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Cybercrime DOJ establishes cybercrime enforcement unit as U.S. warnings mount over Chinese hacking Introduction The Department of Justice (DOJ) has announced the establishment of a new cyber-focused section within its National Security Division to combat digital crimes. The National Security Cyber Section, also known as NatSec Cyber, aims to elevate cyberthreats to the same level…
Mystic Stealer: A Rising Threat in the Cybercriminal Landscape The Growing Dominance of Mystic Stealer A new cyber threat known as Mystic Stealer has quickly gained popularity among cybercriminals since its emergence in underground marketplaces in April. Multiple reports from Cyfirma, InQuest, and Zscaler highlight the advanced capabilities, pricing model, and continuous improvement strategy that…
## Cybersecurity Considerations for the Summer Season As the summer season approaches, cybersecurity professionals are bracing themselves for an increase in cybercriminal activity. The Cybersecurity and Infrastructure Security Agency (CISA) warns that holidays and vacation periods are particularly vulnerable times for organizations, as IT security teams may be lean or preoccupied. In order to manage…
Business Email Compromise (BEC) Incurs $50 Billion in Global Losses On the back of sophisticated targeting and social engineering, business email compromise (BEC) has cost businesses worldwide more than $50 billion over the past ten years. According to the FBI’s Internet Crime Complaint Center (IC3) 2022 report on BEC, global businesses lost approximately $51 billion…
Gozi IT Chief Finally Jailed After More Than 10 Years On June 13th, 2023, Mihai Ionut Paunescu, the final member of the Gozi Troika, a group of cybercriminals responsible for creating and distributing the Gozi banking malware, was sentenced to three years in prison. The group was charged in January 2013 for conducting malware-related crimes…
API Security Testing for Dummies: An Analysis Introduction The advent of application programming interfaces (APIs) has changed the way we interact with technology. APIs have become an integral part of most modern software applications and are critical to their functioning. An API allows applications to communicate and share data with each other. However, with this…
Cybercriminal Operator of Bulletproof Hosting Services Sentenced to Prison in US A Romanian dual national who ran a bulletproof hosting service, Mihai Ionut Paunescu, has been sentenced to three years in prison in the United States. He was also ordered to pay $3.5 million forfeiture and roughly $19,000 in restitution. Paunescu was arrested in 2021…
Cybercrime Researchers Unpack Massive Email Scam Targeting Dozens of Companies Israeli cybersecurity firm Sygnia recently uncovered a massive business email compromise (BEC) campaign that potentially impacted dozens of organizations from around the world. The report published by Sygnia reveals that hackers gained persistent access to the email accounts of an employee of a given company…
US DOJ Unseals Mt. Gox Cybercrime Charges: A History Revisited The Mt. Gox saga has been a part of the cryptocurrency industry’s history since its collapse in 2014, owing to the loss of half a billion dollars worth of Bitcoin at the time, which continues to make headlines. Recently, the United States Department of Justice…
US Charges Russians With Hacking Cryptocurrency Exchange The United States has charged two Russian nationals with allegedly hacking the now-defunct cryptocurrency exchange Mt. Gox and conspiring to launder the proceeds. Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were among the individuals charged with hacking Mt. Gox, the largest Bitcoin exchange in September 2011. Launched in…