Every country’s cybercriminal underground market has distinct characteristics, and with 500 million national mobile Internet users and the number continuously rising, the Chinese underground market is awash with cyber crooks buying and selling services and devices aimed at taking advantage of them.
Mere days after Mt. Gox filed for bankruptcy, "Bitcoin bank" Flexcoin and Bitcoin exchange Poloniex have announced that they have been successfully targeted by thieves.
Malware peddlers employing a new Zeus banking Trojan variant have resorted to hiding the malware's configuration file into innocuous-looking sunset and cat photos, warns Trend Micro.
Ransomware is one of the most effective means for cyber crooks to "earn" themselves huge sums of money with practically no effort, which explains its popularity with that particular crowd.
The Neiman Marcus breach is not as bad as previously believed, as the number of potentially affected cards dropped from 1.1 million to approximately 350,000.
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