Akshaya Asokan reports: The FBI is warning that cybercriminals and fraudsters are increasingly targeting mobile banking apps with malware in order to steal credentials and conduct account takeover attacks. In a public alert published Wednesday, the FBI’s Internet Crime Complaint Center warns that fraudsters have increasingly used malicious apps as the COVID-19 pandemic has driven an increasing number of…
Category: Financial Sector
Bulgarian jailed for stealing bank account data
Phan Anh reports: A Bulgarian man was sentenced to seven months and 15 days in jail on Wednesday for stealing and storing bank account information in HCMC. Stamov Ruslan Todorvo, 37, entered Vietnam last October and stayed in Ho Chi Minh City’s District 7. He frequented several ATMs of different banks to install a device…
Bank of America reveals data breach in PPP application process
Caroline Hudson reports: Bank of America Corp. (NYSE: BAC) has revealed a possible data breach on business clients’ information for the Paycheck Protection Program. The breach occurred on April 22, as BofA uploaded PPP applications onto the U.S. Small Business Administration’s test platform, according to a filing with the California Attorney General’s Office. The limited-access…
Capital One Must Turn Over Mandiant’s Forensics Report
Jeremy Kirk reports: Capital One has been ordered by a federal judge to turn over the results of a digital forensics investigation into its 2019 data breach, which has been sought by plaintiffs in a class-action lawsuit. The report could provide further insight into what went wrong in one of the most significant breaches of…
MA: New York City Man Charged with Hacking, Credit Card Trafficking, and Money Laundering Conspiracies
A New York City man was charged Tuesday with conspiracies to engage in computer hacking, trafficking in stolen payment card numbers, and money laundering. Vitalii Antonenko, 28, was indicted on one count of conspiracy to gain unauthorized access to computer networks and to traffic in unauthorized access devices, and one count of money laundering conspiracy….
Another Alleged FIN7 Cybercrime Gang Member Arrested
Ishita Chigilli Palli reports: The FBI has arrested another alleged member of the FIN7 cybercrime gang, which has been stealing millions of payment cards and other financial data since at least September 2015, according to federal court documents. Ukrainian national Denys Iarmak was extradited from Thailand and arrested in Seattle on Friday, according to documents unsealed…