Weekly Cyber Risk Roundup: Bitcoin Attacks Dominate Headlines, New Phishing Warnings

Several cryptocurrency exchanges were among the week’s top trending cybercrime targets due to a variety of different currency thefts, data breaches, and warnings from researchers. The most impactful incident occurred at the bitcoin mining platform and exchange NiceHash, which said on Wednesday that its payment system was compromised and the bitcoin in its wallet was… Read More

Weekly Cyber Risk Roundup: Uber’s Breach Woes, Major Cybercriminals Prosecuted

Uber was the week’s top trending cybercrime target due to the announcement of a year-old breach that affects 57 million customers and drivers. In addition, the company admitted to paying the hackers $100,000 in an effort to keep the breach out the public eye. The data was stolen in October 2016, and it includes the… Read More

Fraud Landscape Shifts as EMV Adoption Becomes More Widespread

It’s been just over two years since the liability shift around EMV pushed retailers and financial institutions towards adopting chip-enabled cards and terminals, and the fraud landscape for cybercriminals has shifted along with that adoption. In June, Visa reported that it had issued nearly 450 million chip cards and that 50% of U.S. storefronts now accept… Read More

Weekly Cyber Risk Roundup: More Payment Card Breaches and Dark Web Arrests

Payment card breaches were back in the news again this week as Forever 21 announced that it is investigating a point-of-sale breach (POS) at some of its stores, and several other organizations issued breach announcements related to stolen payment card data. Forever 21 said that it received a report from a third party about potential… Read More

Weekly Cyber Risk Roundup: Bad Rabbit’s Parallel Attack, Paradise Papers Fallout

October’s Bad Rabbit ransomware attacks were back in the news this week due to a report that a series of phishing attacks occurred at the same time as the Bad Rabbit outbreak, and the parallel attacks may have been carried out by the same group. The discovery also suggests that Ukraine may have been a… Read More

Weekly Cyber Risk Roundup: Spain-Catalonia Conflict Goes Digital, Russian Hacking Revealed

The Spanish government was the week’s top trending cybercrime target due to a series of distributed denial-of-service (DDoS) and other attacks that were orchestrated by the hacktivist group Anonymous. The Anonymous’ campaign against the Spanish government comes on the heels of  Catalonia’s recent referendum on independence. As Miguel-Anxo Murado wrote in The New York Review… Read More

‘Tis the Season: Gift Card Fraud Rampant on the Dark Web

The holiday shopping season is right around the corner, and gift cards are expected to remain as the most requested holiday gift for the tenth year in a row. It should come as no surprise then that gift card fraud has become a booming business for cybercriminals as they attempt to grab a slice of that… Read More

Weekly Cyber Risk Roundup: Bad Rabbit Halted, Law Firm Breach Raises Questions

The week’s top trending event was the outbreak of Bad Rabbit ransomware, which quickly spread across Russia and Eastern Europe before most of the infrastructure behind the attack was taken offline hours later.  Bad Rabbit was largely spread via watering hole attacks using compromised news media websites that prompted users to install a fake “Flash… Read More

‘Tis the Season: How Cybercriminals Perpetuate Gift Card Fraud

Two months ago, Fan Xia, a 29-year-old research assistant from UW-Milwaukee’s engineering department, was arrested for laundering more than $300,000 via an international scheme involving gift cards. According to the criminal complaint, Xia would receive gift card information from scammers in India, use that information to buy iTunes and Google Play gift cards, and then… Read More

Weekly Cyber Risk Roundup: DDoS Attacks Hit Sweden, Researchers Warn of ROCA

The Swedish Transportation Administration and other related agencies were among the week’s top trending cybercrime targets due to a series of distributed denial-of-service (DDoS) attacks that led to services being disrupted earlier this month. The DDoS attacks against the Swedish Transportation Administration affected all of its web-based systems, including the IT system that manages train orders,… Read More