropolitan Transit Authority whose job will be to go after high-level financial cyber crimes, employing a model of interagency cooperation that the bureau and other federal law enforcement agencies have...

Feds Bust Ukrainian Cybercrime Ring

Federal officials charged eight members of a Ukrainian cybercrime ring this week after they allegedly tried to illegally access the networks of a number of financial institutions including Citibank, JP Morgan Chase, TD Ameritrade and PayPal, along with the U.S. Department of Defense’s Finance and...

Twitter Locks Out Wikileaks DDoS Group As Attacks Spread

Twitter has suspended the account used by Anonymous, an umbrella group of online hacker-activists that have claimed responsibility for denial of service DoS attacks on Visa, MasterCard, Paypal and a host of other public and private entities who have taken action against Wikileaks and its founder,...

PdShop Pro Online Store System SQL Injection

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Financial Industry Group Plans Cyber Attack Simulation

A financial services industry group is planning to simulate a series of cyber attacks to test how well banks, payment processors and retailers deal with online threats. Participants will be expected to activate their incident response procedures in accordance with the scenario presented and to...