Police investigates fake social media competition

The Post Fiji and Police’s Force Cyber Crime Unit are currently investigating a fake social media competition.

The company this afternoon issued a statement advising the public of a fake Post Fiji competition with misleading information via social media advising members of the public to attempt and be in the draw to win valuable prizes.

Post Fiji says it is not conducting such a social media competition and thus, anyone who receives such notifications should refrain from responding or participating in it.

Authorities Dismantle Transnational Cybercrime Group

An international cybercrime network that tried to steal an estimated $100 million has been taken down in a coordinated multinational effort.

Prosecutors and law enforcement officials from the United States and Europe, speaking at a news conference on Thursday in The Hague, say that criminals used malware to infect tens of thousands of computers worldwide, capturing online banking credentials from unknowing victims in a bid to extract their money.

The scheme took place between October 2015 and December 2016. A virtual assembly line of skills and services by cybercrime specialists made the fraudulent work possible, prosecutors contend.

German police shut down one of world's biggest dark web sites

German police have shut down one of the world’s largest illegal online markets in the so-called dark web and arrested the three men allegedly running it, prosecutors said on Friday.

The “Wall Street Market” (WSM) site enabled trade in cocaine, heroin, cannabis and amphetamines as well as stolen data, fake documents and malicious software.

The encrypted platform had more than 1m customer accounts, over 5,000 registered sellers and more than 60,000 sales offers, according to Frankfurt prosecutors and affidavits filed by US prosecutors in a federal court in Los Angeles.

Europol Now Going After People Who Bought DDoS-for-Hire Services

If you were a buyer of any online DDoS-for-hire service, you might be in trouble.

After taking down and arresting the operators of the world's biggest DDoS-for-hire service last year, the authorities are now in hunt for customers who bought the service that helped cyber criminals launch millions of attacks against several banks, government institutions, and gaming industry.

Europol has announced that British police are conducting a number of live operations worldwide to track down the users of the infamous Webstresser.org service that the authorities dismantled in April 2018.

FACEBOOK LET DOZENS OF CYBERCRIME GROUPS OPERATE IN PLAIN SIGHT

FACEBOOK'S FAILURE TO moderate bad behavior on the sprawling online world it created, what with political trolls, extremist content, and livestreamed acts of horrific violence, has received a torrent of criticism. But researchers have found that the social media giant is also failing to police a far more basic and decades-old internet problem among its users: plain old cybercrime.

Researchers at Cisco's Talos security division on Friday revealed that they'd uncovered 74 Facebook groups devoted to the sale of stolen credit card data, identity info, spam lists, hacking tools, and other cybercrime commodities. The researchers say those groups sat in plain sight, with names like Spam Professional and Spammer and Hacker Professional, attracting 385,000 members in all. Anyone could find them with a site search for basic terms like "carding" or "CVVs," a reference to the security codes on the back of credit cards.

FIN6 cybercrime actor adds ransomware to its repertoire

Traditionally associated with payment card theft, the cybercriminal group FIN6 has expanded its operations to apparently include ransomware attacks using the malicious encryption programs Ryuk and LockerGoga, according to researchers.

Investigations by the FireEye Intelligence research team and the company’s Mandiant division have revealed that FIN6’s ransomware activity dates back to July 2018, and has reportedly caused tens of millions of dollars in damage. Such behavior is a far cry from the group’s more traditional m.o., which involves using malware to steal card data from retail and hospital companies, and then selling that information on underground marketplaces.

Hackers Steal $19 Million From Bithumb Cryptocurrency Exchange

Hackers yesterday stole nearly $19 million worth of cryptocurrency from Bithumb, the South Korea-based popular cryptocurrency exchange admitted today.

According to Primitive Ventures' Dovey Wan, who first broke the information on social media, hackers managed to compromise a number of Bithumb's hot EOS and XRP wallets and transferred around 3 million EOS (~ $13 million) and 20 million XRP (~ $6 million) to his newly-created accounts.

The hacker then distributedly transferred the stolen digital assets to his different accounts created on other cryptocurrency exchanges, including Huobi, HitBTC, WB, and EXmo, via ChangeNow, a non-custodial crypto swap platform does not require KYC/account.