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August 2016

If you’re an Apple user and have recently been billed for using Netflix, then you might be the potential victim of a scam. A new report has found that cybercriminals have launched a new scam, in which fraudulent emails, purporting to be from Apple, are being sent to users. While the emails look completely legitimate, they are in fact fake receipts for purchases on iTunes – including a subscription to Netflix. Read More

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Whenever a smartphone game gains in popularity, it’s a safe bet that hackers will quickly find a way to exploit it for their own needs. When it was launched in July, Pokémon Go soon became a worldwide phenomenon, attracting millions of users, in the hunt for coveted characters, as part of an augmented reality challenge. As a result, many of these users have been targeted by cybercriminals, in elaborate phishing scams. Read More

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Android users are being targeted by a new and sophisticated piece of malware, designed to fool them into giving up their banking user ID and password. Although Trojans are nothing new, these are particularly dangerous; in addition to being able to acquire passwords and IDs, the Svpeng Trojan can also intercept and delete text messages sent from banking institutions and even send texts, masquerading as the bank itself.Read More

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Not So SWIFT, After All?

Wed 24 Aug 2016

According to over a dozen past and present senior managers and board directors of the bank messaging system, SWIFT, security has been a long-overlooked problem within the organisation. With over 11,000 institutions in over 200 countries, the vulnerabilities were only highlighted in the wake of a heist by hackers, in which $81 million was stolen from the Central Bank of Bangladesh’s account at the Federal Reserve Bank of New York. In this instance, the bank’s Alliance Access software was hacked and, using malware, hackers were able to issue fake SWIFT messages, enabling them to appropriate the money.Read More

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Ransomware has been hitting the headlines in recent weeks and is consistently notorious as a particularly nasty piece of malware. While there are countless variants, the one thing they all have in common is that they all end up demanding money. However, a new variant has been discovered, called EduCrypt, which really is ransomware with a difference…Read More