Cyber Security RESOURCES

GRID Active now offers customer a view into their state of Cyber Risk Readiness and demonstrates the positive impact an integrated cyber risk management platform can have in managing cyber risk.

In late June 2024, LockBit cybercriminal group claimed responsibility for having breached a government agency with plans to release the stolen data. It was revealed that the group actually breached Evolve Bank and Trust.

What would you do if you got a frantic call from a loved one because they were in danger? Or what if an unknown caller told you that someone dear to your heart would be harmed if you didn’t comply, as the shrieks of a familiar voice begged for help in the background? Would you hang up, or would you pay up? While many people would say they wouldn’t fall for something like that, it’s becoming harder than ever to tell the difference between a scammer posing as a loved one and a genuine cry for help. And as quickly as it begins, it’s over, leaving you with emotional trauma and an empty bank account.

With a resolute effort to unite against the threat of cyber fraud, Fraud Fusion Centers are being embraced across all industries to effectively combat cyber fraud.

Cybersecurity risk management is a critical component of risk for banks and credit unions and by taking a proactive approach to risk, you can identify, mitigate, and even prevent risk before it’s too late. Learn how DefenseStorm’s built for banking approach can help you tackle cybersecurity risk and keep your institution cyber risk ready.

The Olympic Games begin July 26, 2024, and end August 11, 2024. I, like most people around the globe, will be watching and cheering on our nation’s athletes as they achieve their goals and live out their Olympic dreams. Unlike most of the audience, though, I will also be thinking about the unseen but expected threats and attacks that will be occurring from cybercriminals and bad threat actors taking advantage of such a major event.

With cybercriminals always devising new methods to target consumers, cybersecurity experts emphasize the importance of security awareness in preventing fraud. However, despite being an acclaimed financial-advice columnist, Charlotte Cowles [Brooklyn, NY] fell victim to a manipulative scam that cost her $50,000.

A proposed rule from the Federal Deposit Insurance Corporation (FDIC) will establish new regulatory standards and increase the focus of cybersecurity risk management and governance while bringing an expectation of faster response times and real-time remediation of deficiencies.

Reports of a massive AT&T data leak have surfaced, with around seventy million customers potentially affected. The data is reportedly for sale on a leak forum or website.

DefenseStorm has updated its Account Takeover Fraud Prevention further enhancing its capabilities as a powerful cyber risk management solution.  Organizations can now join the Community Watchlists within Account Takeover Fraud Prevention, where they not only receive alerts of new threats, but can add a threat to the watchlist directly from the Alert view.

New and innovative applications are touted as a fun way to make prank calls, but they aren’t just being used by teenagers to pull a fast one on a friend. Fraudsters are using these apps to mimic legitimate business numbers and send text messages or calls that appear to be from the victim’s trusted financial institution (FI) in a scam called bank spoofing. Scammers on the other end of the call attempt to acquire sensitive information such as bank account numbers, passwords, personal identification numbers (PINs), and authentication codes that allow money transfers or access to the account.

NIST’s Cybersecurity Framework (CSF) is designed to help institutions of all sizes and sophistication levels manage and reduce their unique cybersecurity risks. With the release of CSF 2.0, the guidance provided by NIST has expanded the practice and controls that institutions can use to best understand, assess, prioritize, and communicate its cybersecurity efforts.

Romance scams continue to gain prevalence as scammers use online dating platforms and social media to prey on vulnerable individuals looking for love.  Continue reading to learn how a man nearly fell victim to a romance scam where the perpetrator intended to use him as a money mule, but the scam was stopped before any transactions occurred, thanks to a concerned bank employee.

DefenseStorm is aware of an incident involving  AnyDesk and the compromise of some of their production systems.  The incident was reported by AnyDesk on 2/2/2024.  We have not been able to locate any usable technical details or IOCs at this time.  AnyDesk is a widely used remote desktop software that allows users to access and control computers from anywhere in the world.

With the rise of online dating and social media, millions of people flock to digital platforms to find love. But from behind the protection of a computer screen, scammers exploit the most vulnerable people seeking romance and relationships, ultimately leaving the unsuspecting victim with a broken heart and an empty bank account.

Cyber scams and election season just go together, and as election season begins to ramp up, so will cyber scams and the variety of tactics that bad actors will deploy in the attempt to obtain your personal information.

Banking trojans continue to evolve and succeed due to their ability to persist, bypass security, and evade detection on mobile devices. As investment from fast-moving threat actors continues to increase, traditional security practices are unable to keep up.

DefenseStorm has made a cyber security software update to our GRID Active Governance Program with new functionalities, further enhancing its capabilities as a powerful cyber risk management solution.  Organizations now can link dashboards to task schedules for scheduling and documenting report reviews.

Technology is advancing at an unprecedented pace, and even the most tech-savvy individuals can find themselves in need of assistance to remain connected and productive. Unfortunately, with the increased demand for tech support comes a rise in fraudulent activity exploiting this important service. Senior citizens are the most vulnerable group because they are more likely to seek help in navigating the complexities of technology.

DefenseStorm’s cyber risk assessment solution has recently been updated with new functionalities, further enhancing its capabilities as a powerful cyber risk management solution with GRID Active Risk Assessment Exceptions.

Keeping up with cyber security alerts is important and Apple just rolled out a new default feature for iPhone and Apple watch that allows nearby users to share contact information with one another. This feature has sparked some concern in online social communities and even prompted law enforcement agencies to release statements and privacy warnings over the last few days due to the concern that people could “drop” information on another user’s phone at random, which seems scary.

GRID Active Fraud Prevention is powered by machine learning and helps financial institutions to proactively detect fraud and monitor suspicious non-monetary activities, complementing rules-based approaches to detect fraudulent activities.