Cachet Financial Reeling from MyPayrollHR Fraud

When New York-based cloud payroll provider MyPayrollHR unexpectedly shuttered its doors last month and disappeared with $26 million worth of customer payroll deposits, its payment processor Cachet Financial Services ended up funding the bank accounts of MyPayrollHR client company employees anyway, graciously eating a $26 million loss which it is now suing to recover. But … Читать далее

Takeaways from the $566M BriansClub breach

Reporting on the exposure of some 26 million stolen credit cards leaked from a top underground cybercrime store highlighted some persistent and hard truths. Most notably, that the world’s largest financial institutions tend to have a much better idea of which merchants and bank cards have been breached than do the thousands of smaller banks … Читать далее

Avast, NordVPN Breaches Tied to Phantom User Accounts

Antivirus and security giant Avast and virtual private networking (VPN) software provider NordVPN each today disclosed months-long network intrusions that — while otherwise unrelated — shared a common cause: Forgotten or unknown user accounts that granted remote access to internal systems with little more than a password. Based in the Czech Republic, Avast bills itself … Читать далее

Ransomware Hits B2B Payments Firm Billtrust

Business-to-business payments provider Billtrust is still recovering from a ransomware attack that began last week.  The company said it is in the final stages of bringing all of its systems back online from backups. With more than 550 employees, Lawrence Township, N.J.-based Billtrust is a cloud-based service that lets customers view invoices, pay, or request … Читать далее

When Card Shops Play Dirty, Consumers Win

Cybercrime forums have been abuzz this week over news that BriansClub — one of the underground’s largest shops for stolen credit and debit cards — has been hacked, and its inventory of 26 million cards shared with security contacts in the banking industry. Now it appears this brazen heist may have been the result of … Читать далее

“BriansClub” Hack Rescues 26M Stolen Cards

“BriansClub,” one of the largest underground stores for buying stolen credit card data, has itself been hacked. The data stolen from BriansClub encompasses more than 26 million credit and debit card records taken from hacked online and brick-and-mortar retailers over the past four years, including almost eight million records uploaded to the shop in 2019 … Читать далее

MyPayrollHR CEO Arrested, Admits to $70M Fraud

Earlier this month, employees at more than 1,000 companies saw one or two paycheck’s worth of funds deducted from their bank accounts after the CEO of their cloud payroll provider absconded with $35 million in payroll and tax deposits from customers. On Monday, the CEO was arrested and allegedly confessed that the diversion was the … Читать далее

Patch Tuesday Lowdown, October 2019 Edition

On Tuesday Microsoft issued software updates to fix almost five dozen security problems in Windows and software designed to run on top of it. By most accounts, it’s a relatively light patch batch this month. Here’s a look at the highlights. Happily, only about 15 percent of the bugs patched this week earned Microsoft’s most … Читать далее

Man Who Hired Deadly Swatting Gets 15 Months

An Ohio teen who recruited a convicted serial “swatter” to fake a distress call that ended in the police shooting an innocent Kansas man in 2017 has been sentenced to 15 months in prison. Image: FBI.gov “Swatting” is a dangerous hoax that involves making false claims to emergency responders about phony hostage situations or bomb … Читать далее

Mariposa Botnet Author, Darkcode Crime Forum Admin Arrested in Germany

A Slovenian man convicted of authoring the destructive and once-prolific Mariposa botnet and running the infamous Darkode cybercrime forum has been arrested in Germany on request from prosecutors in the United States, who’ve recently re-indicted him on related charges. NiceHash CTO Matjaž “Iserdo” Škorjanc, as pictured on the front page of a recent edition of the Slovenian … Читать далее