The accused ringleader of a cyber fraud gang that allegedly rented out access to a criminal cloud hosting service known as “Avalanche” is now a fugitive from justice following a bizarre series of events in which he shot at Ukrainian police, was arrested on cybercrime charges and then released from custody.
Read the full article on Krebs On Security
Larry Abrams just reported: “Yesterday a new in-development ransomware was discovered by MalwareHunterTeam called Popcorn Time that intends to give victims a very unusual, and criminal, way of getting a free decryption key for their files. With Popcorn Time, not only can a victim pay a ransom to get their files back, but they can also try to infect two other people and have them pay the ransom in order to get a free key.
Read more on Know Be4
Germany-based industrial conglomerate ThyssenKrupp was hit by a cyberespionage attack earlier this year that resulted in data being stolen from its industrial solutions and steel producing units. An investigation revealed that the attack was carried out by a professional group of hackers from Southeast Asia and targeted technological know-how and research, according to the group.
Full article via CSO Online
The upcoming year will include an increased breadth and depth of attacks, with malicious threat actors differentiating their tactics to capitalize on the changing technology landscape, according to Trend Micro.
Read the full article on Help Net Security
Prefab phishing campaigns cost less to run and are twice as profitable as traditional phishing attacks, according to a new study by security vendor Imperva.
Read the full article on The Register
A report by Denmark-based Saxo Bank claims bitcoin’s price could rise by 165% to more than $2,000 due to an economic stimulus expected from incoming President Trump. The bullish bitcoin outlook is one of 10 Saxo Bank “Outrageous Predictions for 2017.”
Full article via CryptoCoins News
A Turkish hacking crew is luring participants to join its DDoS platform to compete with peers to earn redeemable points that are exchangeable for hacking tools and click-fraud software. The goal, security researchers say, is to “gamify” DDoS attacks in order to attract a critical mass of hackers working toward a unified goal.
The hacking platform is called Surface Defense and is being promoted in Turkish-language Dark Web forums including Turkhackteam and Root Developer, according to Forcepoint Security Labs, the security firm that first uncovered and reported the DDoS platform.
Read more on Threat Post
Christmas and the holidays are near and e-commerce sales are booming. So too is the dark web where, according to a report by German newspaper volksfreund.de, criminals are buying progressively more counterfeit Euros. They say this is the reason why there’s plenty of fake Euro bills in the Rhineland-Palatinate region.
Full article via Deep Dot Web
A notable blockchain industry investor was hacked today, the latest target in a string of apparent social engineering attacks that have taken aim at cryptocurrency users.The hackers claim to have stolen and liquidated 110,000 REP (upwards of $300,000) in the digital currency Augur plus an additional unknown sum of ether, the cryptocurrency on the ethereum blockchain, owned by Bo Shen, founder of VC firm Fenbushi Capital.
Continue reading on Coin Desk