Meta, Starlink and Microsoft team up with the FBI to delete over 1.4 million accounts and seize millions in cryptocurrency related to huge scam networks targeting Americans


Dozens of people have been arrested, and millions of dollars in cryptocurrency seized, in a large-scale, multi-national operation against internet scammers and fraudsters.

On May 18, the US Department of Justice, the FBI, Secret Service, law enforcement agencies in the UK, Australia, Canada, New Zealand, and Thailand, as well as multiple commercial businesses such as Meta, Coinbase and Starlink, participated in the takedown of a scam network in Southeast Asia.

Read more…
Source:  TechRadar News 


Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox


Related:

  • Transnational fraud ring stole millions from US Army members, veterans

    October 3, 2021

    Fredrick Brown, a former U.S. Army contractor, was sentenced today to 151 months in prison after admitting to his role in a conspiracy that targeted thousands of U.S. service members and veterans and caused millions of dollars in losses. Brown was one of five fraudsters charged with carrying out an identify-theft and fraud scheme that targeted ...

  • Coinbase hackers exploit multi-factor flaw to steal from 6,000 customers

    October 2, 2021

    Bad actors were able to infiltrate the accounts of and steal cryptocurrency from around 6,000 Coinbase customers by exploiting a multi-factor authentication flaw, according to Bleeping Computer. The cryptocurrency exchange told the publication that its security team observed a large-scale phishing campaign targeting its users between April and early May 2021. Some users may have ...

  • 3.1M Neiman Marcus Customer Card Details Breached

    October 1, 2021

    Dallas-based Neiman Marcus Group is known worldwide as the go-to luxury retailer for the well-heeled. But their reputation for impeccable quality just took a big hit with revelations that the company was breached by an attacker back in May 2020. It took 17 months for the retailer to notice. Just this week, Neiman Marcus acknowledged the compromise, ...

  • Hydra malware targets customers of Germany’s second largest bank

    October 1, 2021

    The Hydra banking trojan is back to targeting European e-banking platform users, and more specifically, customers of Commerzbank, Germany’s second-largest financial institution. MalwareHunterTeam has spotted the two-year-old malware in a new distribution campaign that targets German users with a malicious APK named ‘Commerzbank Security’ and using the same icon as the official app. Read more… Source: Bleeping Computer  

  • Ransomware gangs are complaining that other crooks are stealing their ransoms

    September 30, 2021

    Cyber criminals using a ransomware-as-a-service scheme have been spotted complaining that the group they rent the malware from could be using a hidden backdoor to grab ransom payments for themselves. REvil is one of the most notorious and most common forms of ransomware around and has been responsible for several major incidents. The group behind REvil ...

  • Credential Harvesting at Scale Without Malware

    September 30, 2021

    While ransomware and ransomware-as-a-service (RaaS) attacks have dominated much of the cybersecurity community’s discussions over the past several months, criminals and hackers continue to compromise corporate, business and personal emails for financial gain. These scams, business email compromise (BEC) and personal email account compromise (EAC), continue to be the most pervasive and costly reported cyberthreats ...