The Internet is Held Together With Spit & Baling Wire

A visualization of the Internet made using network routing data. Image: Barrett Lyon, opte.org. Imagine being able to disconnect or redirect Internet traffic destined for some of the world’s biggest companies — just by spoofing an email. This is the nature of a threat vector recently removed by a Fortune 500 firm that operates one[…]

Arrest in ‘Ransom Your Employer’ Email Scheme

In August, KrebsOnSecurity warned that scammers were contacting people and asking them to unleash ransomware inside their employer’s network, in exchange for a percentage of any ransom amount paid by the victim company. This week, authorities in Nigeria arrested a suspect in connection with the scheme — a young man who said he was trying[…]

The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle, a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. Naturally, a great deal of phishing schemes that precede these bank account takeovers begin[…]

Tech CEO Pleads to Wire Fraud in IP Address Scheme

The CEO of a South Carolina technology firm has pleaded guilty to 20 counts of wire fraud in connection with an elaborate network of phony companies set up to obtain more than 735,000 Internet Protocol (IP) addresses from the nonprofit organization that leases the digital real estate to entities in North America. In 2018, the[…]