Trend Micro: This Week in Security News – March 25, 2022

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A Survey of Cryptocurrency Scams and Schemes

The use of cryptocurrency has grown significantly since its introduction in 2009. As blockchain technology has allowed the use of cryptocurrency to grow, the interest and assets generated from its use also continue to grow. . However, the virtual environment that allows it to thrive has also become fertile ground for cybercriminals to exploit, so much so that there has been a steady stream of reports of cryptocurrency and token related scams. fungible (NFT).

Lapsus$: Oxford teenager accused of being a multi-millionaire cybercriminal

A 16-year-old from Oxford has been accused of being one of the leaders of the Lapsus$ cybercrime gang. The teenager, who is believed to have amassed a fortune of $14m (£10.6m) from hacking, has been named by rival hackers and researchers. City of London Police say they have arrested seven teenagers in connection with the gang, but will not say if there is one.

Ransomware Spotlight: Hive

Hive ransomware is one of the new ransomware families in 2021 that poses significant challenges to businesses around the world. Trend Micro takes an in-depth look at the operations of the ransomware group and explains how organizations can strengthen their defenses against it.

Okta Says Hundreds of Businesses Impacted by Security Breach

Okta says 366 enterprise customers, or about 2.5% of its customer base, were affected by a security breach that allowed hackers to access the company’s internal network. The authentication giant admitted to the compromise after hacking and extortion group Lapsus$ posted screenshots of Okta’s apps and systems, about two months after hackers gained access for the first time to his network.

Top 4 Most Common Crypto Scams and How to Stay Safe

2021 has been an extremely profitable year for crypto investors. Unfortunately, however, it was also a very profitable year for crypto scammers, with a record $14 billion. Trend Micro shares on how to avoid becoming another victim of crypto scammers.

FBI: Victims of Cybercrime Suffered Losses of Over $6.9 Billion in 2021

The FBI’s Internet Crime Complaint Center (IC3) reported a record year for 2021 in the number of complaints it received, of which business email compromise (BEC) attacks made up the majority of incidents. IC3 handled 847,376 complaint reports last year, which mainly concerned phishing attacks, non-payment/non-delivery scams and personal data breaches. Overall losses amounted to more than $6.9 billion.

Top 3 IRS Tax Scams and Tips to Stay Safe 2022

As tax season approaches, scammers impersonate the Internal Revenue Service (IRS) to steal money and personal information. Trend Micro shares the top 3 scams to avoid and tips for staying safe.

Mustang Panda Hacking Group is taking advantage of the Ukrainian crisis in new attacks

Researchers have exposed a Mustang Panda campaign that takes advantage of the Russian-Ukrainian conflict to spread new malware. ESET researchers have said that Mustang Panda, a Chinese cyber espionage group also tracked as TA416, RedDelta and Bronze President, released a new variant of the Korplug/PlugX remote access Trojan (RAT).

FBI says hackers scanned networks of 5 US energy companies ahead of Biden cyberattack warning in Russia

Hackers associated with Russian internet addresses scanned the networks of five US energy companies as a possible prelude to hacking attempts, the FBI said in a notice to US companies. The FBI issued the notice days before President Joe Biden publicly warned that Kremlin-linked hackers could target US organizations as Russia’s military continues to suffer heavy casualties in Ukraine and Western sanctions against the Kremlin are starting to bite.

What did you think of the recent Okta and Microsoft breach? Tweet me on Twitter to continue the conversation: @JonLClay.

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