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Four U.S. nationals have been charged for participating in an illicit scheme that earned them more than $80 million via cryptocurrency investment scams. The defendants – Lu Zhang, 36, of Alhambra, California; Justin Walker, 31, of Cypress, California; Joseph Wong, 32, Rosemead, California; and Hailong Zhu, 40, Naperville, Illinois – have been charged with conspiracy to commit money laundering, concealment money laundering, and international money laundering. The U.S. Department of Justice (DoJ), which announced the arrests of both Zhang and Walker in connection with the fraudulent operation, said the quartet opened shell companies and bank accounts to carry out  pig butchering scams , transferring the ill-gotten funds to domestic and international financial entities. If convicted, Zhang and Walker face a maximum penalty of 20 years in prison. Their alleged co-conspirators remain at large. "The overall fraud scheme in the related pig-butchering syndicate involved at least 284...

Low-code/no-code (LCNC) and robotic process automation (RPA) have gained immense popularity, but how secure are they? Is your security team paying enough attention in an era of rapid digital transformation, where business users are empowered to create applications swiftly using platforms like Microsoft PowerApps, UiPath, ServiceNow, Mendix, and OutSystems? The simple truth is often swept under the rug. While low-code/no-code (LCNC) apps and robotic process automations (RPA) drive efficiency and agility, their dark security side demands scrutiny. LCNC application security emerges as a relatively new frontier, and even seasoned security practitioners and security teams grapple with the dynamic nature and sheer volume of citizen-developed applications. The accelerated pace of LCNC development poses a unique challenge for security professionals, underscoring the need for dedicated efforts and solutions to effectively address the security nuances of low-code development environments. Dig...

A new wave of phishing messages distributing the  QakBot  malware has been observed, more than three months after a law enforcement effort saw its infrastructure dismantled by infiltrating its command-and-control (C2) network. Microsoft, which made the discovery, described it as a low-volume campaign that began on December 11, 2023, and targeted the hospitality industry. "Targets received a PDF from a user masquerading as an IRS employee," the tech giant  said  in a series of posts shared on X (formerly Twitter). "The PDF contained a URL that downloads a digitally signed Windows Installer (.msi). Executing the MSI led to Qakbot being invoked using export 'hvsi' execution of an embedded DLL." Microsoft said that the payload was generated the same day the campaign started and that it's configured with the previously unseen version 0x500. Zscaler ThreatLabz, in a post shared on X, described the resurfaced QakBot as a 64-bit binary that utilizes AES ...

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) is  urging  manufacturers to get rid of default passwords on internet-exposed systems altogether, citing severe risks that could be exploited by malicious actors to gain initial access to, and move laterally within, organizations. In an alert published last week, the agency called out Iranian threat actors affiliated with the Islamic Revolutionary Guard Corps (IRGC) for exploiting operational technology devices with default passwords to gain access to critical infrastructure systems in the U.S. Default passwords  refer to factory default software configurations for embedded systems, devices, and appliances that are typically publicly documented and identical among all systems within a vendor's product line. As a result, threat actors could scan for internet-exposed endpoints using tools like Shodan and attempt to breach them through default passwords, often gaining root or administrative privileges to...

MongoDB on Saturday disclosed it's actively investigating a security incident that has led to unauthorized access to "certain" corporate systems, resulting in the exposure of customer account metadata and contact information. The American database software company  said  it first detected anomalous activity on December 13, 2023, and that it immediately activated its incident response efforts. It further noted that "this unauthorized access has been going on for some period of time before discovery," but emphasized it's not "aware of any exposure to the data that customers store in MongoDB Atlas." It did not disclose the exact time period of the compromise. In light of the breach, MongoDB recommends that all customers be on the lookout for social engineering and phishing attacks, enforce phishing-resistant multi-factor authentication (MFA), as well as rotate their MongoDB Atlas passwords. That's not all. The company said it's also expe...

China's Ministry of Industry and Information Technology (MIIT) on Friday  unveiled draft proposals  detailing its plans to tackle data security events in the country using a color-coded system. The effort is designed to "improve the comprehensive response capacity for data security incidents, to ensure timely and effective control, mitigation and elimination of hazards and losses caused by data security incidents, to protect the lawful rights and interests of individuals and organizations, and to safeguard national security and public interests," the department said. The 25-page document encompasses all incidents in which data has been illegally accessed, leaked, destroyed, or tampered with, categorizing them into four hierarchical tiers based on the scope and the degree of harm caused -  Red:  Level I ("especially significant"), which applies to widespread shutdowns, substantial loss of business processing capability, interruptions arising due to serious a...

Microsoft is warning of an uptick in malicious activity from an emerging threat cluster it's tracking as  Storm-0539  for orchestrating gift card fraud and theft via highly sophisticated email and SMS phishing attacks against retail entities during the holiday shopping season. The goal of the attacks is to propagate booby-trapped links that direct victims to adversary-in-the-middle (AiTM) phishing pages that are capable of harvesting their credentials and session tokens. "After gaining access to an initial session and token, Storm-0539 registers their own device for subsequent secondary authentication prompts, bypassing MFA protections and persisting in the environment using the fully compromised identity," the tech giant  said  in a series of posts on X (formerly Twitter). The foothold obtained in this manner further acts as a conduit for escalating privileges, moving laterally across the network, and accessing cloud resources in order to grab sensitive informa...