Fraud News Roundup for July 30 – August 12
In an effort to keep our Fraud.net followers abreast of stories and information that may impact their businesses, we have curated the following list of recent fraud-related news.
Cryptocurrency Platform Hack Results in $600M Loss
Poly Network, a decentralized finance (DeFi) platform, reported that criminals stole $600 million in funds from their network. The theft exceeded all DeFi losses combined for the year.
1 Million Stolen Credit Cards Made Available for Free
Cybercriminals have leaked 1 million stolen credit cards and made them available for free to promote their new dark website. The cards were stolen in 2018 and 2019.
Cyber Intrusions Increased 125% in 1H 2021 Compared to 2020
A new global study by Accenture analyzed the cyber intrusions in 1H 2021. Among the findings, industries hardest hit were consumer goods, industrial, banking, and travel.
Accenture Targeted in Ransomware Attack
Accenture confirmed they were targeted in a recent ransomware attack, but stated there was “no impact” to their operations or clients’ systems.
Gift Card Fraud Scheme Exposed
Security researchers discovered a gift card fraud scheme that targeted cards sold through third-party discount merchants.
Florida Hospital’s Systems Down for 1 Month after Attack
UF Health Central Florida reported that an earlier cyberattack exposed patients’ data and resulted in numerous systems being down for a month.
New Bank Malware Harvesting Login Credentials
A new Android malware was recently detected that utilizes VNC screen-sharing to mirror screens of infected devices.
Fight Fraud Efficiently with Fraud.net
Fraud.net’s suite of products helps protect businesses from many different types of fraud and can benefit your business no matter the industry – eCommerce, banking, marketing, and more. Powered by AI and Machine Learning, you can fight fraud efficiently and save both your reputation and your profits.
Contact us today for a free demo of our products and recommendations.