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    16 May, 2020
    U.S. Secret Service: “Massive Fraud” Against State Unemployment Insurance Programs
    Cybersecurity , , , , , , , , , ,

    A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state unemployment insurance programs, with potential losses in the hundreds of millions of dollars, according to a new alert issued by the U.S. Secret Service. A memo seen by KrebsOnSecurity that the Secret Service sent to field offices around the United States this week says the ring has been filing unemployment claims in different states using Social Security numbers and other personally identifiable information (PII) belonging to identity theft victims, and that “a substantial amount of the fraudulent benefits submitted have used PII from first responders, government personnel and school employees.” …

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    30 Apr, 2020
    How Cybercriminals are Weathering COVID-19
    Cybersecurity , , , , , , , , , , ,

    In many ways, the COVID-19 pandemic has been a boon to cybercriminals: With unprecedented numbers of people working from home and anxious for news about the virus outbreak, it’s hard to imagine a more target-rich environment for phishers, scammers and malware purveyors. In addition, many crooks are finding the outbreak has helped them better market their cybercriminal wares and services. But it’s not all good news: The Coronavirus also has driven up costs and disrupted key supply lines for many cybercriminals. …

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    16 Dec, 2019
    Inside ‘Evil Corp,’ a $100M Cybercrime Menace
    Cybersecurity , , , , , , , , , , , , , , , , , ,

    The U.S. Justice Department this month offered a $5 million bounty for information leading to the arrest and conviction of a Russian man indicted for allegedly orchestrating a vast, international cybercrime network that called itself “Evil Corp” and stole roughly $100 million from businesses and consumers. As it happens, for several years KrebsOnSecurity closely monitored the day-to-day communications and activities of the accused and his accomplices. What follows is an insider’s look at the back-end operations of this gang. …

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