Author: Admin

European police have identified over 18,000 money mules and arrested 1800 in a significant crackdown on money laundering. Some 27 countries took part in the seventh European Money Mule Action (EMMA 7), which ended yesterday, according to Europol. The two-and-a-half-month initiative saw police from these jurisdictions, along with Europol and Eurojust, work with the European Banking Federation (EBF), the FinTech FinCrime Exchange and private sector firms such as Western Union, Microsoft and Fourthline. The aim was…

A Russian man has been sentenced to five years behind bars for his part in a bulletproof hosting venture that helped support countless cybercrime operations. Aleksandr Grichishkin, 34, and co-conspirators Pavel Stassi, 30, of Estonia, Aleksandr Skorodumov, 33, of Lithuania, and 34-year-old Russian, Andrei Skvortsov, had previously pleaded guilty to conspiracy to engage in a racketeer-influenced corrupt organization. Grichishkin is purportedly the organization’s founder, which rented out IP addresses, servers and domains to cyber-criminals, who…

Researchers have recorded a 935% year-on-year increase in double extortion attacks, with data from over 2300 companies posted onto ransomware extortion sites. Group-IB’s Hi-Tech Crime Trends 2021/2022 report covers the period from the second half of 2020 to the first half of 2021. During that time, an “unholy alliance” of initial access brokers and ransomware-as-a-service (RaaS) affiliate programs has led to a surge in breaches, it claimed. In total, the number of breach victims on ransomware data…

Networks form a critical core for our modern-day society and businesses. People, processes, and technologies should be in place for monitoring, detecting, logging, and preventing malicious activities that occur when an enterprise experiences an attack within or against their networks. Key Takeaways for Control 13 Enterprises should understand that their systems and networks are never perfectly immune to a cyberattack. Enterprises can leverage the safeguards provided by Control 13 to guide the evolution and maturity…

Online is a little different for everyone How do you connect online these days? I’ll give you an example from my own life: From my 15-year old son to my 80-year-old mother, not one of us leaves the house without our phone. And today, there isn’t a single thing you can’t do on your phone. It’s the minicomputer that goes where you go.  This trend in the way we connect is reflected in recent data too. In fact, we’ve found that the average consumer spends 6 hours…