Catalin Cimpanu

June 23, 2017

FBI: Extortion, CEO Fraud Among Top Online Fraud Complaints in 2016

This post was originally published on this siteOnline extortion, tech support scams and phishing attacks that spoof the boss were among the most costly cyber scams reported by consumers and businesses last year, according to new figures from the FBI’s Internet Crime Complaint Center (IC3). The IC3 report released Thursday correctly identifies some of the most prevalent and insidious forms of cybercrimes today, but the total financial losses tied to each crime type also underscore how infrequently victims actually report such crimes to law enforcement. Source: Internet Crime Complaint Center (IC3). For example, the IC3 said it received 17,146 extortion-related […]
February 27, 2018

Bot Roundup: Avalanche, Kronos, NanoCore

This post was originally published on this siteIt’s been a busy few weeks in cybercrime news, justifying updates to a couple of cases we’ve been following closely at KrebsOnSecurity. In Ukraine, the alleged ringleader of the Avalanche malware spam botnet was arrested after eluding authorities in the wake of a global cybercrime crackdown there in 2016. Separately, a case that was hailed as a test of whether programmers can be held accountable for how customers use their product turned out poorly for 27-year-old programmer Taylor Huddleston, who was sentenced to almost three years in prison for making and marketing a […]
November 2, 2021

The ‘Groove’ Ransomware Gang Was a Hoax

This post was originally published on this siteA number of publications in September warned about the emergence of “Groove,” a new ransomware group that called on competing extortion gangs to unite in attacking U.S. government interests online. It now appears that Groove was all a big hoax designed to toy with security firms and journalists. “An appeal to business brothers!” reads the Oct. 22 post from Groove calling for attacks on the United States government sector. Groove was first announced Aug. 22 on RAMP, a new and fairly exclusive Russian-language darknet cybercrime forum. “GROOVE is first and foremost an aggressive […]
January 28, 2022

Who Wrote the ALPHV/BlackCat Ransomware Strain?

This post was originally published on this siteIn December 2021, researchers discovered a new ransomware-as-a-service named ALPHV (a.k.a. “BlackCat“), considered to be the first professional cybercrime group to create and use a ransomware strain written in the Rust programming language. In this post, we’ll explore some of the clues left behind by a developer who was reputedly hired to code the ransomware variant. Image: Varonis. According to an analysis released this week by Varonis, ALPHV is actively recruiting operators from several ransomware organizations — including REvil, BlackMatter and DarkSide — and is offering affiliates up to 90 percent of any […]