UK trio pleads guilty to operating $10M MFA bypass biz

September 3, 2024 at 05:37PM Three men in the UK have pleaded guilty to running a multifactor authentication (MFA) bypass ring, potentially making up to £7.9 million in less than two years. The trio operated OTP.agency, providing cybercriminals with tools to bypass MFA and access bank accounts. They face up to 14 years in prison … Read more

Admins of MFA bypass service plead guilty to fraud

September 3, 2024 at 11:00AM Three individuals pleaded guilty to running OTP.Agency, an online platform that provided social engineering help to obtain one-time passcodes from customers of various banks and services in the U.K. They targeted more than 12,500 people, promising to deliver OTPs for over 30 online services for weekly subscriptions ranging from £30 … Read more

Forced-Labor Camps Fuel Billions of Dollars in Cyber Scams

June 11, 2024 at 10:03PM Chinese crime syndicates have shifted from illicit gambling houses to cybercrime fraud, stealing billions of dollars through online scams which also exploit job seekers. Authorities struggle to combat the criminal operations in Southeast Asia. Cybercrime syndicates in the region yield revenues comparable to annual GDPs, and police and financial institutions … Read more

US woman helped North Korean IT workers infiltrate 300 companies

May 17, 2024 at 12:58PM The U.S. Justice Department charged five individuals, including a U.S. Citizen woman and a Ukrainian man, for their involvement in North Korea’s cyber schemes to infiltrate U.S. job markets and generate revenue for the country’s nuclear weapons program. The State Department announced a reward of up to $5 million for … Read more

Five charged for cyber schemes to benefit North Korea’s weapons program

May 17, 2024 at 12:06PM The U.S. Justice Department charged five individuals, including a U.S. citizen woman and a Ukrainian man, for involvement in cyber schemes allegedly directed by the North Korean government to generate revenue for its nuclear program. The schemes involved fraud and money laundering, with two individuals arrested and charges carrying potential … Read more

Five charged for cyber schemes to benefit North Korea’s weapons program

May 17, 2024 at 06:18AM The U.S. Justice Department charged five individuals, including a U.S. citizen woman, a Ukrainian man, and three foreign nationals, for participation in cyber schemes benefiting North Korea’s nuclear weapons program. The defendants are accused of fraud, money laundering, and identity theft, with alleged involvement in a campaign to infiltrate U.S. … Read more

LockBit Ransomware Mastermind Unmasked, Charged

May 7, 2024 at 02:00PM Russian national Dimitry Yuryevich Khoroshev, also known as LockBitSupp, is the alleged mastermind behind the LockBit ransomware operation. Indicted for creating and operating the LockBit ransomware-as-a-service (RaaS), Khoroshev and affiliates targeted over 2,500 victims in 120 countries, amassing over $500 million in ransom payments. Sanctioned by the US, UK, and … Read more

REvil Affiliate Off to Jail for Multimillion-Dollar Ransomware Scheme

May 3, 2024 at 02:13PM Ukrainian national Yaroslav Vasinskyi, a member of the REvil ransomware group, has been sentenced to more than 13 years in prison after pleading guilty to 11 charges, including fraud, money laundering conspiracy, and damage to protected computers. He was involved in thousands of ransomware attacks, demanding over $700 million in … Read more

German Authorities Shut Down Online Marketplace for Drugs, Data and Cybercrime Services

March 22, 2024 at 11:00PM German authorities dismantled a major online marketplace for drugs, cybercrime services, and fraudulently obtained credit card data. The Nemesis Market platform’s server infrastructure and 94,000 euros in cryptocurrency were seized in Germany and Lithuania. The platform operated on the darknet and had over 150,000 user accounts and 1,100 seller accounts. … Read more

US Seizes $1.4 Million in Cryptocurrency From Tech Scammers

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