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BEC Scams Cost $1.2 Billion in 2018
BEC scams continue to rise and accounted for $1.2 billion in losses in 2018. The good news is that the FBI was able to work with banks to recover some of the funds.
Marketplace Sells Digital Fingerprints for Credit Card Fraud
Criminals can buy digital fingerprints such as user behavior, cookies, and device information on the Genesis marketplace to fool banks' anti-fraud systems and conduct credit card fraud.
Magecart Targets Advertising Supply Chain in New Attack
Magecart Group 12 was able to compromise a French online advertising provider to spread a skimmer to hundreds of victim sites.
U.S. Says Russia, Other Nations, Are Uncooperative on Cybercrime Investigations
A deputy U.S. attorney general said that Russia and other nations stonewall cybercrime investigations and called for international cooperation.
The Mafia Doesn’t Control Cybercrime
Just because cybercriminals are organized doesn’t mean they are part of organized crime such as the Mafia, an Oxford University researcher said at Black Hat.