Chinese Groups Launder $580M in India Using Fake Apps and Mule Accounts

CloudSEK's new report uncovers how Chinese cyber syndicates are laundering over $600 million annually in India. Learn about…...

First-Ever Russian BEC Gang, Cosmic Lynx, Uncovered

Researchers say they have discovered the first-ever reported Russian business email compromise BEC cybercriminal ring, showing that sophisticated attackers beyond the usual Nigerian scammers are setting their sights on the email-based attack vector. The BEC gang is called Cosmic Lynx, and has bee...

Business Email Compromise Losses Up 2,370 Percent Since 2015

Business Email Compromise BEC schemes, where executives are scammed via social engineering and phishing compromises that ultimately lead to fraudulent wire transfers, grew at a jaw-dropping rate of 2,370 percent in the last two years. The FBI yesterday published its latest statistics on these...

Turning Tables on Nigerian Business Email Scammers

SAN FRANCISCO – Traditional takedowns of cybercrime enterprises generally rely on court orders that facilitate either taking servers offline or sending the criminals malware that helps identify them or their locations. Sometimes, however, the technical option is second best. Researchers at Dell...

Luuuk Bank Fraud Campaign Nets €500K in One Week

A fraud campaign siphoned more than half a million dollars from a European bank over the course of a week earlier this year, researchers with Kaspersky Lab announced this week. The campaign, dubbed Luuuk, extracted €500,000 roughly $679,700 USD from 190 victims, mostly in Italy and Turkey, from...