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Verizon: Data Breaches Getting More Sophisticated

Methods of stealing data are becoming increasingly sophisticated, but attackers are still gaining initial access to networks through known, preventable vulnerabilities, according to a report released by Verizon Business on Wednesday. “Attacks are getting more sophisticated and more difficult to prevent,” said Wade Baker, research and intelligence principal for Verizon Business’s RISK Team, in an interview. “The attackers still usually get in the network through some relatively mundane attacks.

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Wednesday, December 9th, 2009 P2P News No Comments

FBI Says ‘Money Mule’ Scams Now Top $100 Million

The hackers looting bank accounts of small and mid-sized businesses around the county are hitting new victims every week, and have now racked up approximately $100 million in attempted losses, the FBI said Tuesday. “The infection vector has not been determined in every case,” the bureau’s Internet Crime Complaint Center wrote in an intelligence note on the growing scam. “However, FBI analysis has identified more than two dozen different pieces of malware on the compromised account holders’ computers all containing key loggers.” Using these Trojan horses, cybercrooks have been intercepting victims’ web-banking credentials and then initiating money transfers to mules around the country.

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Tuesday, November 3rd, 2009 P2P News No Comments

New Malware Re-Writes Online Bank Statements to Cover Fraud

New malware being used by cybercrooks does more than let hackers loot a bank account; it hides evidence of a victim’s dwindling balance by rewriting online bank statements on the fly, according to a new report. The sophisticated hack uses a Trojan horse program installed on the victim’s machine that alters html coding before it’s displayed in the user’s browser, to either erase evidence of a money transfer transaction entirely from a bank statement, or alter the amount of money transfers and balances. The ruse buys the crooks time before a victim discovers the fraud, though won’t work if a victim uses an uninfected machine to check his or her bank balance.

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Wednesday, September 30th, 2009 P2P News No Comments