Remove 2022 Remove Cryptocurrency Remove Ransomware
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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. A machine-translated version of Flymoney, one of dozens of cryptocurrency exchanges apparently nested at Cryptomus.

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U.S. Offered $10M for Hacker Just Arrested by Russia

Krebs on Security

In January 2022, KrebsOnSecurity identified a Russian man named Mikhail Matveev as “ Wazawaka ,” a cybercriminal who was deeply involved in the formation and operation of multiple ransomware groups. “Unfortunately, none of this would mark meaningful progress against ransomware,” they concluded.

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Ransomware Payments Are Down

Schneier on Security

Chainalysis reports that worldwide ransomware payments were down in 2022. Ransomware attackers extorted at least $456.8 million from victims in 2022, down from $765.6 When we published last year’s version of this report, for example, we had only identified $602 million in ransomware payments in 2021.

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Play ransomware group hit 900 organizations since 2022

Security Affairs

A joint advisory from the US and Australian authorities states that Play ransomware has hit approximately 900 organizations over the past three years. In December 2023, CISA, the FBI, and ACSC warned of Play ransomware’s operation that hit 300 victims by October 2023. ” The Play ransomware group follows a double extortion model.

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Feds Charge Five Men in ‘Scattered Spider’ Roundup

Krebs on Security

In August 2022, multiple security firms gained access to the server that was receiving data from that Telegram bot, which on several occasions leaked the Telegram ID and handle of its developer, who used the nickname “ Joeleoli.” The group then used their access to Twilio to attack at least 163 of its customers.

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Alleged Co-Founder of Garantex Arrested in India

Krebs on Security

Authorities in India today arrested the alleged co-founder of Garantex , a cryptocurrency exchange sanctioned by the U.S. government in 2022 for facilitating tens of billions of dollars in money laundering by transnational criminal and cybercriminal organizations. Launched in 2019, Garantex was first sanctioned by the U.S.

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Alleged ‘Scattered Spider’ Member Extradited to U.S.

Krebs on Security

Buchanan was arrested in Spain last year on a warrant from the FBI, which wanted him in connection with a series of SMS-based phishing attacks in the summer of 2022 that led to intrusions at Twilio, LastPass, DoorDash, Mailchimp, and many other tech firms. A Scattered Spider/0Ktapus SMS phishing lure sent to Twilio employees in 2022.