Hacking Ring Leader Gets 20 Years for BTS Jungkook Scheme
A South Korean court has sentenced to 20 years in prison one of the leaders of a hacking group that hunted the fortunes of wealthy Koreans and reached the assets of BTS’s Jungkook. The...
Tagged: Financial Fraud
EUR30M Commerzbank Fraud Traced to Vendor Bug, Four Arrested in Brazil
A software flaw at a payment contractor allowed criminals to drain approximately 30 million euros from customer accounts at Germany’s Commerzbank over the course of just four days. The stolen funds were laundered through...
The Bosphorus Breach: Turkish Hackers Coalesce on the New “LegionNull” Darknet Forum
The surveillance of clandestine marketplaces has encountered a burgeoning subject of interest. Analysts have documented the inauguration of LegionNull, a Turkish-language forum that has already coalesced an audience dedicated to the trafficking of purloined...
Operation Black Axe: 34 Arrested in Spain as Global Fraud Syndicate Topples
A coordinated international endeavor, spearheaded by the Spanish National Police and bolstered by the expertise of Europol and the Bavarian Criminal Police, has culminated in the apprehension of 34 suspected affiliates of the notorious...
Offside on the Dark Web: Qilin Ransomware Targets Argentine Giant River Plate
The Argentine football giant Club Atlético River Plate (CARP) has become a target of extortion by the Qilin ransomware group. The club has appeared on the group’s dark web leak site, where it was...
Breaking the Spell: Android’s New 30-Second Safety Brake Stops Screen-Sharing Scammers
Android is expanding its pilot program to combat phone scams in which fraudsters persuade victims to enable screen sharing during a call and open banking or payment applications. Google says it has spent years...
Fraudsters Evolve: How Money Mules Are Using Starlink and AI to Launder Funds
Over the past two years, the banking sector across the Middle East, Turkey, and Africa has witnessed a marked evolution in cash-out schemes driven by so-called “money mules.” According to Group-IB, drawing on data...
PhantomCard: The New Android Malware Using NFC to Steal Your Money
A new Android malware campaign has emerged, targeting banking customers in Brazil, India, and Southeast Asia, combining contactless fraud via NFC, call interception, and the exploitation of device vulnerabilities. Researchers at ThreatFabric have identified...
PlayPraetor: New Android RAT Infects 11,000+ Devices with Real-Time On-Device Fraud
A new large-scale threat has emerged on the Android horizon, dubbed PlayPraetor—a sophisticated piece of malware capable of seizing full control over compromised devices. To date, over 11,000 devices have fallen under its sway,...
New Android Banking Malware Targets Indian Banks: Steals Credentials, Intercepts OTPs via Fake Apps
Researchers at CYFIRMA have issued a warning about a new wave of cyberattacks leveraging malicious Android applications disguised as legitimate banking clients. These apps are designed to steal user credentials, intercept messages, and execute...
Coyote Banking Trojan Exploits Microsoft UI Automation for Stealthy Credential Theft
A newly evolved strain of the Coyote banking trojan has adopted an unconventional method of user surveillance on Windows systems. Malicious actors have learned to exploit Microsoft’s UI Automation (UIA) framework—originally designed to aid...
Greedy Sponge Targets Mexico: New AllaKore RAT & SystemBC Campaign Evades Detection
Mexican organizations remain the persistent targets of an enduring cybercriminal campaign involving modified versions of the AllaKore RAT and SystemBC malware. According to analysts at Arctic Wolf Labs, the attacks are orchestrated by a...
