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Two Russians Charged in $17M Cryptocurrency Phishing Spree

Krebs on Security

authorities today announced criminal charges and financial sanctions against two Russian men accused of stealing nearly $17 million worth of virtual currencies in a series of phishing attacks throughout 2017 and 2018 that spoofed websites for some of the most popular cryptocurrency exchanges.

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A Light at the End of Liberty Reserve’s Demise?

Krebs on Security

In May 2013, the U.S. Justice Department seized Liberty Reserve , alleging the virtual currency service acted as a $6 billion financial hub for the cybercrime world.

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“FudCo” Spam Empire Tied to Pakistani Software Firm

Krebs on Security

The Manipulaters’ core brand in the underground is a shared cybercriminal identity named “ Saim Raza ,” who for the past decade across dozens of cybercrime sites and forums has peddled a popular spamming and phishing service variously called “ Fudtools ,” “ Fudpage ,” “ Fudsender ,” etc.

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SHARED INTEL: How ransomware evolved from consumer trickery to deep enterprise hacks

The Last Watchdog

The epidemic went truly mainstream with the release of CryptoLocker back in 2013, and it has since transformed into a major dark web economy spawning the likes of Sodinokibi, Ryuk, and Maze lineages that are targeting the enterprise on a huge scale in 2020. FBI spoofs 2012 – 2013. File encryption 2013 – 2015.

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BEC scammers go after more than just money

Malwarebytes

The overwhelming number of organizations filing victim complaints to the IC3 between October 2013 and December 2021 were based in the US. Use spear phishing and other techniques to get access to a legitimate company’s email system and send fraudulent emails from there. gov/Home/BEC.

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Could Your Company Survive a Ransomware Attack?

CyberSecurity Insiders

CryptoLocker: Another cryptocurrency attack took place in 2013 at the hands of a piece of ransomware called CryptoLocker. Avoiding phishing scams can be the best way to prevent a ransomware attack. Educating employees: Security on the computer starts with the employees.

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Developing Your Business Email Compromise (BEC) Incident Response Plan

SecureWorld News

The Business Email Compromise (BEC) scam is one of the simplest and most damaging attacks businesses can face with losses ranging from hundreds to millions of dollars. According to the Federal Bureau of Investigation (FBI), losses due to BEC scams since 2013 total around $28 billion dollars and it is the most profitable cybercrime there is.

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