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

‘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

‘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

Payment Card Fraud and Cryptocurrency Attacks Saw Significant Increase Last Quarter

The financials sector saw an increase in incident volume in the third quarter of 2017, and much of that increase revolved around cyber-attacks targeting various cryptocurrency platforms, as well as payment card breaches in the consumer goods sector that led to increased fraud activity on cybercriminal markets. Key takeaways from SurfWatch Labs’ threat intelligence findings… Read More

Sonic Investigates Breach, 5 Million Cards For Sale on Cybercriminal Market

The fast-food chain Sonic said yesterday that it is investigating a possible payment card breach at its stores, and security blogger Brian Krebs reported that the incident may be tied to a batch of five million fresh payment cards being offered for sale on the stolen credit card shop known as Joker’s Stash. Sonic said… Read More

Dark Web Markets, Equifax Breach Raise Authentication Concerns

The recent Equifax breach once again has the whole nation talking about cybercrime — and the widespread fraud and identity theft likely to follow in the wake of 143 million compromised consumers. Identity theft is a major concern for individuals, but as SurfWatch Labs chief security strategist Adam Meyer noted, malicious actors spring boarding off… Read More

Impact of Massive Equifax Breach Will Likely Ripple Into the Future

On Thursday, the consumer credit reporting agency Equifax announced a massive data breach affecting 143 million U.S. consumers, and today several actors on the dark web and Twitter are claiming to have the data for sale. Equifax said the breach was caused by a website application vulnerability that provided malicious actors access to sensitive data… Read More

Scammers Already Taking Advantage of Hurricane Harvey, Registering Domains

The physical damage from Tropical Storm Harvey is expected to spread further in the coming week as the storm continues to move along the Gulf Coast. At least 10 people in Texas have been killed related to the storm, local officials said, and the continuing rainfall could total as much as 50 inches in some areas by… Read More

TheShadowBrokers Continue to Leak Exploits and Generate Profits

A few weeks ago, our team at SurfWatch Labs released its mid-year threat intelligence report, which largely focused on how leaked exploits have helped to fuel cybercrime over the first half of the year. While the leak of exploits and hacking tools is not new — 2016’s surge of IoT-powered DDoS attacks were propelled by the… Read More

Leaked Exploits Have Fueled Cybercrime So Far in 2017, Says New Report

Leaked exploits and increased cybercrime-as-a-service offerings — along with the expanding digital footprints of organizations — helped to fuel cybercrime in the first half of 2017, according to a mid-year threat intelligence report from SurfWatch Labs. The global outbreaks of WannaCry and NotPetya have dominated headlines so far this year. Although vastly different from the record-setting,… Read More