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Read more about the article NY Man Pleads Guilty in $20 Million SIM Swap Theft

NY Man Pleads Guilty in $20 Million SIM Swap Theft

  • Post author:Diran Taofeek Folami
  • Post published:December 16, 2021
  • Post category:Cybersecurity
  • Post last modified:December 16, 2021

A 24-year-old New York man who bragged about helping to steal more than $20 million worth of cryptocurrency from a technology executive has pleaded guilty to conspiracy to commit wire…

Continue ReadingNY Man Pleads Guilty in $20 Million SIM Swap Theft
Read more about the article Canada Charges Its “Most Prolific Cybercriminal”

Canada Charges Its “Most Prolific Cybercriminal”

  • Post author:Diran Taofeek Folami
  • Post published:December 9, 2021
  • Post category:Cybersecurity
  • Post last modified:December 9, 2021

A 31-year-old Canadian man has been arrested and charged with fraud in connection with numerous ransomware attacks against businesses, government agencies and private citizens throughout Canada and the United States.…

Continue ReadingCanada Charges Its “Most Prolific Cybercriminal”
Read more about the article Who Is the Network Access Broker ‘Babam’?

Who Is the Network Access Broker ‘Babam’?

  • Post author:Diran Taofeek Folami
  • Post published:December 3, 2021
  • Post category:Cybersecurity
  • Post last modified:December 3, 2021

Rarely do cybercriminal gangs that deploy ransomware gain the initial access to the target themselves. More commonly, that access is purchased from a cybercriminal broker who specializes in acquiring remote…

Continue ReadingWho Is the Network Access Broker ‘Babam’?
Read more about the article Arrest in ‘Ransom Your Employer’ Email Scheme

Arrest in ‘Ransom Your Employer’ Email Scheme

  • Post author:Diran Taofeek Folami
  • Post published:November 22, 2021
  • Post category:Cybersecurity
  • Post last modified:November 22, 2021

In August, KrebsOnSecurity warned that scammers were contacting people and asking them to unleash ransomware inside their employer’s network, in exchange for a percentage of any ransom amount paid by…

Continue ReadingArrest in ‘Ransom Your Employer’ Email Scheme
Read more about the article Tech CEO Pleads to Wire Fraud in IP Address Scheme

Tech CEO Pleads to Wire Fraud in IP Address Scheme

  • Post author:Diran Taofeek Folami
  • Post published:November 18, 2021
  • Post category:Cybersecurity
  • Post last modified:November 18, 2021

The CEO of a South Carolina technology firm has pleaded guilty to 20 counts of wire fraud in connection with an elaborate network of phony companies set up to obtain…

Continue ReadingTech CEO Pleads to Wire Fraud in IP Address Scheme
Read more about the article Hoax Email Blast Abused Poor Coding in FBI Website

Hoax Email Blast Abused Poor Coding in FBI Website

  • Post author:Diran Taofeek Folami
  • Post published:November 13, 2021
  • Post category:Cybersecurity
  • Post last modified:November 13, 2021

The Federal Bureau of Investigation (FBI) confirmed today that its fbi.gov domain name and Internet address were used to blast out thousands of fake emails about a cybercrime investigation. According…

Continue ReadingHoax Email Blast Abused Poor Coding in FBI Website
Read more about the article REvil Ransom Arrest, $6M Seizure, and $10M Reward

REvil Ransom Arrest, $6M Seizure, and $10M Reward

  • Post author:Diran Taofeek Folami
  • Post published:November 9, 2021
  • Post category:Cybersecurity
  • Post last modified:November 9, 2021

The U.S. Department of Justice today announced the arrest of Ukrainian man accused of deploying ransomware on behalf of the REvil ransomware gang, a Russian-speaking cybercriminal collective that has extorted…

Continue ReadingREvil Ransom Arrest, $6M Seizure, and $10M Reward
Read more about the article The ‘Groove’ Ransomware Gang Was a Hoax

The ‘Groove’ Ransomware Gang Was a Hoax

  • Post author:Diran Taofeek Folami
  • Post published:November 2, 2021
  • Post category:Cybersecurity
  • Post last modified:November 2, 2021

A number of publications in September warned about the emergence of “Groove,” a new ransomware group that called on competing extortion gangs to unite in attacking U.S. government interests online.…

Continue ReadingThe ‘Groove’ Ransomware Gang Was a Hoax
Read more about the article Trial Ends in Guilty Verdict for DDoS-for-Hire Boss

Trial Ends in Guilty Verdict for DDoS-for-Hire Boss

  • Post author:Diran Taofeek Folami
  • Post published:September 17, 2021
  • Post category:Cybersecurity
  • Post last modified:September 17, 2021

A jury in California today reached a guilty verdict in the trial of Matthew Gatrel, a St. Charles, Ill. man charged in 2018 with operating two online services that allowed…

Continue ReadingTrial Ends in Guilty Verdict for DDoS-for-Hire Boss
Read more about the article “FudCo” Spam Empire Tied to Pakistani Software Firm

“FudCo” Spam Empire Tied to Pakistani Software Firm

  • Post author:Diran Taofeek Folami
  • Post published:September 6, 2021
  • Post category:Cybersecurity
  • Post last modified:September 6, 2021

In May 2015, KrebsOnSecurity briefly profiled “The Manipulaters,” the name chosen by a prolific cybercrime group based in Pakistan that was very publicly selling spam tools and a range of…

Continue Reading“FudCo” Spam Empire Tied to Pakistani Software Firm

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