US Department of Justice: Malware Author Pleads Guilty for Role in Transnational Cybercrime Organization Responsible for more than $568 Million in Losses

US Department of Justice: Malware Author Pleads Guilty for Role in Transnational Cybercrime Organization Responsible for more than $568 Million in Losses. “Valerian Chiochiu, aka ‘Onassis,’ ‘Flagler,’ ‘Socrate,’ and ‘Eclessiastes,’ 30, pleaded guilty before U.S. District Court Judge James C. Mahan in the District of Nevada. Chiochiu is a national of the Republic of Moldova, but resided in the United States during the period of the conspiracy. His plea came just over a month after the co-founder and administrator of Infraud, Sergey Medvedev of Russia, separately pleaded guilty on June 26. Sentencing for Chiochiu has been scheduled for Dec. 11.”

EurekAlert: No honor among cyber thieves

EurekAlert: No honor among cyber thieves. “A backstabbing crime boss and thousands of people looking for free tutorials on hacking and identity theft were two of the more interesting findings of a study examining user activity on two online ‘carding forums,’ illegal sites that specialize in stolen credit card information.”

Washington Post: Hackers are seizing on coronavirus fears to steal data, researchers and U.S. regulators warn

Washington Post: Hackers are seizing on coronavirus fears to steal data, researchers and U.S. regulators warn. “Chinese hackers have used fake documents about the coronavirus to deliver malicious software and steal sensitive user information, according to a report Thursday from researchers documenting a growing wave of cybercrime exploiting fears about the global pandemic.”

FBI: FBI Releases the Internet Crime Complaint Center 2019 Internet Crime Report

FBI: FBI Releases the Internet Crime Complaint Center 2019 Internet Crime Report. “The FBI’s Internet Crime Complaint Center (IC3) 2019 Internet Crime Report includes information from 467,361 complaints of suspected Internet crime, with reported losses in excess of $3.5 billion. The top three crime types reported by victims in 2019 were phishing/vishing/smishing/pharming, non-payment/non-delivery, and extortion.”

New York Times: North Korea’s Internet Use Surges, Thwarting Sanctions and Fueling Theft

New York Times: North Korea’s Internet Use Surges, Thwarting Sanctions and Fueling Theft. “North Korea has vastly expanded its use of the internet in ways that enable its leader, Kim Jong-un, to evade a ‘maximum pressure’ American sanctions campaign and turn to new forms of cybercrime to prop up his government, according to a new study.”

Route Fifty: Ohio Establishes ‘Cyber Reserve’ to Combat Ransomware

Route Fifty: Ohio Establishes ‘Cyber Reserve’ to Combat Ransomware. “At least three local governments in Ohio and the Cleveland Hopkins International Airport have all been hit with ransomware attacks in the last year alone. The next time hackers go after a local government in Ohio, however, the state will have a new weapon to deploy: the Ohio Cyber Reserve.”

The Register: Google ads from the po-po can prevent vengeful gamer nerds going full script kiddie – research

The Register: Google ads from the po-po can prevent vengeful gamer nerds going full script kiddie – research. “What’s the best way to stop young gamers slipping into a life of cybercrime? Google ads from the cops, apparently. That’s according to a study from the Universities of Cambridge and Strathclyde which looked at four different types of law enforcement interventions.”

CBS News: Cybercriminals are doing big business in the gaming chat app Discord

CBS News: Cybercriminals are doing big business in the gaming chat app Discord. “Cybercriminals have set up shop on Discord, a popular chat application for gamers with more than 250 million active users. Hackers have modified many of the app’s private groups to function like retail shops that sell illicit products, including stolen credit card numbers, cracked customer accounts for Delta Air Lines and Hilton Hotels, as well as malware that can be used to infect computer networks. “

MIT News: Using machine learning to hunt down cybercriminals

MIT News: Using machine learning to hunt down cybercriminals. “Existing efforts to detect IP hijacks tend to look at specific cases when they’re already in process. But what if we could predict these incidents in advance by tracing things back to the hijackers themselves? That’s the idea behind a new machine-learning system developed by researchers at MIT and the University of California at San Diego (UCSD).”

MIT Sloan Management Review: Casting the Dark Web in a New Light

MIT Sloan Management Review: Casting the Dark Web in a New Light. “The value chain model developed by Harvard Business School’s Michael E. Porter offers a process-based view of business.6 When applied to cybercrime, it reveals that the dark web — that part of the internet that has been intentionally hidden, is inaccessible through standard web browsers, and facilitates criminal activities — serves as what Porter called a value system. That system includes a comprehensive cyberattack supply chain, which enables hackers and other providers to develop and sell the products and services needed to mount attacks at scale. Understanding how it works provides new, more effective avenues for combating attacks to companies, security service providers, and the defense community at large.” A deep but exceptionally-readable dive. Recommended if you’re at all interested in cybercrime.

Yahoo Finance Canada: ‘The greatest threat facing the country today’: Is Canada doing enough to thwart cyber crime?

Yahoo Finance Canada: ‘The greatest threat facing the country today’: Is Canada doing enough to thwart cyber crime?. “Another day, another breach, is the tune we’re trolling to these days. This week, Freedom Mobile announced its database had been breached, affecting 15,000 users. Whether or not this data has been misused is still being investigated, but the information was unencrypted. And while this public data was compromised, tech giants like Google are now giving users more control over how long their data lives online. Control and transparency over one’s data is a win, but what happens when that data gets into dangerous hands?”

FBI: FBI Releases the Internet Crime Complaint Center 2018 Internet Crime Report

FBI: FBI Releases the Internet Crime Complaint Center 2018 Internet Crime Report. “The FBI’s Internet Crime Complaint Center (IC3) 2018 Internet Crime Report includes information from 351,936 complaints of suspected Internet crime, with reported losses in excess of $2.7 billion. The top three crime types reported by victims in 2018 were non-payment/non-delivery, extortion, and personal data breach. In addition to the 2018 statistics, the report contains information about the IC3, the FBI’s work in combating Internet crime, and the most prevalent scams.”

Ars Technica: Researchers unearth 74 Facebook cybercrime groups with 385,000 members

Ars Technica: Researchers unearth 74 Facebook cybercrime groups with 385,000 members. “Add spam, phishing, and payment-card fraud to the scourges Facebook helps foster. The company is already under the microscope for the role it plays in spreading disinformation promoting white nationalism, conspiracy theories, and opposition to life-saving vaccinations. Now, a report published Friday says Facebook also helps criminals peddle a variety of cybercrime services.”