Remove Authentication Remove Banking Remove Web Fraud
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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. “Members don’t have to request to use Zelle.

Scams 362
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How Phished Data Turns into Apple & Google Wallets

Krebs on Security

“This is much bigger than the banks are prepared to say.” Thus, the authentication requirement for doing so defaulted to sending the customer a one-time code via SMS. They could also recommend that financial institutions use more secure authentication methods for mobile wallet provisioning.

Phishing 281
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The Rise of One-Time Password Interception Bots

Krebs on Security

In February, KrebsOnSecurity wrote about a novel cybercrime service that helped attackers intercept the one-time passwords (OTPs) that many websites require as a second authentication factor in addition to passwords. OTP Agency took itself offline within hours of that story. .

Passwords 345
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Disneyland Malware Team: It’s a Puny World After All

Krebs on Security

A financial cybercrime group calling itself the Disneyland Team has been making liberal use of visually confusing phishing domains that spoof popular bank brands using Punycode , an Internet standard that allows web browsers to render domain names with non-Latin alphabets like Cyrillic. Bank customers. Bank customers.

Malware 329
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FBI: Spike in Hacked Police Emails, Fake Subpoenas

Krebs on Security

” In a hypothetical example, a scammer uses a hacked government email account to request that a service provider place a hold on a specific bank or crypto account that is allegedly subject to a garnishment order, or party to crime that is globally sanctioned, such as terrorist financing or child exploitation.

Hacking 278
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Would You Have Fallen for This Phone Scam?

Krebs on Security

But you probably didn’t know that these fraudsters also can use caller ID spoofing to trick your bank into giving up information about recent transactions on your account — data that can then be abused to make their phone scams more believable and expose you to additional forms of identity theft.

Scams 363
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NCR Barred Mint, QuickBooks from Banking Platform During Account Takeover Storm

Krebs on Security

Banking industry giant NCR Corp. [ NYSE: NCR ] late last month took the unusual step of temporarily blocking third-party financial data aggregators Mint and QuicBooks Online from accessing Digital Insight , an online banking platform used by hundreds of financial institutions. Part of a communication NCR sent Oct.

Banking 142