January 15, 2024 at 02:30PM
Ukrainian Police and Europol arrested a 29-year-old individual in Mykolaiv, Ukraine, suspected of orchestrating a $2 million cryptojacking scheme. The attacker targeted a major ecommerce company, hacking over 1,500 user accounts and infecting the service with cryptocurrency mining malware. Authorities are investigating potential accomplices and the suspect’s ties to pro-Russian hacking groups.
From the provided meeting notes, I have extracted the following key takeaways:
– The Ukrainian National Police and Europol have collaborated to arrest a 29-year-old individual in Mykolaiv, Ukraine, suspected to be the mastermind behind a $2 million cryptojacking operation targeting user accounts at a cloud services provider.
– The suspect conducted automated password brute-forcing attacks on more than 1,500 user accounts of a large ecommerce company, gaining management access and infecting the service with cryptocurrency mining malware, resulting in mining over $2 million in cryptocurrency through one million virtual computers.
– Ukrainian authorities conducted searches at three properties, seizing computer equipment, SIM cards, bank cards, and other evidence of illegal activity, while also investigating potential accomplices and the suspect’s possible affiliation with pro-Russian hacking groups.
– Threat actors exploit cloud servers for cryptojacking due to the high computing power they offer, with instances of cryptojacking campaigns targeting services from multiple cloud providers.
– The criminals conducting cryptojacking aim to avoid paying for server and power costs, leaving compromised account holders with significant cloud bills.
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