A coalition of international law enforcement agencies, spearheaded by the UK’s National Crime Agency, has executed a significant operation targeting two prominent money-laundering networks based in Russia. These organizations are reported to process billions of dollars annually across over 30 locations globally. Exclusive insights into the investigation revealed alarming new…
In a significant operation targeting cybercrime, authorities have dismantled two interconnected networks involved in the illicit exchange of cryptocurrency and the facilitation of cybercriminal activities. Hydra, a notorious bazaar accessible via the Tor network, specialized in trading not only drugs but also illicit services including the sale of counterfeit documents…
Cyberattack Disrupts Operations at UK’s Wirral University Teaching Hospital Wirral University Teaching Hospital (WUTH), a prominent healthcare provider in the UK and a part of the NHS Foundation Trust, has suffered a significant cyberattack that has considerably disrupted its operations. The incident, made public on Monday, has resulted in extensive…
Equinox, a health and human services organization based in New York State, has issued notifications to over 21,000 clients and staff regarding a significant data breach that compromised their health, financial, and personal information. This “data security incident” occurred nearly seven months ago, stirring both concern and anger as the…
A botnet named Phorpiex has emerged as a significant player in the distribution of millions of phishing emails designed to deploy LockBit Black Ransomware. This cyberattack campaign was initially identified in October 2024 but is believed to have begun its operations as early as April 2024, as reported by the…
Recent MOVEit Data Breach Exposes Sensitive Information of Major Corporations A significant new wave of data breaches has emerged, linked to the well-known MOVEit vulnerability, shaking the cybersecurity community. This incident, distinct from the Cl0p ransomware attacks of the previous year, is attributed to a different threat actor known as…
Fraud Management & Cybercrime, Ransomware UN Members Call for Enhanced Resilience of Critical Infrastructure to Address Cyber Threats Mathew J. Schwartz (@euroinfosec) • November 11, 2024 Image: Shutterstock In a significant development, a Biden administration official highlighted during a United Nations Security Council briefing that ransomware has transcended its classification…
A 34-year-old Russian-Canadian national has received nearly four years in prison in Canada due to his involvement in the LockBit global ransomware scheme. Mikhail Vasiliev, an Ontario resident, was initially arrested in November 2022 and subsequently charged by the U.S. Department of Justice (DoJ) for conspiring to intentionally damage protected…
Ransomware Landscape Sees Shift as Attacks Decline in Early 2024 The ransomware sector experienced a significant transformation in early 2024, following a notable increase in incidents throughout 2023. The year closed with an alarming 5,070 victims globally, reflecting a staggering 55.5% rise in ransomware attacks. However, as the new year…
