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The Cost of Cybercrime

Schneier on Security

Really interesting paper calculating the worldwide cost of cybercrime: Abstract: In 2012 we presented the first systematic study of the costs of cybercrime. Several new cybercrimes are significant enough to mention, including business email compromise and crimes involving cryptocurrencies. and more on response.

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Road Tolls Scams Rise on FBI's Radar; Public Warned Against Smishing

SecureWorld News

In recent months, a sophisticated scam has emerged, targeting drivers across the United States with fraudulent text messages about unpaid road tolls. Smishing scams like these follow a predictable yet highly effective, nefarious behavioral blueprintleveraging urgency, impersonation, and fear to manipulate victims into compliance.

Scams 79
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The Silent Breach: How E-Waste Fuels Cybercrime

SecureWorld News

In today's digital world, cybercrime is a threat to our private data and security. And with Americans owning an average of 24 electronic items in their homes , neglecting to dispose of these items correctly is putting individuals at significant risk of cybercrime. What is cybercrime?

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Thai police arrested Chinese hackers involved in SMS blaster attacks

Security Affairs

Thai authorities arrested members of two Chinese cybercrime organizations, one of these groups carried out SMS blaster attacks. “This “SMS blasting” attack relies on using technology that impersonates cellular base stations and is capable of transmitting thousands of messages to devices within a close geographical radius.”

Mobile 123
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An Interview With the Target & Home Depot Hacker

Krebs on Security

That investigation detailed how the 38-year-old Shefel adopted the nickname Rescator while working as vice president of payments at ChronoPay , a Russian financial company that paid spammers to advertise fake antivirus scams, male enhancement drugs and knockoff pharmaceuticals. “I’m also godfather of his second son.”

Retail 254
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How Phished Data Turns into Apple & Google Wallets

Krebs on Security

But a flurry of innovation from cybercrime groups in China is breathing new life into the carding industry, by turning phished card data into mobile wallets that can be used online and at main street stores. Happily, the broad deployment of more secure chip-based payment cards in the United States has weakened the carding market.

Phishing 281
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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.