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Criminals Launder Coronavirus Relief Money, Exploit Victims Through Popular Apps
steven36 posted a topic in Security & Privacy News
Criminals are using popular money transfer apps, including Cash App, Venmo, Zelle and PayPal, to launder illegally obtained funds from Covid-19 relief programs. Local law enforcement officials say criminals also target users of the apps desperate for cash due to the pandemic. The Secret Service has 700 pending investigations related to the Paycheck Protection Program and the Pandemic Unemployment Assistance program. Criminals are laundering illegally obtained funds meant for Covid-19 relief through the most popular apps for legally sending and receiving mo-
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Criminals Are Tapping into the Phone Network Backbone to Empty Bank Accounts
steven36 posted a topic in Security & Privacy News
Motherboard has identified a specific UK bank that has fallen victim to so-called SS7 attacks, and sources say the issue is wider than previously reported. Sophisticated hackers have long exploited flaws in SS7, a protocol used by telecom companies to coordinate how they route texts and calls around the world. Those who exploit SS7 can potentially track phones across the other side of the planet, and intercept text messages and phone calls without hacking the phone itself. This activity was typically only within reach of intelligence agencies or surveillance