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Tag: Cybercrime

British man nabbed for 'sophisticated' hacking, insider trading
News

British man nabbed for ‘sophisticated’ hacking, insider trading

A British man, Robert Westbrook, 39, of London, has been arrested and charged by U.S. authorities for allegedly hacking into the computers of five companies to obtain sensitive earnings information. He reportedly made $3.75 million in illegal profits by trading on this insider information before the results were publicly released. The U.S. Department of Justice […]

BLord Group denies arrest of CEO by police
News

BLord Group denies arrest of CEO by police

BLord Group has refuted reports of its CEO, Linus Williams Ifejika’s arrest by Nigerian police on charges of cybercrime and terrorism. In a statement released by the group, they clarified that their CEO was invited to assist in an ongoing investigation by the FCID N.P.F-NCCC/CyberCrime Centre, rather than being arrested. “Contrary to the unfounded claims […]

Business email hack rises by 1,760% in 2023 – Report
Tech

Business email hack rises by 1,760% in 2023 – Report

The cybersecurity platform, Perception Point, has disclosed a staggering 1,760% surge in Business Email Compromise attacks in 2023, propelled by the advancements in generative AI. “This past year has been defined by unprecedented advancements in technology, particularly the widespread usability of generative AI (GenAI),” the report added. Cybercriminals, leveraging generative AI, are now adept at […]

Police bust hacking gang Lockbit, leak identities online
Tech

Police bust hacking gang Lockbit, leak identities online

The website of one of the world’s major criminal hacking groups, Lockbit was on Monday taken control of by law enforcement agents and being threatened with the exposure of personal details and data about their cybercrime organization. Lockbit, infamous for utilizing ransomware to digitally extort victims, had its main website taken over by international law […]

Ex-CIA hacker jailed 40 years over data leak to WikiLeaks
Tech

Ex-CIA hacker jailed 40 years over data leak to WikiLeaks

Former CIA operative Joshua Schulte has been handed a 40-year prison sentence for leaking classified hacking tools to the whistleblower site WikiLeaks. In addition to this, Schulte was found guilty of possessing child abuse images. The charges stem from Schulte’s alleged leak of the “Vault 7” technologies, which the CIA employs for phone hacking and […]

Free WiFi exposes passwords of bank accounts, digital expert warns
News

Free WiFi exposes passwords of bank accounts, digital expert warns

    An information security specialist, David Dada, claims that people who use their mobile devices to access the internet via free WiFi are putting their passwords and other sensitive financial information at risk. He stated this during a live interview on Channels Television’s Sunrise Daily, on Monday. “When you are using unsecured WiFi, a […]