AUSTRALIA - A South Australian woman narrowly avoided a complete financial disaster after falling victim to a sophisticated business email compromise (BEC) scam that led to the loss of over $800,000. Authorities have since managed to recover a significant portion of the stolen funds, shedding light on the growing threat of cyber fraud in real estate transactions. The victim, who had been in the process of purchasing a property, received what appeared to be a legitimate … [Read more...]
World’s Biggest Ransomware Group Shut Down, Domains Seized in Global Operation
WASHINGTON, D.C. - The operations of infamous ransomware group LockBit have been shut down, their domains seized, and several high-ranking members placed under arrest as the result of a recent digital takedown carried out by an international law enforcement operation. Operation Cronos, the code name of a joint effort made up by agencies representing 11 countries – Australia, Canada, Finland, France, Germany, Japan, the Netherlands, Sweden, Switzerland, the United … [Read more...]