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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. Other critical sectors, including manufacturing and government facilities, also faced significant threats. The report highlights a staggering $16.6 billion in losses.

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Authorities released free decryptor for Phobos and 8base ransomware

Security Affairs

The group has been active since March 2022, it focused on small and medium-sized businesses in multiple industries, including finance, manufacturing, business services, and IT. Affiliates paid fees to administrators like Ptitsyn for decryption keys, with payments routed via unique cryptocurrency wallets from 2021–2024.

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U.S. ICE Leads Global Takedown of BlackSuit Ransomware Infrastructure

SecureWorld News

Immigration and Customs Enforcement (ICE) , the takedown demonstrates the value of cross-border collaboration in the fight against cybercrime. These attacks have brought in more than $370 million in cryptocurrency at current prices. According to U.S.

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Medusa ransomware hit over 300 critical infrastructure organizations until February 2025

Security Affairs

As of February 2025, Medusa developers and affiliates have impacted over 300 victims from a variety of critical infrastructure sectors with affected industries including medical, education, legal, insurance, technology, and manufacturing.” Victims can additionally pay $10,000 USD in cryptocurrency to add a day to the countdown timer.

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New PumaBot targets Linux IoT surveillance devices

Security Affairs

Darktrace researchers discovered a new botnet called PumaBot targets Linux-based IoT devices, using SSH brute-force attacks to steal credentials, spread malware, and mine cryptocurrency. PumaBot skips broad internet scans and instead pulls a list of targets from its C2 server to brute-force SSH logins. ” states the report.

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Chinese Cyberespionage Groups Probe SentinelOne in Sophisticated ShadowPad and PurpleHaze Campaigns

Penetration Testing

ShadowPad, a privately sold modular malware platform, was used in a global campaign spanning June 2024 to March 2025, compromising victims in manufacturing, government, finance, telecom, and research. These implants exfiltrated sensitive files such as certificates and cryptocurrency keys via a custom PowerShell exfiltration script.

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Top Cyber Attacker Techniques, August–October 2024

Digital Shadows

The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. Despite a slowdown in “LockBit” ransomware activity due to law enforcement actions and a loss of affiliate trust, it remains a key player.