Security News
Russian citizen Denis Mihaqlovic Dubnikov pleaded guilty on Tuesday to laundering money for the notorious Ryuk ransomware group for over three years. The guilty plea comes after Dubnikov was arrested in Amsterdam in November 2021 and extradited to the United States in August 2022.
Here's everything you need to know about what services need an AML revamp and how they should go about it. Gather enough data as fast as possible, and you can instantly spot bad actors and block them out, and move to more extensive KYC procedures to ensure their names do not appear on any AML lists and gauge the true intentions of suspicious users, saving money on unnecessary KYC and AML screenings.
Just another obscure warrantless surveillance program. US law enforcement can access details of money transfers without a warrant through an obscure surveillance program the Arizona attorney general's office created in 2014.
The U.S. Department of Justice arrested and charged Russian national Anatoly Legkodymov, the founder of the Hong Kong-registered cryptocurrency exchange Bitzlato, with helping cybercriminals allegedly launder illegally obtained money. Because of "Deficient know-your-customer procedures, Bitzlato allegedly became a haven for criminal proceeds and funds intended for use in criminal activity," the DOJ said.
In brief Business email compromise continues to be a multibillion-dollar threat, but it's evolving, with the FBI and other federal agencies warning that cybercriminals have started using spoofed emails to steal shipments of physical goods - in this case, food. Along with the Food and Drug Administration's Office of Criminal Investigations and the US Department of Agriculture, the FBI said several US food manufacturers have already fallen victim to scams, many of which involved fake orders for hundreds of thousands of dollars worth of a single item: powdered milk.
A previously undocumented Android malware campaign has been observed leveraging money-lending apps to blackmail victims into paying up with personal information stolen from their devices. The money lending applications, instead, are available through unofficial app stores or sideloaded to the phones via smishing, compromised websites, rogue ads, or social media campaigns.
Regular password resets mean a stolen password is suitable for a limited time. When a breached password is found, forcing a password reset ensures users do not continue to use insecure passwords.
Europol has arrested hundreds of fraudsters, money launderers and cocaine kingpins, and shut down thousands of websites selling pirated and counterfeit products in a series of raids over the past month. Cops across several continents seized 127,365 fake designer watches, shoes, accessories, clothes, perfumes, electronics, phone cases and other counterfeit products worth more than Є3.8 million.
The bad thing about this scam is that it's astonishingly easy for criminals to set up, and it carefully avoids sending spoofed emails or tricking you to visit bogus websites, because the crooks use a PayPal service to generate their initial contact via official PayPal servers. Email scammers therefore often go out of their way to ensure that their first contact with potential victims involves messages that really do come from genuine sites or online services, and that link to servers that really are run by those same legitimate sites.
The FBI and U.S. Postal Inspection Service have seized eighteen web domains used to recruit money mules for work-from-home and reshipping scams. The seized domains now display a seizure notice with links [1, 2] warning employment seekers of the risks of home job and reshipping scams.