9th July 2020
The United States government has gained custody of a Nigerian man who could have been behind the multi-million cyberattack on Bank of Valletta in February 2019. The FBI’s criminal complaint says that Ramoni Igbalode Abbas aka “Hushpuppi”, who amassed 2.4 million followers on Instagram flaunting luxury cars, designer clothing,… Read More
8th July 2020
Hackers with suspected ties to the North Korean regime are intercepting and stealing U.S. shoppers’ credit card details during online payments. Cybercriminals with links to a state-sponsored unit known as “Hidden Cobra” have been breaking into the websites of “large U.S retailers” and planting “skimmers” since at least May 2019,… Read More
29th June 2020
A Nigerian influencer who attracted millions of followers by posting selfies from private jets and photographs of his collections of luxury cars, shoes and watches has been arrested amid claims of a £350 million cyberscam. Officers from the FBI and Interpol seized more than £30 million in cash when they… Read More
28th June 2020
For the past year, WikiLeaks founder Julian Assange has sat in a London jail awaiting extradition to the US. This week, the US Justice Department piled on yet more hacking conspiracy allegations against him, all related to his decade-plus at the helm of an organization that exposed reams of… Read More
23rd June 2020
Police have frozen $140 million in bank funds linked to a Russian “computer genius” in the largest ever restraint of funds in New Zealand police history. The money was controlled by a New Zealand registered company and has been frozen as part of a global investigation into a Bitcoin exchange… Read More
17th June 2020
As banks try to stop fraudsters from exploiting unemployment insurance programs overwhelmed by the pandemic, some of their efforts are working and others are falling short. They’re finding that customers are unknowingly complicit and it’s hard to uncover the full story behind a transaction. In thousands of cases around… Read More
12th June 2020
Germany is urging its fellow European Union governments to impose the bloc’s first-ever sanctions for hacking on a Russian suspect in the 2015 cyberattack on the German parliament. An EU sanctions framework for cyberattacks took effect last year, allowing the imposition of travel bans to the EU and the freezing… Read More
8th June 2020
Experts believe that a more holistic crypto ecosystem, especially one that is more AML-centric, is needed to help prevent the spread of crypto scams in 2020. Per a new report released by digital-asset intelligence firm CipherTrace on June 2, the value of ill-gotten funds siphoned through cryptocurrency crimes… Read More
4th June 2020
Crypto intelligence company CipherTrace, which started tracking cryptocurrency crime a few years ago, said it has started to see coronavirus-related frauds that require some form of digital currency payment. Losses from cryptocurrency thefts, hacks, and frauds soared to nearly $1.4 billion from the beginning of the year until the end… Read More
2nd June 2020
PayPal says it will continue to work with local law enforcement agencies to prevent its platform being used by criminals, including COVID-19 scammers, as transaction volumes surge to record levels with the pandemic accelerating growth in online payments. During April, PayPal in Australia processed the highest number and value of… Read More