/ Security News /

The United States Department of Justice announced Monday the arrest of 74 email fraudsters across three continents in a global crackdown on a large-scale business email compromise (BEC) scheme. The arrest was the result of a six-month-long operation dubbed “Operation Wire Wire” that involved the US Department of Justice, the US Department of Homeland Security, …

/ Security News /

Image: iStock/Ildo Frazao Digital bad guys are no longer satisfied with email fraud, and they’re switching to phone and text scams, according to David Glance, director of the Centre for Software Practices at the University of Western Australia. In his The Conversation column Phone scams cost billions. Why isn’t technology being used to stop them? …

/ Security News /

Gift cards have once again caused quite a headache for retailers, as cyber criminals are using a botnet to break into and steal cash from money-loaded gift cards provided by major retailers around the globe. Dubbed GiftGhostBot, the new botnet specialized in gift card fraud is an advanced persistent bot (APB) that has been spotted …