In May 2017, one of the biggest facilitators of cybercrime, Scan4You, went offline after the two main suspects, Ruslans Bondars and Jurijs Martisevs, were arrested in Latvia and extradited to the U.S. by the Federal Bureau of Investigation (FBI). In May 2018, the case against the Scan4You’s operators concluded in a Virginia federal courtroom.
Trend Micro started to look into Scan4You's operations in 2012, and have been in close contact with FBI investigators assigned to the case since 2014. Our research on Scan4You spanned more than five years, passing some of our findings to the FBI until the service went offline.
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Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.