December 5, 2024 at 07:09PM Charles O. Parks III pleaded guilty to running a large-scale cryptojacking operation that defrauded cloud service providers out of $3.5 million to mine nearly $970,000 in cryptocurrency. He used various aliases, abused services, laundered profits, and faces up to 20 years in prison upon sentencing. **Meeting Takeaways: Charles O. Parks … Read more
December 5, 2024 at 02:07AM Operation Serengeti, a collaboration among Interpol, Afripol, and authorities in 19 African countries, led to over 1,000 arrests linked to cybercrimes costing $192 million. Despite this success, experts warn that cybercriminals may quickly adapt, emphasizing the need for stronger legal frameworks and increased cybersecurity education to combat ongoing threats. ### … Read more
November 5, 2024 at 01:43PM Business email compromise scammers are leveraging the DocuSign API to create seemingly legitimate e-signature requests, leading to fraud. These attackers use custom templates to send invoices, bypassing spam filters. In 2023, BEC scams have cost US businesses $2.9 billion, highlighting the need for vigilance and sender verification. **Meeting Takeaways:** 1. … Read more
November 4, 2024 at 08:31AM Kolade Akinwale Ojelade received a 26-year prison sentence in the US for compromising email accounts via phishing, resulting in the theft of millions of dollars. **Meeting Takeaways:** 1. **Individual Sentenced**: Kolade Akinwale Ojelade. 2. **Sentence Duration**: 26 years in prison. 3. **Location**: United States. 4. **Criminal Activity**: Compromised email accounts … Read more
September 5, 2024 at 12:50PM Musician Michael Smith faces charges for a streaming fraud scheme, accused of using AI-generated songs streamed by thousands of bots to collect over $10 million in royalty payments from Spotify, Amazon, Apple, and YouTube Music. He employed over 1,000 bot accounts and manipulated streaming data to avoid detection. The scheme … Read more
August 14, 2024 at 02:23PM Experian, a global data and technology company, has acquired NeuroID, an industry leader in behavioral analytics. This move enhances Experian’s fraud risk suite by providing insights into digital behavioral signals for both new and returning users. The integration of NeuroID’s solutions aims to help clients proactively monitor and analyze real-time … Read more
June 17, 2024 at 04:20PM Two alleged administrators of the dark-web bazaar Empire Market, Thomas Pavey and Raheim Hamilton, have been arrested for their ownership and operation of the site. They are accused of facilitating millions of dollars in illegal transactions for drugs, fraud, and other illicit goods. The duo also faces charges related to … Read more
May 3, 2024 at 05:24PM BioCatch, a leader in digital fraud detection and financial crime prevention through behavioral biometric intelligence, is acquired by Permira Growth Opportunities II. The majority stake acquisition aims to accelerate global expansion, advance product roadmap and support continued growth. BioCatch is recognized for its innovative approach and influential customer base in … Read more
April 16, 2024 at 12:39PM A Nebraska man will appear in court today, accused of defrauding cloud service providers of $3.5 million in a cryptojacking scheme. Charles O. Parks III allegedly used high-powered resources to mine nearly $1 million in cryptocurrency. Parks faces up to 20 years in prison for wire fraud and money laundering, … Read more
March 13, 2024 at 02:19PM The latest PixPirate banking trojan for Android conceals itself on phones even after its dropper app is removed. It avoids using a launcher icon and is designed to remain hidden on recent Android versions. Employing two apps, it steals information and targets the Brazilian instant payment platform Pix to initiate … Read more