Interpol Cyber-Fraud Action Nets More Than 5K Arrests

December 2, 2024 at 04:07PM Operation HAECHI V, involving law enforcement from 40 countries, led to the arrest of over 5,500 suspects and the seizure of $400 million in virtual assets, targeting various cyber frauds. Notably, a voice-phishing syndicate linked to $1.1 billion in losses was dismantled. Interpol emphasized the importance of international cooperation in … Read more

INTERPOL Busts African Cybercrime: 1,006 Arrests, 134,089 Malicious Networks Dismantled

November 27, 2024 at 03:39AM INTERPOL’s Operation Serengeti resulted in the arrest of 1,006 suspects across 19 African countries and dismantled 134,089 cybercrime networks. It targeted ransomware, digital extortion, and scams, resulting in over $193 million in global losses. Multiple countries collaborated, with significant contributions from private cybersecurity firms. ### Takeaways from Meeting Notes on … Read more

Google Warns of Rising Cloaking Scams, AI-Driven Fraud, and Crypto Schemes

November 14, 2024 at 09:58AM Google has reported increasing scams where fraudsters use landing page cloaking to impersonate legitimate sites, manipulating users into purchasing counterfeit products. Techniques include AI-generated deepfakes and cloning legitimate apps. Google has taken action by blocking billions of scam ads and enhancing user protection through new detection features in Android apps. … Read more

Google Launches Data-Sharing Initiative to Fight Fraud

October 10, 2024 at 08:38AM Google has launched the Global Signal Exchange (GSE) to improve data sharing on online scams. Collaborating with GASA and DNS Research Foundation, GSE utilizes AI to identify patterns in fraud signals. Participants can share information, enhancing the fight against scams through improved collaboration and access to a centralized data platform. … Read more

Google Joins Forces with GASA and DNS RF to Tackle Online Scams at Scale

October 9, 2024 at 01:49PM Google has partnered with the Global Anti-Scam Alliance and DNS Research Federation to launch the Global Signal Exchange, aimed at enhancing real-time insights into online scams and cybercrime. The initiative will improve abuse signal exchange, leveraging data from various sources to better protect users and disrupt fraudulent activities. ### Meeting … Read more

Cambodian senator sanctioned by US over alleged forced labor cyber-scam camps

September 13, 2024 at 01:34AM The US Department of the Treasury’s Office of Foreign Assets Control imposed sanctions on Cambodian entrepreneur and senator Ly Yong Phat for his involvement in serious human rights abuses at O Smach Resort. The resort is alleged to be a forced labor camp operated by cyber scammers engaging in fraudulent … Read more

Huione Guarantee exposed as a $11 billion marketplace for cybercrime

July 10, 2024 at 04:41PM Online marketplace Huione Guarantee is allegedly aiding money laundering for online scams, particularly “pig butchering” investment fraud, according to researchers. They found that at least $11 billion of transactions on the platform were linked to cybercrime, including investment fraud, data sales, and money laundering. The platform’s lack of moderation and … Read more

Scammers double-scam victims by offering to help recover from scams

July 9, 2024 at 02:08AM The Australian Competition and Consumer Commission (ACCC) has cautioned about scammers targeting previous scam victims by offering fake recovery services. The scammers pose as trusted entities and request personal information and upfront fees. Victims, especially those over 65, have faced losses totaling over AU$2.9 million. The ACCC is urging prompt … Read more

Global Police Operation Shuts Down 600 Cybercrime Servers Linked to Cobalt Strike

July 4, 2024 at 12:34AM Law enforcement operation MORPHEUS seized nearly 600 servers used by cybercriminal groups and part of the Cobalt Strike attack infrastructure. The crackdown targeted unlicensed versions of Cobalt Strike, involving multiple countries. Exploitation of cracked software contributed to cybercrime, with related arrests and dismantling of other criminal schemes worldwide. Based on … Read more

Los Angeles SIM Swapper Sentenced to 8 Years in Prison

November 28, 2023 at 09:06AM Amir Hossein Golshan, a cybercriminal from Los Angeles, has been sentenced to 96 months in prison for engaging in multiple cybercrime schemes. He caused approximately $740,000 in losses to hundreds of victims through online scams and unauthorized account access. Golshan used SIM swapping to take control of victims’ social media … Read more