Mobile Phishers Target Brokerage Accounts in ‘Ramp and Dump’ Cashout Scheme

Cybercriminal groups peddling sophisticated phishing kits that convert stolen card data into mobile wallets have recently shifted their focus to targeting customers of brokerage services, new research shows. Undeterred by security controls at these trading platforms that block users from wiring...

No, Toothbrushes Were Not Used in a Massive DDoS Attack

The widely reported story last week that 1.5 million smart toothbrushes were hacked and used in a DDoS attack is false. Near as I can tell, a German reporter talking to someone at Fortinet got it wrong, and then everyone else ran with it without reading the German text. It was a hypothetical, whi...

Former Ubiquiti Employee Gets 6 Years in Jail for $2 Million Crypto Extortion Case

A former employee of Ubiquiti has been sentenced to six years in jail after he pleaded guilty to posing as an anonymous hacker and a whistleblower in an attempt to extort almost $2 million worth of cryptocurrency while working at the company. Nickolas Sharp, 37, was arrested in December 2021 for...

Monetising hacking by shorting commodity shipments

I’m continually asked by the maritime industry about the motivations of hackers. “Why would anyone hack us, we operate ships?” It strikes me that many of the public and a lot of maritime businesses still think of the ‘hacker’ as a solo operator in a dark hoodie in a basement of their parents’...

Not Punny: Angling Direct Breach Cripples Retailer for Days

The U.K.’s largest fishing retailer, Angling Direct, experienced a system breach on Nov. 5 that resulted in their domain being redirected to Pornhub. The jokes almost wrote themselves, but days later the site is still down and the extent of the damage to the company’s bottom line is remains uncle...

Russian Hacker Gets 12-Years Prison for Massive JP Morgan Chase Hack

A U.S. court on Thursday sentenced a 37-year-old Russian to 12 years in prison for perpetrating an international hacking campaign that resulted in the heist of a trove of personal information from several financial institutions, brokerage firms, financial news publishers, and other American...

Privacy Experts: Facebook's $5B Fine Unlikely to Do Much

The $5 billion fine that the Federal Trade Commission has slapped on Facebook for privacy violations may be the largest ever levied by the agency, but it’s being derided as “chump change” and ineffective by lawmakers and privacy analysts. The settlement, reported Friday evening, stems from...

Hyperbole Swirls Around AMD Processor Security Threat

Maybe it was the exaggerated threats against AMD’s business or the semi-unprofessional way the threats were brought to light but no matter — security start-up CTS-Labs claims of security holes in the chipmaker’s Ryzen and Epic processor lines are now being lambasted across the security community...