The FBI’s Internet Crime Complaint Center (IC3) released its 2023 annual report, showing a nearly 10% increase in cybercrime complaints compared to the previous year. With over 880,000 complaints filed in the United States, losses totaled over $12.5 billion, a 22% increase from 2022, and reaching $37.4 billion over five years. Phishing remains the top...Read More

Naira Marley   The criminal trial of Nigerian singer Naira Marley hit a roadblock at the Federal High Court in Lagos on Wednesday, as proceedings were adjourned due to a pending application for fiat before the Chief Judge of the court. The trial judge, Isaac Dipeolu, was informed by the prosecutor, Bilikisu Buhari, that an...Read More

Evasive Panda dubbed BRONZE HIGHLAND and Daggerfly, a Chinese-speaking APT group operating since at least 2012, has been spotted conducting cyberespionage targeting individuals in mainland China, Hong Kong, Macao, and Nigeria.  Southeast and East Asian governments, notably those in China, Macao, Myanmar, the Philippines, Taiwan, and Vietnam, were the targets of attacks. The targets included other...Read More

 Henry Onyedikachi Echefu, a 32-year-old Nigerian national, has admitted to his role in a sophisticated business email compromise (BEC) scheme and money laundering activities. This case highlights the global nature of cybercrime and the importance of international cooperation in bringing perpetrators to justice. Henry Onyedikachi Echefu, originally from Nigeria and residing in South Africa during...Read More

The recent surge in cyberattacks targeting financial institutions marks a significant escalation in the threat landscape, a development that has intensified scrutiny on cybersecurity measures, and also raised pertinent questions about regulatory responses. February’s attack on Bank of America, facilitated through a third-party service, underscores the intricate web of vulnerabilities that financial organizations navigate in...Read More

LONDON (AP) — Prince Harry scored a tactical victory in his battles with British tabloids Friday when government ministers said he could use confidential documents that show payments by the publisher of the Daily Mail to private investigators who allegedly snooped on him and several celebrities. The Duke of Sussex, Elton John, Elizabeth Hurley and...Read More

Cybercrime, particularly the crypto ransomware vector, has undergone significant shifts, marking a watershed moment in digital asset security. According to the latest comprehensive analysis by Chainalysis, a leader in blockchain analytics, ransomware payments have astonishingly exceeded the $1 billion threshold, underlining a significant escalation in the prevalence of these cyberattacks. Crypto Ransomware: A Growing Trend...Read More

BEIJING (AP) — The hotel was spacious. It was upscale. It had a karaoke bar. The perfect venue, the CEO of the Chinese hacking company thought, to hold a Lunar New Year banquet currying favor with government officials. There was just one drawback, his top deputy said. “Who goes there?” the deputy wrote. “The girls...Read More

Cybercrime, particularly the crypto ransomware vector, has undergone significant shifts, marking a watershed moment in digital asset security. According to the latest comprehensive analysis by Chainalysis, a leader in blockchain analytics, ransomware payments have astonishingly exceeded the $1 billion threshold, underlining a significant escalation in the prevalence of these cyberattacks. Crypto Ransomware: A Growing Trend...Read More

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