![]() Overall these three banks reported repaying customers in only 3,473 cases (representing nearly 10% of scam claims) and repaid only $2.9 million.” “In the vast majority of these cases, the banks did not repay the customers that reported being scammed. ![]() “Overall, the three banks that provided complete data sets reported 35,848 cases of scams, involving over $25.9 million of payments in 2021 and the first half of 2022,” the report summarized. But Warren did get the requested information from PNC, Truist and U.S. Warren said several of the EWS owner banks - including Capital One, JPMorgan and Wells Fargo - failed to provide all of the requested data. Zelle is enabled by default for customers at over 1,000 different financial institutions, even if a great many customers still don’t know it’s there. Zelle is run by Early Warning Services LLC (EWS), a private financial services company which is jointly owned by Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Elizabeth Warren (D-Mass.), who in April 2022 opened an investigation into fraud tied to Zelle, the “peer-to-peer” digital payment service used by many financial institutions that allows customers to quickly send cash to friends and family. The findings came in a report released by Sen. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. consumers have their online bank accounts hijacked and plundered by hackers, U.S. Indeed, Satnam Narang, senior staff research engineer at Tenable, notes that almost half of the security flaws Microsoft patched this week are elevation of privilege bugs. Attackers will seek to gain SYSTEM or domain-level access in order to disable security tools, grab credentials with tools like Mimkatz and move laterally across the network. Privilege escalation vulnerabilities are a common occurrence in almost every security compromise. “This specific vulnerability is a local privilege escalation, which means that an attacker would already need to have code execution on a host to use this exploit. “Despite its relatively low score in comparison to other vulnerabilities patched today, this one should be at the top of everyone’s list to quickly patch,” said Kevin Breen, director of cyber threat research at Immersive Labs. Microsoft says the flaw is being actively exploited, and that it was reported by an anonymous individual. The new zero-day flaw– CVE-2022-41033 - is an “elevation of privilege” bug in the Windows COM+ event service, which provides system notifications when users logon or logoff. However, noticeably absent from this month’s Patch Tuesday are any updates to address a pair of zero-day flaws being exploited this past month in Microsoft Exchange Server. Microsoft today released updates to fix at least 85 security holes in its Windows operating systems and related software, including a new zero-day vulnerability in all supported versions of Windows that is being actively exploited.
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