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Hackers hit Russian bank customers, planned international cyber raids

more information on sonyhack from leading cyber security expertsSource: National Cyber Security – Produced By Gregory Evans Russian cyber criminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge of the case told Reuters. Their campaign raised a relatively small sum by cyber-crime standards […] View full post on AmIHackerProof.com | Can You Be Hacked?

Starbucks App Users Are Getting Hundreds Stolen From Their Bank Accounts

Source: National Cyber Security – Produced By Gregory Evans

Starbucks App Users Are Getting Hundreds Stolen From Their Bank Accounts

For serious Starbucks go-ers, their mobile app makes paying for your Grande iced coffee easy as can be — but users who chose to link their Starbucks account to their banks are finding themselves victims of a major scam. A reporter at Buzzfeed explained that last week she received an email saying that she had reloaded $100 onto her Starbuck …

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Hackers plunder bank accounts via SS7 TFA flaw – risk known ‘for years’

Source: National Cyber Security – Produced By Gregory Evans

Hackers plunder bank accounts via SS7 TFA flaw – risk known ‘for years’

According to reports by German Newspaper Suddeutsche Zeitung, the telco said that some of its customers had money taken out of the bank accounts using a two-part attack that exploits vulnerabilities in the Signalling System 7 protocol. This is a protocol that allows telecoms companies to send text messages from one network to another. It also allows users to make …

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Hackers Use Flaws in Telephony Core Protocol to Bypass 2FA on Bank Accounts

Source: National Cyber Security – Produced By Gregory Evans

Hackers Use Flaws in Telephony Core Protocol to Bypass 2FA on Bank Accounts

Hackers have exploited decades-old flaws in the SS7 mobile telephony protocol to hijack phone numbers and SMS messages, in order to bypass two-factor authentication (2FA) and steal money from bank accounts. The attacks were reported on Wednesday by German newspaper Süddeutsche Zeitung, who detailed a first case where cybercriminals exploited known SS7 vulnerabilities for their own profit. Security researchers have …

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Sydney bank accounts hacked in $1.5 million ‘tap and pay’ fraud

Source: National Cyber Security – Produced By Gregory Evans

Sydney bank accounts hacked in $1.5 million ‘tap and pay’ fraud

Three men have been charged over an elaborate “tap and pay” scam that saw $1.5 million stolen from at least 45 hacked bank accounts across Sydney.

NSW Fraud and Cybercrime police allege a sophisticated syndicate ported mobile phones, illegally accessed bank accounts through mobile apps, and used HCE technology, which provides an exact virtual representation of a banking card, to purchase $1.5 million in electronic and luxury items, which they then on-sold.

Early morning raids across multiple suburbs yesterday saw two men, aged 22 and 24, arrested, and fraudulent documents, illegal drugs and three firearms seized.

Another 42-year-old man was arrested last night at Sutherland police station.

Officers executed warrants at homes in Rockdale, West Ryde, Greystanes, Bankstown, and Ultimo, as well as an Auburn office and a storage facility in Camperdown.

The 24-year old man, from Greystanes, was charged with 268 offences including fraud, money laundering, dealing with identity information, unauthorised access of information and participating in a criminal group.

The 22-year-old man, from West Ryde, was charged with 21 fraud-related offences and participating in a criminal group.

The 42-year-old man was charged with fraud, dealing with identification information and possessing an unregistered firearm.

The trio have been refused bail and will appear in court today.

Police said the arrests serve as a reminder to members of the community to be increasingly vigilant in protecting their personal and financial information.

“For every advancement in technology, there is a criminal looking for a way to exploit it for their own advantage,” Fraud and Cybercrime Squad Commander Detective Superintendent Arthur Katsogiannis said.

“Personal information from documents such as bank statements, and phone or utility bills, can be used to access bank accounts, port mobile phones, or take over an identity completely.”

He said while police were doing everything they could to combat cyber criminals, they urged the community to be aware of scammers and to do everything possible to prevent their information from being stolen.

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$150,000 in Stolen Indian Bank Money Used to Invest in Bitcoin

Source: National Cyber Security – Produced By Gregory Evans

$150,000 in Stolen Indian Bank Money Used to Invest in Bitcoin

The Bank of Maharashtra (BoM) lost Rs 6.14 crore rupees (approx $950,000) to four hacks in 49 days a bug – the result of a bug in the bank’s UPI …

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Bank managers must regularly test their cybersecurity defences

Source: National Cyber Security – Produced By Gregory Evans

Bank managers must regularly test their cybersecurity defences

Fast-moving, dynamic threats are creating new challenges every day. That means institutions must put the right people and the right resources in place to tackle potential security breaches Dear bank …

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Former bank officer pleads in identity theft case

Source: National Cyber Security – Produced By Gregory Evans

A former local area bank officer has admitted using stolen information from customers to take out personal loans. Federal authorities say 44-year-old Keith Ray Smith of Summersville pleaded guilty Monday to making false statements on a loan application and aggravated identity theft. The crimes occurred when Smith was a bank loan officer and compliance officer … Continue reading Former bank officer pleads in identity theft case

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Romance Scams: Online Imposters Break Hearts & Bank Accounts

They met online. He said he was a friend of a friend. The woman, in her 50s and struggling in her marriage, was happy to find someone to chat with. “He was saying all the right things,” she remembered. “He was interested in me. He was interested in getting to know me better. He was very positive, and I felt like there was a real connection there.” That connection would end up costing the woman $2 million and an untold amount of heartache after the man she fell in love with—whom she never met in person—took her for every cent she had. Read More….

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