Owe Martin Andresen, the suspected main administrator of Dream Market, one of the largest illicit darknet marketplaces before its 2019 shutdown, has been indicted for an alleged scheme to launder funds from Dream Market’s administrator accounts. Andresen was arrested last week in Germany on parallel charges brought by the German government.
“Andresen allegedly channeled commissions earned from selling illegal drugs, stolen personally identifiable information, counterfeit identification documents, and other items through cryptocurrency wallets and even converted his ill-gotten gains into gold bars,” said U.S. Attorney Theodore S. Hertzberg. “Thanks to the close coordination between federal and German law enforcement, Andresen and his co-conspirators will no longer profit from the online sales of narcotics and fraud services, and Andresen will be prosecuted in both Germany and the United States as a result of his actions.”
Read more…
Source: U.S. Drug Enforcement Administration
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- Bangladesh restores mobile internet after 11-day blackout to quell protests
July 28, 2024
Bangladesh has restored mobile internet, 11 days after a nationwide blackout was imposed to contain deadly protests over quotas in government jobs. The South Asian nation’s 4G mobile internet services resumed on Sunday, hours after Zunaid Ahmed Palak, the state minister for telecommunications and information communication technology, made the announcement. Read more… Source: AL Jazeera News Sign up for ...
- UK teen arrested for alleged role in MGM Resorts cyberattack
July 21, 2024
A 17-year-old boy from Walsall has been arrested in connection with the September 2023 cyberattack that crippled MGM Resorts for several days. The West Midlands Police, working alongside the FBI and the National Crime Agency (NCA), apprehended the teenager on Thursday, 18th July, on suspicion of violating the UK’s Computer Misuse Act and blackmail offenses. Authorities ...
- Student who created malware worth £45k while living with parents is jailed
July 17, 2024
A university student who created malware targeting government websites while living with his parents has been jailed. Amar Tagore, 21, a third year university student, offered buyers malware (malicious software) to disrupt corporate and state-run websites, while living with his parents in Alexandria, West Dunbartonshire. He supplied a tool used by hundreds of online customers to ...
- Cybercrime groups restructuring after major takedowns
July 6, 2024
Cybercrime gangs are looking to rebuild with new tactics after global police operations this year made a huge dent in their activities, experts have told AFP. The gangs have had a bad year so far, with law enforcement operations taking out some of prominent groups including LockBit, a loose network of largely Russian-speaking cyber criminals. LockBit ...
- Cyber extortion sees huge rise – and small businesses are four times more likely to be hit
July 4, 2024
Cyber extortion remains the most prominent threat facing businesses of all sizes across all industries, a new report from Orange Cyberdefense has found. The 2024 Cy-Explorer report worryingly uncovered that the number of victims of cyber extortion scams has grown by 77% year on year. In Q1 of 2024 alone, there were 1,046 organizations that were ...
- Europol coordinates global action against criminal abuse of Cobalt Strike
July 3, 2024
Law enforcement has teamed up with the private sector to fight against the abuse of a legitimate security tool by criminals who were using it to infiltrate victims’ IT systems. Older, unlicensed versions of the Cobalt Strike red teaming tool were targeted during a week of action coordinated from Europol’s headquarters between 24 and 28 June. ...