FTC warns of online task job scams hooking victims like gambling

December 13, 2024 at 02:58PM The FTC warns of a significant rise in online job scams, particularly “task scams,” which lure victims with promises of easy money through simple tasks. Reports soared from 5,000 in 2023 to 20,000 in 2024, causing losses exceeding $220 million, with a notable increase attributed to these scams. ### Meeting … Read more

Europol Shuts Down Manson Market Fraud Marketplace, Seizes 50 Servers

December 5, 2024 at 10:27AM Europol has shut down Manson Market, a major online fraud marketplace, seizing over 50 servers and arresting two suspects. Launched in 2022, the site traded stolen data from phishing schemes. Authorities from multiple countries collaborated to dismantle the network, collecting over 200 terabytes of digital evidence. ### Meeting Takeaways – … Read more

50 Servers Linked to Cybercrime Marketplace and Phishing Sites Seized by Law Enforcement

December 5, 2024 at 08:15AM Europol announced the dismantling of the Manson Market cybercrime marketplace and associated phishing websites by law enforcement in Germany and other European countries. Investigations revealed thousands of users bought stolen financial data. Authorities seized over 50 servers and arrested key suspects. This follows other recent takedowns of online criminal networks. … Read more

Fraud network uses 4,700 fake shopping sites to steal credit cards

November 14, 2024 at 05:47PM A Chinese threat actor known as “SilkSpecter” is exploiting thousands of fraudulent online stores to siphon payment card information from online shoppers in the U.S. and Europe, driven by financial motives. **Meeting Notes Takeaways:** 1. **Threat Actor Identification**: A financially motivated Chinese threat actor known as “SilkSpecter” has been identified. … Read more

Over a thousand online shops hacked to show fake product listings

October 31, 2024 at 10:09AM The ‘Phish n’ Ships’ phishing campaign has infected over a thousand legitimate online stores since 2019, promoting fake product listings and redirecting users to fraudulent sites. This has caused significant financial losses. Despite disruptions to the operation, consumers are advised to remain vigilant against suspicious e-commerce activities. **Meeting Takeaways: Phish … Read more

Malvertising Campaign Hijacks Facebook Accounts to Spread SYS01stealer Malware

October 30, 2024 at 10:03AM Cybersecurity researchers uncovered a malvertising campaign exploiting Meta’s platform, using hijacked Facebook accounts to spread SYS01stealer malware. The campaign targets users with deceptive ads, stealing login credentials and affecting Facebook business accounts. Additionally, phishing scams on Eventbrite and cryptocurrency job fraud are increasing, leveraging brand recognition for illicit gains. ### … Read more

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

Admins of MFA bypass service plead guilty to fraud

September 2, 2024 at 01:51PM Three men pleaded guilty to running OTP.Agency, an online platform that provided social engineering help to obtain OTPs from customers of U.K. banks. They targeted over 12,500 people and made potential earnings of up to £7.9 million. The trio faces fraud and money laundering charges, with maximum prison sentences of … Read more

Digital wallets can allow purchases with stolen credit cards

August 19, 2024 at 09:36PM Academic security researchers found critical flaws in digital wallets like Apple Pay, Google Pay, and PayPal, allowing attackers to use stolen and canceled payment cards for unauthorized purchases. By exploiting weaknesses in authentication and security mechanisms, attackers can add stolen cards to their digital wallets and make unauthorized transactions, regardless … Read more