A new report by the FBI’s Internet Crime Complaint Center has shown that complaints about scams and fraud are rising now at a record high and have resulted in reported losses of up to $1.42 billion In a typical BEC scam, a criminal dupes a company’s finance department into carrying out an unauthorized transfer of… Read More

Most antivirus scanners play a classic cat and mouse game: They work by checking software against a frequently updated list of potential threats. In response, a whole industry has built up to help occlude and conceal hacking tools. That includes services that automate the process of checking all sorts of tools, from malware to malicious… Read More

Botnets are shadowy networks of computers controlled by hidden actors and linked to everything thatâs bad on the web. They have been implicated in distributed denial-of-service attacks, spamming campaigns, click fraud, and bank fraud, to name just a few of the nastiest flavors of cybercrime. Clearly somebody, somewhere is making a fortune masterminding this kind… Read More

Nigerian business email compromise scams are growing more dangerous and sophisticated as cybercriminals add new tools and techniques to their arsenal such as remote access trojans (RATs) and advanced information stealers, researchers found. Palo Alto Networks’ Unit 42 said in a report released Tuesday about Nigerian cybercrime that they found Nigerian business email compromise (BEC)… Read More

T-Mobile admitted its deceptive scheme to the commission and received a $40 million fine. Given that the trick affected “hundreds of millions” of people in rural areas and perhaps billions of calls, the fine represents just a few cents per call.Even worse: Consumers will not see a cent for this deception that. According to Ars… Read More