Search Results: Cybercrime

In a bold move to disrupt global cybercrime, US authorities have issued seizure warrants for Starlink satellite internet devices allegedly fueling scam operations in Myanmar. These warrants aim to sever the digital lifeline of compounds raking in billions through cryptocurrency fraud targeting Americans. As the Justice Department ramps up its fight against Chinese-organized scams, the action highlights the growing role of satellite tech in enabling resilient criminal networks.

In a bold move to disrupt global cybercrime, US authorities have issued seizure warrants for Starlink satellite internet devices allegedly fueling scam operations in Myanmar. These warrants aim to sever the digital lifeline of compounds raking in billions through cryptocurrency fraud targeting Americans. As the Justice Department ramps up its fight against Chinese-organized scams, the action highlights the growing role of satellite tech in enabling resilient criminal networks.

In a bold stand against cyber extortion, UK fintech giant Checkout.com has refused to pay the ShinyHunters hacking group following a breach in a legacy cloud storage system. Instead of capitulating, the company plans to donate the ransom amount to leading cybersecurity research initiatives. This decision underscores a growing trend in corporate resilience against ransomware, with significant implications for payment processors and their global merchant networks.

In a bold move to combat the escalating threat of cryptocurrency fraud, U.S. authorities have unveiled the Scam Center Strike Force, targeting Chinese organized crime rings that siphon nearly $10 billion annually from American victims. This multi-agency task force is already yielding results, with over $400 million in illicit crypto seized and international sanctions imposed on key enablers. As these scams evolve with sophisticated tactics like pig butchering, the initiative underscores the urgent need for tech-savvy defenses in the digital finance era.

The Kraken ransomware has evolved with a rare capability to benchmark system performance before encryption, choosing between full and partial encryption to maximize impact while minimizing detection. This technical sophistication highlights the ongoing arms race in cybersecurity as ransomware operators increasingly refine their methods for maximum efficiency.

In a coordinated strike across nine countries, authorities have dismantled over 1,000 servers powering the Rhadamanthys infostealer, VenomRAT, and Elysium botnet, marking a decisive new phase of Operation Endgame. For defenders and adversaries alike, this is a turning point in the economics of malware-as-a-service—and a warning that infrastructure is now the weakest link.