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#cybersecurity | #hackerspace | Coronavirus and cybersecurity crime – Security Boulevard

Source: National Cyber Security – Produced By Gregory Evans

Consumers and businesses alike have been scrambling to take steps to protect themselves from the coronavirus, from flocking to stores to buy out supplies of hand sanitizer, to encouraging workers to avoid large gatherings and work remotely. While we hope our customers are taking the necessary steps to stay healthy (check out best practices from the World Health Organisation here), in addition to health risks, there are increased cybersecurity risks, too. The European Central Bank recently issued a warning to banks about the heightened potential for cybercrime and fraud, as many users are opting to stay at home and use remote banking services during the coronavirus outbreak. At a time of uncertainty and vulnerability for many, hackers and fraudsters are taking advantage of fear surrounding the virus as it continues to spread across the globe. We pulled together the following tips to help you improve your cybersecurity hygiene during this time:

1) According to recent PCI Pal research, almost half (47%) of Americans use the same password across multiple sites and apps. We all know this is a big cybersecurity no-no, but it’s especially important during times of heightened risk that we ensure our passwords are unique and secure. Consider updating your passwords and using a password manager tool to improve account security.
2) In addition to varying passwords, consider adopting two-factor authentication for accounts – most services offer some sort of two-factor authentication, yet 23% of Americans report they have never used these tools to protect passwords or payments! Take advantage of these tools – especially if you’re going to be engaging with more digital services while you stay home to wait out coronavirus.
3) In addition to online fraud, there’s also an increased risk for phone fraud – whether you’re engaging with a customer service agent from your bank over the phone or simply ordering takeout. When speaking with a customer service representative, make sure you double check their credentials and only use the phone number provided by the company’s website.
4) For businesses looking to protect customer data during this time, consider PCI compliance, the strongest standard for payment security. PCI compliance standards can help protect your customers from data breaches and hacks – even when they ignore the above steps to protect themselves!
5) Phishing scams relating to Coronavirus will be prevalent, including emails pretending to offer advice from governments and the World Health Organisation. Scammers will use such techniques to infect your laptop/PC and gain access into your systems. Every care should be taken before opening such communications.

Contact us today to learn how PCI Pal’s solutions can help ensure your customers’ sensitive payment information is safe from opportunistic fraudsters.

The post Coronavirus and cybersecurity crime appeared first on PCI Pal.

*** This is a Security Bloggers Network syndicated blog from Knowledge Centre – PCI Pal authored by Stacey Richards. Read the original post at: https://www.pcipal.com/en/knowledge-centre/news/coronavirus-and-cybersecurity-crime/

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The post #cybersecurity | #hackerspace |<p> Coronavirus and cybersecurity crime – Security Boulevard <p> appeared first on National Cyber Security.

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#deepweb | Crypto is fueling organized crime in Latin America, claims new report

Source: National Cyber Security – Produced By Gregory Evans

In brief

  • Threat intelligence firm Intsights says criminals are turning to cryptocurrencies in greater numbers in Latin America.
  • Mixing services, P2P and unregulated crypto exchanges are the tools of choice to covertly wash and launder illicit funds.

Organized crime and drug cartels in Latin America are increasingly turning to cryptocurrencies to launder money and orchestrate scams, according to the latest collaborative report by threat intelligence firm Intsights and blockchain forensics firm CipherTrace. 

The report, “The Darkside of Latin America,” demonstrates how threat finance in Latin America has evolved with the rise of cryptocurrencies and peer-to-peer and unregulated exchanges. Researchers for Intsights say they arrived at their findings from access to “closed-access databases” and “hundreds of underground sources (deep web and dark web),” among other tactics.

The report claims that the region’s countries “top the list of the world’s worst money laundering nations,” and organized crime and cybercriminals are turning to cryptocurrencies to move money and to hire hackers. The report also highlights the fact that extreme political corruption in the region helps criminals operate without much resistance. 

One way criminals are specifically using cryptocurrency is through “mixing services” to obfuscate “potentially identifiable or ‘tainted’ cryptocurrency funds with others,” according to Intsights. Once “washed” through mixing services, criminals continue to trade their crypto on other exchanges to profit.

Further, criminals are laundering money through the many unregulated exchanges through Latin America, which lack the know-your-customer (KYC) and anti-money laundering (AML) policies that are commonplace in more developed countries. Criminals use these exchanges to trade Bitcoin for altcoins to further obfuscate and profit from their illicit funds. According to the researchers, they estimate that 97% percent of washed cryptocurrency ends up in places like Latin America that have “extremely lax KYC/AML regulations.” 

To compound this, criminals also turn to peer-to-peer exchanges (P2P), which remain the preferred way for criminals to exchange crypto to fiat money. The report cites P2P exchanges such as LocalBitcoins, which has relatively high trading volume in Latin America, as favorites for criminals to launder money because they ”typically lack AML programs and perform little or no KYC due diligence.” 

In recent months, P2P exchanges like Paxful and Local Bitcoins have stepped up their regulations to combat this reputation. 

The report cites the case of the now notorious Panamanian payment processing firm Crypto Capital as a prominent example of how criminals use crypto. The alleged operators of the “shadow bank” are charged with aiding drug cartels with money laundering operations between Latin America and Europe, among other misdeeds.

It’s a problem that’s unlikely to be resolved any time soon, according to the researchers, given Latin America’s lack of established anti-money laundering laws and poor enforcement of the laws that are in place.

Nevertheless, the report recommends firms that want to combat cybercrime in the region to “collect, monitor, and analyze cyber crime intelligence,” learn and “follow best security practices.”

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The post #deepweb | <p> Crypto is fueling organized crime in Latin America, claims new report <p> appeared first on National Cyber Security.

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#cyberfraud | #cybercriminals | Singapore’s crime rate highest in 9 years; online scams up by 54% – The Independent News

Source: National Cyber Security – Produced By Gregory Evans SINGAPORE — The crime rate in Singapore in 2019 is at its highest since 2010. While other types of crimes decreased, online scams increased by 54.2 percent from 2018. The Singapore Police Force (SPF) released the Annual Crime Brief 2019 on Wednesday (Feb 5). Overall, the country’s crime […] View full post on AmIHackerProof.com

#nationalcybersecuritymonth | Interpol uncovers cyber crime operation in Indonesia

Source: National Cyber Security – Produced By Gregory Evans

An Interpol-coordinated cyber operation against a strain of malware targeting e-commerce websites has identified hundreds of compromised websites and led to the arrest of three individuals who were allegedly running the malicious campaign from Indonesia.

The malware, known as a JavaScript-sniffer, the online equivalent of a traditional card skimmer, targets online shopping websites. When a website is infected, the malware steals the customers’ payment card details and personal data such as names, addresses and phone numbers, sending the information to command and control (C2) servers controlled by the cyber criminals.

Dubbed Operation Night Fury, the operation was conducted with the support of cyber security firm Group-IB, which provided data on the reach of the malware that has infected websites in various locations, including in Indonesia, Australia, UK, US, Germany and Brazil. Group-IB also supported the investigation with digital forensics expertise to help identify the suspects.

The Interpol’s ASEAN Cyber Capability Desk has since disseminated cyber activity reports to the affected countries, highlighting the threat to support their national investigations. These include C2 servers and infected websites located in six countries in the Association of Southeast Asian Nations (ASEAN) region.

At the request of the Indonesian National Police, the Interpol provided technical and operational support that resulted in the arrest of three individuals suspected of commanding the C2 servers in the country.

The investigation revealed the suspects were using the stolen payment card details to purchase electronic good and other luxury items, then reselling them for a profit. They have been charged with the theft of electronic data, which carries up to a 10-year jail sentence in accordance with Indonesia’s criminal code.

“Strong and effective partnerships between police and the cyber security industry are essential to ensure law enforcement worldwide has access to the information they need to address the scale and complexity of today’s cyber threat landscape,” said Craig Jones, Interpol’s director of cyber crime.

“This successful operation is just one example of how law enforcement is adapting and applying new technologies to aid investigations, and ultimately reduce the global impact of cyber crime,” he added.

In Singapore, local authorities identified and took down two of the C2 servers. Investigations in other ASEAN countries are ongoing, with the Interpol continuing to support police in locating C2 servers and infected websites, and identifying the cyber criminals involved.

The perpetrators behind the latest attack involving the use of JavaScript-sniffers were not new to the world of cyber crime. To access servers that collected stolen data and control their malware, they used virtual private network (VPN) connections to hide their real location and identity. To pay for hosting services and buy new domains, they only used stolen cards, according to Group-IB.

“Thanks to the Indonesian police and Interpol’s prompt actions, Operation Night Fury became the first successful multi-jurisdictional operation against the operators of JavaScript-sniffers in the Asia-Pacific region,” said Vesta Matveeva, head of Group-IB’s cyber investigations team in the region.

“It is a great example of coordinated cross-border anti-cyber crime effort, and we are proud that our threat intelligence and digital forensics expertise helped to establish the suspects. We hope this will set a precedent for law enforcement in other jurisdiction too,” she added.

In a separate incident that took place under a year ago, the payment card information belonging to thousands of customers of Singapore banks was believed to have been compromised by a JavaScript-sniffer and put up for sale on the dark web.

During their analysis of underground card shops, Group-IB’s threat hunting team discovered a spike in the sale of raw data of 4,166 compromised payment cards – including CVV, card number and expiration date – issued by Singapore banks.

Group-IB said the data was uploaded in April 2019, and that the spike took place on 1 April when a database containing data on 1,726 compromised cards was put up. The mean figure from January to August 2019 was 2,379 cards per month.

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#comptia | #ransomware | Bill Would Make Possession Of Ransomware A Crime In Maryland – CBS Baltimore

Source: National Cyber Security – Produced By Gregory Evans CAPITAL NEWS SERVICE — State lawmakers heard arguments Tuesday on a bill that seeks to add criminal penalties for knowingly possessing ransomware with the intent to use it in a malicious way. Ransomware is a type of malware that can impede the use of a computer […] View full post on AmIHackerProof.com

#cyberfraud | #cybercriminals | City of Ekurhuleni warns of ongoing scams and cyber crime

Source: National Cyber Security – Produced By Gregory Evans With the festive season approaching, the City of Ekurhuleni (CoE) warns people of scammers who have been reportedly scamming people of their money. This follows complaints received by the City from people who have been scammed by people pretending to be municipal officials. Many victims were […] View full post on AmIHackerProof.com

#cyberfraud | #cybercriminals | Wyomingites lose $4.5 million as cyber crime nearly doubles in 2018

Source: National Cyber Security – Produced By Gregory Evans

(Pixabay)

CASPER, Wyo. — Wyomingites lost $4,517,128 in various cyber crimes in 2018.

That is according to Federal Bureau of Investigation data shared by the Wyoming Department of Education on Monday, Oct. 21.

“Losses due to security breaches and scams for Wyoming’s
citizens, businesses, and organizations nearly doubled between 2017
and 2018, according to the FBI’s Internet Crimes Complaint Database
reports,” WDE Chief of Operations Trent Carroll said in a memo.

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Carroll adds that there are 172 unfilled cybersecurity job positions across the state.

“Cybertrained technology professionals are needed to help in every business, hospital, school, nonprofit, and municipality in the state,” he adds. “Education of our students for these high-paying jobs, and teaching them to be safe in an increasingly connected world, is more important than ever.”

The United States Department of Education will award a “Presidential Cybersecurity Education Award” in spring 2020 to highlight the need for such education.

“Two educators, one elementary and one secondary, will be awarded in the spring of 2020,” Carroll adds. “The award criteria includes instilling their students with the skills, knowledge and passion for cybersecurity and related topics and subjects.”

Educators can be nominated for the award until Jan. 31, 2020.

“Anyone may nominate an educator and self-nominations are also permitted,” says Carroll.

More information about the award is available here. Nominations can be sent to CyberAwards@ed.gov.

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FBI’s Wray says nat’l security, crime all have cybersecurity element

Source: National Cyber Security – Produced By Gregory Evans

Every security and criminal threat that the FBI faces has a cyber or tech component that is increasing in frequency and sophistication, presenting tremendous challenges for FBI investigators, the bureau’s director, Christopher Wray, told members of the Senate Homeland Security and Government Affairs Committee Wednesday. We face sophisticated cyber threats from foreign…

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Online crime presents new challenges for insurers

Source: National Cyber Security – Produced By Gregory Evans

Any business in its right mind has crime insurance. What it may not have is the protection it needs to face new threats such as social-engineering fraud and ransomware. The recent $11.8-million vendor-impersonation scam against MacEwan University in Edmonton is only the latest high-profile social-engineering fraud in what has become…

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Police insist they treat cyber crime seriously following critical national report

Police insist they treat cyber crime seriously following critical national reportSource: National Cyber Security – Produced By Gregory Evans Police have stressed how seriously they treat cyber crime following a new report criticising how the growing trend is tackled by forces nationally. The National Audit Office (NAO) said the issue was “not yet a priority” for all local police forces and the problem had been […] View full post on AmIHackerProof.com | Can You Be Hacked?