Tag Archives: years

Ransomware Criminals Screwed Victims Out Of $25 Million In Less Than Two Years

Ransomware is one of the nastiest threats lurking on the Internet these days. There’s no sign that the situation will improve anytime soon, either. Not when ransomware is earning the criminals behind it millions of dollars each month.

Somewhere in excess of $2.5 million, according to a study put together by Google and Chainalysis with help from UC San Diego and NYU’s Tandon School of Engineering. Arriving at that figure involved a heck of a lot of work.

It’s not like cyber criminals are reporting the income, after all. What the research team had to do was to sift through Google’s massive cache of ransomware samples. That cache included a whopping 301,588 files at the time, and it represented 34 distinct families of ransomware.

They then turned their attention to the Blockchain to identify transactions from ransomware victims. One particularly interesting finding from the study: 94% of all payouts were processed by

Read more at: https://www.geek.com/tech/ransomware-criminals-screwed-victims-out-of-25-million-in-less-than-two-years-1709276/

Citadel Developer Vartanyan Jailed for Five Years

A Russian cyber-criminal has been sentenced to five years behind bars in the United States for his part in developing the Citadel information-stealing malware.

Mark Vartanyan, also known by his online moniker “Kolypto”, was sentenced yesterday by a US District Court in Atlanta.

Vartanyan spent two years in Norwegian custody before being extradited to the US in December last year, a fact apparently taken into account when sentencing was set.  

He was then charged in March 2017 with one count of computer fraud.

At the time, US attorney, John Horn, claimed that Vartanyan “developed and improved” the malware toolkit for cyber-criminals around the world.

Citadel is said to have first appeared on invite-only Russian language darknet forums in around 2011.

It targeted financial and government organizations, including several in the US, infecting in the region of 11 million computers around the globe and causing losses of over $500m in the process.

Back in

Read more at: https://www.infosecurity-magazine.com/news/citadel-developer-vartanyan-jailed/

Whittier man sentenced to 31 years in teen sextortion case



A Whittier man received a 31-year prison sentence Wednesday for obtaining nude photos of teenage girls, then extorting them for sex by threatening to share the photos, as well harm them or their families, officials said.

Josh Manuel Magana, 28, pleaded “no contest” last month to two counts of forcible oral copulation, forcible rape, forcible rape of a an underage victim and extortion, Los Angeles County District Attorney’s Office spokeswoman Sarah Ardalani said in a written statement.

Magana met his victims online via the social media app “KIK,” Lt. Kent Wegener of the Los Angeles County Sheriff’s Department’s Human Trafficking Bureau said at

Read more at: http://www.whittierdailynews.com/general-news/20170719/whittier-man-sentenced-to-31-years-in-teen-sextortion-case

Cybercrime, “it was urgent six years ago”

  • Photo Antoine Lacroix
    The chiefs of police of Gatineau and Montreal, Mario Harel (left) and Philip Pitcher, would like to be better equipped to fight cybercrime.

    Antoine Lacroix

    Wednesday, 19 July, 2017 20:22

    UPDATE
    Wednesday, 19 July, 2017 20:22

    Look at this article

    The chiefs of police of Canada would like to be provided with the necessary tools to combat cybercrime, which are rising steadily in recent years.

    “It takes solutions to help us in our investigations. The solution involves an update of the legislation. It was urgent six years ago, ” said Mario Harel, president of the canadian Association of chiefs of police (CACP) and the director of the Service de police de Gatineau.

    The police chiefs of the country had gathered since Sunday in Montreal on the occasion of their

    Read more at: https://sherbrooktimes.com/cybercrime-it-was-urgent-six-years-ago/16062

  • Man Sentenced to 31 Years in Prison for ‘Sextortion’ Scheme … – KTLA

    A man has been sentenced to prison for a “sextortion” scheme that involved two teenage girls he met on the social media app Kik.

    Josh Manuel Magana is seen in a Norwalk courtroom on July 19, 2017. (Credit: KTLA)

    Josh Manuel Magana, 27,  was sentenced to 31 years in prison for charges of rape and other sex crimes related to the sextortion of the two teenage girls, ages 16 and 17, the Los Angeles County District Attorney’s office said Wednesday.

    Authorities said Magana began reaching out to a 16-year-old girl on Kik, using the screen name “thegiftedmonster,” in October 2016.

    “He just sort of appeared out of nowhere. She didn’t know him and he’s messaging her on Kik, basically saying if you don’t send me nude photos I’m going to kill you, I’m going to kill your family,” Deputy District Attorney Michael DeRose told KTLA.

    Detectives

    Read more at: http://ktla.com/2017/07/19/man-sentenced-to-31-years-in-prison-for-sextortion-scheme-involving-teenage-girls-on-kik-app/

    Man Sentenced to 31 Years in Prison for ‘Sextortion’ Scheme Involving Teenage Girls on Kik App

    A man has been sentenced to prison for a “sextortion” scheme that involved two teenage girls he met on the social media app Kik.

    Josh Manuel Magana is seen in a Norwalk courtroom on July 19, 2017. (Credit: KTLA)

    Josh Manuel Magana, 27,  was sentenced to 31 years in prison for charges of rape and other sex crimes related to the sextortion of the two teenage girls, ages 16 and 17, the Los Angeles County District Attorney’s office said Wednesday.

    Authorities said Magana began reaching out to a 16-year-old girl on Kik, using the screen name “thegiftedmonster,” in October 2016.

    “He just sort of appeared out of nowhere. She didn’t know him and he’s messaging her on Kik, basically saying if you don’t send me nude photos I’m going to kill you, I’m going to kill your family,” Deputy District Attorney Michael DeRose told KTLA.

    Detectives

    Read more at: http://ktla.com/2017/07/19/man-sentenced-to-31-years-in-prison-for-sextortion-scheme-involving-teenage-girls-on-kik-app/

    Cyber criminal’s phishing leads to 4+ years in prison for stealing airline tickets, which employee training could …

    Darkreading reported a 4+ year jail sentence for stealing airline tickets by using “phishing campaigns targeted customers of Travelport and Sabre, causing phishing emails to be delivered to their customers for the purpose of obtaining and stealing their unique log-in credentials.” On June 5, 2017 the Department Justice issued a press release entitled “West African computer hacker sentenced to Federal Prison” included these details:

    Eric Donys Simeu, a/k/a Martell Collins, a citizen of Cameroon extradited from France, has been sentenced to four years, ten months in federal prison for a series of “phishing campaigns” which targeted clients of Global Distribution Systems.

    Also Darkreading reported:

    He then resold the tickets to mainly customers in West Africa at steeply discounted prices, or would use the tickets for his own personal travel.

    Reporting about this crime should help focus on more employee training to avoid falling for phishing!

    Read more at: http://www.lexology.com/library/detail.aspx?g=858735f8-975e-41e6-b0bc-cba933be6677

    Cost of cyber crime to hit $8 trillion in next five years

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    Nearly 3 billion customer data records expected to be stolen in 2017.

    Higher levels of internet connectivity alongside inadequate enterprise security will see the cost of cyber crime soar to $8 trillion in the next five years, with a staggering 2.8 billion customer data records expected to be stolen in just this year alone.

    According to Juniper Research, that huge 2.8 billion number is set to almost double by 2020, with 5 billion personal data

    Read more at: http://www.cbronline.com/news/cybersecurity/breaches/cost-cyber-crime-hit-8-trillion-next-five-years/

    Cost of cyber crime to hit $8 trillion in next five years – Computer …

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    Nearly 3 billion customer data records expected to be stolen in 2017.

    Higher levels of internet connectivity alongside inadequate enterprise security will see the cost of cyber crime soar to $8 trillion in the next five years, with a staggering 2.8 billion customer data records expected to be stolen in just this year alone.

    According to Juniper Research, that huge 2.8 billion number is set to almost double by 2020, with 5 billion personal data

    Read more at: http://www.cbronline.com/news/cybersecurity/breaches/cost-cyber-crime-hit-8-trillion-next-five-years/

    Commonwealth Bank of Australia years ahead of rivals on cyber security

    “They operate very technology-heavy businesses, operate across borders and they have access to quite a lot of money, so you can see why there would be potential for cyber threat,” Australian Securities and Investments  Commission commissioner Cathie Armour said at the launch of the report in April.

    Mr Gambhir, who also advises big banks when they are hiring C-suite technology executives with Ganemo Group, said that it is a little known fact that CBA scans customer’s phones for viruses and malware when they download the CommBank app.

    “Not many people have anti-virus protection on their phone, so what CBA does is run a quasi anti-virus on your phone as part of their app,” he said.

    But when users download the CommBank app, they are also giving CBA permission to read the contents of their USB storage and their contacts when they sign off on the terms and conditions.

    Read more at: http://www.afr.com/business/banking-and-finance/financial-services/commonwealth-bank-of-australia-years-ahead-of-rivals-on-cyber-security-20170529-gwfg3y