Items tagged with cybercrime

Ransomware attacks have been on the rise. This time around, the small Ontario, Canada town of St. Marys has been targeted. The ransomware organization behind the attack seems to be LockBit. So far though, no ransom has been paid. The town itself claims that most city functions are still operational and staff are still... Read more...
Startup blockchain company Harmony has posted a $1 million bounty reward on Twitter for the return of stolen crypto funds. The company says it will advocate for no criminal charges if the $100 million in stolen Horizon bridge funds are returned. Cyber criminals employ different methods for stealing funds from... Read more...
The Securities and Exchange Commission (SEC) is beefing up its Crypto Assets and Cyber Unit in an attempt to protect crypto investors and further thwart cyber-related threats. The unit, formerly known as the Cyber Unit, is adding 20 positions to its cyber-crime fighting force. The Crypto Assets and Cyber Unit has... Read more...
There’s a new White Rabbit on the loose. While it does involve hackers, it’s got nothing to do with Neo. Instead, it’s yet another new ransomware family that recently appeared, targeting financial institutions. Possibly a side operation of the FIN8 hacking group, White Rabbit was recently used to attack a US bank... Read more...
When we report on cybersecurity breaches, all too often it involves innocent individuals (or companies) that are on the receiving end of the attack. Such is the case with Chinese hackers that exploited Microsoft Exchange servers. Now, it appears that a hacker vigilante has breached four long-running and venerated... Read more...
When is it fair to deem a botnet "complex"? Well, I think it's fair to label it as such when it requires a collection of cybercrime fighters from the US and Europe to ultimately give it its final blow. Here's some context: "On 8 April, Europol’s European Cybercrime Centre (EC3) and the Joint Cybercrime Action... Read more...
Microsoft has long battled botnets and the cybercriminals who create them, but today marks a new level of intensity in the fight: Microsoft today opened the Cybercrime Center, a massive research and command center for Microsoft’s top security experts. One of the offices at the new Microsoft Cybercrime Center... Read more...
In what sounds like a scene out of one of those (well meaning, but never remotely accurate) cyber-action movies, teams of technicians from Symantec and Microsoft’s Digital Crimes unit wielding a court order from the U.S. District Court in Alexandria, Virginia, were escorted by U.S. Federal Marshals in raids on data centers in New Jersey... Read more...
According to new research sponsored by HP, the cost and frequency of cybercrime has increased for the third straight year. The third-annual Cost of Cyber Crime Study shows the occurrence of cyberattacks has more than doubled since 2010. The cost of the attacks has increased by nearly 40 percent over the same three... Read more...
The rise of social networking has given rise to a whole new species of cyber criminals, experts warn.When people sign up on Facebook, for example, they tend not to think twice about putting in their birth date. But combine that with all sorts of other personal data in your profile — contact info including phone numbers and e-mail addresses,... Read more...