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...]
Investigation Uncovers 40,000 Phishing Domains Linked To LabHost Scam Operation
UNITED KINGDOM - The LabHost phishing-as-a-service (PhaaS) platform, which had tens of thousands of phishing domains linked to it and thousands of users worldwide, has had its infrastructure completely disrupted and 37 suspects have been arrested – including the original developer – following a year-long global law enforcement operation. Originally launched in 2021, LabHost was a resource for cybercriminals that – for a monthly subscription fee – provided them … [Read more...]