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Cybercrime / News Briefs

281 Arrested Worldwide by US Federal Authorities in Connection With Business Email Compromise Scheme

U.S. Department of Justice says federal authorities successfully carried out a "significant" coordinated effort to disrupt Business Email Compromise (BEC) schemes designed to intercept and hijack wire transfers from businesses and individuals. more

The Insecurity of the IoT is Only Getting More Profound, Says Principal Researcher at F-Secure

"Three years after Mirai first appeared, and two years after WannaCry, it shows that we still haven't solved the problems leveraged in those outbreaks," said F-Secure Principal Researcher Jarno Niemela. more

Ransomware Causes 15 Schools in Arizona To Stay Closed For a Second Day

The Flagstaff Unified School District (FUSD), in Arizona which consists of 15 schools and over 9,600 students, canceled classes on both Thursday and Friday after a ransomware virus was found on multiple servers. more

Phishing Attacks Targeting Executives Now Top Cybersecurity Insurance Claims, Says AIG

A new report published by the insurance giant, AIG, claims phishing attacks via email, often targeted at senior executives, has overtaken ransomware. more

By 2021 Cost of Cybercrime to Top Annual Natural Disasters and Global Drug Trade Costs, Says Report

By 2021, it is estimated that cybercrime will cost the global economy more than $6 trillion in damages, exceeding annual costs for natural disasters and the global drug trade. more

Close to 200K Phishing Domains Discovered in a 5-Month Span, 66% Targetted Consumers, Akamai Reports

Between December 2, 2018 and May 4, 2019, 197,524 phishing domains were discovered, 66% of which directly targeted consumers according to the latest State of the Internet report by Akamai. more

A Seattle Woman Charged With Capital One Data Theft Affecting 106 Million People

Major US bank Capital One Financial Corporation confirmed Monday evening that unauthorized access was made by an outside individual who obtained "certain types of personal information" on credit card products and Capital One credit card customers. more

A 60% Rise Reported on Malware Designed to Harvest Consumers' Digital Data, aka Password Stealers

A significant rise has been detected in the use of malware aimed at harvesting consumer data, known as password stealers. more

Florida Cities Are Paying Hundreds of Thousands of Dollars in Ransom to Get Their Data Back

Lake City became the second Florida city to pay a substantial ransomware demand to hackers in less than a week. more

Baltimore Gets Hacked: Main Computer Systems Crippled, Experts Estimate Months to Recover

On May 7, hackers breached parts of the computer systems that run Baltimore's government, taking down essential systems such as voice mail, email, a parking fines database, payment systems used for water bills, property taxes, real estate transactions and vehicle citations. more

Hackers in Possession of Over 312K Files, 516GB Financial Data of Some of World's Largest Companies

A report broke today revealing hackers have successfully breached a German internet infrastructure firm that provides services to several large companies, including Ericsson, Leica, Toshiba, UniCredit, British Telecom, Hugo Boss, NH Hotel Group, Oracle, Airbus, Porsche, and Volkswagen. more

Hacker Has Released Close to a Billion User Records Over the Past Two Months, Reports ZDNet

A hacker by the name of Gnosticplayers has claimed responsibility for the hacking of 44 companies resulting in over a billion user data. Hacker also gotten dangerously close to releasing the records, ZDNet reports. more

FBI, Department of Homeland Security Issue Warning About a North Korean Trojan Malware Variant

The US Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) this week issued a malware analysis report on Trojan malware variants linked to the North Korean government. more

Russia Is Studying China's Legislative Experience in Fighting Internet Corruption, Cyber-Terrorism

Russian State Duma deputy, chairman of the Committee on Security and Corruption Control Vasily Piskarev told Russian reporters on Tuesday that Russia is studying China's legislative experience in dealing with corruption, cyber-terrorism and cross-border crime on the Internet. more

Cryptominers Infected 10x More Organizations Than Ransomware in 2018

A new security report reveals cryptominers infected ten times more organizations than ransomware in 2018, but only one in five IT security professionals were aware their company's networks had been infected by mining malware. more