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$12.5 billion lost to cybercrime, amid tidal wave of crypto investment fraud

If you have been optimistically daydreaming that losses attributed to cybercrime might have reduced in the last year, it's time to wake up. The FBI's latest annual Internet Crime Complaint Center (IC3) report has just been published and makes for some grim reading. According to the IC3 report, online fraud hit record losses in 2023, with the...
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Making Sense of Financial Services Cybersecurity Regulations

The financial services sector faces unprecedented cybersecurity challenges in today's digital age. With the industry being a prime target for cybercriminals, understanding and adhering to cybersecurity regulations has never been more crucial. This article delves into the labyrinth of cybersecurity regulations affecting financial services,...
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Bring us the head of LockBit! $15 million bounty offered for information on leaders of notorious ransomware gang

A huge reward is being offered for information leading to the identification or location of any of the leaders of the LockBit ransomware gang. The bounty offer comes from the US State Department, following this week's disruption of the criminal organisation's activities. LockBit, which has been operating since 2020, has targeted thousands of...
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Data Brokering: A Thousand Things About Yourself

A recent report from Duke University's Sanford School of Public Policy has shed light on a concerning issue - data brokers are selling vast amounts of highly sensitive information about American military service members. This includes private data about active-duty personnel, veterans, and their families, encompassing sensitive health and financial...
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Rhysida ransomware cracked! Free decryption tool released

Good news for organisations who have fallen victim to the notorious Rhysida ransomware. A group of South Korean security researchers have uncovered a vulnerability in the infamous ransomware. This vulnerability provides a way for encrypted files to be unscrambled. Researchers from Kookmin University describe how they exploited an implementation...
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NCSC Warns That AI is Already Being Used by Ransomware Gangs

In a newly published report, the UK's National Cyber Security Centre (NCSC) has warned that malicious attackers are already taking advantage of artificial intelligence and that the volume and impact of threats - including ransomware - will increase in the next two years. The NCSC, which is part of GCHQ - the UK's intelligence, security and cyber...
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US Agencies Issue Cybersecurity Guide in Response to Cybercriminals Targeting Water Systems

US federal agencies have teamed up to release a cybersecurity best practice guidance for the water and wastewater sector (WWS). The Cybersecurity and Infrastructure Security Agency (CISA), United States Environmental Protection Agency (EPA), and Federal Bureau of Investigation (FBI) have published the guide in an attempt to promote cybersecurity...
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Critical flaw found in WordPress plugin used on over 300,000 websites

A WordPress plugin used on over 300,000 websites has been found to contain vulnerabilities that could allow hackers to seize control. Security researchers Ulyses Saicha and Sean Murphy found two critical flaws in the POST SMTP Mailer plugin. The first flaw made it possible for attackers to reset the plugin's authentication API key and view...
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Cryptocurrency wallet CEO loses $125,000 in wallet-draining scam

Anyone can get scammed. If you think you're somehow immune to being scammed, then, in my opinion, you're a prime target for being scammed. No one is too big, too clever, too security-savvy to avoid being duped because it's only human to make a mistake and screw up. And that certainly seems to be the case with Bill Lou. Bill Lou is the CEO and co...
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Google Forms Used in Call-Back Phishing Scam

What's happened? Researchers at Abnormal have discovered the latest evolution in call-back phishing campaigns. Call-back phishing? Traditional phishing emails might contain a malicious link or attachment, and lure recipients into clicking on them via social engineering techniques. Call-back phishing dupes unsuspecting victims into telephoning a...
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Kelvin Security cybercrime gang suspect seized by Spanish police

A malicious hacking group, thought to have been operating since at least 2013, may have suffered a significant blow after the arrest of a suspected leading member by Spanish police late last week. Spain's National Police arrested a Venezuelan man in Alicante on Thursday, in the belief that he is connected to the Kelvin Security gang. In an...
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BlackSuit ransomware - what you need to know

What's going on? A cybercriminal group calling itself BlackSuit has claimed responsibility for a series of ransomware attacks, including breaches at schools in central Georgia. And earlier in the year, a zoo in Tampa Bay was targeted by the same hacking gang. Meanwhile, liberal arts college DePauw University in Indiana says that it was recently...
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Supply-chain ransomware attack causes outages at over 60 credit unions

Over sixty credit unions across the United States have been taken offline following a ransomware attack at one of their technology providers - demonstrating once again the damage that can be caused by a supply-chain attack. There are a few moving parts here, so here’s a quick summary: Trellance - A provider of solutions and services used by credit...
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Ex-worker phished former employer to illegally hack network and steal data

Once again, companies are being warned to be wary of past employees who may turn rogue. 28-year-old Andrew Mahn, of Derry, New Hampshire, has pleaded guilty to charges that he illegally hacked the network of his former company, telecoms firm Motorola after he successfully tricked current staff into handing over their login credentials Mahn, who...
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$9 million seized from "pig butchering" scammers who preyed on lonely hearts

US authorities have seized almost $9 million worth of cryptocurrency linked to a gang engaged in cryptocurrency investment fraud and romance scams. The US Department of Justice has announced that the seized funds are connected to cryptocurrency wallet addresses alleged to be associated with a "pig butchering" gang that has claimed over 70 victims...
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CherryBlos, the malware that steals cryptocurrency via your photos - what you need to know

What's the deal with CherryBlos? CherryBlos is a rather interesting family of Android malware that can plunder your cryptocurrency accounts - with a little help from your photos. Wait. I've heard of hackers stealing photos before, but what do you mean by malware stealing cryptocurrency via my photos? How does it do that? Well, imagine you have...
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Phony Corsair job vacancy targets LinkedIn users with DarkGate malware

Job hunters should be on their guard. Researchers at security firm WithSecure have described how fake job opportunities are being posted on LinkedIn with the intent of spreading malware. A Vietnamese cybercrime gang is being blamed for a malware campaign that has seen bogus adverts posted on LinkedIn, pretending to be related to jobs at computer...