Former Ubiquiti Employee Gets 6 Years in Jail for $2 Million Crypto Extortion Case

A former employee of Ubiquiti has been sentenced to six years in jail after he pleaded guilty to posing as an anonymous hacker and a whistleblower in an attempt to extort almost $2 million worth of cryptocurrency while working at the company. Nickolas Sharp, 37, was arrested in December 2021 for...

HardBit Ransomware: A Threatening Cyber Attack Targeting Organizations with New Version 2.0

Threat Level Attack Report For a detailed threat advisory, download the pdf file here Summary HardBit is a ransomware strain that focuses on extorting cryptocurrency payments from organizations in exchange for data decryption. It first emerged in October 2022, and a newer version, HardBit 2.0,...

Fodcha DDoS Botnet Resurfaces with New Capabilities

The threat actor behind the Fodcha distributed denial-of-service DDoS botnet has resurfaced with new capabilities, researchers reveal. This includes changes to its communication protocol and the ability to extort cryptocurrency payments in exchange for stopping the DDoS attack against a target,...

Nine Charged in Alleged SIM Swapping Ring

Eight Americans and an Irishman have been charged with wire fraud this week for allegedly hijacking mobile phones through SIM-swapping, a form of fraud in which scammers bribe or trick employees at mobile phone stores into seizing control of the target's phone number and diverting all texts and...