Experts from Newcastle University in England has found that hackers only need six seconds to figure out the card number, expiry date, and security code for a Visa debit or credit card by simple guesswork, according to a report from The Telegraph.
According to figures from the Office of National Statistics, in the U.K. the number of bank account fraud cases reported up to June 2016, from the beginning of the year, amounted to over 2.3 million.
The researchers found that all that a hacker needs is a computer and an Internet connection. It is believed that hackers simply utilize what is known as a Distributed Guessing Attack enabling them to get around security features [...]
Bitcoin extortionists have hacked a high-end European bank several days ago, and now blackmailing its customers. Valartis, a Chinese-owned bank in Lichtenstein, has reportedly been hacked by unknown extortionists, according to the German newspaper Bild am Sonntag.
The hackers are demanding Valartis’ customers 10% of their life savings, paid in Bitcoin so they can protect their anonymity. If they do not comply by the 7th of December, the hackers will reportedly release all of their account details. These will then be sent to finance authorities and the media.
According to Chief Financial Officer Fond Chi Wah, the bank did not know of any money losses and that customers [...]
On the 26th of November, the San Francisco Examiner reported the San Francisco Municipal Transportation Agency (SFMTA) was hacked. Infected computers at Muni stations were reportedly downed by HDDCryptor ransomware, whose masters attempted to extort the station for bitcoin. As a result, passengers got a free ride throughout the weekend as the agency was forced to open up the gates, since they were unable to process fare payments.
Muni ticket machines, kiosks, employee laptops, email and printed services, payroll systems and SQL databases were compromised according to The Register. Out of a total of 8.656 PCs and Macs on the agency’s network, a total of 2,112 were compromised [...]
A former Australian police officer has been charged with selling fake IDs on the darknet, according to ABC news. The man is identified as James Goris, a 44-year-old from Castlemaine. He was a police officer up until 2010, according to reports.
Reportedly, Goris was manufacturing and selling fake federal police ID cards, maritime and aviation security passes, and computer equipment. These would be sent to buyers via Australia Post express and promised those who bought them easy access at police stations, a notion the defense rejected in court.
According to police, the 44-year-old was also advertising the sale of firearms and police radios. Detectives were unable to [...]