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The notorious Russia-based ransomware gang Lockbit 3.0 has claimed responsibility for a cyber-attack on the US Federal Reserve.  The attack, which was announced on 23 June via a post on a site associated with the ransomware gang, allegedly saw the gang infiltrate the systems of the US Federal Reserve and exfiltrate 33 TB of sensitive banking information.

In the post, which was entitled 'federalreserve.gov', the gang explained how the Federal Reserve is structured, and its role in distributing mo

Synthetic ID fraud or SIF has grown in popularity among bad actors over the years, with US companies reporting losses of $20 billion in 2021 compared to $6 billion in 2016. Cybersecurity and fraud experts discuss why this type of fraud has gained traction, how fraudsters use it, mitigation steps, and what we can expect in 2022.   SIF-deploying threat actors use automation and artificial intelligence to evade traditional identity verification solutions, according to synthetic identity fraud solut