#InternationalCollaboration

UK disrupts Russian money laundering networks used by ransomware

by

December 4, 2024 at 03:25PM The UK’s National Crime Agency disrupted two Russian money laundering networks, arresting 84 suspects in “Operation Destabilise.” These networks, linked to ransomware gangs, laundered millions for cybercriminals. The operation unveiled connections among Russian elites, cybercriminals, and UK drug gangs, highlighting significant international collaboration in tackling such financial crimes. ### Meeting … Read more

Cyber Gangs Aren’t Afraid of Prosecution

by

October 16, 2024 at 03:10PM Cybercriminals have an advantage over law enforcement due to slow investigations, inadequate funding, and resource constraints. Specialized agencies struggle against sophisticated attacks and cyber gangs, which enjoy impunity in some countries. To combat this, governments must enhance agency organization, secure funding, foster public-private partnerships, and update legislation. ### Meeting Takeaways … Read more

China Accuses U.S. of Fabricating Volt Typhoon to Hide Its Own Hacking Campaigns

by

October 15, 2024 at 04:54AM China’s CVERC claims the Volt Typhoon cyber threat is a U.S. fabrication, alleging U.S. cyber espionage against multiple countries. They assert there’s strong evidence of U.S. false flag operations and misuse of technology to mislead investigations. The report calls for international collaboration on cybersecurity and counter-threat technology. **Meeting Takeaways:** 1. … Read more

China again claims Volt Typhoon hack gang was invented by the US to discredit it

by

October 14, 2024 at 09:22PM China’s authorities have released a document alleging that the Volt Typhoon threat actor is a US invention, contesting earlier claims of Chinese involvement. The document reiterates previous points, citing a lack of evidence from US officials. It advocates for international cybersecurity collaboration while critiquing US surveillance practices. ### Meeting Notes … Read more

Would Making Ransom Payments Illegal Result in Fewer Attacks?

by

July 31, 2024 at 10:09AM According to Netwrix’s “2024 Hybrid Security Trends Report,” ransomware and other malware attacks are major security incidents. There’s debate about making ransomware payments illegal. While banning payments might eliminate cybercriminals’ incentive, it could lead to complex ethical and legal issues, including underreporting and disproportionate impact on small businesses. A multifaceted … Read more

Dozens of countries will pledge to stop paying ransomware gangs

by

October 31, 2023 at 12:58PM An alliance of 40 countries will sign a pledge to stop paying ransoms to cybercriminal groups at the International Counter-Ransomware Initiative summit. The initiative aims to tackle the increasing threat of ransomware worldwide, with the U.S. being the primary target. Discussions will also focus on blocking funds used by ransomware … Read more

India targets Microsoft, Amazon tech support scammers in nationwide crackdown

by

October 19, 2023 at 01:28PM India’s Central Bureau of Investigation (CBI) conducted raids on 76 locations as part of Operation Chakra-II to crack down on cybercrime operations involved in tech support scams and cryptocurrency fraud. The raids resulted in the seizure of mobile phones, laptops, SIM cards, and the freezing of bank accounts. The CBI … Read more