Collaborate Disseminate
Dear blog readers,I’ve recently updated my original “Cybercrime Forum Data Set for 2019” to include an additional dozen of publicly accessible cybercrime-frindly forum communities which are ready for processing and enrichment. With the original Data Se… Continue reading Dancho Danchev’s Cybercrime Forum Data Set for 2019 – Request a Copy Today!
On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering platform, another startup in the space is levelling up. Feedzai, which provides banks, others in the financial sector, and any company managing payments online with AI tools to spot and fight fraud […] Continue reading Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud
Dear blog readers,I’ve decided to share yet another currently active portfolio of personal email address accounts belonging to high-profile and persistent 419 scammers including related scammers with the idea to assist U.S Law Enforcement including the… Continue reading Exposing a Currently Active Portfolio of Personal Email Address Accounts Belonging to 419 Scammers and Related Scammers – An OSINT Analysis
Dear blog readers,I wanted to take the time and effort and present one of the most comprehensive and publicly accessible portfolio of currently active money mule recruitment domains for the purpose of assisting U.S Law Enforcement and the U.S Intellige… Continue reading Exposing the Modern Money Mule Recruitment Ecosystem – An In-Depth OSINT Analysis
In a case that stretches back to a much simpler era for cybercrime, a Ukrainian man was sentenced Thursday to more than seven years in prison after pleading guilty to helping launder money for Eastern Europeans who hacked into U.S. bank accounts. The U.S. Department of Justice said Aleksandr Musienko, 38, agreed to an 87-month prison term and $98,751.64 in restitution under the plea deal. From 2009 to 2012, Musienko, who sometimes used the alias Robert Davis, “partnered with Eastern European computer hackers to obtain over $3 million from U.S. victims’ bank accounts and launder the stolen funds from U.S. bank accounts overseas,” the department said Thursday in announcing the deal. Musienko ran a network of “money mules” as part of the scheme, prosecutors said. The FBI’s Charlotte, North Carolina, office took the lead in prosecuting Musienko, focusing on a specific fraud case in that state. According to a 2016 […]
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Continue reading Ukrainian gets US prison term in decade-old cybercrime, money-laundering case
A Ukrainian citizen received a nine-year prison sentence for a scheme in which he tried to steal $10 million from Microsoft. On November 9, the U.S. District Court in Seattle handed down the sentence to Volodymyr Kvashuk, 26, a Ukrainian citizen who wa… Continue reading Ukrainian Gets 9 Years in Prison for Trying to Steal $10M from Microsoft
Accused Russian cybercriminal Alexander Vinnik’s legal odyssey continues Monday in Paris, where he faces trial on charges of extortion, money laundering and involvement in organized crime. It’s the latest milestone in a case that spans multiple countries: Vinnik was arrested in 2017 in Greece, which extradited him to France this year with the understanding that he was also wanted in the U.S. and Russia. French and U.S. prosecutors allege Vinnik helped create the infamous Locky ransomware and then launder the resulting bitcoin ransom payments through the BTC-e cryptocurrency exchange. French prosecutors are focusing on $157 million that the alleged scheme captured from French organizations. The U.S. Department of Justice says he laundered about $4 billion while running BTC-e, which also allegedly provided services to other scams. In Russia, he faces smaller-scale charges of fraud. Vinnik’s arrival in France in January followed a nearly two-year battle over where Greek authorities would send the 41-year-old, who […]
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Continue reading Alexander Vinnik heads to trial in France on ransomware, money laundering charges
While shutting down the technical aspects of malware is critical (see Trickbot on the Ropes Part 1), the real disincentive to the criminals is when you hit them hard in the money. That was the objective of Europol’s Operation 2BaGoldMule case against … Continue reading Trickbot on the Ropes Part 2: The QQAAZZ Money Laundering Ring
U.S. and European law enforcement have embarked on a coordinated crackdown on an Eastern European cybercriminal group accused of trying to launder tens of millions of dollars stolen from victims. Fourteen people have been charged for allegedly laundering money for QQAAZZ, as the group is known, the U.S. Justice Department announced Thursday. Meanwhile, houses were raided across Europe, a number of arrests were made in Latvia and a cryptocurrency mining operation was seized in Bulgaria. It’s the most significant law enforcement offensive to date against QQAAZZ, whose members are allegedly from Bulgaria, Latvia, Georgia, Romania and elsewhere. The network has allegedly operated hundreds of bank accounts throughout the world to launder money stolen by criminal hackers, sometimes converting it to cryptocurrency. They stand accused of hawking their “bank drops service” on Russia-speaking cybercriminals forums. “The criminal gangs behind some of the world’s most harmful malware families are among those cybercriminal groups […]
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A federal jury convicted the owner of a bitcoin exchange for his role in a multi-million dollar scheme involving online auction fraud. On September 28, a federal jury in Frankfort, Kentucky found Bulgarian national Rossen Iossifov, 53, guilty of one co… Continue reading Bitcoin Exchange Owner Convicted for Role in Web Auction Fraud Scheme