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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions. Compromised websites and malware are often at the root of these types of attacks.

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Who and What is Behind the Malware Proxy Service SocksEscort?

Krebs on Security

Now new findings reveal that AVrecon is the malware engine behind a 12-year-old service called SocksEscort , which rents hacked residential and small business devices to cybercriminals looking to hide their true location online. ” According to Kilmer, AVrecon is the malware that gives SocksEscort its proxies.

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Amid an Embarrassment of Riches, Ransom Gangs Increasingly Outsource Their Work

Krebs on Security

There’s an old adage in information security: “Every company gets penetration tested, whether or not they pay someone for the pleasure.” ” Many organizations that do hire professionals to test their network security posture unfortunately tend to focus on fixing vulnerabilities hackers could use to break in.

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Law enforcement seized the domains of HeartSender cybercrime marketplaces

Security Affairs

and Dutch authorities seized 39 domains and servers linked to the HeartSender cybercrime group based in Pakistan. A joint law enforcement operation led to the seizure of 39 domains tied to a Pakistan-based HeartSender cybercrime group (aka Saim Raza and Manipulators Team) known for selling hacking and fraud tools.

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Russian Phobos ransomware operator faces cybercrime charges

Security Affairs

Russian Phobos ransomware operator Evgenii Ptitsyn, accused of managing attacks, was extradited from South Korea to the US to face cybercrime charges. Russian Phobos ransomware operator Evgenii Ptitsyn, suspected of playing a key role in the ransomware operations, was extradited from South Korea to the US to face cybercrime charges.

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Administrator of RSOCKS Proxy Botnet Pleads Guilty

Krebs on Security

Denis Emelyantsev , a 36-year-old Russian man accused of running a massive botnet called RSOCKS that stitched malware into millions of devices worldwide, pleaded guilty to two counts of computer crime violations in a California courtroom this week. “Thanks to you, we are now developing in the field of information security and anonymity!

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US offers $2.5M reward for Belarusian man involved in mass malware distribution

Security Affairs

million reward for information leading to the arrest of a Belarusian cybercriminal involved in the mass malware distribution. million reward for information leading to the arrest of Volodymyr Kadariya (38), a Belarusian national allegedly involved in a significant malware organization. “The U.S.

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