Cybercrime

Phishing Attacks Surge Despite Increased Awareness, New Strategies Needed

The alarming rise of phishing attacks has been underscored by a recent study "Phishing Landscape 2023: An Annual Study of the Scope and Distribution of Phishing conducted" by the Interisle Consulting Group, revealing a tripling of such attacks since May 2020. Despite efforts by companies and policymakers to combat this cybercrime, the data suggests that the prevailing strategies are ineffective and worsening each year.

The Rising Cost of Digital Theft and Espionage in Germany

The German digital association, Bitkom, recently announced that the cost of IT equipment theft, data breaches, digital and industrial espionage, and sabotage is expected to reach a staggering 206 billion euros ($224 billion) in 2023.

Meta Lawsuit Leads to Significant Decline in Phishing Domains Tied to Freenom

A lawsuit filed by Meta has led to a significant decrease in phishing websites tied to the domain name registrar Freenom. Cybersecurity expert Brian Krebs in a report on Friday said that Freenom, which provides free domain name registration services, was a favored resource for cybercriminals due to its policy of protecting customer identities.

New Research Reveals Over 340 Million Accounts Compromised in the First Four Months of 2023

Recent research conducted by the Independent Advisor reveals that a significant number of accounts, exceeding 340 million, have been compromised due to business data breaches within the first four months of 2023. Notably, Twitter experienced the largest breach this year, impacting approximately 235 million user accounts.

Microsoft, Fortra, and Health-ISAC Take Legal Action Against the Abuse of Cobalt Strike to Combat Ransomware Attacks

A group of companies, including Microsoft, have collaborated to launch a major action to disrupt the use of cracked, legacy copies of the security tool Cobalt Strike which cybercriminals have abused to deploy ransomware.

FBI Takes Down ‘Genesis Market’ Cybercrime Store: Dozens Arrested Worldwide

Today's FBI action against Genesis Market is the latest in a string of coordinated efforts to take down bot shops and other services that enable cybercrime. Earlier this year, the FBI seized Webstresser.org, a DDoS-for-hire service that was thought to be responsible for launching a massive attack against the City of Atlanta in 2018.

German Authorities Seize Servers of Cybercriminal DDoS-for-Hire Service FlyHosting

FlyHosting had been open for business since November 2022 and was used for malicious activities such as hosting malware, botnet controllers, and carrying out DDoS attacks.

NCA Launches Campaign to Curb DDoS-for-Hire Website Use, Warns of Legal Risks

The United Kingdom's National Crime Agency (NCA) has been running a series of campaigns focused on reducing the use of DDoS-for-hire websites. These websites offer people the opportunity to purchase powerful tools to launch cyber-attacks, which can be used to knock websites or users offline.

Microsoft Launches AI-driven’ Security Copilot’ to Help Companies Fight Hacking Attempts

Microsoft continues to integrate new artificial intelligence technology into its products and today announced a cybersecurity "copilot" to help companies track and defend against hacking attempts. This tool is part of Microsoft's attempt to dominate the fast-growing field of "generative" AI.

Europol Warns on the Criminal Usage of ChatGPT and Its Implications for Law Enforcement

Europol's Innovation Lab released a Tech Watch Flash report on Monday, sounding the alarm on the potential misuse of large language models such as ChatGPT. Entitled 'ChatGPT - the Impact of Large Language Models on Law Enforcement,' the report provides an urgent overview of the implications of ChatGPT for criminals and law enforcement, as well as an outlook of what may still be to come.

Biden Administration Bans Federal Agencies from Using Commercial Spyware

The Biden administration has announced an executive order that would ban U.S. federal agencies from using commercially developed spyware that poses threats to human rights and national security.

Freenom Halts Domain Name Registrations After Meta Lawsuit

Freenom, the domain name registrar famous for offering free domain names, has stopped allowing new domain name registrations. This action comes just days after the Dutch registrar was sued by social media giant Meta for allegedly ignoring abuse complaints about phishing websites and monetizing the traffic to those domains.

Healthcare Industry Was the Most Common Victim of Third-Party Breaches in 2022

Health care industry was the most common victim of cyberattacks in 2022, according to a report by cyber intelligence firm, Black Kite. The study found a total of 34.9% of cyberattacks occurred in health care, up 1% from the year before, making it the most attacked sector for the second year in a row.

U.N. Cybercrime Convention Enters Critical Stage

Negotiations for a U.N. cybercrime convention have reached a critical stage at the fourth round of discussions in Vienna. Delegates from over 150 states have met for over 100 hours to discuss the proposed convention, which has been met with skepticism from some states, nongovernmental organizations, and other stakeholders

ChatGPT Used to Create Polymorphic Malware

ChatGPT, the newly released language model, has quickly gained popularity and is used for various tasks, from automation to music composition. While having useful features like fast and easy-to-use code examples, it also has the ability to create sophisticated malware without malicious code.