Zeus OTP Malware Trail Leads to Russian Cyberwarfare
The ‘JabberZeus’ cybercrime group were behind a wave of frauds that relied upon intercepting one time passwords sent by SMS.
The ‘JabberZeus’ cybercrime group were behind a wave of frauds that relied upon intercepting one time passwords sent by SMS.
You can fire Americans, hire replacements somewhere cheaper, and disguise where they are, but eventually somebody pays a price.
Regulators want businesses to be able to share data so they can prevent fraud when personal data has been compromised.
A serial criminal is taking phones from gym lockers and using them to remove thousands of pounds from bank accounts.
Usoro Usoro, CEO of MoMo Payment Service Bank, submitted a court affidavit about 700,000 improper transfers to 18 different banks.
Crooks are selling software that automates social engineering. Bots call targets and ask for one-time passwords that are used to take control of bank, cryptocurrency and PayPal accounts.
The company’s banker was fooled by an AI simulation of the director’s voice plus emailed instructions to transfer money.
Public ledgers mean criminals can take cryptocurrency without revealing who they are, but everyone can still see where it went.
In the 1970’s bankers worked out how to use secure messaging to prevent any discrepancies when making international transfers. The same method would work for international calls.
When a telco that is also a bank appoints a CRO for its banking activities this begs a question about why it does not have a CRO for the rest of its business.