Crypto Hack Earned Crooks $600 Million

Application Security , Cybercrime , Cybercrime as-a-service Strikes Increase After ProxyLogon Proof-of-Concept Attack Code Released Akshaya Asokan (asokan_akshaya) • March 20, 2021     There has been a spike in web shells being detected, as ransomware gangs and other attackers increasingly target vulnerable Microsoft Exchange Servers following publication of proof-of-concept attack code for ProxyLogon, which…

Some of the country’s leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defences and to train skilled workers, the White House has announced, following President Joe Biden’s private meeting with top executives. The gathering was held Wednesday during a relentless stretch of ransomware attacks that have targeted critical infrastructure, in…

Blockchain & Cryptocurrency , Fraud Management & Cybercrime , Fraud Risk Management Report: Oil Provides Electricity for Cryptomining Servers Doug Olenick (DougOlenick) • May 25, 2021     Iran is using its abundance of oil to generate electricity that powers a massive bitcoin cryptomining operation that enables the country to turn its greatest natural resource…

One of the oldest cybercrime forums Maza (aka Maza Faka) has been reportedly hacked this week, with its user information dumped online. Maza is an exclusive carding and fraud discussion forum for Russian-speaking cybercriminals, which has been around for more than a decade. According to Intel 471, the incident took place on March 3, 2021,…

_________________________ Australians have lost $139 million to scammers in the first half of 2021, according to the Australian Competition and Consumer Commission. More than $31 million was swindled in June alone, the highest amount per month so far this year. Investment scams account for the majority of cash lost, at $70.5 million, followed by…

Encryption & Key Management , Next-Generation Technologies & Secure Development , Security Operations William Dixon of World Economic Forum on Improving Infrastructure Anna Delaney (annamadeline) • May 26, 2021     William Dixon, head of future networks and technology, World Economic Forum To unlock the value of quantum computing, two…