Researchers warn that financial institutions must innovate to prevent online payment fraud losses, which are expected to exceed $343 billion between 2023 and 2027.
Staff Correspondent at CPO Magazine
Alicia Hope has been a journalist for more than 5 years, reporting on technology, cyber security and data privacy news.
Researchers found that although 80% of financial institutions suffered data breaches per year from vulnerabilities in their authentication methods, 64% refused to upgrade.
Neopets virtual pet website suffered a data breach that allowed hackers to access the platform's source code and personal information of 69 million users. Hacker continues to maintain access after confirmed data breach.
Hackers were impersonating cybersecurity companies by sending phishing emails asking the target to callback to resolve potential network compromise. Victims are then guided to install remote administration tools.
Microsoft discovered a coordinated phishing campaign targeting Office 365 users and leveraging an Adversary-in-the-Middle (AiTM) MFA bypass to execute business email compromise (BEC) attacks and commit fraud.
Tekken, Elden Ring, Gundam and Pac-Man game publisher Bandai Namco confirmed a suspected BlackCat ransomware attack that potentially exposed sensitive customer information.
A Quantum ransomware attack on Professional Finance Company (PFC) impacted 657 healthcare organizations and leaked sensitive patient data for millions of patients.
The FBI, CISA, and the Treasury Department warned about Maui ransomware attacks by state-sponsored North Korean hackers targeting US healthcare organizations.
Attackers exfiltrated sensitive data from thousands of websites, desktop, and mobile applications in a supply chain attack leveraging typo-squatting in popular NPM packages.
Microsoft says Russia conducted a cyber espionage campaign against Ukraine's allies, mainly NATO members, to collect crucial information in parallel with the ground invasion.
