FBI traces and grabs back $150 million theft that was turned into bitcoins

On December 1, 2021, the Tokyo police arrested an employee of Sony Life Insurance on suspicion of fraudulently obtaining 17 billion yen through an illegal money transfer from an overseas unit. On the same day 3,879 bitcoins, worth about $150 million, were seized by law enforcement, and on the...

Interpol Arrests Over 1,000 Cyber Criminals From 20 Countries; Seizes $27 Million

A joint four-month operation coordinated by Interpol, the international criminal police organization, has culminated in the arrests of more than 1,000 cybercriminals and the recovery of $27 million in illicit proceeds. Codenamed "HAECHI-II," the crackdown enabled law enforcement units from across...

Murder-for-hire, money laundering, and more: How organised criminals work online

Europol has released an extensive report into serious and organized crime, including how these groups use the internet to aid in their criminal behaviour. Europol is the European Union’s EU law enforcement agency and it assists the EU Member States in their fight against serious international cri...

U.S. Charges Ukrainian Hacker for Kaseya Attack; Seizes $6 Million from REvil Gang

The U.S. government on Monday charged a Ukrainian suspect, arrested in Poland last month, with deploying REvil ransomware to target multiple businesses and government entities in the country, including perpetrating the attack against software company Kaseya, marking the latest action to crack dow...

Over 30 Countries Pledge to Fight Ransomware Attacks in US-led Global Meeting

Representatives from the U.S., the European Union, and 30 other countries pledged to mitigate the risk of ransomware and harden the financial system from exploitation with the goal of disrupting the ecosystem, calling it an "escalating global security threat with serious economic and security...

Streamline Customer Screening Today. Here’s How.

By Waqas When it comes to preventing financial crime such as anti-money laundering, organizations need to make use of a customer screening process that takes human errors into account - Let's dig deeper! This is a post from HackRead.com Read the original post: Streamline Customer Screening Today...

Italian mafia cybercrime sting leads to 100+ arrests

The Spanish National Police Policía Nacional has successfully dismantled an organized crime ring of hundreds of members in a sting operation supported by Europol, the Italian National Police Polizia di Stato, and Eurojust. This is the end result of a year-long investigation. The organized crime...

Feds Sanctions SUEX Cryptocurrency Exchange for Laundering Ransomware Payouts

In an unprecedented move, the federal government has sanctioned a cryptocurrency exchange for laundering ransom transactions for cybercriminals and helping them evade law-enforcement activity. As part of its continued hardline against ransomware attacks, the U.S. Department of Treasury has...

US Sanctions Cryptocurrency Exchange SUEX for Aiding Ransomware Gangs

The U.S. Treasury Department on Tuesday imposed sanctions on Russian cryptocurrency exchange Suex for helping facilitate and launder transactions from at least eight ransomware variants as part of the government's efforts to crack down on a surge in ransomware incidents and make it difficult for...

Europol nabs 106 criminals involved in SIM swapping, money laundering

By Waqas Europol said that the suspects carried out a number of cybercrimes included phishing, SIM Swapping, and BEC business email compromise. This is a post from HackRead.com Read the original post: Europol nabs 106 criminals involved in SIM swapping, money laundering...

Europol Breaks Open Extensive Mafia Cybercrime Ring

International law enforcement has busted up an extensive cybercrime operation run by a gang with ties to the Italian Mafia. The group allegedly used phishing attacks to defraud hundreds of victims. The suspects used various lures to convince victims mostly Italian nationals but also Spanish,...

Europol Busts Major Crime Ring, Arrests Over 100 Online Fraudsters

Law enforcement agencies in Italy and Spain have dismantled an organized crime group linked to the Italian Mafia that was involved in online fraud, money laundering, drug trafficking, and property crime, netting the gang about €10 million $11.7 million in illegal proceeds in just a year. "The...

Romance, BEC Scams Lands Soldier in Jail for 46 Months

A former Army reservist was just sentenced to 46 months in prison and ordered to pay nearly $2 million in penalties and restitution, after pleading guilty to scamming dozens of people online, including the elderly and a veteran’s organization for Marines. Joseph Iorhemba Asan Jr. along with his...

Researchers Warn of 4 Emerging Ransomware Groups That Can Cause Havoc

Cybersecurity researchers on Tuesday took the wraps off four up-and-coming ransomware groups that could pose a serious threat to enterprises and critical infrastructure, as the ripple effect of a recent spurt in ransomware incidents show that attackers are growing more sophisticated and more...

New Anti Anti-Money Laundering Services for Crooks

A new dark web service is marketing to cybercriminals who are curious to see how their various cryptocurrency holdings and transactions may be linked to known criminal activity. Dubbed "Antinalysis," the service purports to offer a glimpse into how ones payment activity might be flagged by law...

SEC charges dark web user of insider trading, money laundering

By Deeba Ahmed The accused is a Greek national who used AlphaBay marketplace with the alias "The Bull" on the dark web for insider trading information. This is a post from HackRead.com Read the original post: SEC charges dark web user of insider trading, money laundering...

Judge drops hammer, dishes 7 years slammer for BEC and romance scammer

A Texas resident has finally paid the price for a heady mix of malicious mail antics. A combination of business email compromise BEC scams and romance fakeouts bagged them $2.2 million across roughly 6 years. This is quite a divergent portfolio of scamming activity. You may typically assume BEC...

Binance receives the ban hammer from UK’s FCA

Binance, the worlds largest and most popular cryptocurrency exchange network, has had a rough few days. First, Japans financial regulator, the Financial Services Agency FSA, issued its second warning to Binance on Friday, 25 June, for operating in the country without permission The first warning...

Clop Gang Partners Laundered $500 Million in Ransomware Payments

The cybercrime ring that was apprehended last week in connection with Clop aka Cl0p ransomware attacks against dozens of companies in the last few months helped launder money totaling $500 million for several malicious actors through a plethora of illegal activities. "The group — also known as...

Antivirus Pioneer John McAfee Found Dead in Spanish Jail

Controversial mogul and antivirus pioneer John McAfee on Wednesday died by suicide in a jail cell in Barcelona, hours after reports that he would be extradited to face federal charges in the U.S. McAfee was 75. He is said to have died by hanging "as his nine months in prison brought him to...