Ransomware gang targets Russian businesses in rare coordinated attacks

Security firm Group-IB says it identified a new cybercrime group that, for the past six months, has repeatedly and intentionally targeted Russian businesses with malware and ransomware attacks. Named OldGremlin, Group-IB says the hackers are behind targeted attacks with a Read More …

CEO of cyber fraud startup NS8 arrested for defrauding investors in $123m scheme

The chief executive of cyber fraud prevention company NS8 has been arrested and charged for defrauding the firm’s own investors. Adam Rogas was arrested in Las Vegas, Nevada, the US Department of Justice (DoJ) and US Securities and Exchange Commission Read More …

Commodified Cybercrime Infrastructure – Exploring the Underground Services Market for Cybercriminals

Beyond standard underground offerings such as malware and exploit kits, cybercriminals also value having a stable hosting infrastructure that underpins all their activities. Such an infrastructure could host malicious content and the necessary components for controlling their operations (e.g., bulletproof Read More …

Elon Musk confirmed Russian’s plans to extort Tesla

The FBI thwarted the plans of 27-year-old Russian national Egor Igorevich Kriuchkov to recruit an insider within Tesla’s Nevada Gigafactory, persuade him to plant malware on the company’s network, and then ransom Tesla under threat that he would leak data Read More …

Ukraine arrests gang who ran 20 crypto-exchanges and laundered money for ransomware gangs

Law enforcement in Ukraine has announced today the arrest of a cybercrime gang who ran 20 cryptocurrency exchanges where they laundered more than $42 million in funds for criminal groups. The group, which authorities said had three members, has been Read More …

Online crime in Africa a bigger threat than ever before, INTERPOL report warns

Despite lower online connectivity, organized crime groups are using online tools for a range of illicit activities A new INTERPOL report on online organized crime in Africa shows how digitalization is transforming almost every major crime area across the continent. Read More …

Water Nue Phishing Campaign Targets C-Suite’s Office 365 Accounts

A series of ongoing business email compromise (BEC) campaigns that uses spear-phishing schemes on Office 365 accounts has been seen targeting business executives of over 1,000 companies across the world since March 2020. The recent campaigns target senior positions in Read More …

INTERPOL report shows alarming rate of cyberattacks during COVID-19

An INTERPOL assessment of the impact of COVID-19 on cybercrime has shown a significant target shift from individuals and small businesses to major corporations, governments and critical infrastructure. With organizations and businesses rapidly deploying remote systems and networks to support Read More …

FBI sees surge in online shopping scams, FTC says most reports ever

The U.S. Federal Bureau of Investigation (FBI) today warned of an increased number of reports coming from victims of online shopping scams. The public service announcement, published on the agency’s Internet Crime Complaint Center (IC3), says that the scam victims Read More …