A coordinated law enforcement effort—consisting of agencies from 13 countries—has seized the infrastructure and website the notorious Hive ransomware group use to conduct its operations. Key agencies and departments involved include Europol, the FBI, the DOJ, the Secret Service, the Federal Criminal Police Office (Germany), and the National High Tech Crime Unit (Netherlands), among others.
The CEO of Zurich Insurance, one of Europe’s largest insurance companies, has said that cybercrime could soon become uninsurable, warning that the risks surpassed climate change and pandemics. “What will become uninsurable is going to be cyber,” said CEO Mario Greco, speaking to the Financial Times. “What if someone takes control of vital parts of our infrastructure, the consequences of that?”
A recent report from Prodaft has unveiled FIN7 as one of the deadliest cybercrime groups on the planet, with a particular emphasis on breaching corporate networks through auto-attack systems that exploit Microsoft Exchange vulnerabilities. Corporate targets are selected based on their financial size, total employees, vulnerability, and other criteria.
The LockBit ransomware group claims to have stolen 76 gigabytes of data from California’s Department of Finance. Officials have not divulged any information or mentioned LockBit, in their official statement. LockBit claims to have gained access to databases, confidential data, financial documents, certification, IT documents, and legal court proceedings.
Thirty-four Russian gangs compromised more than 50 million passwords from sites including Steam and Roblox, as well as payment information and credentials from Amazon and PayPal. The criminals primarily used Redline (23 groups) and Racoon (8 groups) information-stealer software in a stealer-as-a-service attack to obtain information from users on these platforms.
Europol took down iSpoof, a site that provided fraudsters technology to impersonate banks and government employees. In a joint operation, intelligence and law-enforcement authorities in the UK, Europe, Australia, America, Canada, and Ukraine arrested 142 suspects. The fraudsters took $120 million from their victims in international cybercrime activities.
Chinese cybercrime continues to target India’s energy sector, exploiting outdated Boa servers. Microsoft released a statement assessing the Boa web server as a dedicated attack vector in the realm of IoT devices.
A leaked document from Apple’s lawsuit against Corellium cybersecurity firm has revealed it did business with known surveillance agencies. Corellium’s software compromised Apple’s security ecosystem while claiming to strengthen it.
While cybercrime cases have increased, attack methods have simplified. Learn about the simpler hacks, scams, and attacks that have taken over sophisticated cracks and breaches with the top 5 cybercrime cases of 2022.
In this article, you will learn the main takeaways from the Black Hat 2022 conference. You will see the main problems with cybersecurity and the potential solutions suggested by the speakers.
