phishing News

Wisconsin Republican Party Says Hackers Stole $2.3 Million

MADISON, Wis. — Hackers have stolen $2.3 million from the Wisconsin Republican Party’s account that was being used to help reelect President Donald Trump in the key battleground state, the party’s chairman told The Associated Press on Thursday. The party …

Twitter’s Security Woes Included Broad Access to User Accounts

Twitter Inc. has struggled for years to police the growing number of employees and contractors who have the ability to reset users’ accounts and override their security settings, a problem that Chief Executive Officer Jack Dorsey and the board were …

U.S., U.K. Issue Alert on Growing Use of Covid-themed Hacks

Coronavirus-themed phishing attacks have become so pervasive that the governments of the U.S. and U.K. issued a joint warning Wednesday about their growing use. Advanced hacking groups seek to further “long-standing priorities” including espionage and “hack and leak” campaigns while …

New Mexico Agencies on Edge Amid Rising Ransomware Attacks

ALBUQUERQUE, N.M. — New Mexico school districts, universities, and government agencies have collectively spent millions of dollars to regain control of their computer systems after employees unknowingly opened emails containing an encrypted code that effectively shut them out of their …

Policy Limit Doesn’t Bar Claim for Loss From $1.7M Phishing Scam

A $1.7 million email phishing fraud that included phone calls with a fake lawyer and an intervention by a Wells Fargo fraud investigator is still a fraud and Ironshore Indemnity is liable for the claim, a split panel with the …

FBI Reports Cybercrime Losses Nearly Doubled in 2018

The amount of reported losses from cyber crime nearly doubled in 2018 to $2.7 billion, with almost half of that from business email schemes that targeted wire transfer payments, according the FBI’s 2019 Internet Crime Report. The report, prepared by …

NAS Says Ransomware Demands Growing Along with Cyber Claim Costs

Cybercrime claims by policyholders outside the health care sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as clients or business partners, NAS Insurance said in a …

Fraudster Admits Scamming $100M from Facebook and Google

A Lithuanian man admitted he helped trick Facebook Inc. and Alphabet Inc.’s Google into sending more than $100 million through a phishing scheme. Evaldas Rimasauskas, 50, pleaded guilty to one count of wire fraud before U.S. District Judge George Daniels …

Canada’s Anti-Spam Legislation Working

Eric Dolden, founding partner with the Canadian law firm of Dolden Wallace Folick, provided details of Canada’s anti-spam legislation (CASL) that went into effect last year, during an interview with Claims Journal. One CASL exposure includes mass distribution of electronic …

Michigan Aims to be Nation’s Leader in Thwarting Cyberattacks

Michigan is aiming to invest in cybersecurity and position itself as a national leader in the field as attacks on governments increase. The state receives more than 730,000 attempted cyberattacks daily, and that number is rising as hackers and thieves …