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Showing posts with label Arrests. Show all posts
online frauds
Arrests Cyber Fraud Cyberattacks Cybersecurity Precautions Data Safety digital safety Information Security online frauds

Government Struggles with Low Arrest Rate Amidst 31 Lakh Cyber Fraud Complaints

 

From the high-profile AIIMS cyber attack to widespread data leaks like that of the ICMR, the National Cyber Crime Portal (NCRP) has seen an alarming rise in cyber fraud complaints. Since 2020, the portal has received 31 lakh complaints as of February 2024. 

However, the most concerning issue, as highlighted by the Central government's official communication, is the staggeringly low number of arrests in these cases. Despite over 66,000 cases being registered by various law enforcement agencies, the total number of arrests stands at just 500, amounting to less than 1% of the reported cases. 

This discrepancy has been a recurring topic in meetings within the Ministry of Home Affairs and the Ministry of Finance. During a recent Financial Stability and Development Council (FSDC) meeting, several stakeholders voiced their frustration over the minimal progress in arrests. A significant part of the problem lies in the increasing prevalence of fraudulent loan lending apps, which have severely impacted India's financial infrastructure. 

These apps disproportionately affect low-income groups, leading to significant financial losses as money is often funneled out of the country. According to a senior official present at the FSDC meeting, many of these apps operate from China, posing a dual threat to both financial institutions and the economic stability of vulnerable populations. The official noted that some Indian nationals involved in these crimes inadvertently aid China-based operators, thereby becoming victims themselves. 

In response to these growing concerns, the central government has urged tech giants like Google and Meta to deploy experts to combat the menace. There is a heightened alarm over advertisements run by organized threat actors, many of whom operate internationally. A central cyber agency's analysis revealed that numerous mobile applications were conducting ad campaigns on Meta platforms, leading to a slew of suicides linked to harassment and extortion by illegal app operators and loan recovery agents. 

The misuse of app permissions for harvesting credentials and data adds another layer of risk, potentially enabling future cybercrimes. The FSDC meeting underscored the urgency of addressing these issues, with multiple stakeholders pushing for the Ministry of Home Affairs to take immediate action. Sources indicate that the Ministry is now expected to convene a meeting with various agencies to expedite investigations and increase the number of arrests. 

This coordinated effort aims to enhance the pace and effectiveness of law enforcement responses to cyber fraud, thereby protecting India's financial ecosystem and its most vulnerable citizens.
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Security Guidelines
Arrests Cyber Attacks Data Safety Security Security Guidelines

DOJ Prioritizes Disruptions Over Arrests in Cyberattack Cases

 

The Department of Justice is requesting its prosecutors and investigators to focus less on prosecutions and more on disruption and protection when it comes to cyberattacks, according to US Deputy Attorney General Lisa Monaco, who spoke to attendees at the RSA Conference. 

Monaco agreed that there should be a "bias towards action to disrupt and prevent, to minimize harm if it's ongoing [...] and to take that action to prevent the next victim." That will not always result in a prosecution, Monaco said, adding that it's difficult for a prosecutor to say.

"We're not measuring our success only with courtroom actions and courtroom victories." This transition is necessary because nation-states are increasingly collaborating with criminal organizations to facilitate global cyberattacks. 

"We took a hard look in the Justice Department and said, 'how can we maximize our tools and what we can bring to this fight from a Justice Department perspective?'" she said. "We needed to pivot to disruption and prevention. We needed to put victims at the center of our approach." 

"We took a hard look at the Justice Department and said, 'How can we maximize our tools and what we can bring to this fight from a Justice Department perspective?'" she explained. "We needed to shift our focus to disruption and prevention.We needed to prioritize victims in our approach." 

Monaco cited the Department of Justice's response to the Colonial Pipeline attack as an example. In that case, oil pipeline operators paid ransomware operators in the hopes of unlocking their affected systems. According to Monaco, the DOJ used existing tools—a forfeiture warrant—to locate Colonial's contribution in the blockchain and return that money to the company.

The Hive organization was notorious for attacking over 1,500 individuals and demanding $100 million in ransom. Monaco said that shutting down the Hive group saved another $130 million in ransom payments.

Throughout the discussion, Monaco emphasized the DOJ's desire to collaborate with the industry in a non-adversarial manner. Chris Krebs, the former head of the Cybersecurity and Infrastructure Security Agency (CISA), then asked her if the prosecution of former Uber CSO Joe Sullivan had violated that trust. In that case, Sullivan concealed payments made to attackers who got data from Uber's internal systems through a bug bounty payout scheme. The move was not made public until a year later after Uber's leadership changed. Sullivan was found guilty of obstructing justice in 2022.

Although other companies had made ransom payments in the past, including during the Colonial Pipeline attack, Monaco said Sullivan's case was unique because his actions were "intentional acts as was proved at trial and as the jury found," he said. "Very, very different from and not a mistake made by a CISO or compliance officer in the heat of a very stressful time."

Sullivan's sentencing is set for May 4, according to Krebs and Monaco.


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Phishing and Spam
Arrests Cyber Fraud Cyber Phishing Germany hacker arrested Mobile Phishing phishing Phishing and Spam

Germany: Individual Hacker Arrested for Stealing € 4 Million via Phishing Attacks

 

Germany’s federal criminal police, Bundeskriminalamt (BKA) carried out home raids on three suspects for executing a large-scale phishing campaign, defrauding internet users of €4 million. The phishing campaign was carried out by the charged suspects between October 3, 2020, and May 29, 2021, as per the evidence gathered by the German Computer Crime Office. 

One of the three suspects, a 24-year-old, has been arrested and charged by the BKA, the second, a 40-year-old, has also been charged with 124 acts of computer fraud, while the investigation for the third suspect is still ongoing.  

The hackers allegedly defrauded their victims by imitating as legitimate German banks and sending them phishing e-mails that were clones of messages from some real banks.  

“These e-mails were visually and linguistically believable based on real bank e-mails. The victims were informed in these letters that their house bank would change their security system – and their own account would be affected [...] The e-mail recipients were thus tricked into clicking on a link, which in turn led to a deceptively real-looking bank page. There, the phishing victims were asked to enter their login data and a current TAN, which in turn enabled the fraudsters to see all the data in the account of the respective victim – including the amount of credit and availability. The perpetrators then contacted the victims and tricked them into revealing further TAN numbers as alleged bank employees. With the TAN, they were then able to withdraw funds from the accounts of the victims.” reads the statement issued by BKA. 

The phishing emails reportedly informed the internet users of the changes in their respective bank’s security systems, beseeching the victims to click on an embedded link to continue using the bank’s services. The links redirected victims to a landing page, asking them to enter their credentials and Transaction Authentication Number (TAN), allowing the hackers access to their online banking accounts and withdrawal funds.  

According to the BKA, the hackers even used DDoS against the banks to conceal their fraudulent transactions. "In order to carry out their crimes, the accused are said to have resorted to offers from other cybercriminals who worked on the dark net, selling various forms of cyber-attacks as crime-as-a-service." BKA stated in an announcement. 

In regard to the active cases of phishing attacks and online fraud, the police urged internet users to take certain cautionary measures, such as never clicking a link or opening file attachments in emails that appear to be from a legitimate bank. If in doubt, the users are recommended to contact their banks personally or obtain information from the bank’s respective websites.
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Spain
Arrests Email Fraud Frauds Fraudsters Hackers Mobile Security Scam Sim Hijacking SIM Swapping Attacks Spain

Spanish Police Arrested SIM Swappers who Stole Money from Victims Bank Accounts

 

The Spanish National Police have arrested eight suspected members of a criminal organisation who used SIM swapping assaults to steal money from the victims' bank accounts. 

SIM switching assaults are used by criminals to get control of victims' phone numbers by duping mobile operator workers into transferring their numbers to SIMs controlled by the fraudsters. The attackers can steal money, cryptocurrency, and personal information, including contacts linked with online accounts, once a SIM has been stolen. Criminals could take over social media accounts and utilise SMS to circumvent 2FA services utilized by online services, including financial services. 

In the incident under investigation by Spanish police, the cybercriminal gained the victims' personal information and bank details via fraudulent emails in which they pretended to be their bank. The fraudsters were able to falsify the victims' official documents and use them to dupe phone store staff into issuing them with replica SIM cards. They were able to overcome SMS-based 2FA needed to access bank accounts and take the money once they had the SIM cards. 

The press release published by the Spanish National Police stated, “Agents of the National Police have dismantled a criminal organization dedicated, presumably, to bank fraud through the duplication of SIM cards. There are eight detainees based in Catalonia and acting throughout Spain who, through malicious messages and posing as a bank, obtained personal information and bank details to access the accounts of the victims whose identity they usurped through the falsification of official documents. With this, they deceived the employees of phone stores to obtain duplicate SIM cards and, in this way, have access to the bank’s security confirmation messages. In this way they could operate in online banking and access bank accounts to empty them after receiving security confirmation messages from the banks.”

The first SIM swapping attack linked to this group occurred in March 2021, when Spanish authorities received two reports about fraudulent transactions in different parts of the country. Crooks used bank transfers and digital quick payment services based in the region of Barcelona to launder the stolen funds. Seven people were arrested in Barcelona and one in Seville as a byproduct of the operation. The suspects' bank accounts were also banned by the authorities. 

The FBI announced this week that SIM swap attacks have increased, with the objective of stealing millions of dollars from victims by hijacking their mobile phone numbers. According to the FBI, US individuals have lost more than $68 million as a result of SIM switching assaults in 2021, with the number of complaints and damages nearly doubling since 2018. The FBI's Internet Crime Complaint Center (IC3) received 1,611 SIM switching assault reports in 2018, compared to 320 complaints between 2018 and 2002, resulting in a total loss of $12 million. 

Individuals should take the following steps, as per the FBI: 

• Do not post details regarding financial assets, such as bitcoin ownership or investment, on social networking platforms or forums. 
• Do not disclose the mobile number account details to representatives who ask for the account password or pin over the phone. Verify the call by calling the mobile carrier's customer support number. • Posting personal information online, such as your phone number, address, or other identifying information, is not a good idea. 
• To access online accounts, use a variety of unique passwords. 
• Any changes in SMS-based connectivity should be noted. 
• To gain access to online accounts, use strong multi-factor authentication solutions such as biometrics, physical security tokens, or standalone authentication software. 
• For easy login on mobile device applications, do not save passwords, usernames, or other information. 

On the other hand, mobile providers should take the following safety measures, according to the FBI: 

• Employees should be instructed and training sessions on SIM swapping should be held. 
• Examine incoming email addresses containing formal correspondence for minor differences that could make fraudulent addresses appear real and match the names of actual clients. 
• Establish stringent security standards that allow workers to effectively check customer credentials before transferring their phone numbers to a new device.
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Security
Arrests attacks malware Ransom Ransomware REvil REvil Ransomware Security

REvil Ransomware Operations Seem Unaffected by Recent Arrests

 

According to threat intelligence firm ReversingLabs, the REvil (Sodinokibi) ransomware cooperative's operation has not reduced despite Russia's recent arrest of numerous suspected members of the group. 

The Russian law enforcement agency FSB declared the takedown of the REvil organisation "at the request of US authorities" two weeks ago, yet the ransomware-as-a-service (RaaS) business is still running. 

After years of being accused of permitting malicious hackers to flourish within its borders as long as no Russian citizens or organisations are harmed, Russia appeared to be sending a distinct signal with the arrest of 14 members of the REvil group, even if some witnessed it as a political move amidst rising tensions along the Ukraine border. 

The high-profile arrests of affiliates, however, did not halt REvil operations, as ReversingLabs points out. In reality, the group is operating at the same speed as it was before the arrests. 

Europol reported the arrests of seven people engaged in the spread of REvil and GandCrab ransomware assaults in November 2021 (during seven months), at a time when ReversingLabs was seeing an average of 47 new REvil implants per day (326 per week). 

This was greater than September (43 new implants per day - 307 per week) and October (22 new daily implants - 150 per week), but far lower than July (87 per day - 608 per week) when the group went offline. Following the arrests in Russia, the number of REvil implants observed jumped from 24 per day (169 per week) to an average of 26 per day (180 per week). 

“While it's true that more time may be needed to assess the full impact of the arrests on REvil’s activity, the data so far would suggest that it is ‘business as usual’ for the ransomware gang,” ReversingLabs noted. ReversingLabs senior threat researcher Andrew Yeates stated.

“Threat groups exploit regionalised regulation and distributed organizational structure with sovereign state safe housing, all while leveraging a ‘no-rule’ borderless attack strategy. That makes it ever harder for national and international criminal policing organizations to put an end to threat groups such as REvil.” 

While synchronised action against REvil infrastructure may have had short-term repercussions on the RaaS's prevalence, much stronger action is required to truly stop the cybercrime ring's operations, especially given the group's corporation-like structure, where affiliates launch attacks and receive payments. 

As a result, removing simply affiliates does not affect the core of the RaaS, allowing it to continue operating. Affiliates, on the other hand, can either rebuild the enterprise or relocate to a new RaaS if only the core is removed, and this is relevant for other comparable cybercriminal groups as well.
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