blockchain intelligence firm, Chainalysis, revealed in a report published earlier this year that total ransomware payments exceeded $1 billion globally for the first time in 2023

scmagazine.com/news/ransomware

Now ransomware payments in 2024 are on track to once again hit a record total value, even as fewer victims are choosing to pay attackers, Chainalysis found in its 2024 Crypto Crime Mid-year Update

chainalysis.com/blog/2024-cryp

Two men without a clear source of income landed cyberfraud charges after being so flash with their ill-gotten cash that it gained the attention of the authorities.

Data theft forum admins busted after flashing their cash in a life of luxury

malwarebytes.com/blog/news/202

crux of their argument is clear: the current language is insufficient and does not successfully balance the need for increased security with individual data privacy.

More here:

oodaloop.com/archive/2024/08/1

Suspected devs behind Russian Coms cuffed – now to find the users of the nastyware

UK National Crime Agency (NCA) has shut down an outfit called Russian Coms – a call-spoofing service believed to have swindled hundreds of thousands of victims

theregister.com/2024/08/02/rus

May 2023, the U.S. attorney for Washington state declared “Fin7 is an entity no more,”

justice.gov/usao-wdwa/pr/high-

Fin7’s revival came in April 2024, when Blackberry wrote about an intrusion at a large automotive firm that began with malware served by a typosquatting attack targeting people searching for a popular free network scanning tool.

blogs.blackberry.com/en/2024/0

Nearly 4,000 Arrested In Global Police Crackdown On Online Scam Networks

interpol.int/News-and-Events/N

Operation First Light was conducted by police officers from 61 countries and targeted phishing, investment fraud, fake online shopping sites, romance scams, and impersonation scams, according to a statement by Interpol.

The US and Europe have separately announced major takedowns of cybercrime networks that defrauded people of billions.

databreaches.net/2024/05/31/op

with the emergence of an audacious group of young criminal hackers from the U.S., U.K. and Canada the FBI calls Scattered Spider. More troubling, they have teamed up with Russia's most notorious ransomware gang.

cbsnews.com/news/cybersecurity

Scattered spider

cisa.gov/news-events/cybersecu

update: arrests made

Thankfully I don't need to type all this out 😆

V-K-Underground has it covered

Lockbit cybercrime gang disrupted by Britain, US and EU

The operation was run by Britain’s National Crime Agency, the U.S. Federal Bureau of Investigation, Europol and a coalition of international police agencies, according to a post on the gang’s extortion website.

reuters.com/technology/cyberse

US Offers $10 Million for Information on BlackCat Ransomware Leaders

securityweek.com/ukrainian-ple

Ukrainian national Vyacheslav Igorevich Penchukov has pleaded guilty to holding key roles in the Zeus and IcedID malware operations.

securityweek.com/ukrainian-ple

The rise of teens committing serious cybercrimes on a large scale — and doing real harm is the process — has become hard to ignore. What's driving the scary trend?

Crypto theft, sextortion tactics, swattings, and ransomware: teenagers are increasingly taking up cybercrime for fun and profit — and experts credit an array of contributing factors.

darkreading.com/threat-intelli

An investigation into North Korean hackers exposed another world of online crime has discovered new criminal tactics

Insta mules and crypto mixers: How tech is transforming money laundering

thenextweb.com/news/geoff-whit

True story of how three guys exploit the freewheeling cryptocurrency market to scam millions from investors and bankrolled their own lavish lifestyle

Bit-Conned documentary

interest-based investment portals on the internet are one of the biggest scams of our time

people sign-up hoping to invest but get ripped off

germany alone has seen billions being scammed leaving thousands of victims falling victim to their own gullibility

billion dollar fraud on the net

youtu.be/7gI-w6Dw77I

international collaboration, law enforcement agencies successfully arrested hackers behind high-profile ransomware attacks on 71 countries.

international investigators from the following countries to assist Ukrainian police:-

Norway
France
Germany
The US

Amid Russia’s military aggression, the following law enforcement agencies united to dismantle the Ukraine-based ransomware operations:-

Global law enforcement
Europol
Eurojust

europol.europa.eu/media-press/

A young man from Orlando, Florida, has been handed a 30-month prison sentence for his role in a cybercrime scheme that stole nearly $1 million in cryptocurrency from unsuspecting victims.

gbhackers.com/hacker-jailed-si

From High Life Hackers to National Menace: The Rise and Fall of Digital Bandits 'ACG'

Hackers 'ACG' popped champagne and bought sports cars. Then the group and its associates ushered in a bold new era of crime where anything is possible

404media.co/high-life-hackers-

How Cybercriminals Abuse For Fraudulent Activities

Among the methods employed by cyber-criminals to gain unauthorized access to user accounts, session cookies play a significant role

Cyber-criminals purchase stolen Airbnb account cookies from underground forums, granting them unauthorized entry without needing valid usernames and passwords. Though short-lived, these stolen access windows are swiftly exploited by attackers.

report

slashnext.com/blog/how-cybercr

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