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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. “Brickings” are among the “violence-as-a-service” offerings broadly available on many cybercrime channels. 9, 2024, U.S.

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BEC Is 62 Times More Profitable than Ransomware, IC3 Finds

Hot for Security

The FBI’s Internet Crime Complaint Center (IC3) is out with its annual Internet Crime Report, revealing that Business Email Compromise (BEC) remains a lucrative affair for cyber crooks – 62 times more lucrative than ransomware. billion.”. “BEC/EAC million in 2020.

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What Is Spear Phishing and How to Avoid It

Identity IQ

The internet, brimming with information and opportunity, can also be dangerous. Spear phishing is a targeted form of cybercrime that focuses on specific individuals or organizations. The selection process involves meticulous research and social engineering to help identify potential targets. What Is Spear Phishing?

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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. Ngo’s former identity theft service, superget[.]info. Secret Service.

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State of Cybercrime 2020: FBI Report

SecureWorld News

The FBI just released its annual Internet Crime Report, and it is truly a sign of the times. The FBI notes that the Internet Crime Complaint Center (IC3) has been key to its mission to track cybercrimes. And this year's report highlights five "hot topics.". Business Email Compromise 2020.

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The Origins and History of the Dark Web

Identity IQ

The Origins and History of the Dark Web IdentityIQ The dark web is a hidden part of the internet that cannot be accessed as easily. The dark web consists of websites and services that operate anonymously and aren’t accessible in the “public” part of the internet. The deep web is far and away the largest part of the internet.

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Cybercriminals Implemented Artificial Intelligence (AI) for Invoice Fraud

Security Affairs

Resecurity has uncovered a cybercriminal faction known as “ GXC Team “, who specializes in crafting tools for online banking theft, ecommerce deception, and internet scams. This tactic underscores their commitment to identity theft and the exploitation of unsuspecting individuals through deceptive online means.