A Nigerian threat actor has been observed attempting to recruit employees by offering them to pay $1 million in bitcoins to deploy Black Kingdom ransomware on companies' networks as part of an insider threat scheme. "The sender tells the employee that if they're able to deploy ransomware on a company computer or Windows server, then they would be paid $1 million in bitcoin, or … [Read more...] about Cybercrime Group Asking Insiders for Help in Planting Ransomware
Law enforcement authorities in the Netherlands have arrested two alleged individuals belonging to a Dutch cybercriminal collective who were involved in developing, selling, and renting sophisticated phishing frameworks to other threat actors in what's known as a "Fraud-as-a-Service" operation. The apprehended suspects, a 24-year-old software engineer and a 15-year-old boy, are … [Read more...] about Dutch Police Arrest Two Hackers Tied to “Fraud Family” Cybercrime Ring
In what's a case of hackers getting hacked, a prominent underground online criminal forum by the name of Maza has been compromised by unknown attackers, making it the fourth forum to have been breached since the start of the year. The intrusion is said to have occurred on March 3, with information about the forum members — including usernames, email addresses, and hashed … [Read more...] about Mazafaka — Elite Hacking and Cybercrime Forum — Got Hacked!
The following is an article that was originally published in Intelligent CIO Magazine and is republished here with its consent. With cybercriminals intent on exploiting organizations to regain access to critical data stores, Scott Jarkoff, Director, Strategic Threat Advisory Group, APJ and EMEA, CrowdStrike, tells us ransomware is the technique of choice for cybercriminals … [Read more...] about Why Cybercrime is Still a Business Challenge in a COVID World
Overall, in 2018 the FBI received more than 351k reported scams with losses exceeding $2.7 billion. Source link … [Read more...] about FBI: BEC Scam Losses Almost Double To Reach $1.2 Billion