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BlackCat Ransomware Group Implodes After Apparent $22M Payment by Change Healthcare

Krebs on Security

healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. BlackCat is known as a “ransomware-as-service” collective, meaning they rely on freelancers or affiliates to infect new networks with their ransomware. There are indications that U.S.

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Wanted: Disgruntled Employees to Deploy Ransomware

Krebs on Security

Criminal hackers will try almost anything to get inside a profitable enterprise and secure a million-dollar payday from a ransomware infection. ” This attacker’s approach may seem fairly amateur, but it would be a mistake to dismiss the threat from West African cybercriminals dabbling in ransomware. billion in 2020.

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FBI: Cybercrime skyrocketed in 2020, with email compromise scams accounting for 43% of losses

SC Magazine

Vendors had warned about the rise of COVID-19 scams throughout 2020. The second was the increase in the total cost of business email compromise (BEC) scams and email account compromise (EAC). “Ransomware is not even close to the amount of impact that BEC has to businesses.”

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Incognito Darknet Market Mass-Extorts Buyers, Sellers

Krebs on Security

Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000. ALL of them are Exit Scams.

Marketing 293
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The World of Scambaiting, Preventing Social Media Account Takeovers, Network Wrenches Hacked

Security Boulevard

They talk about popular channels like Scammer Payback and Kitboga that show these scams in progress. Then they switch to the best practices to prevent social media account takeovers, highlighting […] The post The World of Scambaiting, Preventing Social Media Account Takeovers, Network Wrenches Hacked appeared first on Shared Security Podcast.

Media 78
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Logistics giant warns of scams following ransomware attack

Malwarebytes

German logistics giant Hellmann Worldwide Logistics has issued a warning that data was stolen from the company when it was hit with a ransomware attack on December 9, 2021. Many ransomware operators use the threat of leaking stolen data for extra leverage during the ransom negotiation stage. The ransomware itself is highly targeted.

Scams 123
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News alert: Memcyco report reveals only 6% of brands can stop digital impersonation fraud

The Last Watchdog

provider of digital trust technology designed to protect companies and their customers from digital impersonation fraud, released its inaugural 2024 State of Website Impersonation Scams report. New York, NY, May 21, 2024, CyberNewsWire — Memcyco Inc., Federal Trade Commission.

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