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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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XE Group shifts from credit card skimming to exploiting zero-days

Security Affairs

The cybercrime group XE Group exploited a VeraCore zero-day to deploy reverse shells, web shells in recent attacks. “By targeting supply chains in the manufacturing and distribution sectors, XE Group not only maximizes the impact of their operations but also demonstrates an acute understanding of systemic vulnerabilities.

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Chinese Android phones shipped with malware-laced WhatsApp, Telegram apps

Security Affairs

Doctor Web warns that the attackers gained access to the supply chain of a number of Chinese manufacturers of Android-based smartphones. A third of the models listed below are manufactured under the SHOWJI brand.“ The kits analyzed by the company are commercialized by many manufacturers including Huawei, Lenovo and Xiaomi.

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Passwordless Authentication without Secrets!

Thales Cloud Protection & Licensing

However, industries reliant on shared devices—such as healthcare, retail, and manufacturing—face unique challenges. Similarly, in retail and manufacturing, delays caused by authentication procedures reduce overall efficiency. These fast-paced environments need a more flexible approach to balance security, speed, and user privacy.

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Law enforcement operations seized BlackSuit ransomware gang’s darknet sites

Security Affairs

BlackSuit is believed to be a rebrand of Royal ransomware , which the FBI and CISA linked to the Conti cybercrime group, a major player in Russian cybercrime. The BlackSuit ransomware targeted various critical infrastructure sectors, including commercial facilities, healthcare, government, and manufacturing.

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Hive0117 group targets Russian firms with new variant of DarkWatchman malware

Security Affairs

A cybercrime group named Hive0117 is behind a fresh phishing campaign that targeted Russian organizations with a new version of the DarkWatchman malware, according to Russian cybersecurity firm F6. Hive0117 targets Russian firms in multiple sectors with phishing attacks using a modified version of the DarkWatchman malware.

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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.