March 13, 2024 at 12:51PM Russian-Canadian national Mikhail Vasiliev, 34, sentenced to nearly four years in prison in Canada for his role in LockBit ransomware operation. He targeted at least three organizations in Canada, seeking ransom payments. The US is also pursuing charges against him. LockBit, operating under ransomware-as-a-service model, was a prolific operation until … Read more
March 13, 2024 at 08:33AM US law enforcement seized $1.4 million worth of Tether tokens in a tech support scam targeting elderly victims. Perpetrators posed as tech support employees and bank representatives to fraudulently obtain victims’ funds, totaling over $12.5 billion in reported losses for 2023. The FBI identified and froze the fraudsters’ accounts, with … Read more
March 13, 2024 at 07:46AM Russian-Canadian cybercriminal Mikhail Vasiliev sentenced to 4 years in prison by Ontario court for involvement in LockBit ransomware gang, with restitution of $860,000 to Canadian victims and potential extradition to the U.S. LockBit, a ransomware-as-a-service operation, has faced disruption by law enforcement, but despite relaunching, analysis suggests its activities are … Read more
March 12, 2024 at 03:52PM Stanford University reported a ransomware attack on its Department of Public Safety (SUDPS) network, compromising personal information of 27,000 individuals. The breach occurred between May 12 and September 27, 2023. Stolen data included sensitive details like Social Security numbers and health/medical information. The Akira ransomware gang claimed responsibility and leaked … Read more
March 12, 2024 at 08:27AM Threat hunters have discovered a set of seven malicious packages on PyPI, targeting cryptocurrency wallets by stealing BIP39 mnemonic phrases. The campaign codenamed BIPClip has been active since December 2022 and has raised concerns about supply chain attacks on crypto assets. The attackers have been careful in crafting the packages … Read more
March 8, 2024 at 06:01PM Cybercrime gang Magnet Goblin swiftly exploits vulnerabilities in Ivanti devices to breach networks of US organizations in the medical, manufacturing, and energy sectors. CISA confirms Ivanti attacks, urging organizations to review Ivanti advisory. Magnet Goblin deploys remote-control and data-stealing malware, leveraging one-day vulnerabilities, posing a significant threat to global digital … Read more
March 8, 2024 at 04:51PM A new trend in cybersecurity sees professionals turning to the Dark Web for extra income, posing challenges for enterprises and raising concerns about insider threats. With layoffs and economic uncertainty driving this shift, industry experts stress the need for improved employment, training, and support to address the skills gap and … Read more
March 8, 2024 at 02:06AM Echefu, a Nigerian man involved in a business email compromise scheme, has pleaded guilty to conspiracy charges in the US. Alongside his co-conspirators from South Africa, he gained unauthorized access to email accounts to orchestrate wire fraud and money laundering. Echefu faces up to 20 years in prison and must … Read more
March 7, 2024 at 01:40PM Menlo Security linked China to the ALPHV/BlackCat gang behind the Change Healthcare ransomware attack, impacting US pharmacies. The criminals demanded a $22 million Bitcoin ransom, suggesting ties to Chinese state-backed groups. Menlo also found evidence of Notchy’s involvement and purchases of malware tools, causing significant impact on US healthcare infrastructure. … Read more
March 7, 2024 at 09:34AM The FBI’s IC3 reported a 10% increase in cybercrime complaints in 2023, totaling over 880,000 in the US with $12.5 billion in losses, a 22% rise from 2022. Phishing dominates complaints, with investment fraud and BEC causing the highest losses. Ransomware affected critical sectors, with LockBit and BlackCat being active … Read more