Security News
The International Criminal Police Organization, also called the Interpol, has announced the arrests of 75 individuals as part of a coordinated global operation against an organized cybercrime syndicate called Black Axe. "'Black Axe' and other West African organized crime groups have developed transnational networks, defrauding victims of millions while channeling their profits into lavish lifestyles and other criminal activities, from drug trafficking to sexual exploitation," the agency said.
For the report, the ITRC surveyed victims who contacted the ITRC and victims who did not. According to the responses, the number of repeat identity crime victims dropped year-over-year among victims.
In this Help Net Security video, James E. Lee, Chief Operating Officer of the Identity Theft Resource Center, discusses the 2021 Trends in Identity Report, which looks at the trends in identity based on information from the victims that contact the ITRC. For the report, researchers looked at the wide range of identity crimes committed against people as reported by the victims of the crimes. In 2021, the ITRC received its highest number of contacts in its history, with Google Voice being the most reported identity-related scam.
The Identity Theft Resource Center has published a report that looks at the identity crimes committed against individuals as reported by the victims of those crimes. In 2021, the ITRC received the highest number of contacts in its history about identity crimes and requests for assistance to prevent identity misuse.
A Minnesota computer store suing its crime insurance provider has had its case dismissed, with the courts saying it was a clear instance of social engineering, a crime for which the insurer was only liable to cover a fraction of total losses. Travelers, which filed a motion to dismiss, said SJ's policy clearly delineated between computer fraud and social engineering fraud.
In this Help Net Security video, Charl van der Walt, Head of Security Research, Orange Cyberdefense, discusses whether criminalizing ransomware payments could quell the current crime wave by...
According to the US state's Department of Financial Services on Monday, Robinhood Crypto didn't hire sufficient staff and didn't invest in other resources for its anti-money-laundering and cybersecurity compliance programs. "As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance - a failure that resulted in significant violations of the Department's anti-money laundering and cybersecurity regulations," New York's Superintendent of Financial Services Adrienne Harris said.
An ambitious project spearheaded by the World Economic Forum is working to develop a map of the cybercrime ecosystem using open source information. Instead of only looking at highly technical indicators of compromise, the researchers are also relying on publicly available sources of information: social media accounts, which can reveal who in the criminal world is "Friends" with whom, as well as public information including indictments and other court documents as well as published blogs and analysis of various crime rings.
Due to SaaS, in 2021 the number of cybercriminals in one scam gang increased 10 times compared to 2020 and now reaches 100. In 2021, scams were the most common type of cybercrime.
Interpol has announced the arrest of three Nigerian men in Lagos, who are suspected of using remote access trojans to reroute financial transactions and steal account credentials. Interpol did not disclose how much money the gang was able to steal from the victimized organizations.