Cybersecurity Incident Roundup: $13M Abortive Abracadabra Hack and More In a significant breach impacting the decentralized finance (DeFi) landscape, a vulnerability in the smart contracts of the Abracadabra/Spell protocol allowed hackers to make off with approximately $13 million worth of Ethereum (ETH) tokens. This theft marks a sobering continuance of…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime, Government Cunningham and Daniel Caution Against Leadership Failures and Budget Cuts Impacting US Cybersecurity Anna Delaney (annamadeline) • March 24, 2025 Clockwise from top left: Anna Delaney, Tom Field, Michael Daniel, and Chase Cunningham. The latest installment of “Proof of Concept” features…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime, Government Also covered: The Recent Ransomware Surge, Controversies Surrounding the Crypto Reserve Anna Delaney (annamadeline) • March 7, 2025 Clockwise from top left: Anna Delaney, Tony Morbin, Chris Riotta, and Mathew Schwartz This week, ISMG editors convened to address the escalating threat…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime Hiatus Could Empower Moscow Chris Riotta (@chrisriotta) • March 4, 2025 Image: Shutterstock Recent reports indicating a potential reduction in U.S. cybersecurity measures targeting Russia have raised significant alarms within the cybersecurity sector. Observers are particularly apprehensive about the implications for U.S.…
In a significant shift in U.S. cybersecurity strategy, Defense Secretary Pete Hegseth has directed U.S. Cyber Command to cease offensive cyber operations against Russia. This decision appears to be part of a broader diplomatic effort aimed at fostering negotiations concerning Ukraine. The U.S. administration’s concession to Russia comes amidst a…
Fraud Management & Cybercrime, Geo Focus: The United Kingdom, Geo-Specific Experts Advocate for Resilience Rather Than Ransom Payment Bans Akshaya Asokan (asokan_akshaya) • March 3, 2025 Image: Shutterstock In a recent testimony before a parliamentary committee, security experts recommended that the UK government prioritize operational resilience over implementing bans on…
Title: Russia’s Crackdown on Cybercrime: A Shift in Strategy Amid Ukraine Peace Talks Recent developments in Russia indicate a significant shift in its approach to cybersecurity, particularly concerning ransomware and cybercriminals. The unexpected arrest of Mikhail Pavlovich Matveev, also known as "Wazawaka," marks a notable departure from the historically lenient…
Anti-Phishing, DMARC, Cybercrime, Fraud Management & Cybercrime Astaroth Kit Available for $2,000 on Telegram, Capable of Real-Time Authentication Interception Prajeet Nair (@prajeetspeaks) • February 13, 2025 Researchers have identified a phishing kit named Astaroth that employs session hijacking to circumvent two-factor authentication. (Image: Shutterstock) A recently emerged phishing kit, Astaroth,…
Title: Addressing the Surge in Investment Scams: Insights from Fraud Specialist Ken Westbrook The FBI has reported a stunning 38% increase in losses attributed to investment scams in the past year, highlighting a troubling trend in cybercrime. Ken Westbrook, founder and CEO of Stop Scams Alliance, identified that scammers are…
