Who Is the Network Access Broker ‘Babam’?

Rarely do cybercriminal gangs that deploy ransomware gain the initial access to the target themselves. More commonly, that access is purchased from a cybercriminal broker who specializes in acquiring remote access credentials — such as usernames and passwords needed to remotely connect to the target’s network. In this post we’ll look at the clues leftContinue reading “Who Is the Network Access Broker ‘Babam’?”

Ubiquiti Developer Charged With Extortion, Causing 2020 “Breach”

In January 2021, technology vendor Ubiquiti Inc. [NYSE:UI] disclosed that a breach at a third party cloud provider had exposed customer account credentials. In March, a Ubiquiti employee warned that the company had drastically understated the scope of the incident, and that the third-party cloud provider claim was a fabrication. On Wednesday, a former UbiquitiContinue reading “Ubiquiti Developer Charged With Extortion, Causing 2020 “Breach””

The Internet is Held Together With Spit & Baling Wire

A visualization of the Internet made using network routing data. Image: Barrett Lyon, opte.org. Imagine being able to disconnect or redirect Internet traffic destined for some of the world’s biggest companies — just by spoofing an email. This is the nature of a threat vector recently removed by a Fortune 500 firm that operates oneContinue reading “The Internet is Held Together With Spit & Baling Wire”

Arrest in ‘Ransom Your Employer’ Email Scheme

In August, KrebsOnSecurity warned that scammers were contacting people and asking them to unleash ransomware inside their employer’s network, in exchange for a percentage of any ransom amount paid by the victim company. This week, authorities in Nigeria arrested a suspect in connection with the scheme — a young man who said he was tryingContinue reading “Arrest in ‘Ransom Your Employer’ Email Scheme”

The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle, a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. Naturally, a great deal of phishing schemes that precede these bank account takeovers beginContinue reading “The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back”

Tech CEO Pleads to Wire Fraud in IP Address Scheme

The CEO of a South Carolina technology firm has pleaded guilty to 20 counts of wire fraud in connection with an elaborate network of phony companies set up to obtain more than 735,000 Internet Protocol (IP) addresses from the nonprofit organization that leases the digital real estate to entities in North America. In 2018, theContinue reading “Tech CEO Pleads to Wire Fraud in IP Address Scheme”

Hoax Email Blast Abused Poor Coding in FBI Website

The Federal Bureau of Investigation (FBI) confirmed today that its fbi.gov domain name and Internet address were used to blast out thousands of fake emails about a cybercrime investigation. According to an interview with the person who claimed responsibility for the hoax, the spam messages were sent by abusing insecure code in an FBI onlineContinue reading “Hoax Email Blast Abused Poor Coding in FBI Website”

SMS About Bank Fraud as a Pretext for Voice Phishing

Most of us have probably heard the term “smishing” — which is a portmanteau for traditional phishing scams sent through SMS text messages. Smishing messages usually include a link to a site that spoofs a popular bank and tries to siphon personal information. But increasingly, phishers are turning to a hybrid form of smishing —Continue reading “SMS About Bank Fraud as a Pretext for Voice Phishing”

Microsoft Patch Tuesday, November 2021 Edition

Microsoft Corp. today released updates to quash at least 55 security bugs in its Windows operating systems and other software. Two of the patches address vulnerabilities that are already being used in active attacks online, and four of the flaws were disclosed publicly before today — potentially giving adversaries a head start in figuring outContinue reading “Microsoft Patch Tuesday, November 2021 Edition”

REvil Ransom Arrest, $6M Seizure, and $10M Reward

The U.S. Department of Justice today announced the arrest of Ukrainian man accused of deploying ransomware on behalf of the REvil ransomware gang, a Russian-speaking cybercriminal collective that has extorted hundreds of millions from victim organizations. The DOJ also said it had seized $6.1 million in cryptocurrency sent to another REvil affiliate, and that theContinue reading “REvil Ransom Arrest, $6M Seizure, and $10M Reward”