October 2, 2021

The Week in Ransomware – October 1st 2021 – “This was preventable” This week comes with reports on a hospital ransomware attack that led to the death of a baby and new efforts by governments worldwide to combat ransomware. This week, the biggest news is President Biden announcing a partnership between Read more…

US Unites 30 Countries To Disrupt Global Ransomware Attacks Today, U.S. President Joe Biden said that the U.S. will bring together 30 countries to jointly crack down on ransomware gangs behind a barrage of attacks impacting organizations worldwide. “This month, the United States will bring together 30 countries to accelerate Read more…

FCC Orders Phone Carriers To Enforce Unlawful Robocall Blocking The Federal Communications Commission (FCC) announced earlier this week that phone companies are now required to filter calls from providers who haven’t complied with a deadline to block illegal robocalls that expired on September 28th. They can only accept calls from Read more…

Crypto Platform Mistakenly Gives $90M To Users, Asks For Refund In a major blunder, cryptocurrency platform Compound accidentally paid out $90 million among its users. Shortly after the mistake, the platform’s founder began asking users to return the money—or else they would be reported to IRS, and possibly doxxed, threatened the Read more…

MoneyLion Locks Customer Accounts After Credential Stuffing Attacks The banking and investing platform MoneyLion had to lock customer accounts that were breached in credential stuffing attacks over the summer, in June and July. The fintech company has provided mobile banking services for borrowing, saving, and investing money to more than Read more…

Neiman Marcus Sends Notices Of Breach To 4.3 Million Customers Neiman Marcus, the Texas-based luxury department stores chain, is sending notices of a data breach to roughly 4.3 million customers. According to the letter, which has been shared with Maine’s Attorney General’s office, the data breach unfolded back in May 2020 Read more…

The FCC Proposes Rules To Fight SIM Swap And Port-out Fraud The Federal Communications Commission in the U.S. this week announced that it started to work on rules that would pull the brake on SIM swapping attacks. The decision comes after the agency “received numerous complaints from consumers who have Read more…

Hackers Rob Thousands Of Coinbase Customers Using MFA Flaw Crypto exchange Coinbase disclosed that a threat actor stole cryptocurrency from 6,000 customers after using a vulnerability to bypass the company’s SMS multi-factor authentication security feature. Coinbase is the world’s second-largest cryptocurrency exchange, with approximately 68 million users from over 100 Read more…

Flubot Android Malware Now Spreads Via Fake Security Updates The Flubot malware has switched to a new and likely more effective lure to compromise Android devices, now trying to trick its victims into infecting themselves with the help of fake security updates warning them of Flubot infections. As New Zealand’s Read more…

Hydra Malware Targets Customers Of Germany’s Second Largest Bank The Hydra banking trojan is back to targeting European e-banking platform users, and more specifically, customers of Commerzbank, Germany’s second-largest financial institution.   MalwareHunterTeam has spotted the two-year-old malware in a new distribution campaign that targets German users with a malicious Read more…