European law enforcement agencies arrested five suspects linked to an online investment fraud scheme that defrauded over 33,000 victims of at least $98 million.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
Europol has dismantled a large-scale SIM farm operation, arresting seven suspects and seizing 1,200 SIM-box devices containing 40,000 SIM cards registered across 80 countries.
Europol, Group-IB, and Sansec identified and notified over 400 online shops infected with stealth JavaScript credit card skimmer variants leaking customer payment data.
Europol has taken down a popular crypto mixer during the “Olympia” law enforcement operation, seizing three servers, 12 terabytes of data, and $29 million in cryptocurrency.
Europol’s IOCTA report shows crypto ransomware as one of the most prominent new tactics of organized cybercrime with steady increase in the size of ransom demands.
The "day-to-day" of organized crimes is increasingly being moved online and optimized with AI-powered tools: things like communication, payments to partners, and recruitment of new operatives.
Europol's cybercrime report names privacy coins and wallets, and decentralized markets as the top cyber threats. These privacy-enhanced digital services made it more challenging for law enforcement agencies.
The nature of phishing attacks and the role of human error in the problem means that it’s unlikely we can completely eliminate this threat. Implementation of behavioral analytics solutions allow security teams to clearly identify irregular or abnormal behaviors and take action to determine if someone with access is a potential threat.
Companies opening the door to remote work are going to have to rethink security. As workers enjoy more flexibility to work from wherever they want, security teams must learn to mitigate the threats that come with such a shift.
Security researchers have discovered an EvilProxy phishing campaign targeting 120,000 Microsoft 365 users with a focus on business executives with access to financial assets or sensitive information.










