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Tag Archives for " cybercrime "

German police take down ‘world’s largest darknet marketplace’

A German-led police sting has taken down the “world’s largest” darknet marketplace, whose Australian alleged operator used it to facilitate the sale of drugs, stolen credit card data and malware.

At the time of its closure, DarkMarket had nearly 500,000 users and more than 2,400 vendors worldwide, as the coronavirus pandemic leads much of the street trade in narcotics to go online.

Source: German police take down ‘world’s largest darknet marketplace’

Law enforcement wiretapped the very service used by criminals to evade interception

The virtual private network (VPN) Safe-Inet used by the world’s foremost cybercriminals has been taken down in a coordinated law enforcement action led by the German Reutlingen Police Headquarters together with Europol and law enforcement agencies from around the world.

This VPN service was sold at a high price to the criminal underworld as one of the best tools available to avoid law enforcement interception, offering up to 5 layers of anonymous VPN connections.

Much of the criminal activity occurring on the network involved cyber actors responsible for ransomware, E-skimming breaches, spearphishing, and account takeovers.

Source: Law enforcement wiretapped the very service used by criminals to evade interception

Europol and the European Commission inaugurate new decryption platform

Europol has launched an innovative decryption platform, developed in close cooperation with the European Commission’s Joint Research Centre. It will significantly increase Europol’s capability to decrypt information lawfully obtained in criminal investigations.

The launch of the new decryption platform marks a milestone in the fight against organised crime and terrorism in Europe. In full respect of fundamental rights and without limiting or weakening encryption, this initiative will be available to national law enforcement authorities of all Member States to help keep societies and citizens safe and secure.

Source: Europol and the European Commission inaugurate new decryption platform to tackle the challenge of encrypted material for law enforcement investigations | Europol

New Report Finds That Criminals Leverage AI for Malicious Use – And It’s Not Just Deep Fakes

A jointly developed new report by Europol, the United Nations Interregional Crime and Justice Research Institute (UNICRI) and Trend Micro looking into current and predicted criminal uses of artificial intelligence (AI) was released today.

The report provides law enforcers, policymakers and other organisations with information on existing and potential attacks leveraging AI and recommendations on how to mitigate these risks.

The report concludes that cybercriminals will leverage AI both as an attack vector and an attack surface. Deep fakes are currently the best-known use of AI as an attack vector. However, the report warns that new screening technology will be needed in the future to mitigate the risk of disinformation campaigns and extortion, as well as threats that target AI data sets.

Source: New Report Finds That Criminals Leverage AI for Malicious Use – And It’s Not Just Deep Fakes

REvil Ransomware found buyer for Trump data, now targeting Madonna

REvil ransomware group claims to have buyers ready for documents containing damaging information about US‌ President Donald Trump and is preparing to auction data on international celebrity Madonna.

The hackers breached the network of Grubman Shire Meiselas & Sacks (GSMLaw), a law firm representing a huge number of A-list celebrities, stealing everything they considered of value before encrypting the data.

Source: REvil Ransomware found buyer for Trump data, now targeting Madonna

UK hacker must pay back £922k after cyber-attack spree

An English cyber-criminal who carried out targeted computer attacks on more than 100 firms from his UK base has been forced to pay back a stolen cryptocurrency haul worth £922.978.14, news reports reveal.

Argos, Uber and Sainsbury’s were among the victims of Mr Grant West, who was jailed for fraud for an elaborate hacking spree which duped company insiders into exposing huge swathes of confidential data.

Source: #privacy: UK hacker must pay back £922k after cyber-attack spree

Children’s identity theft on rise

Cyber criminals are hacking into sensitive networks to steal the identities of children and are selling it on in underground market places.

Personal information is leaked in data breaches all the time, but what makes the data on children so useful to cyber criminals is how they don’t have any credit history – so they offer a free pass for fraudulent purchases, loans and other transactions without the barriers that might be associated with data belonging to adults.

Source: The latest dark web cyber-criminal trend: Selling children’s personal data | ZDNet

Cyber-attack costs spiral to over £25m for aluminium manufacturer

The hacking campaign that hit Norwegian aluminium producer, Hydro has already cost the company in excess of £25m.

A number of the firm’s smelting plants were brought to a standstill, while operations were redirected through alternative channels as bosses struggled with the cyber-attack. Most of the money has been lost through the company’s Extruded Solutions division which manufactures aluminium facades.

Source: Cyber-attack costs spiral to over £25m for aluminium manufacturer

New powers for EU Cyberagency

On 10 December 2018, the European lawmakers reached a political agreement on the European Cybersecurity Act.

The intention of this new EU Regulation is to better protect the European Union against cyber-attacks, including a strengthening of the powers of the European Agency for Network and Information Security (“ENISA”).

Source: EU – New powers for European Cyberagency

Fighting cybercrime with A.I.

Cybersecurity start-up Darktrace, which uses artificial intelligence to fight cybercrime against corporations. Its artificial intelligence takes inspiration from something distinctly organic: the way the human immune system fights illness. Its machine learning understands normal patterns of behavior of every user and every device connected to a corporate network.

Source: Billion-dollar start-up Darktrace is fighting cybercrime with A.I.

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