10 of the most prolific mobile banking trojans have set their eyes on 639 financial applications that are available on the Google Play Store and have been cumulatively downloaded over 1.01 billion times. Some of the most targeted apps include Walmart-backed PhonePe, Binance, Cash App, Garanti BBVA Mobile, La Banque Postale, Ma Banque, Caf - Mon Compte, Postepay, and BBVA … [Read more...] about 10 Most Prolific Banking Trojans Targeting Hundreds of Financial Apps with Over a Billion Users
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Hackers Abuse Mitel Devices to Amplify DDoS Attacks by 4 Billion Times
Threat actors have been observed abusing a high-impact reflection/amplification method to stage sustained distributed denial-of-service (DDoS) attacks for up to 14 hours with a record-breaking amplification ratio of 4,294,967,296 to 1. The attack vector – dubbed TP240PhoneHome (CVE-2022-26143) – has been weaponized to launch significant DDoS attacks targeting broadband access … [Read more...] about Hackers Abuse Mitel Devices to Amplify DDoS Attacks by 4 Billion Times
U.S. Arrests Two and Seizes $3.6 Billion Cryptocurrency Stolen in 2016 Bitfinex Hack
The U.S. Justice Department (DoJ) on Tuesday announced the arrest of a married couple in connection with conspiring to launder cryptocurrency worth $4.5 billion that was siphoned during the hack of the virtual currency exchange Bitfinex in 2016. Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, both of New York, are alleged to have "stolen funds through a labyrinth of … [Read more...] about U.S. Arrests Two and Seizes $3.6 Billion Cryptocurrency Stolen in 2016 Bitfinex Hack
Microsoft, Google to Invest $30 Billion in Cybersecurity Over Next 5 Years
Google and Microsoft said they are pledging to invest a total of $30 billion in cybersecurity advancements over the next five years, as the U.S. government partners with private sector companies to address threats facing the country in the wake of a string of sophisticated malicious cyber activity targeting critical infrastructure, laying bare the risks to data, organizations, … [Read more...] about Microsoft, Google to Invest $30 Billion in Cybersecurity Over Next 5 Years
Over A Billion Malicious Ad Impressions Exploit WebKit Flaw to Target Apple Users
The infamous eGobbler hacking group that surfaced online earlier this year with massive malvertising campaigns has now been caught running a new campaign exploiting two browser vulnerabilities to show intrusive pop-up ads and forcefully redirect users to malicious websites.To be noted, hackers haven't found any way to run ads for free; instead, the modus operandi of eGobbler … [Read more...] about Over A Billion Malicious Ad Impressions Exploit WebKit Flaw to Target Apple Users
How to Save a Billion Dollars
In my last blog, I examined the state of cybercrime, fraud, and the losses associated with it. It was also in that blog that I brought up a particular threat that has caused more than $1 billion dollars in losses last year and shows no signs of slowing down. So, what is this increasingly expensive and evolving threat? Ransomware? Insider Threats? Nation-State … [Read more...] about How to Save a Billion Dollars
Critical Flaws Found in VxWorks RTOS That Powers Over 2 Billion Devices
Security researchers have discovered almost a dozen zero-day vulnerabilities in VxWorks, one of the most widely used real-time operating systems (RTOS) for embedded devices that powers over 2 billion devices across aerospace, defense, industrial, medical, automotive, consumer electronics, networking, and other critical industries.According to a new report Armis researchers … [Read more...] about Critical Flaws Found in VxWorks RTOS That Powers Over 2 Billion Devices
Facebook to Pay $5 Billion Fine to Settle FTC Privacy Investigation
After months of negotiations, the United States Federal Trade Commission (FTC) has approved a record $5 billion settlement with Facebook over its privacy investigation into the Cambridge Analytica scandal.The settlement will put an end to a wide-ranging probe that began more than a year ago and centers around the violation of a 2011 agreement Facebook made with the FTC that … [Read more...] about Facebook to Pay $5 Billion Fine to Settle FTC Privacy Investigation
Facebook Could Be Fined Up To $5 Billion Over Privacy Violations
Facebook expects to face a massive fine of up to $5 billion from the Federal Trade Commission (FTC) as the result of an investigation into its privacy policies—that's about one month's revenue for the social media giant.To be clear the amount of fine is not what the FTC has announced or hinted yet; instead, it's an estimated due that Facebook disclosed on Wednesday in its first … [Read more...] about Facebook Could Be Fined Up To $5 Billion Over Privacy Violations