Collaborate Disseminate
The most famous policeman in Nigeria is in hot water over his links to Hushpuppi, has your Amazon Echo been talking to itself, and can an AI girlfriend save your marriage?
All this and much more is discussed in the latest edition of the award-winnin… Continue reading Smashing Security podcast #265: The Nigerian supercop and Alexa vs. Alexa
International law enforcement authorities say they’ve arrested nearly a dozen members of a notorious Nigerian cybercrime gang potentially responsible for targeting as many as 50,000 victims in various scams in recent years. Some of the 11 suspects are thought to be associated with “SilverTerrier,” a syndicate accused of employing a range of malware variants in tens of thousands of financial scams dating back to at least 2014, Interpol said Wednesday. The announcement comes two months after three members of the same group were arrested after a year-long Interpol-led investigation called Operation Falcon into the prolific business email compromise (BEC) scams the group’s members are alleged to have pulled off over the years. Authorities called this latest roundup Operation Falcon II. The arrests occurred between Dec. 13 and 22, but it’s not clear exactly where. A statement from a senior Nigerian law enforcement official and included in the Interpol release referenced […]
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Continue reading Interpol arrests 11 alleged members of Nigerian scam syndicate ‘SilverTerrier’
By Deeba Ahmed
The scam involved attempts to hire insiders to install DemonWare ransomware on their employer’s IT systems.
This is a post from HackRead.com Read the original post: Ransom Your Employer Email Scam Suspect Arrested
Continue reading Ransom Your Employer Email Scam Suspect Arrested
Eight suspected members of an international crime consortium have been arrested in South Africa, and accused of participating in money laundering schemes, financial fraud, and internet-based romance scams.
Read more in my article on the Hot for Secu… Continue reading Romance scam suspects rounded up in South Africa after 100 women targeted
The White House on Wednesday and Thursday will convene meetings with representatives from more than 30 countries to discuss how to counter ransomware, leaving out the country the president most frequently criticizes for hosting gangs of hackers: Russia. “Participants will cover everything from efforts to improve national resilience, to experiences addressing the misuse of virtual currency to launder ransom payments, our respective efforts to disrupt and prosecute ransomware criminals and diplomacy as a tool to counter ransomware,” a senior administration official told reporters on Tuesday. The official didn’t specify why Russia didn’t get an invitation beyond unnamed “constraints.” The lack of an invitation this time “doesn’t preclude future opportunities for them to participate.” The U.S. also has other avenues for discussing ransomware with the Kremlin, the official said. The lack of an invitation for Russia exemplifies the tensions over when the U.S. might involve more adversarial nations in discussions over […]
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Continue reading White House set to lead 30 nations in ransomware discussions, sans Russia
33 individuals linked to Business Email Compromise attacks and romance scams have been arrested and charged in Texas.
Read more in my article on the Hot for Security blog. Continue reading Romance scammers arrested in Texas for defrauding elderly lonely hearts
Ransomware operators have taken their profession’s profitability to new heights in the last couple years by outsourcing their work with the “ransomware-as-a-service” model, in which hackers lease out their malware in exchange for shares of the resulting extortion payments. Now, a cyber firm has found a ransomware operator going one step further: asking prospective victim companies’ personnel to deploy ransomware on their behalf, then take a cut of the proceeds. Abnormal Security on Thursday said it recently blocked a batch of emails to its customers that solicited recipients to infect their employers’ networks with ransomware. Researchers set up a fake identity to communicate with the would-be ransomware/insider scheme mastermind — who went by the screen name “Pablo” — under the ruse that the persona would do Pablo’s criminal bidding. The incident, which occurred in mid-August, marks another tactical swerve in the ever-shifting world of ransomware techniques, and if Pablo’s to […]
The post Researchers nab wannabe ransomware scammer trying to convince victims to help hack their employer appeared first on CyberScoop.
On July 27, 2021, Ramon Olorunwa Abbas, also known as Hushpuppi, decided that his best plan would be to avoid spending the rest of his life in prison was to plead guilty. I’ve actually never seen a plea agreement with so much redacting, but we c… Continue reading Hushpuppi Pleads Guilty: Sentence Estimate? 11-14 Years
Kenyan consumer experience platform for businesses in Africa, Ajua today announced that it has acquired WayaWaya, a Kenya-based AI and ML messaging and payments company. WayaWaya’s customers and partners include the likes of I&M Bank, Interswitch and MTN. The company offers a range of services, from digital banking and payment services to financial services APIs […] Continue reading Kenya’s Ajua acquires WayaWaya to consolidate consumer experience play in African SMEs
Ideally, it is expected of every business to reach its customers effectively. However, that’s not the case as limiting factors that hinder proper digital communication come into play at different growth stages. Termii, a Nigerian communications platform-as-a-service startup that solves this problem for African businesses, announced today that it has closed a $1.4 million seed round. […] Continue reading Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures