“Pen tester” who helped FIN7 gang cause $1 billion damage, sentenced to five years behind bars

A Ukrainian man has been sentenced to five years in prison by a US court for his involvement in the notorious criminal hacking group, FIN7.

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Notorious hacking group FIN7 adds ransomware to its repertoire

Ransomware strains such as Maze, Ryuk and BlackCat have increasingly been part of FIN7’s playbook in recent years, Mandiant says.

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FBI warns of hackers mailing malicious USB drives to spread ransomware

By Deeba Ahmed
FBI’s warning highlights the fact that one should never insert an unknown USB flash drive in their PCs.
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Alleged FIN7 scammer Denys Iarmak is set to plead guilty

An alleged member of the FIN7 hacking group is set to plead guilty, admitting to a role in a criminal organization that used front companies and array of fraud techniques to steal more than $1 billion from victims worldwide, CyberScoop has learned. Attorneys for Denys Iarmak, a Ukrainian national, have notified a federal court in Washington state that Iarmak intends to change his plea after he declared himself not guilty at a May 2020 arraignment hearing. While one defense counselor said Iarmak could change his mind before his next hearing, scheduled for Nov. 22, attorneys have agreed in principle to a plea deal with the U.S. Department of Justice. “That’s what’s most likely,” said defense attorney Michael Craig Nance, who is representing Iarmak in the Western District of Washington. “It’s not final until a person stands in court and says they’re guilty.” Iarmk was initially charged with a range of […]

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Cybercriminals are deploying legit security tools far more than before, researchers conclude

Financially motivated cybercriminals are increasingly turning to Cobalt Stike, a legitimate tool that cybersecurity professionals use to test system security, researchers at Proofpoint found. The cybersecurity firm declined to disclose specific numbers but reported a 161% increase in attacks using Cobalt Strike in 2020 compared to 2019. Proofpoint researchers have already seen tens of thousands of organizations targeted by the tool this year and expect those numbers to climb in 2021, according to the report the firm released Tuesday. Threat groups are able to get ahold of the tool from pirated versions circulating the dark web, according to Sherrod DeGrippo, senior director of threat research and detection at Proofpoint. Cobalt Strike is a popular tool for security testing because of the variety of attacks it enables. Most notable among them is Cobalt Strike Beacon, a malware that allows hackers to mask their activity and communications with a system once it’s infiltrated. Russian hackers […]

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