Security News
Researchers have trawled the dark web to see how the underground is responding to the COVID-19 pandemic. Researchers from Trustwave have found that the underground mirrors the overground - some people seek to make money from the crisis, others ignore it, and still others offer genuine help, information and advice to forum members.
A 29-year-old Russian rapper who loved to do what rappers do - as in, post photos of himself on social media as he made kissy-kissy with wads of cash or swigged pricey champagne - will be appearing in court in Pennsylvania this week to face charges of money laundering for cybercrooks. His name is Maksim Boiko, also known as Maxim Boyko, "Gangass", or the rapper Plinofficial.
Twenty-four individuals were arrested for laundering funds illegally obtained via business email compromise, romance, and retirement account scams targeting victims across the United States. The large-scale fraud operation facilitated by the arrested individuals has caused losses of more than $30 million, the Department of Justice has revealed.
Two Chinese nationals have been indicted by the U.S. Justice Department for allegedly laundering $100 million in cryptocurrency stolen from exchanges by North Korean hackers in 2018, according to a federal indictment unsealed Monday. The North Korean-linked group also apparently has been involved in numerous banking thefts, including the 2016 Bangladesh Bank heist, and it has recently begun targeting cryptocurrency exchanges to help illegally fund the government, U.S. authorities say.
Two Chinese nationals have been charged by the US Department of Justice and sanctioned by the US Treasury for allegedly laundering $100 million worth of virtual currency using prepaid Apple iTunes gift cards. According to a newly unsealed court document, the illicit funds originated from a $250 million haul stolen from two different unnamed cryptocurrency exchanges that were perpetrated by Lazarus Group, a cybercrime group with ties with the North Korean government.
Bitfinex says the payment processor has $880M of the cryptocurrency exchange's “lost” funds. Polish authorities seized $390m of it.
Authorities Say 'Mixer' Site Laundered Nearly $200 Million Worth of CryptocurrenciesEuropean police have shuttered Bestmixer.io, considered one of the largest underground money laundering websites...
A highly targeted, malware-laced phishing campaign landed in the inboxes of multiple credit unions last week. The missives are raising eyebrows because they were sent only to specific anti-money...
Mimiro (formerly ComplyAdvantage) has raised USD $30 million from investors to accelerate the global expansion of its machine-learning platform for analysing the risk of financial crime. By...
Despite the value of cryptocurrency plummeting since 2017, cybercriminals and rogue nations are still using it to launder funds. One recently discovered scheme designed to evade AML detection is...