Southeast Asian Cybercrime Profits Fuel Shadow Economy
With cybercriminal gangs raking in at least $18 billion regionally — and much more globally — law enforcement and policymakers…
Ransomware Gangs Pummel Southeast Asia
Successful ransomware attacks against organizations in Asia continue at peak levels in 2024 following a wave of high-profile data breaches…
INTERPOL recovers over $40 million stolen in a BEC attack
A global stop-payment mechanism created by INTERPOL successfully recovered over $40 million stolen in a BEC attack on a company in…
Huione Guarantee exposed as a $11 billion marketplace for cybercrime
The seemingly legitimate online marketplace Huione Guarantee is being used as a platform for laundering money from online scams, especially…
Forced-Labor Camps Fuel Billions of Dollars in Cyber Scams
Greater collaboration between financial and law enforcement officials is needed to dismantle cybercrime scam centers in Cambodia, Laos, and Myanmar,…
US arrests suspects behind $73M ‘pig butchering’ laundering scheme
The U.S. Department of Justice charged two suspects for allegedly leading a crime ring that laundered at least $73 million…
Police shuts down 12 fraud call centres, arrests 21 suspects
Law enforcement shut down 12 phone fraud call centers in Albania, Bosnia and Herzegovina, Kosovo, and Lebanon, behind thousands of…
FBI warns of fake verification schemes targeting dating app users
The FBI is warning of fake verification schemes promoted by fraudsters on online dating platforms that lead to costly recurring subscription charges. [...]
US moves to recover $2.3 million from “pig butchers” on Binance
The U.S. Department of Justice (DoJ) is recovering $2.3 million worth of cryptocurrency linked to a "pig butchering" fraud scheme…
Myanmar Hands Over Mob Bosses in Cyber-Fraud Bust
Heads of top crime syndicates extradited to China are implicated in pig-butchering "fraud dens," but four individuals on China's most-wanted…