Top Stories
Countries around the world join forces to take down a group responsible for denial of service attacks in which computers are directed to flood a target organization with phone or internet traffic to crash their systems and request funds to stop attack; servers seized, warning letters issued, and 4 arrested
New Jersey: Long time fugitive man from Germany gets 70 months prison for mass-mailings supposedly coming from psychics; scheme took in $14 million
WSJ: How Cambodia became Scambodia
- Scam compounds estimated to be 40% of GDP
- Estimates that they bring in $19 billion per year
India busts 52 bank workers across the country for assisting in cyber fraud; many of them set up fraudulent or mule accounts
SIM farms in the US, Europe, and elsewhere are rented out to send scam text messages
Scam messages claiming to offer safe passage through the Straits of Hormuz collect bitcoin from ships
Full report here
