A Russian-speaking cybercriminal recently sold on a darknet forum thousands of stolen payment and gift cards that researchers at Gemini Advisory believe were taken from the now-defunct online gift card exchange Cardpool.com.
A Russian national who co-founded the Infraud Organization's online cybercrime forum, which trafficked in stolen payment card data and was tied to more than $560 million in fraud losses, has been sentenced to serve 10 years in prison.
Cybercriminal gangs operating darknet stolen payment card marketplaces are scrambling to attract customers from the now-closed Joker's Stash card market, according to the security firms Kela and Flashpoint.
Joker's Stash, the notorious underground marketplace that has specialized in the sale of stolen payment card data, is reportedly shutting down in February with its administrator claiming he will "retire" at that time, according to Gemini Advisory. Researchers say fraudsters will quickly move to other sites.
This exclusive report explores the hidden value of payments. Partnering with Oxford Economics, Checkout.com talked to 1,500 business leaders and 5,000 consumers to uncover previously unknown insights.
It delves into the true cost of false declines to merchants and the digital economy, what customers are willing to...
A recently uncovered point-of-sale malware called "ModPipe" is targeting Oracle software used by thousands of restaurants and other businesses in the hospitality industry, according to researchers at ESET. This backdoor can then steal sensitive data, such as cardholder names.
COVID-19 accelerated everything else digital; why not fraud, too? In this latest CEO/CISO panel, cybersecurity leaders talk frankly about the pace and scale of new fraud schemes from business email compromise to card not present to insider risk.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
A flaw in how contactless cards from Visa - and potentially other issuers - have implemented the EMV protocol can be abused to bypass PIN verification for high-value transactions, ETH Zurich researchers warn. But Visa says the exploits would be "impractical for fraudsters to employ" in real-world attacks.
Implementing an adaptive, risk-based authentication process for remote system access is proving effective as more staff members work from home during the COVID-19 pandemic, says Ant Allan, a vice president and analyst at Gartner.