An Illinois man pleaded guilty Monday to eight criminal counts stemming from the three years he spent leading a conspiracy to sell stolen financial information on darknet markets. The man, Michael D. Mihalo, 40, founded a darknet carding site known as Skynet Market.
U.S. authorities revealed the Russian man behind a two-decade span of abetting cybercriminals' theft of credit cards, dismantled his online infrastructure and offered a hefty reward for information leading to his arrest. Prosecutors say the man, Denis Kulkov, ran a service now known as Try2Check.
The cybercrime economy appears to remain alive and well: Compared to last year, researchers report seeing an increase in the number of known ransomware victims as well as initial access listings, which facilitate such attacks. The impact the takedowns of BreachForums and Genesis remains to be seen.
Further punishment of Moscow-based Kaspersky by the Biden administration could be the final nail in the coffin of the company's deeply wounded North American business. The U.S. Commerce Department is weighing enforcement action against the Russian cybersecurity giant under its online security rules.
Warning to criminals: Could that cybercrime service you're about to access really be a sting by law enforcement agents who are waiting to identify and arrest you? That's the message from British law enforcement agents, who say they're running multiple DDoS-for-hire sites as criminal honeypots.
Ukrainian law enforcement busted a transnational group of scammers that used more than 100 phishing websites to defraud Europeans. The scammers embezzled nearly $4.4 million by fooling more than 1,000 victims into handing over payment card details, police said.
Attackers are deploying modified MageCart malware against WordPress websites that use the WooCommerce shopping cart plug-in, says website security firm Sucuri. Hackers inject PHP and JavaScript code and hide stolen credit card numbers in .jpg files.
EMV chip technology has taken a major bite out of credit card fraud at the point of sale, but card-not-present fraud continues to flourish thanks to an age-old technology - the magnetic stripe, says Mark Solomon, international president, International Association of Financial Crimes Investigators.
CISOs have faced a broad and varied set of challenges in recent years. Remote environments, increasingly sophisticated threats and expanding supply chains are just some of the many concerns keeping them up at night.
The LockBit ransomware operation claims to have stolen data from a Texas-based supplier to Elon Musk's SpaceX, which designs, manufactures and launches rockets and spacecraft. It's the latest PR-grabbing attempt by the prolific LockBit extortion group.
Here's further proof many cybercriminals are rampant self-promoters: Credit card market BidenCash, which sells compromised payment card data, dumped 2 million payment cards for free. This shows that competition between carder markets - and increasingly, Telegram-based vendors - is fierce.
A lack of visibility makes it nearly impossible to protect an organization against attack. If you can't see what's lurking in the dark corners of your environment, all you can do is react instead of actively identifying and mitigating risks. But some technologies can help with threat visibility.
Will large language models such as ChatGPT take cybercrime to new heights? Researchers say AI for malicious use so far remains a novelty rather than a useful and reliable cybercrime tool. But as AI capabilities and chatbots improve, the cybersecurity writing is on the wall.
As ransomware continues to disrupt British organizations, the U.K. for the first time has sanctioned alleged cybercriminals, including accused Conti and TrickBot operators. Ransomware victims must conduct due diligence before paying any ransom, as violating sanctions carries severe penalties.
Security director Ian Keller, rants about the insider threat and the massive role leadership plays in changing people's behavior so they don't become one. As Keller says, "The way you treat people is directly reflected in how they treat you and your business."
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