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technology companies between 2021 and 2023, including LastPass , MailChimp , Okta , T-Mobile and Twilio. According to prosecutors, the group mainly sought to steal cryptocurrency from victim companies and their employees. A visual depiction of the attacks by the SMS phishing group known as Scattered Spider, and Oktapus.
Fraudsters redirected email and web traffic destined for several cryptocurrency trading platforms over the past week. 13, with an attack on cryptocurrency trading platform liquid.com. “Our security team investigated and confirmed threat actor activity, including socialengineering of a limited number of GoDaddy employees.
based technology companies. “This is socialengineering at the highest level and there will be failed attempts at times. Donahue said 60 technology companies are now routing all law enforcement data requests through Kodex, including an increasing number of financial institutions and cryptocurrency platforms.
To wrap up our 2024 year-end roundtable, we turn our attention to new technologies and trends that are emerging to help bridge the gaps. Organizations face rising risks of AI-driven socialengineering and personal device breaches. AI-powered cryptocurrency attacks will automate phishing and exploit vulnerabilities.
North Korea, the nation that is being led by Kim Jong UN is back into news headlines for stealing cryptocurrency worth millions through cyber attacks. The post North Korea steals $400m cryptocurrency through Cyber Attacks appeared first on Cybersecurity Insiders.
The hacking group, called “The Community” primarily used socialengineering (trickery) and SIM card hijacking to steal funds and cryptocurrency from their victims.
Since surfacing in late 2021, LAPSUS$ has gained access to the networks or contractors for some of the world’s largest technology companies, including Microsoft , NVIDIA , Okta and Samsung. ” Like LAPSUS$, these vishers just kept up their socialengineering attacks until they succeeded. ” SMASH & GRAB.
3CX hired incident response firm Mandiant , which released a report on Wednesday that said the compromise began in 2022 when a 3CX employee installed a malware-laced software package distributed via an earlier software supply chain compromise that began with a tampered installer for X_TRADER , a software package provided by Trading Technologies.
Are you investing in cryptocurrency or thinking about it? Be sure to listen or watch our April monthly show for our top 3 ways to keep your cryptocurrency safe! ** Links mentioned on the show ** 10 Ways to Keep Your Cryptocurrency Safe [link] Beware of These Top Bitcoin Scams [link] 9 Best Crypto Wallets […].
Also, we have previously reported on cryptocurrency-focused BlueNoroff attacks. It appears that BlueNoroff shifted focus from hitting banks and SWIFT-connected servers to solely cryptocurrency businesses as the main source of the group’s illegal income. Note, this is no proof that the companies listed were compromised.
authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. technology companies during the summer of 2022. 9, 2024, U.S. A graphic depicting how 0ktapus leveraged one victim to attack another. Twilio disclosed in Aug.
The phishers will explain that they’re calling from the employer’s IT department to help troubleshoot issues with the company’s virtual private networking (VPN) technology. Allen said it matters little to the attackers if the first few socialengineering attempts fail. The employee phishing page bofaticket[.]com.
A new advisory issued by the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the US Treasury Department (Treasury), highlights the cyberthreats associated with cryptocurrency thefts and tactics used by a North Korean state-sponsored advanced persistent threat (APT) group since at least 2020.
NFTs exist in a world that few truly understand (and I don’t claim to be one of them)–a mix of trendy technology buzzwords including blockchain and [.]. The post Shashi Prakash Chats about Cryptocurrency and NFT Fraud appeared first on TechSpective.
You just knew 2022 was going to be The Year of Crypto Grift when two of the world’s most popular antivirus makers — Norton and Avira — kicked things off by installing cryptocurrency mining programs on customer computers. Chipmaker NVIDIA says a cyberattack led to theft of information on more than 71,000 employees.
These include: Socialengineering tactics SIM swapping schemes Banking and credit card fraud” The attackers use various socialengineering and spoofing tactics to trick victims into revealing their sensitive information, which supports real-time interaction to abuse and bypass MFA (Multi-Factor Authentication).
Cryptocurrency phishing saw an 83.37% year-over-year increase in 2024, with 10.7 The attackers employed socialengineering techniques to trick victims into sharing their financial data or making a payment on a fake page. As cryptocurrencies continue to grow, this number is only ever going to get larger. million in 2023.
Socialengineering scams frequently exploit our desire to help by using themes of sympathy and assistance to manipulate us. Bad actors typically execute these scams over the phone, through email, or on social media platforms. Educate Yourself and Others: Awareness is the first line of defense against socialengineering attacks.
Socialengineering scams frequently exploit our desire to help by using themes of sympathy and assistance to manipulate us. Bad actors typically execute these scams over the phone, through email, or on social media platforms. Educate Yourself and Others: Awareness is the first line of defense against socialengineering attacks.
Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. Based on the risk score, CryptoIns experts have calculated insurance rates for cryptocurrency exchange users who can now insure their accounts against cyber threats.
They all use psychology and socialengineering skills to convince their victims to take an action that is detrimental to them. Thanks to technology and social media, impersonation scams have grown exponentially. Prey on Emotions Scammers have become experts in using socialengineering techniques to their advantage.
The Rise of AI SocialEngineering Scams IdentityIQ In today’s digital age, socialengineering scams have become an increasingly prevalent threat. Socialengineering scams leverage psychological manipulation to deceive individuals and exploit the victims’ trust.
that has been tracking down individuals engaged in unauthorized “SIM swaps” — a complex form of mobile phone fraud that is often used to steal large amounts of cryptocurrencies and other items of value from victims. SIM swapping attacks primarily target individuals who are visibly active in the cryptocurrency space.
Phishers are enjoying remarkable success using text messages to steal remote access credentials and one-time passcodes from employees at some of the world’s largest technology companies and customer support firms. On that last date, Twilio disclosed that on Aug. ” On July 28 and again on Aug. According to an Aug. In an Aug.
Current threat actor activity is incentivized by a broad attack surface represented through high volumes of users and systems, and high potential profits represented through the variety of cryptocurrency offerings. It is easy to detect and block things like malicious cryptocurrency apps or crypto-phishing websites.
Octo Tempest is believed to be a group of native English speaking cybercriminals that uses socialengineering campaigns to compromise organizations all over the world. This can be done in a number of ways, but the most common ones involve socialengineering attacks on the victim's carrier.
Introduction Cryptocurrency represents a groundbreaking innovation in the financial sector, offering decentralized, peer-to-peer digital transactions through blockchain technology. However, the allure of these digital assets also attracts malicious actors, making cryptocurrency security paramount.
The aim behind the said socialengineering attack is simple, one to trap employees with fake job offers and second to lure customers in signing up the page and then steal their currency. But now have spread malware in disguise of a PDF file to employees in reputable positions at Coinbase.
VileRAT is a Python implant, part of an evasive and highly intricate attack campaign against foreign exchange and cryptocurrency trading companies. Malicious DOCX socialengineering message. We could not profile all the identified organizations, but half of them were foreign currency (FOREX) and cryptocurrency exchange brokers.
For the uninitiated, NFTs are unique tokens that accompany original and collectible digital artwork or videos that can be sold or traded as a form of cryptocurrency, with transactions registered on the blockchain. Many of the earlier NFTs involved illustrations of kittens, but they can take the form of just about anything. billion in 2020.
The higher the global popularity of cryptocurrencies and the more new ways of storing them, the wider the arsenal of tools used by malicious actors who are after digital money. This story covers two fundamentally different methods of email attacks on the two most popular ways of storing cryptocurrency: hot and cold wallets.
Cyberattacks targeting cryptocurrency exchanges were on a roll in 2021 and have continued into 2022. The panel also said one cybersecurity firm anonymously reported that North Korean "cyber-actors stole a total of $400 million worth of cryptocurrency through seven intrusions into cryptocurrency exchanges and investment firms.".
Group-IB assisted Paxful, an international peer-to-peer cryptocurrency marketplace, in countering web-bot and socialengineering attacks. The unique technology that easily detects suspicious devices is exactly what we were looking for. The figure suggests that bitcoin platforms remain of great interest to threat actors.
According to the security firm, the group is financially motivated, its cyberespionage campaign hit high value targets such as government and educational institutions, religious movements, pro-democracy and human rights organisations in Hong Kong, Covid-19 research organisations, gambling and cryptocurrency companies, and the media.
To this end, some impressive technology has been created to combat the technological side of the issue, to keep hackers and similar bad actors from accessing data and account privileges they shouldn’t. However, the technological side of cybersecurity is no longer the weakest link in a company’s proverbial chain. Social Tactics.
“cybercriminals are taking advantage of this technology by directing QR code scans to malicious sites to steal victim data, embedding malware to gain access to the victim’s device, and redirecting payment for cybercriminal use.” ” reads the FBI’s PSA.
In a blog post detailing its efforts to track and contain the breach, Microsoft described LAPSUS$ as a “large scale socialengineering and extortion campaign.” LAPSUS$ doesn’t appear to be using overtly sophisticated intrusion methods but instead relying on socialengineering and purchased accounts.
Rise in Cryptocurrency Payments : Fraudsters are increasingly asking for payments in cryptocurrency, exploiting its semi-anonymous nature. In 2021, losses to romance scams involving cryptocurrency were reported at $139 million . Expect this to avenue of fraud to consistently escalate as crypto prices and adoption increase.
Gox exchange and operating BTC-e Japanese Pharmaceutical giant Eisai hit by a ransomware attack Clop ransomware gang was testing MOVEit Transfer bug since 2021 Stealth Soldier backdoor used is targeted espionage attacks in Libya Researchers published PoC exploit code for actively exploited Windows elevation of privilege issue Experts detail a new Kimsuky (..)
Methodology In this report, we present an analysis of financial cyberthreats in 2023, focusing on banking Trojans and phishing pages that target online banking, shopping accounts, cryptocurrency wallets and other financial assets. Cryptocurrency phishing saw a 16% year-on-year increase in 2023, with 5.84 million in 2022.
Cybercriminals are targeting Mac users interested in cryptocurrency opportunities with fake calendar invites. Scammers, impersonating cryptocurrency investors, are active on Telegram channels to get interested people to attend a meeting about a future partnership. Topics are cryptocurrency investment opportunities.
Affiliates using IABs for access need to have non-traceable cryptocurrency and often a guarantor to facilitate purchase. This sharp decrease strongly indicates that a major technological advancementlikely GenAIis enabling threat actors to exploit vulnerabilities at unprecedented speeds.
Mining cryptocurrencies requires large amounts of computing power to solve the cryptographic challenges necessary to acquire new cryptocurrency tokens. Users are prone to disclosing their usernames and passwords in response to the sociallyengineered cues of phishing attacks. Constantly evolving.
As we rely increasingly on digital technologies for our work, communication, entertainment, and education, we also expose ourselves to more and more cyber risks. According to PurpleSec, 98% of cybercrime relies on socialengineering to accomplish it. Cryptocurrency and the Metaverse pose new cybersecurity threats.
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