Science and Technology

[Fox News] Despite FBI takedown, infamous Raccoon Stealer malware returns

In the world of digital wrongdoing, it seems some cyber pests never really go extinct. Remember Raccoon Stealer? If you don’t, it is a malware strain, and you might want to brace yourself. It’s back, it’s bolder and it’s up to no good – again.

Picture this: A malware so astute it pilfers data from a whopping 60 applications. We’re talking login details, credit card numbers, those treasured browser histories you thought were safe and even the ever-popular cryptocurrency accounts. 

Now, what if I told you that this notorious service was available to any aspiring hacker for a mere $200 subscription a month? It’s the Netflix of cybercrime, except you get stolen credentials instead of shows. Here’s how it works. 

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Targeted applications: By targeting up to 60 distinct apps, Raccoon Stealer doesn’t just rely on broad strokes. It has an extensive and specific hit list, meticulously programmed to dive deep into popular applications where you often store or autofill your most sensitive information.

Credential harvesting: This isn’t your ordinary phishing scheme. Raccoon Stealer employs advanced techniques to sneakily extract login details. By tapping into stored credentials within browsers and other vulnerable apps, it ensures that the stolen data is legitimate and current.

Financial data looting: Credit card numbers aren’t just lying around. But when you save them on e-commerce sites or payment apps for convenience, Raccoon is on the prowl. With sophisticated algorithms, it identifies and captures these numbers, complete with their expiration dates and CVVs.

Browser history insight: By examining browser histories, Raccoon Stealer can understand your behavior, interests, frequented sites and even potential vulnerabilities. It’s like handing over a diary of your digital life.

Cryptocurrency coup: Given the rise in cryptocurrency popularity and value, many of you store your digital wallet details on apps or browsers. Raccoon Stealer identifies these details, potentially giving hackers access to your virtual fortune.

MORE: TOP IDENTITY THEFT SCAMS TO AVOID

However, every story has its drama. And Raccoon’s tale is no exception. In 2022, the digital world breathed a sigh of relief. The leading developer, Mark Sokolovsky, was arrested in the picturesque Netherlands. 

In tandem with law enforcement from Italy and the Netherlands, the FBI orchestrated a takedown of Raccoon’s digital infrastructure. 

Not only was Sokolovsky nabbed, but the FBI also began to unravel the magnitude of Raccoon’s operations. More than 50 million unique credentials – encompassing emails, bank details and cryptocurrency addresses – were unearthed, painting a picture of the malware’s vast reach.

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To help potential victims, the FBI launched raccoon.ic3.gov. Here, users could verify if their email was among the compromised data. Matches triggered an email alert from the FBI, guiding victims on their next steps.

Here’s the twist: The recent chatter in the cyber underground suggests our sneaky little Raccoon wasn’t really down for the count. Boasting a rejuvenated 2.3.0 version, this malware seems like it’s had a few cups of coffee, reenergized and equipped with features you’d think were straight out of a sci-fi movie.

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With its latest update, Raccoon 2.3.0 emerges as a more formidable threat, boasting heightened stealth and an amplified malicious intent. Here’s how: 

Rapid retrieval with quick search: Gone are the days of manually sifting through stacks of stolen data. With the new quick search tool on the Raccoon Stealer dashboard, cybercriminals can now pinpoint specific stolen data swiftly. Whether they’re after credentials, documents or any pilfered data, this feature ensures a faster retrieval from expansive datasets.

Countering security bots: Raccoon Stealer has upped its game in terms of stealth. The malware now detects suspicious activities that might hint at security-assisting bots. How does it react? If it spots multiple access events from the same IP, it doesn’t just get suspicious; it deletes the records in question and promptly updates all its client pads, ensuring no trace remains.

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Have strong passwords: Using the same password across multiple platforms will always make you more vulnerable because if one account gets hacked, they all get hacked. Make sure to use a password manager to keep track of all your passwords. Instead of relying on a single password which, if stolen, can expose you.

Use 2-factor authentication: Implementing two-factor authentication is just an extra shield that will prevent a hacker from getting into your accounts.

Have good antivirus software on all your devices: The best way to protect yourself from malware like this is to have antivirus protection installed on all your devices. Having antivirus software on your devices will make sure you are stopped from clicking on any potential malicious links which may install malware on your devices, allowing hackers to gain access to your personal information. 

See my expert review of the best antivirus protection for your Windows, Mac, Android & iOS devices by heading to Cyberguy.com/LockUpYourTech. 

When in doubt: Picture this: a dimly lit alleyway with a sign that says “Free Gold Here!” Sounds suspicious? That’s the online equivalent of dubious websites offering tantalizing downloads. Even if they lure you in with promises from seemingly legitimate sources (like Google Ads or seemingly authentic YouTube videos), always be skeptical. Check the website’s credentials, look for secure connection indicators (like the padlock symbol), and if in doubt, steer clear.

Use identify theft protection: Identity theft protection companies can monitor personal information like your home title, Social Security Number (SSN), phone number and email address and alert you if it is being sold on the dark web or being used to open an account. They can also assist you in freezing your bank and credit card accounts to prevent further unauthorized use by criminals. See my tips and best picks on how to protect yourself from identity theft by heading to CyberGuy.com/IdentityTheft.

Create alias email addresses: Sometimes, it’s best to create various email aliases so that you don’t have to worry about all your info getting taken in a data breach. An email alias address is a great way for you to stop receiving constant spam mail by simply deleting the email alias address. To find out more about upgrading the security of your email, head over to CyberGuy.com/Mail.

And if the Raccoon has already rummaged through your digital trash?

Scan your device: Think of it as a digital health checkup. Use a trusted antivirus as I mentioned above to run a comprehensive scan to detect and remove any lingering traces of malware. Don’t just stop there. Schedule regular checks to ensure your device stays in top health.

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Alert financial institutions: Just as you’d report a missing credit card, if you believe your info might’ve fallen into the wrong hands, it’s crucial to inform your banks and credit card companies. They can monitor for suspicious activities or temporarily freeze your accounts to prevent unauthorized access.

Stay updated: It might be tempting to hit “remind me tomorrow” on those software updates, but those patches often address known vulnerabilities. Cybercriminals are always on the hunt for out-of-date software. By staying updated, you’re essentially closing the doors they’re looking to sneak in through.

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The digital realm is a mesmerizing blend of innovation, opportunities and, unfortunately, nefarious activities. With its revamped tactics, Raccoon Stealer underscores a vital truth: cybersecurity isn’t a one-off task. It’s an ever-evolving challenge, demanding constant vigilance and updates. As tech advances, so do cybercriminal tactics. Yet, every time we read about these threats, it reinforces our collective determination to bolster our defenses.

Here’s a thought for all of us: How prepared are we for this ever-changing digital landscape? And here’s a nudge for you: Drop your thoughts below. Do you feel you’re adequately equipped to handle such threats? Or you’ve got a story or tip to share from your experiences. 

For more of my tech tips & security alerts, subscribe to my free CyberGuy Report Newsletter by heading to Cyberguy.com/Newsletter.

Copyright 2023 CyberGuy.com. All rights reserved.

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Business

[Fox Business] Personal loan interest rates edge up

Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3- and 5-year loans compared to the previous seven days.

For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between August 14 and August 21:

Personal loans have become a popular way to consolidate and pay off credit card debt and other loans. They can also be used to cover unexpected expenses like medical bills, take care of a major purchase or fund home improvement projects.

Personal loan interest rates rose over the last seven days for 3-year loans and 5-year loans. Rates for 3-year loans saw a slight increase of 0.15 percentage points, while 5-year loans edged up by a less significant 0.07 percentage points. Interest rates for both loan terms remain significantly higher than they were this time last year. Still, borrowers can take advantage of interest savings with a 3- or 5-year personal loan right now. Both loan terms offer interest rates that are much lower than higher-cost borrowing options such as credit cards. 

Whether a personal loan is right for you often depends on multiple factors, including what rate you can qualify for. Comparing multiple lenders and their rates could help ensure you get the best possible personal loan for your needs. 

It’s always a good idea to comparison shop on sites like Credible to understand how much you qualify for and choose the best option for you.

Here are the latest trends in personal loan interest rates from the Credible marketplace, updated weekly.

The chart above shows average prequalified rates for borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender. 

For the month of July 2023:

Rates on personal loans vary considerably by credit score and loan term. If you’re curious about what kind of personal loan rates you may qualify for, you can use an online tool like Credible to compare options from different private lenders. 

All Credible marketplace lenders offer fixed-rate loans at competitive rates. Because lenders use different methods to evaluate borrowers, it’s a good idea to request personal loan rates from multiple lenders so you can compare your options.

In July, the average prequalified rate selected by borrowers was: 

Depending on factors such as your credit score, which type of personal loan you’re seeking and the loan repayment term, the interest rate can differ. 

As shown in the chart above, a good credit score can mean a lower interest rate, and rates tend to be higher on loans with fixed interest rates and longer repayment terms. 

Many factors influence the interest rate a lender might offer you on a personal loan. But you can take some steps to boost your chances of getting a lower interest rate. Here are some tactics to try.

Generally, people with higher credit scores qualify for lower interest rates. Steps that can help you improve your credit score over time include:

Personal loan repayment terms can vary from one to several years. Generally, shorter terms come with lower interest rates, since the lender’s money is at risk for a shorter period of time.

If your financial situation allows, applying for a shorter term could help you score a lower interest rate. Keep in mind the shorter term doesn’t just benefit the lender – by choosing a shorter repayment term, you’ll pay less interest over the life of the loan.

You may be familiar with the concept of a cosigner if you have student loans. If your credit isn’t good enough to qualify for the best personal loan interest rates, finding a cosigner with good credit could help you secure a lower interest rate.

Just remember, if you default on the loan, your cosigner will be on the hook to repay it. And cosigning for a loan could also affect their credit score.

Before applying for a personal loan, it’s a good idea to shop around and compare offers from several different lenders to get the lowest rates. Online lenders typically offer the most competitive rates – and can be quicker to disburse your loan than a brick-and-mortar establishment. 

But don’t worry, comparing rates and terms doesn’t have to be a time-consuming process.

Credible makes it easy. Just enter how much you want to borrow and you’ll be able to compare multiple lenders to choose the one that makes the most sense for you.

Credible is a multi-lender marketplace that empowers consumers to discover financial products that are the best fit for their unique circumstances. Credible’s integrations with leading lenders and credit bureaus allow consumers to quickly compare accurate, personalized loan options – without putting their personal information at risk or affecting their credit score. The Credible marketplace provides an unrivaled customer experience, as reflected by over 4,500 positive Trustpilot reviews and a TrustScore of 4.7/5.

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Business

[Fox Business] New York, California each lost $1T in assets as financial firms fled south

The steady exodus of Wall Street banks and big tech firms from California and New York over the past several years has cost the states nearly $1 trillion apiece in managed assets, according to a new analysis by Bloomberg News.

The departure of companies like Elliott Management, AllianceBernstein and Charles Schwab has drained the two states of thousands of high-paying jobs, further burdening city and state finances by sapping tax revenue. 

Commercial property markets have also buckled under the weight of the sudden exit of the finance industry, at the same time they are struggling to find new tenants amid the surge in remote work. 

‘GREAT MIGRATION’ CONTINUES AS MORE AMERICANS FLEE TO FLORIDA, TEXAS

Bloomberg conducted the analysis by going through the corporate filings from more than 17,000 firms since the end of 2019. 

The moves out of major metros like Los Angeles, San Francisco and New York City were often borne out of the desire for lower taxes and warmer weather.

From the start of 2020 through the end of March 2023, more than 370 investment companies – managing about $2.7 trillion in assets – moved their headquarters to a new state, according to Bloomberg. The overwhelming majority of the migration was from high-tax states in the Northeast and on the West Coast and into lower-tax states like Florida and Texas, which boast no income tax. 

Florida was the top destination for companies that left New York, with the Sunshine State drawing the likes of Icahn Capital Management and AKR Investment Management. Texas, meanwhile, has shown to be the top destination for companies leaving California. 

Not only businesses are leaving California and New York: A growing number of Americans are also migrating to places like Florida and Texas, according to a Bank of America analyst note that is based on aggregated and anonymous internal customer data.

“We constructed near real-time estimates of domestic migration flows and found that pandemic migration trends are not reversing,” the analysis said. Since the first quarter of 2023, the data “suggests that cities that saw a large influx of people during the pandemic have still been growing faster than other cities in recent quarters.”

The analyst note found that San Francisco experienced a big drop in population at the start of the year, with a more than 1% drop in the first quarter of 2023 and a more than 3% decline from 2020 to 2022.

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The city has been plagued by a spike in property-related crime, according to the California Department of Justice’s Criminal Justice Statistics Center.

New York City also posted a big population decline, losing about 1% of its population in early 2023 and 3% in the prior two years.

“This population shift paints a clear picture,” said Janelle Fritts, a policy analyst at the nonpartisan Tax Foundation. “People left high-tax, high-cost states for lower-tax, lower-cost alternatives.”

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