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FIN7 hacking gang’s “pen tester” jailed for seven years by US court

Hot for Security

The Western District of Washington has sentenced a Ukrainian man to seven years in prison for his role in a hacking gang that are estimated to have caused more than one billion dollars worth of damage. Earlier this year, another member of FIN7 was sentenced to 10 years in jail for his involvement in the cybercrime gang’s activities.

Hacking 137
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Security Affairs newsletter Round 435 by Pierluigi Paganini – International edition

Security Affairs

ransomware builder used by multiple threat actors Cisco fixes 3 high-severity DoS flaws in NX-OS and FXOS software Cybercrime Unpacking the MOVEit Breach: Statistics and Analysis Cl0p Ups The Ante With Massive MOVEit Transfer Supply-Chain Exploit FBI, Partners Dismantle Qakbot Infrastructure in Multinational Cyber Takedown U.S.

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Sysadmin of fake cybersecurity company sentenced to jail after billion-dollar crime spree

Hot for Security

Notorious FIN7 gang stole payment card details from retailers around the world Cybercrime gang posed as penetration testing firm to recruit hackers. A key member of the FIN7 cybercrime gang – which is said to have caused over one billion dollars worth of damage around the world – has been sentenced to 10 years in jail.

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5 The report outlines how cyber hacking groups are becoming more specialised and diversified, with some groups now using SME’s security systems as a training ground for new hackers to learn their trade.

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TA547 targets German organizations with Rhadamanthys malware

Security Affairs

The TA547 group sent emails to the victims impersonating the German retail company Metro, purportedly related to invoices. Like LLM-generated social engineering lures, threat actors may incorporate these resources into an overall campaign.” ” concludes the report.

Malware 101
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FIN7 hacking gang’s “pen tester” jailed for seven years by US court

Hot for Security

The Western District of Washington has sentenced a Ukrainian man to seven years in prison for his role in a hacking gang that are estimated to have caused more than one billion dollars worth of damage. Earlier this year, another member of FIN7 was sentenced to 10 years in jail for his involvement in the cybercrime gang’s activities.

Hacking 52
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How Cybercriminals are Weathering COVID-19

Krebs on Security

Most online retailers years ago stopped shipping to regions of the world most frequently associated with credit card fraud, including Eastern Europe, North Africa, and Russia. If that were the case, we’d also expect to see dumps prices fall significantly across the cybercrime economy.