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Europol on Monday announced the takedown of a cryptocurrency investment fraud ring that laundered €460 million ($540 million) from more than 5,000 victims across the world. The international effort, codenamed Operation Borrelli, was carried out by the Spanish Guardia Civil, along with support from law enforcement authorities from Estonia, France, and the United States. Europol said the investigation into the syndicate started in 2023. In addition, the five alleged suspects behind the cryptocurrency scam were arrested on June 25, 2025. Three of the arrests took place in the Canary Islands, while two others were apprehended from Madrid. "To carry out their fraudulent activities, the leaders of the criminal network allegedly used a net of associates spread around the world to raise funds through cash withdrawals, bank transfers, and crypto-transfers," Europol said . These types of scams often follow a pattern known as cryptocurrency confidence or romance baiting (formerly ...

The threat actor known as Blind Eagle has been attributed with high confidence to the use of the Russian bulletproof hosting service Proton66 . Trustwave SpiderLabs, in a report published last week, said it was able to make this connection by pivoting from Proton66-linked digital assets, leading to the discovery of an active threat cluster that leverages Visual Basic Script (VBS) files as its initial attack vector and installs off-the-shelf remote access trojans (RATS). Many threat actors rely on bulletpro While Visual Basic Script (VBS) might seem outdated, it's still a of hosting providers like Proton66 because these services intentionally ignore abuse reports and legal takedown requests. This makes it easier for attackers to run phishing sites, command-and-control servers, and malware delivery systems without interruption. The cybersecurity company said it identified a set of domains with a similar naming pattern (e.g., gfast.duckdns[.]org, njfast.duckdns[.]org) beginning i...

Identity-based attacks are on the rise. Attacks in which malicious actors assume the identity of an entity to easily gain access to resources and sensitive data have been increasing in number and frequency over the last few years. Some recent reports estimate that 83% of attacks involve compromised secrets . According to reports such as the Verizon DBIR , attackers are more commonly using stolen credentials to gain their initial foothold, rather than exploiting a vulnerability or misconfiguration. Attackers are not just after human identities that they can assume, though. More commonly, they are after Non-Human Identities (NHIs), which outnumber human identities in the enterprise by at least 50 to one . Unlike humans, machines have no good way to achieve multi-factor authentication, and we, for the most part, have been relying on credentials alone, in the form of API keys, bearer tokens, and JWTs.  Traditionally, identity and access management (IAM) has been built on the idea of...

Ever wonder what happens when attackers don’t break the rules—they just follow them better than we do? When systems work exactly as they’re built to, but that “by design” behavior quietly opens the door to risk? This week brings stories that make you stop and rethink what’s truly under control. It’s not always about a broken firewall or missed patch—it’s about the small choices, default settings, and shortcuts that feel harmless until they’re not. The real surprise? Sometimes the threat doesn’t come from outside—it’s baked right into how things are set up. Dive in to see what’s quietly shaping today’s security challenges. ⚡ Threat of the Week FBI Warns of Scattered Spider's on Airlines — The U.S. Federal Bureau of Investigation (FBI) has warned of a new set of attacks mounted by the notorious cybercrime group Scattered Spider targeting the airline sector using sophisticated social engineering techniques to obtain initial access. Cybersecurity vendors Palo Alto Networks Unit 4...

The U.S. Federal Bureau of Investigation (FBI) has revealed that it has observed the notorious cybercrime group Scattered Spider broadening its targeting footprint to strike the airline sector. To that end, the agency said it's actively working with aviation and industry partners to combat the activity and help victims. "These actors rely on social engineering techniques, often impersonating employees or contractors to deceive IT help desks into granting access," the FBI said in a post on X. "These techniques frequently involve methods to bypass multi-factor authentication (MFA), such as convincing help desk services to add unauthorized MFA devices to compromised accounts." Scattered Spider attacks are also known to target third-party IT providers to obtain access to large organizations, putting trusted vendors and contractors at risk of potential attacks. The attacks typically pave the way for data theft, extortion, and ransomware. In a statement shared ...