cybercrime Archives

DOJ nets $112M from fraudsters dabbling in pig butchering scam

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10 April, 2023

DOJ nets $112M from fraudsters dabbling in pig butchering scam

Amid turbulence in the digital assets market, fraudulent activities like pig butchering scams continue to proliferate, with the U.S. DOJ...

Business

Steven Stradbrooke

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4 April, 2023

Binance’s Philippines ‘cybercrime’ partnership a disaster in the making

Binance has a well-deserved reputation of undermining local regulators by acting outside the rule of law when doing so improves...

Nigerian fintech giant Flutterwave loses $6.4M in hack, and traders are feeling the heat

Business

Steve Kaaru

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2 April, 2023

Nigerian fintech giant Flutterwave loses $6.4M in hack, and traders are feeling the heat

Flutterwave has attempted to cover up the hack despite a court petition to freeze accounts, with digital asset traders crying...

Elite North Korean hacking group exploits ‘crypto’ services to launder stolen currencies, strategic surveillance

Business

Wahid Pessarlay

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31 March, 2023

Elite North Korean hacking group exploits ‘crypto’ services to launder stolen currencies, strategic surveillance

While APT43 works independently from the government, the hacking group performs in line with the North Korean regime's ambition—to bolster...

South Korea logs $4.3B worth of illegal digital currency transactions in 2022

Business

Wahid Pessarlay

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11 March, 2023

South Korea logs $4.3B worth of illegal digital currency transactions in 2022

Amid stern regulations, illegal digital currency transactions in South Korea remain high, with authorities registering over $4 billion in 2022...

South Korea new sanctions target North Korea’s digital asset hackers

Business

Wahid Pessarlay

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15 February, 2023

South Korea new sanctions target North Korea’s digital asset hackers

Apart from the four individuals sanctioned by South Korea for plotting and initiating cyberattacks, seven institutions were also penalized for...

Russian cybercrime syndicate sanctioned following spree of attacks

Business

Wahid Pessarlay

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14 February, 2023

Russian cybercrime syndicate sanctioned following spree of attacks

The sanctioned members of the malware gang Trickbot have been listed under OFAC's SDN and will have all their illicit...

FBI dismantles Hive malware network, saves $130 million in ransom payments

Business

Steve Kaaru

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30 January, 2023

FBI dismantles Hive malware network, saves $130 million in ransom payments

The FBI gained access to the network months ago and has been giving decryption keys to Hive victims, before finally...

Ransomware revenues dip 40% as victims ‘refuse to pay’: Chainalysis

Business

Steve Kaaru

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25 January, 2023

Ransomware revenues dip 40% as victims ‘refuse to pay’: Chainalysis

The Chainalysis report says that a record 48% all cyber criminals now prefer centralized exchanges, shining a light on Binance...

North Korean hackers targeting Japanese financial firms with new malware

Business

Wahid Pessarlay

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31 December, 2022

North Korean hackers targeting Japanese financial firms with new malware

Working similarly with other hacking gangs, BlueNoroff uses fake websites and mimics popular VC firms and financial institutions to scam...

New report sheds light on BitKeep hack over the holidays

Business

Wahid Pessarlay

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30 December, 2022

New report sheds light on BitKeep hack over the holidays

BitKeep’s hacker reportedly created multiple fake sites to lure unsuspecting victims into updating their wallet apps before stealing their assets.

North Korean hackers deploy nearly 500 phishing domains to steal millions worth of NFTs: report

Business

Wahid Pessarlay

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29 December, 2022

North Korean hackers deploy nearly 500 phishing domains to steal millions worth of NFTs: report

An investigation by cybersecurity firm Slowmist revealed that the North Korean hackers are working with bad actors from Eastern Europe...

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