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US charges three men with six million dollar business email compromise plot

Three Nigerian nationals face charges in a US federal court related to a business email compromise (BEC) scam that is said to have stolen more than US $6 million from victims. 29-year-old Kosi Goodness Simon-Ebo was extradited from Canada to the United States earlier this month, according to a Department of Justice press release, and will appear...
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FTC accuses payments firm of knowingly assisting tech support scammers

Multinational payment processing firm Nexway has been rapped across the knuckles by the US authorities, who claim that the firm knowingly processed fraudulent credit card payments on behalf of tech support scammers. A Federal Trade Commission (FTC) complaint argues that Nexway and its subsidiaries broke the law by helping scammers cheat money from unsuspecting consumers. Victims were tricked...
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Microsoft warns accounting firms of targeted attacks as Tax Day approaches

Accountants are being warned to be on their guard from malicious hackers, as cybercriminals exploit the rush to prepare tax returns for clients before the deadline of US Tax Day. US Tax Day, which falls on Tuesday April 18 this year, is the day on which income tax returns for individuals are due to be submitted to the government. Inevitably it's a...
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Free decryptor released for Conti-based ransomware following data leak

Security researchers have released a new decryption tool that should come to the rescue of some victims of a modified version of the Conti ransomware, helping them to recover their encrypted data for free. Conti was one of the most notorious ransomware groups, responsible for hundreds of attacks against organisations, which netted criminals over ...
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TSA tells US aviation industry to boost its cybersecurity

The US Transportation Security Administration (TSA) has issued new requirements for airport and aircraft operators who, they say, are facing a "persistent cybersecurity threat." The agency's new directive compels the aviation industry to improve their defences against malicious hackers and cybercriminals, just days after Preisdent Biden announced...
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Trezor crypto wallets under attack in SMS phishing campaign

Willie Sutton, the criminal who became legendary for stealing from banks during a forty year career, was once asked, "Why do you keep robbing banks?" His answer? "Because that's where the money is." However, today there's a better target for robbers today than banks, which are typically well-defended against theft... Cryptocurrency wallets. ...
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Fake ChatGPT apps spread Windows and Android malware

OpenAI's ChatGPT chatbot has been a phenomenon, taking the internet by storm. Whether it is composing poetry, writing essays for college students, or finding bugs in computer code, it has impressed millions of people and proven itself to be the most accessible form of artificial intelligence ever seen. Yes, there are plenty of fears about how the...
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Cybercriminal convicted of $90 million SEC earning reports hack

The owner of a Russian penetration-testing company has been found guilty of being part of an elaborate scheme that netted $90 million after stealing SEC earning reports. For nearly three years, 42-year-old Vladislav Klyushin - the owner of Moscow-based cybersecurity firm M-13 - and his co-conspirators had hacked into two US-based filing agents used...
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Romance fraud losses rose 91% during the pandemic, claims UK's TSB bank

UK banking group TSB is calling on social networks and dating apps to better protect their users from fake profiles, following an alarming spike in romance fraud. Examining data from December 2020 - January 2022, TSB determined that romance fraud almost doubled compared to pre-pandemic levels, with a record increase in losses of 91% - averaging £6...
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ShinyHunters suspect extradited to United States from Morocco, could face 116 years in jail if convicted

A 22-year-old suspected of being "Seyzo", a member of the ShinyHunters cybercrime gang, has been extradited from Morocco to the United States, where - if convicted - he could face up to 116 years in prison. Sebastien Raoult, a French national, was arrested at Rabat international airport in Morocco on May 31 2022, while trying to take a flight to...
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LockBit ransomware - what you need to know

I keep hearing about LockBit ransomware attacks. What's going on? It's no surprise if you have heard about LockBit. It is the world's most active ransomware group - responsible for an estimated 40% of all ransomware infections worldwide. I guess LockBit does the usual bad stuff - encrypt your data, steal your files, dump a ransom note on your PC.....
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AI-generated phishing attacks are becoming more convincing

It's time for you and your colleagues to become more skeptical about what you read. That's a takeaway from a series of experiments undertaken using GPT-3 AI text-generating interfaces to create malicious messages designed to spear-phish, scam, harrass, and spread fake news. Experts at WithSecure have described their investigations into just how...
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Don't click too quick! FBI warns of malicious search engine ads

The FBI is warning US consumers that cybercriminals are placing ads in search engine results that impersonate well-known brands, in an attempt to spread ransomware and steal financial information. In a public service announcement issued this week, the FBI describes how cybercriminals are purchasing ads that show up at the very top of search engine...
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Malicious hackers exploit Seoul Halloween tragedy in zero-day attack

Malicious hackers, hell-bent on infiltrating an organisation, have no qualms about exploiting even the most tragic events. Take, for instance, the horrific crowd crush that occurred in Seoul's nightlife district of Itaweon on 29 October, when over 150 people were killed during Halloween festivities. Google's Threat Analysis Group (TAG) reports...
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Whoops! Researchers accidentally crash botnet used to launch DDoS and cryptomining campaigns

Researchers investigating a newly-discovered botnet have admitted that they "accidentally" broke it. In November, security experts at Akamai described a Golang-based botnet that they had discovered, hijacking PCs via SSH and weak credentials in order to launch distributed denial-of-service (DDoS) attacks and mine cryptocurrency. The botnet, which...