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The Equifax Breach Settlement Offer is Real, For Now

Krebs on Security

Millions of people likely just received an email or snail mail notice saying they’re eligible to claim a class action payment in connection with the 2017 megabreach at consumer credit bureau Equifax. This was capped at 20 total hours at $25 per hour ($500), with total cash reimbursement payments not to exceed $20,000 per consumer.

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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

consumers have their online bank accounts hijacked and plundered by hackers, U.S. A common example of the latter is the Zelle Fraud Scam , which uses an ever-shifting set of come-ons to trick people into transferring money to fraudsters. “That’s money that they’re paying for out of pocket almost entirely for goodwill.

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Confessions of an ID Theft Kingpin, Part I

Krebs on Security

At the height of his cybercriminal career, the hacker known as “ Hieupc ” was earning $125,000 a month running a bustling identity theft service that siphoned consumer dossiers from some of the world’s top data brokers. But I was wrong, and the money I started making very fast just blinded me to a lot of things.”

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How Cybercriminals are Weathering COVID-19

Krebs on Security

One of the more common and perennial cybercriminal schemes is “reshipping fraud,” wherein crooks buy pricey consumer goods online using stolen credit card data and then enlist others to help them collect or resell the merchandise. “Reshipping is way up right now, but there are some complications,” he said.

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GUEST ESSAY: These advanced phishing tactics should put all businesses on high alert

The Last Watchdog

Companies and consumers must be more cautious than ever when using their devices. However, hackers are getting smarter as they develop new money-making methods to exploit businesses. The hackers then send a legitimate-looking, well-crafted, error-free email with a link that wires the money to a separate bank account.

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GUEST ESSAY: An assessment of how ‘Gen-AI’ has begun to transform DevSecOps

The Last Watchdog

DevSecOps teams can test and debug code 70 percent faster with generative AI, which in turn saves businesses money and employee hours. Accelerating automation DevSecOps and cybersecurity teams often encounter repetitive, time-consuming tasks that can lead to inefficiencies and errors when they handle these tasks manually.

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CFPB’s Proposed Data Rules

Schneier on Security

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. Right now, uncountably many data brokers keep tabs on your buying habits. The CFPB’s simple and practical rules would fix this.