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…
The British government is currently contemplating new legislation aimed at addressing the persistent issue of ransomware attacks. This proposed regulation would mandate that organizations report all payments made to ransomware groups and additionally prohibit public sector entities from paying such extortion demands altogether. Targeting critical national infrastructure and public sector…
Fraud Management & Cybercrime, Ransomware, Regulation Also: Integrating AML and Fraud Initiatives; the Global AI Arms Race Anna Delaney (annamadeline) • January 17, 2025 Clockwise, from top left: Anna Delaney, Mathew Schwartz, Suparna Goswami, and Tony Morbin This week, editors at ISMG convened to analyze a proposal in the U.K.…
Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime, Standards, Regulations & Compliance U.S. Treasury Implements Sanctions Amid Cybersecurity Breaches David Perera (@daveperera) • January 17, 2025 Image: Shutterstock On January 17, 2025, the U.S. federal government announced that it has successfully traced intrusions by Chinese hackers targeting telecommunications networks back…
Cybercrime, Cyberwarfare / Nation-State Attacks, Fraud Management & Cybercrime Breach of Gravy Analytics Uncovers Location Data Vulnerability Anviksha More (AnvikshaMore) • January 9, 2025 Image: Shutterstock / ISMG Each week, ISMG compiles notable cybersecurity incidents from around the globe. This week included the detention of a Russian tanker by the…
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…
