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    10 Feb, 2022
    Russian Govt. Continues Carding Shop Crackdown
    Cybersecurity , , , , , , , , , , , , , , , , , , ,

    Russian authorities have arrested six men accused of operating some of the most active online bazaars for selling stolen payment card data. The crackdown — the second closure of major card fraud shops by Russian authorities in as many weeks — comes closely behind Russia’s arrest of 14 alleged affiliates of the REvil ransomware gang, and has many in the cybercrime underground asking who might be next. …

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    2 Feb, 2021
    ‘ValidCC,’ a Major Payment Card Bazaar and Looter of E-Commerce Sites, Shuttered
    Cybersecurity , , , , , , , ,

    ValidCC, a dark web bazaar run by a cybercrime group that for more than six years hacked online merchants and sold stolen payment card data, abruptly closed up shop last week. The proprietors of the popular store said their servers were seized as part of a coordinated law enforcement operation designed to disconnect and confiscate its infrastructure. …

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    30 Jul, 2020
    Is Your Chip Card Secure? Much Depends on Where You Bank
    Cybersecurity , , , , , , , , , , , , , ,

    Chip-based credit and debit cards are designed to make it infeasible for skimming devices or malware to clone your card when you pay for something by dipping the chip instead of swiping the stripe. But a recent series of malware attacks on U.S.-based merchants suggest thieves are exploiting weaknesses in how certain financial institutions have implemented the technology to sidestep key chip card security features and effectively create usable, counterfeit cards. …

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    30 Jun, 2020
    COVID-19 ‘Breach Bubble’ Waiting to Pop?
    Cybersecurity , , , , , , , ,

    The COVID-19 pandemic has made it harder for banks to trace the source of payment card data stolen from smaller, hacked online merchants. On the plus side, months of quarantine have massively decreased demand for account information that thieves buy and use to create physical counterfeit credit cards. But fraud experts say recent developments suggest both trends are about to change — and likely for the worse. …

    Read MoreCOVID-19 ‘Breach Bubble’ Waiting to Pop?

    30 Apr, 2020
    How Cybercriminals are Weathering COVID-19
    Cybersecurity , , , , , , , , , , ,

    In many ways, the COVID-19 pandemic has been a boon to cybercriminals: With unprecedented numbers of people working from home and anxious for news about the virus outbreak, it’s hard to imagine a more target-rich environment for phishers, scammers and malware purveyors. In addition, many crooks are finding the outbreak has helped them better market their cybercriminal wares and services. But it’s not all good news: The Coronavirus also has driven up costs and disrupted key supply lines for many cybercriminals. …

    Read MoreHow Cybercriminals are Weathering COVID-19