Ransomware gang targets Belgian municipality, hits police instead

The Ragnar Locker ransomware gang has published stolen data from what they thought was the municipality of Zwijndrecht, but turned out to be stolen from Zwijndrecht police, a local police unit in Antwerp, Belgium. The leaked data reportedly exposed thousands Read More …

Cyber-enabled financial crime: USD 130 million intercepted in global INTERPOL police operation

LYON, France – An INTERPOL police operation to tackle online fraud has seen almost 1000 suspects arrested and the seizure of USD 129,975,440 worth of virtual assets. Fraud investigators around the world worked together over five months (28 June – Read More …

Estonian duo accused of $575m cryptocurrency scam

Police in Estonia have arrested two men suspected of running a $575m (£485m) cryptocurrency scam involving hundreds of thousands of victims. Estonian police investigated the case with the FBI, and US authorities want to extradite the pair – Estonians Sergei Read More …

Australia: Government considers making cyber ransom payments illegal after Medibank hack

It could soon be illegal for companies that fall victim to data breaches to pay ransoms to the hackers. The home affairs minister, Clare O’Neil, confirmed the government was examining whether new laws were needed to stop ransom payments in Read More …

The benefits of taking an intent-based approach to detecting Business Email Compromise 

Business email compromise (BEC) is one of the most financially damaging online crimes. As per the internet crime 221 report, the total loss in 2021 due to BEC is around 2.4 billion dollars. Since 2013, BEC has resulted in a Read More …

BEC attacks: Most victims aren’t using multi-factor authentication – apply it now and stay safe

There has been a big rise in Business Email Compromise (BEC) attacks – and most victims work at organisations which weren’t using multi-factor authentication (MFA) to secure their accounts. BEC attacks are one of the most lucrative forms of cyber Read More …