TRM Labs Joins Forces with the National Cyber-Forensics and Training Alliance (NCFTA) to Disrupt Threat of Cybercrime
TRM Labs, the leader in blockchain intelligence solutions, today announced it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a trusted alliance of business and law enforcement created to disrupt the devastating and ever-changing threats from cybercrime. The partnership allows TRM Labs to share critical blockchain intelligence and investigative resources with the NCFTA and its network who collaborate to address the most urgent cyber-enabled threats.
Continue ReadingQakbot Malware Disrupted in International Cyber Takedown
Qakbot malware infected more than 700,000 victim computers, facilitated ransomware deployments, and caused hundreds of millions of dollars in damage. The action represents the largest U.S.-led financial and technical disruption of a botnet infrastructure leveraged by cybercriminals to commit ransomware, financial fraud, and other cyber-enabled criminal activity.
Continue ReadingSoCal Skimmer Gets Prison for Million-Dollar Financial Identity Theft Scheme
A Los Angeles resident was sentenced to 41 months in prison for repeatedly installing at least 54 skimming devices at gas pumps throughout Southern California. Haykaz Mansuryan is the third co-conspirator in this scheme to be sentenced. Two additional defendants are presently set for a jury trial. One defendant, Petros Armutyan, remains a fugitive. The remaining 3 defendants are pending sentencing.
Continue ReadingSuspected key figure of notorious cybercrime group arrested in joint operation
Operation Nervone has dealt a significant blow to the OPERA1ER group. Over the last four years, a highly-organized criminal organization has targeted financial institutions and mobile banking services with malware, phishing campaigns and large-scale Business Email Compromise (BEC) scams. Known as OPERA1ER, with aliases such as NX$M$, DESKTOP Group and Common Raven, the group is believed to have stolen an estimated USD 11 million - potentially as much as 30 million - in more than 30 attacks across 15 countries in Africa, Asia and Latin America.
Continue ReadingTackling streaming fraud is becoming a key objective for the music business
Members of the Music Fights Fraud alliance say that they will provide “greater cross-platform collaboration and data sharing” in coordination with a third party, the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit partnership between private organizations, government, and academia.
Continue ReadingMusic Platforms Unite To Form Industry-Wide Anti-Fraud Alliance, "Music Fights Fraud"
Founding Members Include Digital Music Companies CD Baby and its parent company Downtown, TuneCore and its parent company Believe, DistroKid, UnitedMasters, Symphonic, EMPIRE, and Vydia as well as Digital Service Providers Spotify and Amazon Music. The National Cyber-Forensics and Training Alliance - a neutral third party - will operationalize protocol for the centralized prevention of cross-platform streaming fraud, currently costing the industry hundreds of millions of dollars each year.
Continue ReadingCEO of Dozens of Companies Pleads Guilty to Massive Scheme to Traffic in Fraudulent and Counterfeit Cisco Networking Equipment
A Florida resident and dual citizen of the United States and Turkey pleaded guilty yesterday in the District of New Jersey to running an extensive operation over many years to traffic in fraudulent and counterfeit Cisco networking equipment.
Continue ReadingMemphis Man Charged with Trafficking Counterfeit Airbags from China
Mohammed Al-Abadi imported counterfeit motor vehicle airbag parts from China, assembled them and then sold them on eBay to unsuspecting automobile repair shops and individual customers. Federal agents recovered more than 2,000 counterfeit airbags and parts from the defendant’s residence and place of business.
Continue ReadingFive Family Members Sentenced to Prison and Ordered to Forfeit a Combined $51.9 Million Dollars in Proceeds from Their Fraudulent Sale of Counterfeit Trademarked Cellular Phones and Accessories
The family members operated a multi-million dollar scheme wherein they sold counterfeit cellphones and cellphone accessories on Amazon.com and eBay.com which they misrepresented as new and genuine Apple and Samsung products.
Continue ReadingTakedown of Darknet Cryptocurrency Mixer that Processed Over $3 Billion of Unlawful Transactions
The Justice Department announced a coordinated international takedown of ChipMixer, a darknet cryptocurrency “mixing” service responsible for laundering more than $3 billion worth of cryptocurrency, between 2017 and the present, in furtherance of, among other activities, ransomware, darknet market, fraud, cryptocurrency heists and other hacking schemes.
Continue Reading