4 Ways Hackers use Social Engineering to Bypass MFA

When it comes to access security, one recommendation stands out above the rest: multi-factor authentication (MFA). With passwords alone being simple work for hackers, MFA provides an essential layer of protection against breaches. However, it's important to remember that MFA isn't foolproof. It can be bypassed, and it often is.  If a password is compromised, there are several options

Belarusian National Linked to BTC-e Faces 25 Years for $4 Billion Crypto Money Laundering

A 42-year-old Belarusian and Cypriot national with alleged connections to the now-defunct cryptocurrency exchange BTC-e is facing charges related to money laundering and operating an unlicensed money services business. Aliaksandr Klimenka, who was arrested in Latvia on December 21, 2023, was extradited to the U.S. and is currently being held in custody. If convicted, he faces a maximum penalty

Perfecting the Defense-in-Depth Strategy with Automation

Medieval castles stood as impregnable fortresses for centuries, thanks to their meticulous design. Fast forward to the digital age, and this medieval wisdom still echoes in cybersecurity. Like castles with strategic layouts to withstand attacks, the Defense-in-Depth strategy is the modern counterpart — a multi-layered approach with strategic redundancy and a blend of passive and active security

Applying the Tyson Principle to Cybersecurity: Why Attack Simulation is Key to Avoiding a KO

Picture a cybersecurity landscape where defenses are impenetrable, and threats are nothing more than mere disturbances deflected by a strong shield. Sadly, this image of fortitude remains a pipe dream despite its comforting nature. In the security world, preparedness is not just a luxury but a necessity. In this context, Mike Tyson's famous adage, "Everyone has a plan until they get punched in

British LAPSUS$ Teen Members Sentenced for High-Profile Attacks

Two British teens part of the LAPSUS$ cyber crime and extortion gang have been sentenced for their roles in orchestrating a string of high-profile attacks against a number of companies. Arion Kurtaj, an 18-year-old from Oxford, has been sentenced to an indefinite hospital order due to his intent to get back to cybercrime "as soon as possible," BBC reported. Kurtaj, who is autistic, was

FCC Enforces Stronger Rules to Protect Customers Against SIM Swapping Attacks

The U.S. Federal Communications Commission (FCC) is adopting new rules that aim to protect consumers from cell phone account scams that make it possible for malicious actors to orchestrate SIM-swapping attacks and port-out fraud. “The rules will help protect consumers from scammers who target data and personal information by covertly swapping SIM cards to a new device or porting phone numbers to

Microsoft Warns as Scattered Spider Expands from SIM Swaps to Ransomware

The prolific threat actor known as Scattered Spider has been observed impersonating newly hired employees in targeted firms as a ploy to blend into normal on-hire processes and takeover accounts and breach organizations across the world. Microsoft, which disclosed the activities of the financially motivated hacking crew, described the adversary as "one of the most dangerous financial criminal

34 Cybercriminals Arrested in Spain for Multi-Million Dollar Online Scams

Spanish law enforcement officials have announced the arrest of 34 members of a criminal group that carried out various online scams, netting the gang about €3 million ($3.2 million) in illegal profits. Authorities conducted searches across 16 locations Madrid, Malaga, Huelva, Alicante, and Murcia, seizing two simulated firearms, a katana sword, a baseball bat, €80,000 in cash, four high-end

Kroll Suffers Data Breach: Employee Falls Victim to SIM Swapping Attack

Risk and financial advisory solutions provider Kroll on Friday disclosed that one of its employees fell victim to a "highly sophisticated" SIM swapping attack. The incident, which took place on August 19, 2023, targeted the employee's T-Mobile account, the company said. "Specifically, T-Mobile, without any authority from or contact with Kroll or its employee, transferred that employee's phone

Twitter Hacker Sentenced to 5 Years in Prison for $120,000 Crypto Scam

A U.K. citizen who took part in the massive July 2020 hack of Twitter has been sentenced to five years in prison in the U.S. Joseph James O'Connor (aka PlugwalkJoe), 24, was awarded the sentence on Friday in the Southern District of New York, a little over a month after he pleaded guilty to the criminal schemes. He was arrested in Spain in July 2021. The infamous Twitter breach allowed the

Threat Group UNC3944 Abusing Azure Serial Console for Total VM Takeover

A financially motivated cyber actor has been observed abusing Microsoft Azure Serial Console on virtual machines (VMs) to install third-party remote management tools within compromised environments. Google-owned Mandiant attributed the activity to a threat group it tracks under the name UNC3944, which is also known as Roasted 0ktapus and Scattered Spider. "This method of attack was unique in

Mastermind Behind Twitter 2020 Hack Pleads Guilty and Faces up to 70 Years in Prison

A U.K. national has pleaded guilty in the U.S. in connection with the July 2020 Twitter attack affecting numerous high-profile accounts and defrauding other users of the platform. Joseph James O'Connor, who also went by the online alias PlugwalkJoe, admitted to "his role in cyberstalking and multiple schemes that involve computer hacking, including the July 2020 hack of Twitter," the U.S.

Telcom and BPO Companies Under Attack by SIM Swapping Hackers

A persistent intrusion campaign has set its eyes on telecommunications and business process outsourcing (BPO) companies at lease since June 2022. "The end objective of this campaign appears to be to gain access to mobile carrier networks and, as evidenced in two investigations, perform SIM swapping activity," CrowdStrike researcher Tim Parisi said in an analysis published last week. The

Three Common Mistakes That May Sabotage Your Security Training

Phishing incidents are on the rise. A report from IBM shows that phishing was the most popular attack vector in 2021, resulting in one in five employees falling victim to phishing hacking techniques. The Need for Security Awareness Training  Although technical solutions protect against phishing threats, no solution is 100% effective. Consequently, companies have no choice but to involve their

SIM-based Authentication Aims to Transform Device Binding Security to End Phishing

Let's face it: we all use email, and we all use passwords. Passwords create inherent vulnerability in the system. The success rate of phishing attacks is skyrocketing, and opportunities for the attack have greatly multiplied as lives moved online. All it takes is one password to be compromised for all other users to become victims of a data breach.  To deliver additional security, therefore,