A Bulgarian woman extradited to the United States for her role in a $4 billion crypto pyramid scheme adds to a growing list of law enforcement actions against perpetrators of the OneCoin Ponzi scheme. OneCoin generated $4 billion in fraudulent revenue and earned profits of close to $3 billion.
Days after federal agents arrested the alleged administrator of criminal underground forum BreachForums, the new admin who took over announced that he is shutting down the site. User "Baphomet" said he spotted a suspicious server logon early Sunday afternoon.
Europe's cybersecurity agency predicts hackers will take advantage of the growing overlap between information and operational technologies in the transport sector and disrupt OT processes in a targeted attack. Ransomware will become a tool wielded for political and financial motivations, says ENISA.
Bitcoin ATM manufacturer General Bytes suspended its cloud services supporting more than 15,000 machines after a hacker exploited a vulnerability in its software to steal user passwords and private keys and made off with cryptocurrency worth millions of dollars.
Russia's invasion of Ukraine in 2022 threw Russia's cybercrime ecosystem into a state of upheaval that still exists to this day. "We identified disruptions to literally every single form of commodified cybercrime," said Alexander Leslie, associate threat intelligence analyst at Recorded Future.
Criminal hackers are targeting South Koreans with an Android Trojan that dupes victims into handing over payment card data by faking phone conversations with lenders. Developers are using "several unique evasions that we had not previously seen in the wild," Check Point researchers write.
Last year was another bonanza in zero-days for Chinese state hackers, say security researchers in a report predicting a permanent uptick in nation-state exploitation of yet-unpatched vulnerabilities. "Attackers seek stealth and ease of exploitation," writes cybersecurity firm Mandiant.
The traditional detect-and-respond approach to security that so many organizations rely on is failing to meet the demands of modern work, leaving the door wide open for increasingly successful attacks — especially ransomware.
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Hitachi Energy joined the ranks of victims hit by the Clop ransomware group, which has exploited a zero-day vulnerability in Fortra's widely used managed file transfer software, GoAnywhere MFT. Clop claimed responsibility for the hack, which compromised networks used by 130 different organizations.
Federal agents arrested the alleged administrator of the criminal underground forum BreachForums, tracing him to a small town in New York's Hudson Valley. FBI agents say Conor Brian Fitzpatrick, a resident of Peekskill, confessed to being "Pompompurin."
TikTok says the Biden administration has demanded that the company's Chinese owners divest their stake in the company or risk seeing the app get banned in America. The U.S., Canada, EU, U.K. and New Zealand have all banned the use of TikTok on government devices, citing national security concerns.
In the latest weekly update, ISMG editors discuss how the Silicon Valley Bank crash will affect innovation in the cybersecurity space, why the SEC fined cloud provider Blackbaud $3 million for its "erroneous" breach details, and why the feds fined a web hosting firm in a kids' insurance site hack.
A financially motivated hacking group has been exploiting a now-patched zero-day vulnerability in the Windows operating system to deliver ransomware. Google Threat Analysis Group attributed the campaign to Magniber ransomware group. Microsoft issued a patch in its March dump of fixes.
In this week's data breach roundup: medical device manufacturer Zoll, CHU University hospitals, Australian company Latitude Financial, Hawaiian death registry, Los Angeles Housing Authority, Indian Railway ticketing app, updates on U.S. Marshals Service and Congress, and a new ransomware decryptor!
Federal regulators initiated a probe of social media after accusing firms such as Facebook of presiding over a surge in advertising fraud including ads for sham healthcare products. Sham ads "can pose real dangers," including by spreading health disinformation, said Commissioner Rebecca Slaughter.