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Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Krebs on Security

authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. 12 blog post , the attackers used their access to Mailchimp employee accounts to steal data from 214 customers involved in cryptocurrency and finance.

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A threat actor is selling access to Facebook and Instagram’s Police Portal

Security Affairs

The portal allows law enforcement agencies to request data relating to users (IP, phones, DMs, device info) or request the removal of posts and the ban of accounts. The threat actor is offering access for $700, and it appears it can have more than one existing account for the portal. ” Gal told Security Affairs.

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2023: A Year of Record-Breaking Data Breaches

Identity IQ

Data breaches reached an all-time high, leaving a trail of identity theft cases. This has left victims scrambling to understand the extent of the damage and how to help protect themselves against the evolving threat of identity theft. Protecting yourself from the damages of data breaches and identity theft is paramount.

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Confessions of an ID Theft Kingpin, Part I

Krebs on Security

At the height of his cybercriminal career, the hacker known as “ Hieupc ” was earning $125,000 a month running a bustling identity theft service that siphoned consumer dossiers from some of the world’s top data brokers. That is, until his greed and ambition played straight into an elaborate snare set by the U.S.

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Account Takeover: What is it and How to Prevent It?

Identity IQ

What is Account Takeover? Account takeover, also known as ATO, is a form of identity theft in which a malicious third party gains access to or “takes over” an online account. One of the primary reasons behind this massive rise in account takeover is the relative ease with which it can be done.

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State of Cybercrime 2020: FBI Report

SecureWorld News

The FBI notes that the Internet Crime Complaint Center (IC3) has been key to its mission to track cybercrimes. The IC3 "provides the public with a trustworthy source for information on cyber criminal activity," and also is a useful tool for victims to report a cybercrime. Business Email Compromise 2020. IC3's Recovery Asset Team (RAT).

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BEC Is 62 Times More Profitable than Ransomware, IC3 Finds

Hot for Security

According to the report , in 2020 the IC3 received 19,369 business email compromise (BEC) / email account compromise (EAC) complaints “with adjusted losses of over $1.8 BEC/EAC is a sophisticated scam targeting both businesses and individuals performing transfers of funds,” the bureau’s cyber squad explains.