A devastating ransomware attack has forced Knights of Old, a 160-year-old haulage firm based in Kettering, Northamptonshire, into administration, resulting in 730 job losses and prompting a stark warning from its director to other businesses. Paul Abbott, who served on the board at Knights of Old, revealed that despite believing they had robust security measures...Read More
Anatomy of a Market Shock: How a SIM Swap Breached the SEC and Jolted Bitcoin In January 2024, a sophisticated attack on the U.S. Securities and Exchange Commission’s X (formerly Twitter) account sent shockwaves through both the cryptocurrency market and the regulatory community. The culprit, Eric Council Jr., a 26-year-old from Alabama, was sentenced Friday...Read More
Check out a study that outlines the risks and benefits of open-source AI tools. Meanwhile, the NCSC unpacks use cases for new, alternative encryption technologies. Plus, ISACA urges orgs to begin their post-quantum cryptography migration. And get the latest on assessing software products’ security; cyber attacks against critical infrastructure; and more! Dive into six things...Read More
The Interlock Ransomware group has emerged as a significant adversary targeting defense contractors and their intricate supply chain networks. First identified in September 2024, Interlock has rapidly shifted from opportunistic attacks across sectors like healthcare and technology to highly targeted assaults on the defense industrial base. A recent attack on National Defense Corporation (NDC) and...Read More
In a decisive move underscoring the evolving nature of cyber threats, the U.K.’s NHS England has issued an open letter to current and prospective suppliers across its digital ecosystem, calling for immediate and concerted action to enhance cybersecurity standards. The letter marks a critical juncture in the nation’s health system’s battle against increasingly sophisticated ransomware...Read More
Important global cybercrime news has been curated by FutureCrime Researchers to keep you informed about various types of digital fraud occurring worldwide and to provide insights into the best mitigation strategies. Read below to learn more in detail. 1. Army officer duped of ₹55 lakh in major cyber fraud case in Telangana An Army officer...Read More
Coinbase disclosed that the cybersecurity incident it reported Thursday (May 15) could cost it as much as $400 million. The company’s investigation into the incident is still underway, so the full impact of the cyberattack is not yet known, Coinbase said in a filing with the Securities and Exchange Commission (SEC). “Based on the information available to the Company on...Read More
India is witnessing an unprecedented surge in cybercrime. From phishing scams and OTP frauds to fake job offers and digital arrest rackets, online criminals are becoming increasingly sophisticated. In 2023 alone, Indian citizens reported over 15 lakh cases of cyber fraud, with actual numbers estimated to be even higher due to underreporting. Recognizing this alarming...Read More
As the cow is lowered into the velociraptor enclosure, Jurassic Park’s game warden, Robert Muldoon, explains that the “raptors” display “problem-solving intelligence.” He says they’re systematically testing the enclosure for weaknesses, throwing themselves at the electric fences to find a weak spot. “They remember,” he says, with a dreadful seriousness. The film Jurassic Park, released...Read More
Eric Council Jr, the man who hacked the SEC’s X account last January, was sentenced to 14 months in prison today. In addition to the prison time, Council must forfeit $50,000 and be subject to three years of supervised release. He was arrested in October 2024, and prosecutors offered him a deal shortly afterward. Council...Read More
