Michael Alan Stollery, the chief executive of Titanium Blockchain, pleaded guilty in U.S. federal court to securities fraud in a scheme involving a fraudulent cryptocurrency initial coin offering in which $21 million was stolen. Stollery faces up to 20 years of imprisonment.
A music streaming blockchain service patched a bug on a smart contract that had gone undetected since 2020. An attacker used it to steal $AUDIO crypto tokens worth nearly $6 million and sold them for more than $1 million. The vulnerability wasn't detected by multiple smart contracts security audits.
A proposed $350 million settlement of a consolidated class action lawsuit against T-Mobile, after a 2021 data breach that affected nearly 77 million people, includes breach victims and related legal costs. The settlement requires T-Mobile to invest $150 million to bolster data security.
Premint NFT platform users became victims last weejend of one of the biggest NFT attacks ever. The company says an open-source vulnerability led to the compromise of its website, resulting in its users losing about $500,000 worth of blockchain assets.
The DOJ extradited from Colombia 37-year-old Mihai Ionut Paunescu, who faces criminal charges for allegedly running a "bulletproof" hosting service that helped cybercriminals launch malware attacks. He is set to undergo trial for conspiracy to commit computer intrusion, bank fraud and wire fraud.
The cybercriminals behind BlackCat ransomware have upgraded their arsenal by adding Brute Ratel, a pen-testing tool with remote access features that are used by attackers. The group targets large corporations in different industry segments across the U.S., Europe and Asia.
The role of cyberattacks in Russia's war against Ukraine continues to evolve as the conflict persists, but one notable takeaway so far is the precision of the military's online attacks, which is likely an attempt to avoid spillover that would anger NATO, says Ian Thornton-Trump, CISO of Cyjax.
Moises Zagala is a 55-year-old cardiologist living in Ciudad Bolivar, Venezuela. He has a bald head and an earnest smile. In one photo, he wears a doctor's white overcoat and has a stethoscope around his neck. But U.S. prosecutors allege Zagala led a double life and claim he's also a cybercriminal.
Indian Home Affairs Minister Amit Shah called for stricter action against cybercriminals, vowing that the central and state governments will collaborate on a strategy to tamp down financial fraud. Crime statistics collected by New Delhi show reported cybercrimes nearly doubling from 2018 to 2020.
A federal grand jury indicted a 38-year-old Florida man for allegedly selling more than $1 billion worth of counterfeit Cisco network equipment to customers worldwide, including hospitals, schools, government agencies and the military, as "new and genuine Cisco products," the indictment says.
The rapid shift to remote working early in the pandemic and the discovery of serious new flaws such as Log4j have driven criminals to continue probing "what's vulnerable, and how to exploit it," says Casey Ellis, CTO and founder of Bugcrowd. Here's how he recommends organizations respond.
Trellix has just released a new report on cyber war activities in Ukraine. John Fokker discusses the key findings, how this war is reshaping global cybercrime dynamics, and how traditional cybercriminals and nation-state adversaries and blending their activities.
The latest edition of the ISMG Security Report discusses how financial service organizations should respond to the new "fraud universe." It also shares how CISOs can incorporate social media into their threat intelligence programs and describes the skills required by today's security leaders.
A misconfigured Alibaba private cloud server has led to the leak of around 1 billion Chinese nationals' personal details. An unknown hacker, identified as "ChinaDan," posted an advertisement on a hacker forum selling 23 terabytes of data for 10 bitcoins, equivalent to about $200,000.
Watch this short video where threat researchers do a review of the threat landscape. They will share the highlights of the latest popular tactics that are trending with cyber criminals in today’s world.