Financial Fraud | Breaking Cybersecurity News | The Hacker News

Belgian and Dutch authorities have arrested eight suspects in connection with a "phone phishing" gang that primarily operated out of the Netherlands with an aim to steal victims' financial data and funds. As part of the international operation, law enforcement agencies carried out 17 searches in different locations in Belgium and the Netherlands, Europol said. In addition, large amounts of cash, firearm, as well as electronic devices, luxury watches, and jewelry have been seized. "Besides committing large-scale 'phishing' campaigns and trying to gain access to financial data by phone or online, the suspects also pretended to be police or banking staff and approached older victims at their doors," the agency said . The cybercrime operation involved sending phishing messages via email, SMS, and WhatsApp, urging recipients to click on a link that captured the credentials and other information. In other instances, victims were approached by the crimina...

Over a dozen malicious Android apps identified on the Google Play Store that have been collectively downloaded over 8 million times contain malware known as SpyLoan, according to new findings from McAfee Labs. "These PUP (potentially unwanted programs) applications use social engineering tactics to trick users into providing sensitive information and granting extra mobile app permissions, which can lead to extortion, harassment, and financial loss," security researcher Fernando Ruiz said in an analysis published last week. The newly discovered apps purport to offer quick loans with minimal requirements to attract unsuspecting users in Mexico, Colombia, Senegal, Thailand, Indonesia, Vietnam, Tanzania, Peru, and Chile. The 15 predatory loan apps are listed below. Five of these apps that are still available for download from the official app store are said to have made changes to comply with Google Play policies. Préstamo Seguro-Rápido, seguro (com.prestamoseguro.ss ) P...

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An INTERPOL-led operation has led to the arrest of 1,006 suspects across 19 African countries and the takedown of 134,089 malicious infrastructures and networks as part of a coordinated effort to disrupt cybercrime in the continent. Dubbed Serengeti , the law enforcement exercise took place between September 2 and October 31, 2024, and targeted criminals behind ransomware, business email compromise (BEC), digital extortion, and online scams. The participating nations in the operation were Algeria, Angola, Benin, Cameroon, Côte d'Ivoire, Democratic Republic of the Congo, Gabon, Ghana, Kenya, Mauritius, Mozambique, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Tunisia, Zambia, and Zimbabwe. These activities, which ranged from online credit card fraud and Ponzi schemes to investment and multi-level marketing scams, victimized more than 35,000 people, leading to financial losses nearly amounting to $193 million across the world. In connection with the $6 million online Ponzi ...

Meta Platforms, Microsoft, and the U.S. Department of Justice (DoJ) have announced independent actions to tackle cybercrime and disrupt services that enable scams, fraud, and phishing attacks. To that end, Microsoft's Digital Crimes Unit (DCU) said it seized 240 fraudulent websites associated with an Egypt-based cybercrime facilitator named Abanoub Nady (aka MRxC0DER and mrxc0derii), who advertised for sale a phishing kit called ONNX. Nady's criminal operation is said to date as far back as 2017. "Numerous cybercriminal and online threat actors purchased these kits and used them in widespread phishing campaigns to bypass additional security measures and break into Microsoft customer accounts," Microsoft DCU's Steven Masada said . "While all sectors are at risk, the financial services industry has been heavily targeted given the sensitive data and transactions they handle. In these instances, a successful phish can have devastating real-world consequences...

Threat hunters are warning about an updated version of the Python-based NodeStealer that's now equipped to extract more information from victims' Facebook Ads Manager accounts and harvest credit card data stored in web browsers. "They collect budget details of Facebook Ads Manager accounts of their victims, which might be a gateway for Facebook malvertisement," Netskope Threat Labs researcher Jan Michael Alcantara said in a report shared with The Hacker News. "New techniques used by NodeStealer include using Windows Restart Manager to unlock browser database files, adding junk code, and using a batch script to dynamically generate and execute the Python script." NodeStealer , first publicly documented by Meta in May 2023, started off as JavaScript malware before evolving into a Python stealer capable of gathering data related to Facebook accounts in order to facilitate their takeover. It's assessed to be developed by Vietnamese threat actors, who...

Ilya Lichtenstein, who pleaded guilty to the 2016 hack of cryptocurrency stock exchange Bitfinex, has been sentenced to five years in prison, the U.S. Department of Justice (DoJ) announced Thursday. Lichtenstein was charged for his involvement in a money laundering scheme that led to the theft of nearly 120,000 bitcoins (valued at over $10.5 billion at current prices) from the crypto exchange. Heather Rhiannon Morgan, his wife, also pleaded guilty to the same crimes last year. They were both arrested in February 2022. Morgan is scheduled to be sentenced on November 18. "Lichtenstein, 35, hacked into Bitfinex's network in 2016, using advanced hacking tools and techniques," the DoJ said in a press statement. "Once inside the network, Lichtenstein fraudulently authorized more than 2,000 transactions transferring 119,754 bitcoin from Bitfinex to a cryptocurrency wallet in Lichtenstein's control." TRM Labs said Lichtenstein exploited a vulnerability in Bit...

Cybersecurity researchers have discovered a new version of a well-known Android malware family dubbed FakeCall that employs voice phishing (aka vishing) techniques to trick users into parting with their personal information. "FakeCall is an extremely sophisticated Vishing attack that leverages malware to take almost complete control of the mobile device, including the interception of incoming and outgoing calls," Zimperium researcher Fernando Ortega said in a report published last week. "Victims are tricked into calling fraudulent phone numbers controlled by the attacker and mimicking the normal user experience on the device." FakeCall, also tracked under the names FakeCalls and Letscall, has been the subject of multiple analyses by Kaspersky, Check Point , and ThreatFabric since its emergence in April 2022. Previous attack waves have primarily targeted mobile users in South Korea. The names of the malicious package names, i.e., dropper apps, bearing the ma...

New variants of an Android banking trojan called TrickMo have been found to harbor previously undocumented features to steal a device's unlock pattern or PIN. "This new addition enables the threat actor to operate on the device even while it is locked," Zimperium security researcher Aazim Yaswant said in an analysis published last week. First spotted in the wild in 2019, TrickMo is so named for its associations with the TrickBot cybercrime group and is capable of granting remote control over infected devices, as well as stealing SMS-based one-time passwords (OTPs) and displaying overlay screens to capture credentials by abusing Android's accessibility services. Last month, Italian cybersecurity company Cleafy disclosed updated versions of the mobile malware with improved mechanisms to evade analysis and grant itself additional permissions to perform various malicious actions on the device, including carrying out unauthorized transactions. Some of the new varia...

North Korean threat actors have been observed using a Linux variant of a known malware family called FASTCash to steal funds as part of a financially-motivated campaign. The malware is "installed on payment switches within compromised networks that handle card transactions for the means of facilitating the unauthorized withdrawal of cash from ATMs," a security researcher who goes by HaxRob said . FASTCash was first documented by the U.S. government in October 2018 as used by adversaries linked to North Korea in connection with an ATM cashout scheme targeting banks in Africa and Asia since at least late 2016. "FASTCash schemes remotely compromise payment switch application servers within banks to facilitate fraudulent transactions," the agencies noted at the time. "In one incident in 2017, HIDDEN COBRA actors enabled cash to be simultaneously withdrawn from ATMs located in over 30 different countries. In another incident in 2018, HIDDEN COBRA actors enab...

INTERPOL has announced the arrest of eight individuals in Côte d'Ivoire and Nigeria as part of a crackdown on phishing scams and romance cyber fraud. Dubbed Operation Contender 2.0, the initiative is designed to tackle cyber-enabled crimes in West Africa, the agency said. One such threat involved a large-scale phishing scam targeting Swiss citizens that resulted in financial losses to the tune of more than $1.4 million. The cybercriminals posed as buyers on small advertising websites and used QR codes to direct victims to fraudulent websites that mimicked a legitimate payment platform. This allowed victims to inadvertently enter personal information such as their credentials or card numbers. The perpetrators also impersonated the unnamed platform's customer service agents over the phone to further deceive them. As many as 260 scam reports are said to have been received by Swiss authorities between August 2023 and April 2024, prompting a collaborative investigation that ...

A large-scale fraud campaign leveraged fake trading apps published on the Apple App Store and Google Play Store, as well as phishing sites, to defraud victims, per findings from Group-IB. The campaign is part of a consumer investment fraud scheme that's also widely known as pig butchering , in which prospective victims are lured into making investments in cryptocurrency or other financial instruments after gaining their trust under the guise of a romantic relationship or an investment advisor. Such manipulative and social engineering operations often end with the victims losing their funds, and in some cases, the extraction of even more money from them by requesting various fees and other payments. The Singapore-headquartered company said the campaign has a global reach, with victims reported across Asia-Pacific, European, Middle East, and Africa. The bogus apps, built using the UniApp Framework, have been classified under the moniker UniShadowTrade . The activity cluster i...

The U.S. Department of Justice (DoJ) has charged a 39-year-old U.K. national for perpetrating a hack-to-trade fraud scheme that netted him nearly $3.75 million in illegal profits. Robert Westbrook of London was arrested last week and is expected to be extradited to the U.S. to face charges related to securities fraud, wire fraud, and five counts of computer fraud. According to the court documents, Westbrook is believed to have executed a fraudulent scheme between January 2019 and May 2020 that allowed him to generate millions in profits by gaining unauthorized access to Microsoft 365 accounts belonging to corporate executives. "On at least five occasions, Westbrook gained unauthorized access to Office 365 email accounts belonging to corporate executives employed by certain U.S.-based companies to obtain non-public information, including information about impending earnings announcements," the DoJ said . The accused then used that information to purchase securities and ma...

Cryptocurrency exchange Binance is warning of an "ongoing" global threat that's targeting cryptocurrency users with clipper malware with the goal of facilitating financial fraud. Clipper malware, also called ClipBankers , is a type of malware that Microsoft calls cryware , which comes with capabilities to monitor a victim's clipboard activity and steal sensitive data a user copies, including replacing cryptocurrency addresses with those under an attacker's control. In doing so, digital asset transfers initiated on a compromised system are routed to a rogue wallet instead of the intended destination address. "In clipping and switching, a cryware monitors the contents of a user's clipboard and uses string search patterns to look for and identify a string resembling a hot wallet address," the tech giant noted way back in 2022. "If the target user pastes or uses CTRL + V into an application window, the cryware replaces the object in the clipbo...

Cybersecurity researchers have uncovered a new variant of an Android banking trojan called TrickMo that comes packed with new capabilities to evade analysis and display fake login screens to capture victims' banking credentials. "The mechanisms include using malformed ZIP files in combination with JSONPacker," Cleafy security researchers Michele Roviello and Alessandro Strino said . "In addition, the application is installed through a dropper app that shares the same anti-analysis mechanisms." "These features are designed to evade detection and hinder cybersecurity professionals' efforts to analyze and mitigate the malware." TrickMo, first caught in the wild by CERT-Bund in September 2019, has a history of targeting Android devices, particularly targeting users in Germany to siphon one-time passwords (OTPs) and other two-factor authentication (2FA) codes to facilitate financial fraud. The mobile-focused malware is assessed to be the work of ...

Bank customers in the Central Asia region have been targeted by a new strain of Android malware codenamed Ajina.Banker since at least November 2023 with the goal of harvesting financial information and intercepting two-factor authentication (2FA) messages. Singapore-headquartered Group-IB, which discovered the threat in May 2024, said the malware is propagated via a network of Telegram channels set up by the threat actors under the guise of legitimate applications related to banking, payment systems, and government services, or everyday utilities. "The attacker has a network of affiliates motivated by financial gain, spreading Android banker malware that targets ordinary users," security researchers Boris Martynyuk, Pavel Naumov, and Anvar Anarkulov said . Targets of the ongoing campaign include countries such as Armenia, Azerbaijan, Iceland, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan, Ukraine, and Uzbekistan. There is evidence to suggest that some aspects of...

Two men have been indicted in the U.S. for their alleged involvement in managing a dark web marketplace called WWH Club that specializes in the sale of sensitive personal and financial information. Alex Khodyrev, a 35-year-old Kazakhstan national, and Pavel Kublitskii, a 37-year-old Russian national, have been charged with conspiracy to commit access device fraud and conspiracy to commit wire fraud. Khodyrev and Kublitskii, between 2014 and 2024, acted as the main administrators of WWH Club (wwh-club[.]ws) and various other sister sites – wwh-club[.]net, center-club[.]pw, opencard[.]pw, skynetzone[.]org – that functioned as dark web marketplaces, forums, and training centers to enable cybercrime. The indictment follows an investigation launched by the U.S. Federal Bureau of Investigation (FBI) in July 2020 after determining that WWH Club's primary domain (www-club[.]ws]) resolved to an IP address belonging to DigitalOcean, allowing them to issue a federal search warrant to t...