Cyber Crime

Pierluigi Paganini June 03, 2013
Senior management considered a primary target by modern cybercrime

According to a recent research of Group-IB on cybercrime senior management is considered among most privileged targets. Group-IB is one of the leading companies in fraud prevention, cybercrime and high-tech crime investigations, it is IMPACT-ITU member and one of most active firms in the analysis if cyber criminal phenomena. The firm reported that cyber criminals use personal and confidential data of […]

Pierluigi Paganini June 01, 2013
Liberty Reserve suspension and impact on criminal underground

Private currency exchange system Liberty Reserve was shut down by US law enforcement, it is considered most popular payment system by cyber criminals. Liberty Reserve is a private currency exchange system issued by Liberty Reserve S.A. Of San JosĂ©, Costa Rica that was shut down by US law enforcement with a deep impact on cybercriminal underground. The […]

Pierluigi Paganini May 24, 2013
US critical infrastructure under unceasing cyber attacks

US Congressmen Ed Markey and Henry Waxman issued the report “Electric grid vulnerability” on the level of security for US critical infrastructure. Attack on critical infrastructure is the main concern for worldwide security community, every government has become aware of the risks related to a cyber attack against their own country and is investing to improve its cyber capabilities. […]

Pierluigi Paganini May 23, 2013
Cost of cybercrime for UK Small Businesses

The Federation of Small Businesses issued an interesting study on cost of cybercrime suffered by small businesses in the UK. Cost of cybercrime is usually evaluated for large corporate underestimating its dramatic effect on small business, small companies are in fact most vulnerable to the increasing cyber criminals and hacktivists. An interesting study conducted by […]

Pierluigi Paganini May 20, 2013
Operation Hangover, the Indian Cyberattack Infrastructure

Operation Hangover is the title of a report published by Norman Shark that details a sophisticated cyberattack infrastructure that appears to originate from India, conducted by private threat actors with no evidence of state-sponsorship. Operation Hangover, this is the name assigned by Norman Shark’s security analyst team to an interesting report revealing a large and sophisticated cyber-attack […]

Pierluigi Paganini May 20, 2013
WSIS Forum 2013 – Securing Cyberspace in a borderless world

“Securing Cyberspace in a borderless world: Vision 2015 and Beyond” is the title of a High Level Dialogue that was held during The World Summit on the Information Society Forum (WSIS) 2013. The World Summit on the Information Society Forum (WSIS) represents the world’s largest annual gathering of the ICT for development  community, the event is organized […]

Pierluigi Paganini May 19, 2013
Yahoo Japan suspects 22 million user IDs stolen

Yahoo Japan Corp is investigating on a possible data breach that may have exposed 22 million user IDs stolen during an unauthorized access to web portal. Yahoo Japan Corp is investigating on a possible data breach that exposed the user IDs of 22 million accounts, another shocking event that raise the necessity to improve security […]

Pierluigi Paganini May 17, 2013
Group-IB Exclusive details on Kangoo botnet that hit Australian banks

Group-IB researchers have detected a new botnet named Kangoo that infected more than 150 000 machines mainly targeting Australian banks. Group-IB researchers have detected a new botnet named Kangoo that infected more than 150 000 machines, specialists dubbed it «Kangoo» due the presence of  a kangaroo logo on the WEB-interface of the C&C administrative panel. The botnet mainly […]

Pierluigi Paganini May 14, 2013
New trends in the underground market, the offer of cybercrime

The monitoring of the criminal underground is essential to understand the dynamics of cybercrime and related offer on the black market. At fixed intervals I decided to take a look at what is happening in the underground black market analyzing how evolves its offer and the related sales models. In the last months it has been […]

Pierluigi Paganini May 11, 2013
Bank robbery. Global Network of cyber criminals stole $45m from ATMs

The biggest Bank robbery realized by a gang of hackers, a global network of cyber criminals operating in 26 countries stole $45 million hacking into a database of prepaid debit cards. The news on the biggest bank robbery with a cyber attack against ATMs in the history is conquering the Network, US law enforcement has […]