Crime and a little punishment
This year has seen a marked improvement in international efforts to combat cyber crime. This week, Interpol said a coordinated investigation led to the arrests of 1,003 people linked to a range of crimes including romance scams, investment frauds, illegal gambling and money laundering. It also resulted in the interception of nearly £27 million and the suspension of 2,350 bank accounts. And Europol announced the arrests of 1,803 'money mules' who help to launder the proceeds of online crime.
On a less positive note, a Russian court imposed a one-year suspended sentence on a member of the notorious FIN7 hacking group. The Record identified the man as Maxim Zhukov Sergeevich who had worked for a company described by the US Department of Justice as a front for FIN7. Zhukov is the first member of a major cybercrime group to be detained and tried in Russia since 2016. His sentence is hardly likely to discourage others.
Although the tools used for cybercrime may be sophisticated, the people who use them don't need to be. That's because it's relatively easy for anyone to set themselves up as a cyber criminal by renting the necessary kit. These tool sets include email templates, scripts and a stylish management interface with which to manage attacks. They're designed to steal credentials and financial details, and in some cases they can defeat multi-factor authentication.
And finally, Symantec is warning about a new ransomware variant which it says is gaining traction among criminal organisations. 'Yanluowang' includes several tools designed to steal passwords stored in browsers, and Symantec says it has been used to target a wide range of sectors including IT services, consultancy and finance. Many of the ransomware strains are designed to be used in two-pronged attacks which not only encrypt data but also threaten to publish it online if the victim refuses to pay up.