Collaborate Disseminate
BEC fraudsters now have bases of operation across at least 39 counties and are responsible for $26 billion in losses annually — and growing. Continue reading BEC Attacks: Nigeria No Longer the Epicenter as Losses Top $26B
In many ways, the COVID-19 pandemic has been a boon to cybercriminals: With unprecedented numbers of people working from home and anxious for news about the virus outbreak, it’s hard to imagine a more target-rich environment for phishers, scammers and malware purveyors. In addition, many crooks are finding the outbreak has helped them better market their cybercriminal wares and services. But it’s not all good news: The Coronavirus also has driven up costs and disrupted key supply lines for many cybercriminals. Continue reading How Cybercriminals are Weathering COVID-19
The U.S. Justice Department this month offered a $5 million bounty for information leading to the arrest and conviction of a Russian man indicted for allegedly orchestrating a vast, international cybercrime network that called itself “Evil Corp” and stole roughly $100 million from businesses and consumers. As it happens, for several years KrebsOnSecurity closely monitored the day-to-day communications and activities of the accused and his accomplices. What follows is an insider’s look at the back-end operations of this gang. Continue reading Inside ‘Evil Corp,’ a $100M Cybercrime Menace
Operation reWired=tired cops worldwide! 167 suspects were cuffed in Nigeria and 74 in the US, among 8 other countries. Continue reading Massive email fraud bust snares 281 suspects
It’s not longer enough to be wary of flash-in-the-pan “lovers” who ask you to send money; now they’re asking you to open accounts for them. Continue reading Scammers recruiting money mules on dating sites is on the rise, says FBI
This week, your Lenovo X is watching you & sharing information, a client-side DNS attack emerges from academic research, a macOS vulnerability leaks safari data, hackers hit VFEmail & wipe US servers and backups, and a check-in system flaw … Continue reading Watch X, macOS, & Fraudsters – Hack Naked News #207
Young people are being talked into handing over their bank details with the promise of some easy cash. Continue reading Get-rich-quick social media scams are turning teens into money mules
The hackers have made ATMs across Europe spit out cash upon command. Continue reading Cobalt/Carbanak bank malware gang’s alleged leader arrested
Fraudsters who hack corporate bank accounts typically launder stolen funds by making deposits from the hacked company into accounts owned by “money mules,” willing or unwitting dupes recruited through work-at-home job scams. The mules usually are then asked to withdraw the funds in cash and wire the money to the scammers. Increasingly, however, the mules are being instructed to remit the stolen money via Bitcoin ATMs. Continue reading ‘Money Mule’ Gangs Turn to Bitcoin ATMs
Cybercriminals often leverage time-tested methods of money laundering to stay undetected and move stolen funds across secret accounts.
The post It All Comes Out in the Wash: The Most Popular Money Laundering Methods in Cybercrime appeared first on Security Intelligence.