The operation was carried out against an organized group that used online trading platforms to swindle victims out of US$36 million. Europol and several national law enforcement agencies have teamed up to take down an investment fraud and money laundering ring that caused losses of approximately €30 million (US$36 million) to hundreds of victims, according … More European police bust major online investment fraud ring
FinTech, or financial technology, is a term that it is difficult to avoid these days, as the sector continues to gather momentum across the globe. A recent ESET survey found that over two-thirds of businesses globally expect their investment in FinTech to increase post-Covid-19, while a study from Research and Markets found that the global FinTech market … More How are businesses around the world using FinTech?
Easy to redeem and hard to trace, gift cards remain a hot commodity in the criminal underground. A cybercriminal has sold almost 900,000 gift cards and over 300,000 payment cards on a top-tier cybercrime forum on the dark web. The total value of the cards was claimed to be some US$38 million. The hacker probably gained … More $38 million worth of gift cards stolen and sold on dark web
On March 15, 1962, the US President John F. Kennedy called on Congress to enact legislation to protect consumer rights – he was the first world leader to formally address the issue. Since 1983 this date has been marked as World Consumer Rights Day. The consumer movement uses this day every year to mobilize action … More World Consumer Rights Day: Protecting consumers’ rights online
ESET researchers published today another installment in their ongoing series of Latin American banking trojans. Since 2018 they have investigated Vadokrist, a trojan that is specifically focused on Brazil. The malware utilizes backdoor functionality and is distributed via malicious spam emails targeting financial institutions. Unlike most other Latin American banking trojans, Vadokrist does not collect … More Vadokrist: A wolf in sheep’s clothing