Organizations lost $2.7 billion to Internet-enabled theft, fraud and exploitation in 2018, with business e-mail compromise scams resulting in the highest of these financial losses, according to the FBI’s Internet Crime Complaint Center (IC3).
Tag: cybercrime
DoJ Charges Huawei Execs in Broad Indictment Spanning 10 Years of Criminal Activity
The Department of Justice (DoJ) filed broad charges against Chinese telecom giant Huawei Technologies Co. Ltd. and its CFO Wanzhou Meng for allegedly stealing trade secrets from U.S. mobile firm T-Mobile and deceiving U.S. stakeholders about its business activity in Iran, among a number of other fraud and conspiracy activities over a 10-year period.
Report: Iranian APT Actors Regroup After Main Security Forum Shuts Down
Iranian state-sponsored hackers are regrouping after the shutdown last year of their main security forum, migrating to other forums and making new connections for potential cyber-response against mounting political pressures from the United States and Europe, according to a new report.
Criminals, Not State Actors, Target Russian Oil Company in 3-Year Cyber Attack
Security researchers have uncovered a three-year cyber attack on a Russian oil company that appeared at first glance to be state-sponsored, but later was found to be the work of cyber criminals seeking financial gain. The discovery is a cautionary tale for security experts not to be too rash when when drawing conclusions about high-profile cyber attacks.
Report: Small, Stealthy Groups Behind Worst Cybercrimes
A small group of cybercriminals are responsible for the most damaging cyberattacks–often with the help of state sponsorship. Still, low-level criminal activity on the dark web still poses the most widespread and immediate security threat, with cryptocurrency mining, ransomware and malware all on the rise, a recent report has found.
