A U.S. federal court at the behest of Microsoft seized multiple domains used by a Vietnamese cybercrime group that created 750 million fraudulent Microsoft accounts while raking in millions of dollars in illicit revenue. Storm-1152 also sold services to bypass CAPTCHA.
This week: 2023 hacking statistics, order for ex-Binance chief to stay in U.S., a $25M crypto AI scam indictment, a $2.7M OKX hack, a Bitcoin security flaw in the NVD, a Uranium hacker's laundering scheme, NDAA rejection of crypto provisions, and Poloniex on regulator radar.
This week, French police arrested an alleged Hive "banker," Amazon cracked down on a refund fraud ring, Ukraine military intelligence said it hacked the Russian tax system, the U.K. Ministry of Defense was fined and Kraft Heinz said it is doing fine after an alleged ransomware attack.
The Philippines' efforts to respond to growing cyberespionage threats and disruptive cyberattacks may get bogged down by systemic issues, including long-pending cybersecurity legislation, lack of resources and glaring gaps in forensic capabilities. But time is not on the country's side.
Ukraine's domestic security agency on Wednesday fingered Russian military hackers as being responsible for hacking Kyivstar, in a statement acknowledging damage to the telecom operator's digital infrastructure. Ukraine's top telecom operator was the target of a Tuesday cyberattack.
The Cybersecurity and Infrastructure Security Agency released an advisory Wednesday warning that a Russian military intelligence unit has been actively exploiting a widely used software product since September as part of an effort to gain long-term access to compromised systems.
Hackers are exploiting OAuth applications to compromise user accounts, manipulate and confer elevated privileges, and set up cryptomining operations, which has cost some organizations up to $1.5 million in losses, according to Microsoft's Threat Intelligence team.
Russia and China are expert at picking the "most difficult nexuses" in society - such as free speech protections in the United States - and using them against us, said Jeff Moss, creator of the Black Hat conference, as he outlined near-term geopolitical challenges facing cybersecurity defenders.
Major government agencies in the United States intend to apply artificial intelligence, but the majority of planned use cases are still at the planning stage, a congressional watchdog said. Missing from those efforts is governmentwide guidance on the acquisition and use of AI technologies.
Check fraud, scams and account takeovers dominated the fraud landscape in 2023. Banks and other financial institutions are expected to continue to struggle with account takeovers as fraudsters have changed their modus operandi, making it difficult to track fraudulent proceeds.
Seeking to maximize profits no matter the cost, ransomware groups have been bolstering their technical prowess and psychological shakedowns with a fresh strategy: attempting to control the narrative. Experts are warning security researchers and journalists to beware being co-opted.
Research by SentinelOne, Microsoft and PwC threat intelligence found "substantial cooperation and coordination" between Chinese threat groups on their choice of victims in the Middle Eastern region, shared infrastructure and tooling, and management practices.
A U.K. parliamentary committee investigating ransomware threats recommended a more aggressive stance against threat actors and said the government should consider making incident reporting mandatory and provide government support for public sector victims "to the point of full recovery."
North Korean hacking group Lazarus Group is exploiting Log4Shell to target manufacturing, agriculture and physical security sectors, resulting in the deployment of a tailored implant on compromised systems. The attack campaign targeted publicly accessible VMware Horizon servers.
Ukrainian telecom operator Kyivstar was the target of a cyberattack that knocked internet access and mobile communications offline on the same day Ukrainian President Volodymyr Zelenskyy is in Washington to boost the case for additional military aid.
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