Remove Banking Remove Cryptocurrency Remove Cybercrime
article thumbnail

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.

article thumbnail

Cybercrime Rapper Sues Bank over Fraud Investigation

Krebs on Security

In January, KrebsOnSecurity wrote about rapper Punchmade Dev , whose music videos sing the praises of a cybercrime lifestyle. That story showed how Punchmade’s social media profiles promoted Punchmade-themed online stores selling bank account and payment card data. PNC Bank did not respond to a request for comment.

Banking 305
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DoJ seized credit card marketplace PopeyeTools and charges its administrators

Security Affairs

seized the stolen credit card marketplace PopeyeTools and charged its operators, this is a major success against cybercrime. PopeyeTools was a dark web marketplace specializing in selling stolen credit cards and cybercrime tools, facilitating fraud and illicit online activities since 2016. million in revenue.

article thumbnail

How Does One Get Hired by a Top Cybercrime Gang?

Krebs on Security

This post explores answers to those questions, as well as some of the ways Trickbot and other organized cybercrime gangs gradually recruit, groom and trust new programmers. Alla Witte’s personal website — allawitte[.]nl nl — circa October 2018. 6 in Miami, Fla. Image: DOJ. On June 7, the DOJ announced it had clawed back $2.3

article thumbnail

U.S. Sanctions Cloud Provider ‘Funnull’ as Top Source of ‘Pig Butchering’ Scams

Krebs on Security

Pig butchering is a rampant form of fraud wherein people are lured by flirtatious strangers online into investing in fraudulent cryptocurrency trading platforms. The agency said Funnull directly facilitated pig butchering and other schemes that resulted in more than $200 million in financial losses by Americans.

Scams 211
article thumbnail

U.S. Indicts North Korean Hackers in Theft of $200 Million

Krebs on Security

billion from banks and other victims worldwide. Confirmed thefts attributed to the group include the 2016 hacking of the SWIFT payment system for Bangladesh Bank, which netted thieves $81 million; $6.1 Investigators with the DOJ, U.S. The group is thought to be responsible for the attempted theft of approximately $1.2

article thumbnail

Cybercrime Soars: FBI's 2024 Report Reveals $16.6 Billion in Losses

SecureWorld News

The FBI's Internet Crime Complaint Center (IC3) has released its 2024 Internet Crime Report, marking a record-breaking year in cybercrime. domestic bank to finalize the closing. Upon notification, the Recovery Asset Team immediately initiated the process to freeze the fraudulent recipient bank account. billion in losses.