cybercrime-as-a-service | Breaking Cybersecurity News | The Hacker News

40-year-old Russian national Vladimir Dunaev has been sentenced to five years and four months in prison for his role in creating and distributing the TrickBot malware, the U.S. Department of Justice (DoJ) said. The development comes nearly two months after  Dunaev pleaded guilty  to committing computer fraud and identity theft and conspiracy to commit wire fraud and bank fraud. "Hospitals, schools, and businesses were among the millions of TrickBot victims who suffered tens of millions of dollars in losses," DoJ  said . "While active, TrickBot malware, which acted as an initial intrusion vector into victim computer systems, was used to support various ransomware variants." Originating as a banking trojan in 2016, TrickBot evolved into a Swiss Army knife capable of delivering additional payloads, including ransomware. Following efforts to take down the botnet, it was absorbed into the Conti ransomware operation in 2022. The cybercrime crew's allegiance to ...

Microsoft on Wednesday said it obtained a court order to seize infrastructure set up by a group called Storm-1152 that peddled roughly 750 million fraudulent Microsoft accounts and tools through a network of bogus websites and social media pages to other criminal actors, netting the operators millions of dollars in illicit revenue. "Fraudulent online accounts act as the gateway to a host of cybercrime, including mass phishing, identity theft and fraud, and distributed denial-of-service (DDoS) attacks," Amy Hogan-Burney, the company's associate general counsel for cybersecurity policy and protection,  said . These cybercrime-as-a-service (CaaS) offerings, per Redmond, are designed to get around identity verification software across various technology platforms and help minimize the efforts needed to conduct malicious activities online, including phishing, spamming, ransomware, and fraud, effectively lowering the barriers to entry for attackers. Multiple threat actors,...

The Need For Unified Security Google Workspace is where teams collaborate, share ideas, and get work done. But while it makes work easier, it also creates new security challenges. Cybercriminals are constantly evolving, finding ways to exploit misconfigurations, steal sensitive data, and hijack user accounts. Many organizations try to secure their environment by piecing together different security tools, hoping that multiple layers of protection will keep them safe.  But in reality, this patchwork approach often creates blind spots, making it harder—not easier—to defend against threats. To truly secure Google Workspace, businesses need a unified security strategy that offers complete protection without unnecessary complexity. The problem with most security solutions is that they only solve part of the puzzle. Point solutions, like tools that block malware or phishing attacks, might work well for a specific type of threat but fail to recognize suspicious user behavior, unauthori...

Cybercrime has continued to evolve and today exists in a highly organised form. Cybercrime has increasingly been commercialised, and itself become big business by renting out an expanded range of hacking tools and technologies, from exploit kits to ransomware, to help anyone build threats and launch attacks. In past few years, we have witnessed the increase in the popularity of malware-as-a-service (MaaS), which is today a prosperous business on the underground black market that offers an array of services, including ransomware-as-a-service , DDoS-as-a-service , phishing-as-a-service, and much more. Two such services have recently been spotted by two separate group of researchers, which we have detailed in this article. Ovidiy Stealer — $7 Password-Stealing Malware For Everyone A new credential stealing malware that targets primarily web browsers is being marketed at Russian-speaking web forums for as cheap as $7, allowing anyone with even little technical knowledge ...