$5,400 Credit Card Fraudstar Arrested

The Economic and Financial Crimes Commission have arrested Yusuf Balogun Alabi, a suspected credit card fraudster, who allegedly masterminded the theft of $5,400 Canadian Dollars from  a catering entertainment outfit in Brantford, Canada. The fraud came to light after a young Nigerian undergraduate of Thompson Rivers University in British Columbia,Tony Ifeoluwa Adebero  was arrested in […]

$32 million worth of Ethereum Stolen By Hackers

An unknown hacker has just stolen nearly $32 million worth of Ethereum – one of the most popular and increasingly valuable cryptocurrencies – from Ethereum wallet accounts linked to at least three companies that seem to have been hacked. Reports indicate that this is about the third attack on Ethereum cryptocurrency. CoinDash trading platform was […]

IBM New Security Technology Breakthrough: Nightmare For Hackers

IBM, the computing giant said on monday that it  has achieved a breakthrough in security technology that will allow every business, from banks to retailers to travel-booking companies, to encrypt their customer data on a massive scale — turning most, if not all, of their digital information into gibberish that is illegible to thieves with its […]

Ashley Madison Offers $11.2 Million in Data Breach Settlement

Ruby Life Inc., the owner and operator of the online adultery service Ashley Madison, has offered to pay $11.2 million to individuals affected by the 2015 data breach. Ashley Madison was breached in July 2015 by hackers who had threatened to leak the personal details of the website’s customers unless its owners shut down the service. […]

UAE Hacked Qatar Government News And Social Media Sites

The United Arab Emirates orchestrated the hacking of Qatari government news and social media sites in order to post incendiary false quotes attributed to Qatar’s emir, Sheikh Tamim Bin Hamad al-Thani, in late May that sparked the ongoing upheaval between Qatar and its neighbors, according to U.S. intelligence officials. Officials became aware last week that […]

Apple Announce Intension To Build Data Centre in China

A a new cyber-security regulation introduced in China by the Chinese government preventing the transmission of personal information, salary details, and transfer of any economic, scientific or technological data on either public interest grounds or national security outside China may have started yielding results. As a result of this new law, apple has declared intension […]

Russian Hacker Living in U.S. Sentenced to Prison

A Russian-born U.S. citizen has been sentenced to 110 months in prison for running a sophisticated cybercrime operation that involved botnets, stolen financial data and money laundering. Read more about Russian Hacker Living in U.S. Sentenced to Prison

IC3 Report: USD 2.4 Million Lost Due To Ransomware Attack in 2016

Ransomware is a form of malware targeting both human and technical weaknesses in an effort to deny the availability of critical data and/or systems. Ransomware is frequently delivered through various vectors, including phishing and Remote Desktop Protocol (RDP). In the recently released report from IC3, a total of 2,673 complaints were received in 2016 and […]

2016 IC3 Report: Business Email Compromise (BEC) Hit $360 Million in Losses

Business Email Compromise (BEC) is a sophisticated scam targeting businesses working with foreign suppliers and/or businesses who regularly perform wire transfer payments. The Email Account Compromise (EAC) component of BEC targets individuals who perform wire transfer payments. The techniques used in both the BEC and EAC scams have become increasingly similar. IC3 is said to […]