Security News

This is part one of a two-part series on how hackers stole $2 million in cryptocurrency. There is one strong commonality with all these incidents and attacks: The hackers want the funds in cryptocurrency.

A diverse range of cybercrime offerings caters to anyone with sufficient cryptocurrency: from access brokers who sell pilfered credentials for compromised accounts, to bullet proof hosting providers that can deliver reliable and anonymous infrastructure to conduct offensive criminal cyber operations. The discerning cybercrime operator in 2021 can build customized toolchains out of composable microservices and off-the-shelf solutions, tailoring attacks, and repurposing compromises for a variety of criminal endeavours.

Year-over-year, ransomware spiked more than tenfold in the first half of 2021, researchers report. According to Fortinet's latest semiannual FortiGuard Labs Global Threat Landscape Report, released on Monday, the telecommunications sector was the most heavily targeted, followed by government, managed security service providers, automotive, and manufacturing sectors.

A financially motivated cybercrime gang has breached and backdoored the network of a US financial organization with a new malware known dubbed Sardonic by Bitdefender researchers who first spotted it. Sardonic is a new C++-based backdoor the FIN8 threat actors deployed on targets' systems likely via social engineering or spear-phishing, two of the group's favorite attack methods.

A Nigerian threat actor has been observed attempting to recruit employees by offering them to pay $1 million in bitcoins to deploy Black Kingdom ransomware on companies' networks as part of an insider threat scheme. "The sender tells the employee that if they're able to deploy ransomware on a company computer or Windows server, then they would be paid $1 million in bitcoin, or 40% of the presumed $2.5 million ransom," Abnormal Security said in a report published Thursday.

A Nigerian threat actor has been observed attempting to recruit employees by offering them to pay $1 million in bitcoins to deploy Black Kingdom ransomware on companies' networks as part of an insider threat scheme. "The sender tells the employee that if they're able to deploy ransomware on a company computer or Windows server, then they would be paid $1 million in bitcoin, or 40% of the presumed $2.5 million ransom," Abnormal Security said in a report published Thursday.

ShinyHunters, a notorious cybercriminal underground group that's been on a data breach spree since last year, has been observed searching companies' GitHub repository source code for vulnerabilities that can be abused to stage larger scale attacks, an analysis of the hackers' modus operandi has revealed. "As Pokémon players hunt and collect"shiny" characters in the game, ShinyHunters collects and resells user data.

ShinyHunters, a notorious cybercriminal underground group that's been on a data breach spree since last year, has been observed searching companies' GitHub repository source code for vulnerabilities that can be abused to stage larger scale attacks, an analysis of the hackers' modus operandi has revealed. "As Pokémon players hunt and collect"shiny" characters in the game, ShinyHunters collects and resells user data.

Russia has put forward a draft convention to the United Nations ostensibly to fight cyber-crime. The proposal, titled "United Nations Convention on Countering the Use of Information and Communications Technologies for Criminal Purposes," [PDF] calls for member states to develop domestic laws to punish a far broader set of offenses than current international rules recognize.

Menlo shared the news along with its discovery of an HTML smuggling campaign it named ISOMorph, which uses the same technique the SolarWinds attackers used in their most recent spearphishing campaign. The ISOMorph attack uses HTML smuggling to drop its first stage on a victim's computer.