November 20, 2024 at 02:29PM The U.S. Justice Department has charged five members of the Scattered Spider cybercrime gang with wire fraud and identity theft, accused of stealing over $11 million from cryptocurrency wallets through SMS phishing. This loosely organized group employs varied tactics and has connections to other hacking collectives and ransomware gangs. ### … Read more
November 19, 2024 at 07:35AM Maryland AI company iLearningEngines reported a $250,000 loss from a wire transfer fraud linked to a business email compromise scheme. Following the incident, the company activated its cybersecurity response plan and engaged external experts. Despite containing the situation, iLearningEngines faces potential legal scrutiny and adverse impacts on operations and stock … Read more
September 30, 2024 at 10:48PM The U.S. Department of Justice has charged a U.K. national, Robert Westbrook, with executing a fraudulent scheme that allowed him to gain unauthorized access to corporate executives’ Microsoft 365 accounts, enabling him to generate millions in profits through securities fraud. Westbrook could face up to 20 years in prison and … Read more
September 26, 2024 at 01:03PM New York City Mayor Eric Adams has been charged with bribery, conspiracy, wire fraud, and soliciting foreign campaign contributions. Allegations include accepting illegal contributions and luxury gifts from the Turkish government and attempting to cover his tracks. Adams denied the charges, claiming they are politically motivated while prosecutors emphasized their … Read more
September 16, 2024 at 10:35PM Chinese national, Song Wu, is accused of spear-phishing to steal sensitive software from US military and aerospace entities, including NASA. The indictment alleges that Song targeted individuals from government agencies, universities, and private companies. If convicted, Song faces a maximum penalty of 20 years in prison for each count of … Read more
September 5, 2024 at 07:12AM Two Nigerian nationals, Ebuka Raphael Umeti, 35, and Franklin Ifeanyichukwu Okwonna, 34, were sentenced in the US for running a business email compromise (BEC) scheme. Umeti received a 10-year prison term, while Okwonna got five years and three months. They were ordered to pay roughly $5 million in restitution for … Read more
August 23, 2024 at 05:51AM Deniss Zolotarjovs, a 33-year-old Russian national, has been charged in the US for his role in the cybercrime gang Karakurt, known for data theft and extortion. Zolotarjovs was arrested in Georgia in December 2023, extradited to the US, and appeared in a US District Court in Cincinnati to face charges … Read more
August 15, 2024 at 07:51AM Georgy Kavzharadze, a Russian national, has been sentenced to 40 months in US prison for selling stolen financial and personal information on the cybercrime marketplace Slilpp. He listed over 626,000 stolen login credentials and made over $200,000 in profits. The marketplace was disrupted in June 2021 and over a dozen … Read more
August 13, 2024 at 07:35AM Luxembourg’s Orion SA may face a $60 million loss due to a criminal wire fraud scheme involving fraudulent outbound wire transfers. The company suspects a business email compromise (BEC) scam. Despite the potential loss, Orion remains confident after recently boosting its 2024 sales and profit estimates. The company is working … Read more
June 17, 2024 at 10:14AM Nigerian national Ebuka Raphael Umeti, 35, faces up to 27 years in federal prison after being convicted in the US for operating a business email compromise (BEC) scheme. He and his co-conspirators caused or intended to cause losses of more than $1.5 million to their victims. Co-defendant Franklin Ifeanyichukwu Okwonna, … Read more