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FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

Alright, how many of you saw a cryptocurrency ad on TV in 2022? Now the important question: how many of you got scammed in some sort of way by cryptocurrency or another type of investment? The report shows that phishing schemes were the most common type of cybercrime reported by victims in 2022, with 300,497 complaints.

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Florida man sentenced to prison for SIM Swapping conspiracy that led to theft of $1M in cryptocurrency

Security Affairs

A man from Orlando was sentenced to prison for SIM Swapping conspiracy that led to the theft of approximately $1M in cryptocurrency. The man was sentenced for his role in a hacking scheme that led to the theft of approximately $1M worth of cryptocurrency from dozens of victims. ” reads the press release published by DoJ.

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Crooks broke into AT&T email accounts to empty their cryptocurrency wallets

Security Affairs

Threat actors are gaining access to AT&T email accounts in an attempt to hack into the victim’s cryptocurrency exchange accounts. Mail keys are unique credentials that AT&T email users can use to log into their accounts using email apps such as Thunderbird or Outlook , but without having to use their passwords.”

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Here’s Some Bitcoin: Oh, and You’ve Been Served!

Krebs on Security

A California man who lost $100,000 in a 2021 SIM-swapping attack is suing the unknown holder of a cryptocurrency wallet that harbors his stolen funds. Dellone says the crooks then used his phone number to break into his account at Coinbase and siphon roughly $100,000 worth of cryptocurrencies.

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Russian-speaking cybercrime evolution: What changed from 2016 to 2021

SecureList

Having been in the field for so long, we have witnessed some major changes in the cybercrime world’s modus operandi. This report shares our insights into the Russian-speaking cybercrime world and the changes in how it operates that have happened in the past five years.

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Squid Game Cryptocurrency exit scam! Operators made $2.1 Million

Security Affairs

Operators behind the Squid Game cryptocurrency have exit scam making off with an estimated $2.1 Operators behind the Squid Game cryptocurrency have exit scam making off with an estimated $2.1 The following graph shows that the cryptocurrency peaked at a price of $2,861 before dropping to $0 around. ” reported GixModo.

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German police seized the darknet marketplace Nemesis Market

Security Affairs

An operation conducted by the Federal Criminal Police Office in Germany (BKA) and the Frankfurt cybercrime combating unit (ZIT) led to the seizure of the infrastructure of the darknet marketplace Nemesis Market in Germany and Lithuania. The law enforcement confiscated about 94,000 euros worth of cryptocurrencies.

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