The individuals ran a highly sophisticated cybercrime-as-a-service (CaaS) platform that caused roughly €5 million (~$5.8 million) in losses.
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US Charges Cambodian Executive in Massive Crypto Scam and Seizes More Than $14 Billion in Bitcoin
In an indictment, federal prosecutors charged Prince Holding Group chairman Chen Zhi with wire fraud conspiracy and money laundering conspiracy.
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Apple, Netflix, Microsoft Sites ‘Hacked’ for Tech Support Scams
Tech support scammers are using sponsored ads and search parameter injection to trick users into calling them.
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Why Scamming Can’t Be Stopped—But It Can Be Managed
With crime-as-a-service lowering the barrier to entry and prosecution lagging behind, enterprise security teams must rethink their strategies to detect and disrupt scams at scale.
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US Sanctions Myanmar Militia Involved in Cyber Scams
The US has sanctioned Myanmar warlord Saw Chit Thu and his militia for their roles in cyber scams causing billions in losses to American victims.
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Scamnetic Raises $13 Million to Prevent Scams in Real Time
AI-powered threat protection startup Scamnetic has raised $13 million in a Series A funding round led by Roo Capital.
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UN Researchers Warn That Asian Scam Operations Are Spreading Across the Rest of the World
Transnational organized crime groups in East and Southeast Asia are spreading their lucrative scam operations across the globe, according to a UN report.
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FBI: Fake Ransomware Attack Claims Sent to US Executives via Snail Mail
An extortion group has been sending physical mail to corporate executives, threatening to leak their data unless a ransom is paid.
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CrowdStrike Incident Leveraged for Malware Delivery, Phishing, Scams
The major IT outage caused by CrowdStrike is being leveraged by threat actors for phishing, scams, and malware delivery.
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FCC Warns of ‘Royal Tiger’ Robocall Scammers
The FCC has issued a public notice on robocall scammer group ‘Royal Tiger’, the first designated threat actor.
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