DOJ Seizes $2.3 Million Bitcoin from Chaos Ransomware In a significant blow to cybercriminals, the Department of Justice (DOJ) has successfully seized $2.3 million in Bitcoin from the operators of the Chaos ransomware. This successful operation marks a crucial milestone in the fight against ransomware attacks and sets a precedent for how law enforcement can […]
AI fuels new wave of global security breaches
AI Fuels New Wave of Global Security Breaches In the ever-evolving landscape of cybersecurity, artificial intelligence (AI) is proving to be a double-edged sword. While AI technologies have undoubtedly enhanced the efficiency and effectiveness of security measures, they have also inadvertently fueled a new wave of global security breaches. With more than 560,000 new malware […]
Foreign cybercrime cells thrive in Nigeria
Foreign Cybercrime Cells Thrive in Nigeria The Economic and Financial Crimes Commission (EFCC) has issued a stark warning about the burgeoning presence of foreign-led cybercrime cells in Nigeria. According to the EFCC, the leniency in visa regulations and loose rental regulations have created a fertile breeding ground for these criminal syndicates to operate with impunity. […]
SatanLock ends operation amid ransomware ecosystem turmoil
SatanLock: A Look at the End of an Era in the Ransomware Ecosystem Ransomware attacks have become an increasingly prevalent threat in today’s digital landscape, with cybercriminals constantly evolving their tactics to infiltrate systems and hold data hostage for financial gain. Among the myriad of malicious actors operating in this space, SatanLock emerged as a […]
Hackers steal $180M in Brazil’s biggest bank breach
The Rise of Cybercrime: Hackers Steal $180M in Brazil’s Biggest Bank Breach In a digital age where financial transactions are predominantly conducted online, the threat of cybercrime looms larger than ever. Recently, Brazil faced its biggest bank breach to date, with hackers making away with a staggering $180 million. The authorities are now in a […]
Beware of fake deals as Prime Day approaches
Beware of fake deals as Prime Day approaches As the highly anticipated Prime Day approaches, online shoppers are gearing up for exclusive deals and discounts on a wide range of products. However, amidst the excitement and frenzy of snagging the best bargains, there is a lurking threat that consumers need to be wary of – […]
Ransomware attack hits Swiss government data
Ransomware Attack Hits Swiss Government Data In a recent cyber incident, Sarcoma hackers successfully breached the Swiss contractor Radix, leading to the leak of a staggering 1.3 terabytes of sensitive files. The ramifications of this ransomware attack on the Swiss government data are not only concerning but also shed light on the increasing sophistication of […]
Cybercrime in Africa: Turning research into justice and action
Cybercrime in Africa: Turning Research into Justice and Action As cyber threats continue to evolve and become more personal across the African continent, there is a pressing need for concerted action to combat this growing menace. From phishing scams to identity theft and ransomware attacks, cybercrime poses a significant threat to individuals, businesses, and governments […]
Ryuk ransomware hacker extradited to US after arrest in Ukraine
Ryuk Ransomware Hacker Extradited to US: A Major Win in the Fight Against Cybercrime In a significant development in the ongoing battle against cybercrime, a 33-year-old hacker involved in the notorious Ryuk ransomware attacks has been extradited to the United States following his arrest in Ukraine. This extradition marks a crucial step in holding cybercriminals […]
Cyberattack on Nova Scotia Power exposes sensitive data of 280,000 customers
Cyberattack on Nova Scotia Power Exposes Sensitive Data of 280,000 Customers Nova Scotia Power, a prominent utility company in Canada, recently fell victim to a ransomware attack, putting the sensitive information of approximately 280,000 customers at risk. This incident sheds light on the increasing threats of cyberattacks targeting critical infrastructure and highlights the urgent need […]