The tale of “Bitcoin Baron” reveals a worrying picture and illustrates how easy it has become to wreak havoc on the internet. A 23-year-old man from Arizona, USA, was sentenced to 20 months in jail for launching distributed denial of service (DDoS) attacks at the computer networks of Madison, the capital of Wisconsin, three years … More American hacker gets jail time for serial DDoS attacks
In 2017, the victims of BEC fraud were stung for $676 million, almost double the loss totals reported in the previous year. The FBI’s Internet Crime Complaint Center (IC3) received a record-high 301,000 complaints of internet-facilitated fraud and other cybercrimes in 2017, with reported losses adding up to $1.42 billion. Pegged at over $676 million, … More Losses from Business Email Compromise scams rising fast and furious
For as little as $15 per month, anyone with a criminal bent could rent the services of webstresser.org to take down a targeted site. An international law enforcement operation has shut down a website widely thought to be the world’s biggest marketplace for hiring distributed denial-of-service (DDoS) attacks, according to an announcement by the United Kingdom’s National … More World’s biggest DDoS marketplace taken down, six suspected admins nabbed
The lottery’s operator has found that attackers probably used an automated method known as ‘credential stuffing’ to access up to 150 customer accounts. The United Kingdom’s National Lottery is advising all of its 10.5 million registered online users to change their passwords as a safety precaution following a security incident. The recommendation comes after the … More UK’s National Lottery urges millions of players to change their passwords
As many as 43% of online login attempts globally are made by bots that are used for evil ends, as attackers are increasingly leveraging the automated tools for credential abuse, a report by Akamai has revealed. Focusing on data for November, 2017, the content delivery network provider found that 3.6 billion out of 8.3 billion login requests during that … More Over 40% of online login attempts are attackers trying to invade accounts
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