Recent cyber activities linked to North Korean threat actors, particularly the Kimsuky group, demonstrate a notable evolution in their techniques. They are increasingly leveraging living-off-the-land (LotL) strategies, relying on common services to remain undetected. A recent operation, identified as “DEEP#DRIVE” by Securonix, exemplifies this trend, utilizing PowerShell scripts and Dropbox…
This report covers topics such as Data Breach Notification, Data Security, and Fraud Management & Cybercrime. LockBit and BlackCat/ALPHV Decline Linked with Diminishing Big-Game Hunting Mathew J. Schwartz (euroinfosec) • February 6, 2025 While ransomware remains a lucrative avenue for operators, 2024 has seen a significant downturn in the financial…
In recent developments surrounding ransomware operations, evidence suggests that two prominent groups, AlphV and Lockbit, experienced significant setbacks amid heightened law enforcement scrutiny. AlphV, which reportedly extracted a staggering $22 million ransom from Change Healthcare, executed an “exit scam” shortly thereafter, pocketing the funds and vanishing without compensating the hackers…
This week in cybersecurity began with significant developments, including the abrupt shutdown of TikTok for users in the United States late Saturday night, as the deadline approached for Apple and Google to comply with a government mandate to withdraw the popular video-sharing app from their platforms. Despite the temporary ban,…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Also: CLS Global Pleads Guilty to Wash Trading Rashmi Ramesh (rashmiramesh_) • January 23, 2025 Image: Shutterstock Information Security Media Group compiles weekly updates on cybersecurity incidents in the realm of digital assets. Recent highlights include the Trump token generating significant…
Cryptocurrency Fraud, Cybercrime, Fraud Management & Cybercrime President Honors Campaign Commitment by Pardon for ‘Dread Pirate Roberts,’ Citing Misconduct by DOJ Prajeet Nair (@prajeetspeaks) • January 22, 2025 Ross Ulbricht prior to sentencing in 2015 (Source: Ulbricht family) On the second day of his administration, President Donald Trump granted clemency…
During the Trump administration, considerations for clemency for Ross Ulbricht, the founder of the Silk Road online marketplace, were significantly influenced by serious allegations surrounding the case, including claims of murders-for-hire linked to his operations. In 2020, discussions were held within the White House regarding his potential release, but the…
The United Kingdom is set to implement a transformative measure in its strategy against ransomware attacks, instituting a formal prohibition on ransom payments. This regulation will primarily affect public and critical infrastructure sectors, including essential entities such as educational institutions, transportation systems, hospitals (notably the NHS), and financial organizations including…
In a recent roundup of cybersecurity incidents impacting the digital asset space, several noteworthy developments have unfolded, from legal proceedings to regulatory changes and financial penalties. The U.S. criminal fraud trial of Do Kwon, co-founder of Terraform Labs, is scheduled to commence in January 2026. The case, stemming from the…
