May 30, 2024 at 05:15AM The U.S. Department of Justice dismantled the world’s largest botnet, 911 S5, involving 19 million infected devices in 190 countries, operated by Chinese national YunHe Wang. The botnet facilitated cyber attacks, fraud, identity theft, and child exploitation. Wang faces multiple charges and sanctions alongside the seizure of $30 million in … Read more
May 25, 2024 at 07:33PM Chirag Tomar, an Indian national, pleaded guilty to wire fraud conspiracy for stealing over $37 million through a fake Coinbase website. Using social engineering and a fake website, Tomar and his co-conspirators tricked legitimate Coinbase customers into revealing their login credentials and two-factor authentication codes. Tomar now faces a maximum … Read more
May 17, 2024 at 12:06PM The U.S. Department of Justice charged two suspects for leading a crime ring that laundered over $73 million from cryptocurrency scams known as “pig butchering.” Victims were lured through messaging and social media platforms, with funds drained into accounts under the fraudsters’ control. The defendants face up to 20 years … Read more
May 8, 2024 at 05:33PM Netcraft, the leader in digital risk protection, unveiled its Conversational Scam Intelligence platform to combat escalating financial scams. Leveraging generative AI, the platform disrupts criminal attempts, exposing hidden financial networks and deploying countermeasures. This proactive approach aids in preventing fraudulent schemes and mitigating risk for banking providers globally. For more … Read more
May 2, 2024 at 02:25PM Law enforcement recently conducted raids in several countries, resulting in the shutdown of 12 phone fraud call centers. The operation involved dozens of German officers and counterparts from Albania, Bosnia and Herzegovina, Kosovo, and Lebanon. The authorities arrested 21 individuals, confiscated evidence, and obtained electronic evidence. The joint operation, called … Read more
April 8, 2024 at 01:57AM Google has filed a lawsuit against app developers Yunfeng Sun and Hongnam Cheung for an “international online consumer investment fraud scheme.” The scheme involved uploading about 87 crypto apps to the Play Store, tricking users into downloading them, and stealing their funds. The company accused them of violating multiple policies … Read more
April 5, 2024 at 04:33AM Financial organizations in the Asia-Pacific (APAC) and Middle East and North Africa (MENA) are facing targeted attacks by a sophisticated threat called JSOutProx, utilizing both JavaScript and .NET. The attacks have been traced back to threat actor Solar Spider and involve leveraging spear-phishing emails and various malicious activities. Cybersecurity company … Read more
March 21, 2024 at 11:33AM Rhysida ransomware group claimed responsibility for a cyberattack on MarineMax, a US luxury yacht dealer, disrupting its business operations. Despite MarineMax’s denial of maintaining sensitive data in the affected information environment, Rhysida posted stolen documents on its website and announced a seven-day auction. The group has a history of similar … Read more
March 19, 2024 at 09:48PM An Australian IT contractor has been sentenced to 30 months in jail for defrauding the National Maritime Museum of over AU$66,000. Using his role as an IT support worker, he illegally accessed the museum’s accounts payable system, making purchases and changing bank account details to his own. The case was … Read more
March 13, 2024 at 10:09AM PixPirate Android banking trojan utilizes new method to elude detection and steal sensitive data in Brazil. The malware hides its icon from the victim’s device, making the operations inconspicuous. Employing SMS and WhatsApp, it uses a downloader app to install and execute its main fraudulent activities, posing a significant threat … Read more