cybercrime News

FBI, European Partners Seize Major Malware Network in Blow to Global Cybercrime

U.S. officials said Tuesday that the FBI and its European partners infiltrated and seized control of a major malware network used for more than 15 years to commit a gamut of online crimes including crippling ransomware attacks. They then remotely …

Tornado Cash Founders Charged by US in Money Laundering Scheme

Two founders of Tornado Cash, a cryptocurrency mixing service that has been under scrutiny by various US agencies for more than a year, were charged with helping launder more than $1 billion for clients that included a North Korean cybercrime …

Deepfake Imposter Scams Are Driving a New Wave of Fraud

Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of science fiction, but these techniques are already available …

Crypto Must End Anonymity for Illicit Finance, U.S. Regulator Says

Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security risks that must be addressed. Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission, said cryptocurrencies were …

Woman Gets Probation for Massive Capital One Hack in 2019

A former Seattle tech worker convicted of several charges related to a massive hack of Capital One bank and other companies in 2019 was sentenced Tuesday to time served and five years of probation. U.S. District Judge Robert S. Lasnik …

Accounts Deceivable: Email Scam Costliest Type of Cybercrime

It’s a crime that siphons untold billions from the economy — but many people have never heard of it. Business Email Compromise scams involve criminals hacking into email accounts, pretending to be someone they’re not and fooling victims into sending …

Cyber Criminals Target Remote Workers and ‘Critical Infrastructure to Corner Stores’

The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An increasing number of attacks were …

Kaysea Ransomware Attack Caused ‘Minimal Damage’ to U.S. Firms, Biden Says

President Joe Biden said on Tuesday the ransomware attack centered on the Florida information technology firm Kaseya seems to have inflicted only “minimal damage” on American businesses. “It appears to have caused minimal damage to U.S. businesses, but we’re still …

The Lowdown: For Agents – The Latest on Cyber Predictions & Myths

This week’s Lowdown features two informative reports, the current State of Cybercrime, by RSA and Top Myths of Cyber Risk for Small & Medium-Sized Businesses, by Relation. Combined, these two reports offer you insights into the cyber risks facing you …

San Francisco Becomes the First City to Sue in Equifax Breach

San Francisco has filed a lawsuit against Equifax, becoming the first city in the country to sue the credit reporting company over a massive data breach that exposed the personal information of about 143 million Americans. The city’s lawsuit in …