Risk Archives - Recon Bee

Final Three Sentenced in £70m Money Laundering Case

14Mar

By RBNo Comments

Risk, Security

Final Three Sentenced in £70m Money Laundering Case

Following the sentencing of its final three members after a five-year investigation, UK law enforcement officials said on Friday that they had broken up a significant money laundering gang. At Kingston Crown Court in west London, Aurimas Bielskis, 41, Vitalijs Slapkins-Slapkovs, 34, and Nedas Kiviliauskas, 34, received sentences. Each of Bielskis and Slapkins-Slapkovs received a sentence of 22 months in prison with a two-year suspension. Also, Bielskis completed 250 hours of volunteer work. Kivilauskas was given a sentence of 23 months with a two-year suspension and 350 hours of community service read more Final Three Sentenced in £70m Money Laundering Case. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of th...

Hackers steal around $200 million from crypto lender Euler Finance

14Mar

By RBNo Comments

Risk, Security

Hackers steal around $200 million from crypto lender Euler Finance

The blockchain surveillance company PeckShield on Monday posted a threatening tweet to the cryptocurrency loan site Euler Finance with the simple message: "Hello […] you may want to take a look." The firm advised Euler to check at a number of transactions that suggested an ongoing hack against Euler was taking place. PeckShield claims that hackers used Euler "in a frenzy of transactions" to steal about $197 million in cryptocurrency. BlockSec, a cryptography security company, also reported the hack. According to a website that tracks cryptocurrency thefts and frauds read more Hackers steal around $200 million from crypto lender Euler Finance. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the latest threats...

Blackbaud Settles $3m Charge Over Ransomware Attack

14Mar

By RBNo Comments

Risk, Security

Blackbaud Settles $3m Charge Over Ransomware Attack

Blackbaud, a provider of cloud software, has agreed to pay $3 million to resolve allegations regarding regulatory reports it filed in the wake of a significant 2020 ransomware attack. The South Carolina-based company, which offers software to non-profits, educational institutions, and other "social good" organizations, claimed to have found and stopped the May 2020 attempt, but threat actors were still able to obtain confidential client data. Blackbaud asserted that it had compensated its extortionists and added that there was no reason to think the stolen information "was or will be misused read more Blackbaud Settles $3m Charge Over Ransomware Attack. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the lat...

Investment Fraud is Now Biggest Cybercrime Earner

14Mar

By RBNo Comments

Risk, Security

Investment Fraud is Now Biggest Cybercrime Earner

Investment fraud will cost victims more than $3.3 billion in 2022, according to the FBI, surpassing business email compromise (BEC) as the top-earning cybercrime category last year. The Internet Crime Complaint Center (IC3) of the FBI compiles the Internet Crime Report 2022 from complaints submitted to it by businesses and individuals worldwide during the year. Around 801,000 complaints led to an estimate of $10.3 billion in total losses from cybercrime for 2022. Although the latter number increased by 49% over the amount from the prior year, the overall number of complaints read more Investment Fraud is Now Biggest Cybercrime Earner. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the latest threats, breach...

Telehealth firm Cerebral shared millions of patients data with advertisers

13Mar

By RBNo Comments

Resources, Risk, Security

Telehealth firm Cerebral shared millions of patients data with advertisers

Cerebral has admitted that it gave advertising and social media juggernauts like Facebook, Google, and TikTok access to the private health data of more than 3.1 million patients in the US, including assessments of their mental state. The telehealth startup revealed the security lapse in a filing with the federal government that it shared patients' personal and health information who used the app to search for therapy or other mental health care services. The telehealth startup, which exploded in popularity during the COVID-19 read more Telehealth firm Cerebral shared millions of patients data with advertisers. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the latest threats, breaches, and solutions.

FBI Warns of Crypto Stealing Play to Earn Games

13Mar

By RBNo Comments

Availability, Resources, Risk, Security

FBI Warns of Crypto Stealing Play to Earn Games

Customers have been cautioned not to fall for a brand-new class of fraudulent gaming applications that have already defrauded users out of millions of dollars worth of cryptocurrencies. According to a recent PSA from the FBI's Internet Crime Complaint Center, scammers generally contact victims online before introducing them to the online or mobile game in time (IC3). The game claims to give users bitcoin just for playing. The FBI chose the example of a player raising virtual crops on an animated farm, despite the fact that there are numerous variations of this scam read more FBI Warns of Crypto Stealing Play to Earn Games. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the latest threats, breaches, and solu...

Hadoken Security Group Upgrades Xenomorph Mobile Malware

13Mar

By RBNo Comments

Risk, Security

Hadoken Security Group Upgrades Xenomorph Mobile Malware

A fresh version of the Xenomorph Security experts at ThreatFabric have identified an Android banking virus and dubbed it Xenomorph. C. According to a business alert released earlier today, the variant, created by the threat actor known as Hadoken Security Group, represents a significant improvement over the malware previously seen by ThreatFabric. According to the technical report, "This new version of the malware adds many new capabilities to an already feature-rich Android Banker, most notably the introduction of a very extensive runtime engine powered by Accessibility services, which is used by actors to implement a complete ATS read more Hadoken Security Group Upgrades Xenomorph Mobile Malware. Stay informed with the best cybersecurity news and raise your cybersecurity awaren...

White House Allocates $3.1bn to Cybersecurity in New Budget

13Mar

By RBNo Comments

Business, Risk, Security

White House Allocates $3.1bn to Cybersecurity in New Budget

In its most recent budget report, the White House allotted a total of $3.1 billion on cybersecurity infrastructure. According to the paper, which was published on Thursday, $145 million of this sum will be used to make the Cybersecurity and Infrastructure Security Agency (CISA) "more resilient and defensible." The Cyber Incident Reporting for Critical Infrastructure Act of 2021 will be implemented with $98 million of the remaining monies, while CISA's internal cybersecurity and analytical capabilities will get $425 million in improvements read more White House Allocates $3.1bn to Cybersecurity in New Budget. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the latest threats, breaches, and solutions.

10Mar

By RBNo Comments

Resources, Risk, Security

Acer Confirms Unauthorized Access But Says No Consumer Data Stolen

Acer, a Taiwanese electronics maker, revealed a case of illegal access to one of its document servers by service professionals. The international firm said that it believes no customer data was accessed as a result of the breach in a statement sent via email to Infosecurity. There is currently no evidence that any customer data was saved on that server, the company stated, adding that its investigation is still in progress. On a dark web forum earlier this week, a threat actor going by the name "Kernelware" took ownership of the attack. They claimed to have carried out the attack in the middle of February read more Acer Confirms Unauthorized Access But Says No Consumer Data Stolen. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our c...

TikTok Initiates Project Clover Amid European Data Security Concerns

10Mar

By RBNo Comments

Resources, Risk, Security

TikTok Initiates Project Clover Amid European Data Security Concerns

TikTok has unveiled Project Cover and two new European data centres, despite the fact that governments from all around the world have sought to restrict it from being used on official devices due to data security concerns. Only two weeks have passed since the EU Commission prohibited TikTok from being used on corporate devices before the launch of "Project Clover," an improvement to TikTok's 2021 data governance policy. Project Clover will "move away from complying with industry standards to defining a new benchmark entirely when it comes to data security," according to TikTok read more TikTok Initiates Project Clover Amid European Data Security Concerns. Stay informed with the best cybersecurity news and raise your cybersecurity awareness with our comprehensive coverage of the l...