U.S. Accuses North Korea of Using Cyberattacks to Launder Money
16th April 2020
U.S. Accuses North Korea of Using Cyberattacks to Launder Money
The United States accused North Korea on Wednesday of employing an array of old and new forms of cyberattacks to steal and launder money, extort companies and use digital currencies to gain cash for its nuclear weapons program. The report — issued jointly by the State Department, the Department of… Read More
Hackers ‘Without Conscience’ Target Health-Care Providers
2nd April 2020
Hackers ‘Without Conscience’ Target Health-Care Providers
When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce. The coronavirus crisis was just beginning to take hold in the U.K., and the company was in talks with… Read More
Russian charged in Pittsburgh with laundering money for international cybercriminals
31st March 2020
Russian charged in Pittsburgh with laundering money for international cybercriminals
A Russian national described by the FBI as a “significant cybercriminal” has been charged in Pittsburgh with laundering money for other cybercriminals, joining five Latvians indicted here in January on similar charges. An FBI complaint was unsealed Monday against Maksim Boiko, 29, known as “gangass” in the cyberworld, after agents… Read More
How Covid-19 is Changing the Organised Crime Threat
26th March 2020
How Covid-19 is Changing the Organised Crime Threat
It happened: British Prime Minister Boris Johnson announced the strictest curbs on life in the UK during peacetime. This followed the adoption of emergency legislation which, most controversially and among others, gives law enforcement agencies the right to detain people on public health grounds and place them in isolation. Meanwhile, shops have experienced… Read More
As Coronavirus Spreads Globally so are Cybersecurity Threats
24th March 2020
As Coronavirus Spreads Globally so are Cybersecurity Threats
By David Klein  OCCRP — As COVID-19 shut down the world in less than a month, cybercriminals seized the opportunity to use the Internet to defraud and blackmail people and companies. The Australian Competition and Consumer Commission (ACCC) reported that their Scamwatch service has tracked nearly 100 coronavirus related scams… Read More
Banks delay internet fraud check, so take care with online payments
23rd March 2020
Banks delay internet fraud check, so take care with online payments
A crucial bank fraud security measure due to be introduced within weeks has been delayed because of the disruption caused by Covid-19. Just as millions of people are expected to avoid branches and use online services, banks have postponed their plans for an extra layer of protection. At the moment,… Read More
Coronavirus Widens the Money Mule Pool
19th March 2020
Coronavirus Widens the Money Mule Pool
With many people being laid off or working from home thanks to the Coronavirus pandemic, cybercrooks are almost certain to have more than their usual share of recruitable “money mules” — people who get roped into money laundering schemes under the pretense of a work-at-home job offer. Here’s the story… Read More
Two Chinese nationals indicted in cryptocurrency laundering scheme linked to North Korea
3rd March 2020
Two Chinese nationals indicted in cryptocurrency laundering scheme linked to North Korea
The United States on Monday charged two Chinese nationals with laundering more than $100 million in stolen cryptocurrency from a 2018 cyberattack linked to North Korea’s illicit nuclear missile and weapons development program. The new indictment, accompanied by sanctions and a civil forfeiture complaint seizing 113 cryptocurrency accounts filed in federal… Read More
EU Considers Sanctions Against Chinese, Russian Groups Over Hacking
27th February 2020
EU Considers Sanctions Against Chinese, Russian Groups Over Hacking
The European Union may target a Russian and a Chinese entity, as well as several individuals, with sanctions over cyber attacks, adding to signs of increasing alarm in the bloc over network security. Five diplomats familiar with the matter said talks on the proposed measures will begin as soon… Read More
Sydney man allegedly stole identities to net $11m from life savings, superannuation
7th February 2020
Sydney man allegedly stole identities to net $11m from life savings, superannuation
A 31-year-old man has been charged over an $11 million cyber fraud in which he allegedly obtained the financial profiles and identities of more than 80 people to create fraudulent bank accounts and steal from their savings and superannuation accounts. Adam Jones, originally from South Australia, was arrested at a… Read More
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