Security News
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.
Interpol and cops in Africa have arrested a Nigerian man suspected of running a multi-continent cybercrime ring that specialized in phishing emails targeting businesses. Interpol's African Joint Operation against Cybercrime referred the intelligence to Nigerian police, who were supported by law enforcement in Australia, Canada, and the US. Ultimately Nigerian cops arrested the suspect at Murtala Mohammed International Airport in Lagos.
That's according to Arkose Labs, which claimed in its latest State of Fraud and Account Security report that one in four online accounts created in Q1 2022 were fake and used for fraud, scams, and the like. In total, 93 percent of all attacks against Arkose Labs' customers were bot-driven, it's claimed; data scraping increased by 250 percent while four percent of all logins in Q1 were credential-stuffing attempts.
Another member of notorious cybercrime ring FIN7 is headed to jail after the gang breached major companies' networks across the US and stole more than $1 billion from these businesses' customers. Ukrainian-born Denys Iarmak, 32, who worked as a penetration tester for the criminal group, was sentenced to five years in prison for his affiliation with FIN7.
British cops investigating a cyber-crime group have made a string of arrests. In a statement, the force said: "Seven people between the ages of 16 and 21 have been arrested in connection with an investigation into a hacking group. They have all been released under investigation. Our inquiries remain ongoing."
Business email compromise/email account compromise scams still have the highest financial toll on victims, but investment fraud has also lead to massive losses last year, FBI's 2021 Internet Crime Report has revealed. The?2021 Internet Crime Report is based on information from 847,376 complaints about internet-enabled crimes the FBI's Internet Crime Complaint Center has received in 2021 from individuals and entities across the globe.
Millions of Americans fall victim to identity theft and fraud each year, resulting in billions of dollars in losses. "In today's digitally connected world, cyber fraud and identity theft have become the ultimate crimes of opportunity: as quickly as vulnerabilities are detected and protected against, new ones emerge. Yet, few resources exist to help Americans, experts and the news media understand digital fraud and the latest attacks," says Emily Snell, President of Allstate Identity Protection.
As the number of ransomware attacks continue to rise, Blackberry has found as a part of its annual threat report that there may be a shared economy amongst cyber criminals that is growing. "This infrastructure has also incubated a criminal shared economy, with threat groups sharing and outsourcing malware allowing for attacks to happen at scale. In fact, some of the biggest cyber incidents of 2021 look to have been the result of this outsourcing."