Federal authorities have arrested a 23-year-old Taiwanese national and charged him with running an online market that sold $100 million worth of illicit narcotics, including fentanyl, cocaine, methamphetamine, heroin, LSD, and ketamine.
The authorities said that for almost four years, Rui-Siang Lin operated and owned the Incognito Market, an online marketplace on the dark web that users worldwide visited to buy and sell illegal narcotics. The marketplace facilitated transactions with many of the same features provided by legitimate e-commerce sites, including buyer and user registration, branding, advertising, and customer service.
Read more…
Source: ArsTechnica
Related:
- Police bust global cyber gang accused of industrial-scale fraud
April 18, 2024
Police have taken down a gang accused of using a technology service that helped criminals use fraudulent text messages to steal from victims. They have arrested 37 people worldwide and are contacting victims. Officers say younger people who grew up with the internet were the most likely to fall for the “phishing” scam. The technology allowed ...
- From Ransomware to Pig Butchering, Visa Report Shows Top Scams Impacting Consumers and Businesses Globally
March 20, 2024
Today, Visa released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. The report points to increasingly organized, sophisticated threat actors targeting the most vulnerable point in the payments’ ecosystem: humans. Read more… Source: Yahoo News
- Charlotte Cowles’s $50,000 Scam Article, Anyone Can Become a Victim
February 23, 2024
“You must follow my directions very carefully. We do not have much time.” These are some of the words scammers used to influence and ultimately defraud Charlotte Cowles, a financial columnist at New York Magazine, in an elaborate imposter scam that cost Cowles and her family $50,000. In this one line alone, there are two classic ...
- Banks refund less than 10% of money stolen by cyber scammers – Bank of Russia’s Chief
February 15, 2024
Russian banks manage to refund less than 10% of the money cyber scammers steal from citizens’ accounts, head of the Bank of Russia, Elvira Nabiullina, said at the Cybersecurity in Finance forum. “Of course, we see that the share of refunds to people who were victims of cyber fraud has increased. But the exact figures – ...
- Every tenth Russian faced cybercriminals in 2023 – Bank of Russia
February 7, 2024
Every tenth Russian respondent experienced cybercrime, with losses not exceeding 20,000 rubles (around $220), according to the published results of a survey conducted by the Bank of Russia in 2023. “Last year, there were more people who faced cybercriminals, with every tenth person becoming a victim. Typically, the loss was less than 20,000 rubles. Victims usually ...
- Buying Spying: How the commercial surveillance industry works and what can be done about it
February 6, 2024
Private sector firms have been involved in discovering and selling exploits for many years, but there is a rise in turnkey espionage solutions. Commercial Surveillance Vendors (CSVs) offer pay-to-play tools that bundle an exploit chain designed to get past security measures, along with the spyware and the necessary infrastructure, in order to collect the desired data ...