Microsoft stops hackers trading fraudulent Outlook accounts
Microsoft recently seized a number of malicious websites and infrastructure used to trade fraudulent Outlook accounts. The Vietnamese cybercriminals of Storm-1152 were selling the accounts.
The Vietnamese cybercriminals of Storm-1152 had registered about 750 fraudulent Outlook accounts. By resel... Read more
SEC accuses SolarWinds of fraud by concealing poor security
The US financial regulator, SEC, has charged software specialist SolarWinds and its CISO with fraud against shareholders. This is for concealing the company's poor cybersecurity leading up to the SUNBURST supply-chain attack in December 2020.
The SEC recently charged SolarWinds and its CISO Tim... Read more
‘Crypto exchange FTX lost at least €970 million in customer funds’
Reuters reports that crypto exchange FTX is missing more than €970 million in customer funds. Founder and CEO Bankman-Fried allegedly moved as much as €9.7 billion to his own investment company.
The founder previously transferred $10 billion in customer funds to Alameda Research, a personal ... Read more
Typosquatting campaign impersonates 27 brands
27 brands from different sectors are being impersonated in a typosquatting campaign to trick unsuspecting users and install malware in their systems.
Typosquatting is as old as the internet. The technique involves a malicious actor creating a fake website with a domain name similar to a legitima... Read more
VMware pays multi-million euro fine for misleading investors
VMware struck a deal with market regulator SEC to end a dispute over its financial figures. The SEC accused VMware of 'creatively' accounting for sold licenses.
The deal involves VMware paying a fine of €7.9 million ($8 million) to the US market regulator. In return, the SEC waives further ac... Read more
McAfee finds rare malware in Chrome extensions with 1.4 million downloads
Researchers at McAfee revealed a rare malware application in five Chrome extensions with 1.4 million downloads. Scammers spread the extensions to dupe e-commerce websites.
The method is uncommon. The malicious extensions lie in wait for the moment an infected user navigates to an e-commerce webs... Read more
Former Qualcomm VP indicted for multi-million dollar fraud scheme
Karim Arabi, the former vice president of research and development at Qualcomm, faces fraud charges for the sale of his startup to Qualcomm. Arabi allegedly developed and monetized Qualcomm's intellectual property while employed by the chip giant. His startup was sold in 2015 for €145 million ($1... Read more
Group-IB tracks down massive investment fraud network
Security company Group-IB discovered a massive network of investment fraudsters.
The fraudsters used more than 10,000 web domains to dupe victims and pretend to be investors. Victims deposit money through a web application, receive updates on 'earnings' and never see a return.
The ... Read more
Tech CEO charged with selling $1 billion in counterfeit Cisco devices
The fraud entailed over a billion dollars in sales to healthcare and government organizations.
Onur Aksoy, the CEO of more than ten resale companies, was indicted for allegedly selling more than $1 billion worth of counterfeit Cisco network equipment to customers worldwide. His brazen activities... Read more
Avaya employee sells stolen licenses worth €87 million
The former employee used an administrator account to generate and sell software licences. According to the indictment, €87 million's worth was stolen.
The former employee and two partners are on trial in Oklahoma. The FBI conducted the investigation. The judge has yet to decide, but the eviden... Read more