Archive for month: July, 2014

24 scammers accused of stealing more than £400k in large-scale attack on benefits system

25 Jul
July 25, 2014

A gang of 24 men and women have been accused of stealing more than £400,000 of taxpayers’ money in what has been described as a ‘large-scale, organised attack’ on the benefits system.  Read more →

New malware detected: Cryptowall

15 Jul
July 15, 2014

Fresh reports are coming in to the National Fraud Intelligence Bureau alerting it to a new kind of malware. This latest additions to a fresh new line of viruses has been dubbed “Cryptowall”. It is similar to previous iterations of malware in that it encrypt all files on infected machines a way which is difficult or impossible to remedy. The victim is alerted to the virus via a pop-up screen that tells them they can pay up a set fee (often in Bitcoin) in order to gain access to the encryption key which would supposedly unlock the machine. Normally, however, the key is never returned and the victim would lose his or her files permanently. Read more →

Law enforcement and industry take action against ‘Shylock’ malware

10 Jul
July 10, 2014

Getting its name from the excerpts of Shakespeare’s Merchant of Venice buried within its code, the Shylock Trojan is being used by scammers to steal from victim’s bank accounts. According to reports, the Trojan has infected as many as 30,000 computers running Microsoft Windows worldwide.  Read more →

Phone line hacking costing businesses millions in premium rate calls

07 Jul
July 7, 2014

The UK’s National Fraud Intelligence Bureau (NFIB) is issuing warnings to SMEs all over the country, notifying them of a PBX fraud that is taking the UK by storm. Scammers are hacking into phone lines and using them to execute premium rate calls costing the bill payers thousands.  Read more →