Articles about Cybercrime

Man on old phone, image via Shutterstock

Crooks can nick Brits' identities just by picking up the phone and lying

Identity crimes remain among the greatest threats to UK businesses online. The offences made up three in five (60 per cent) of all fraud recorded by Cifas, the UK's leading fraud prevention service. Cifas' annual report, published Wednesday, collates statistics from 325,092 instances of fraud recorded in 2016. These internal …
John Leyden, 10 May 2017

FireEye calls Shim-anigans: Bank-raiding hackers switch tactics

A group of money-grabbing cybercrooks have switched up their tactics in a pretty interesting way, we're told. Buckle up and let us explain. FIN7, whose stock in trade is targeting financial institutions through phishing emails, previously relied on a malicious Windows service to plant the Carbanak backdoor on targeted systems …
John Leyden, 5 May 2017
Liam Neeson, Taken

How do ransomware scum decide what to charge you? The Big Mac index

Cybercriminals have put together a strain of ransomware that changes the cost of the extortionate demands depending on the victim’s location, threat intelligence firm Recorded Future reports. Fatboy, which is being advertised on a Russian-language cybercrime forum, uses The Economist’s Big Mac Index to decide how much to …
John Leyden, 5 May 2017
Hacker

Cybercrook spared jail after copping to FIFA video game mega-hack

A game hacker who admitted involvement in a plot to steal millions from Electronic Arts was sentenced to probation by a Texas court on Monday. Ricky Miller, 23, who pleaded guilty to conspiracy to commit fraud last October, was involved in a plot to steal in-game currency worth $16m from a football video game that was …
John Leyden, 2 May 2017
Hacker

Sneaky 'fileless' malware flung at Israeli targets via booby-trapped Word docs

A newly uncovered cyber-espionage campaign targeting Israeli organisations relies on "fileless" malware hidden in Microsoft Word documents, a hacker tactic that's becoming a growing menace. The attack was delivered through compromised email accounts at Ben-Gurion University and sent to multiple targets across Israel. Malware …
John Leyden, 28 Apr 2017

Mysterious Hajime botnet has pwned 300,000 IoT devices

Hajime – the "vigilante" IoT worm that blocks rival botnets – has built up a compromised network of 300,000 malware-compromised devices, according to new figures from Kaspersky Lab. The steadily spreading Hajime IoT worm fights the Mirai botnet for control of easy-to-hack IoT products. The malware is billed as a vigilante- …
John Leyden, 27 Apr 2017
phishing_648

Seven in ten UK unis admit being duped by phishing attacks

Seven in ten UK universities have admitted falling victim to a phishing attack in which an individual has been tricked into disclosing personal details via an email purporting to be from a trusted source. The figure comes from a Freedom of Information (FoI) request by Duo Security to 70 universities across the UK, of which 51 …
John Leyden, 27 Apr 2017

eBay denies claims it's failing to thwart 'systematic fraud'

A campaigner has gone public with his concerns over an alleged scam on eBay. The person claimed a group of fraudsters have found a way around PayPal/eBay's anti-fraud system, in a complex multi-stage scam. eBay says it has the problem in hand, a contention strongly disputed by the campaigner, who said he has tracked and …
John Leyden, 24 Apr 2017
Angry Judge

Russian hacker arrested in Spain for bot-herding not election-fiddling

Last week ended badly for Russian hackers. The United States Department of Justice revealed that Peter Yuryevich Levashov was picked up in Barcelona a couple of weeks back for his association with the Kelihos botnet. Levashov said he'd been told the arrest was due to his creation of a virus in some way linked to the Russia's …
Simon Sharwood, 24 Apr 2017

Peer pressure, not money, lures youngsters into cybercrime – report

Teenage hackers get mixed up in cybercrime mostly to gain bragging rights over peers rather than to get rich, according to a new study. The National Crime Agency report fingers peer pressure and kudos as a key reason for youngsters in getting mixed up with online crime. Few if any of those who stray on to the wrong side of the …
John Leyden, 21 Apr 2017

Online ad scam launders legions of pirates and pervs into 'legit' surfing

An elaborate online ad scam that disguised junk traffic as views on reputable sites has been costing advertisers as much as $7m per month. Fraudsters behind the "Traffic Alchemist" scam dressed junk traffic as quality views originating from Google and Twitter. They began by buying traffic, typically on porn or torrent sites, …
John Leyden, 20 Apr 2017
Football goes into the net/ photo by shutterstock

Ex-West Ham winger charged twice over cybershenanigans

Detectives from Operation Falcon, the Metropolitan Police's cybercrime unit, have charged a footballer with two fraud-related offences. 22-year-old Blair Turgott began his career as a youth player at West Ham, and most recently played for Leyton Orient where he was celebrated for scoring what fans believed was the team's best …

Profit with just one infection! Crook sells ransomware for $175

Cybercrooks have begun retailing a new easy-to-use ransomware strain that promises profit with only one successful infection. Karmen is being sold on Dark Web forums from Russian-speaking cyber-criminal DevBitox for $175. The new ransomware-as-a-service variant offers a graphical dashboard, allowing purchasers to keep a …
John Leyden, 18 Apr 2017
Data breach

Large UK businesses are getting pwned way more than smaller ones

Larger businesses in the UK are far more likely to be victims of attacks than smaller ones, according to a survey by the British Chamber of Commerce. Nearly half (42 per cent) of companies with more than 100 staff have been hit by information spillages, hackers or malware attacks. This figure compares to 18 per cent of …
Team Register, 18 Apr 2017
Woman stares at laptop screen, shocked. Pic by shutterstock

Cerber surpasses Locky to become dominant ransomware menace

Cerber eclipsed Locky as the most common ransomware pathogen doing the rounds in the first three months of 2017. Cerber's control of the cybercrime market rose from 70 per cent market share in January to 87 per cent in March, according to the latest cybercrime tactics report by Malwarebytes Lab. The success of Cerber is down …
John Leyden, 13 Apr 2017

Three indicted over sex trafficking operation run on Backpage.com

Three people have been indicted for operating a sex trafficking ring through the scandalous classifieds website Backpage.com's adult section. Feng Yang Chen, 41, LiangLiang Guo, 31, and Cheng Qi Li, 28, all of Flushing in New York State, are accused of conspiracy in regards to "an interstate prostitution business". Chen faces …
Australian money at a crime scene

Cyberattacks wipe more than $50bn off big biz value, say beancounters

Severe cyber-break-ins permanently stripped 1.8 per cent off companies' stock prices, on average, according to a new study out today. Putting that 1.8 per cent drop in context, that dip represents a permanent loss of market capitalization of £120m ($150m) for a typical FTSE 100 biz, we're told. Eggheads at Oxford Economics in …
John Leyden, 12 Apr 2017

Prisoners built two PCs from parts, hid them in ceiling, connected to the state's network and did cybershenanigans

We are impressed by five prisoners in the US who built two personal computers from parts, hid them behind a plywood board in the ceiling of a closet, and then connected those computers to the Ohio Department of Rehabilitation and Correction's (ODRC) network to engage in cybershenanigans. Compliments are less forthcoming from …

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