Extortion | Breaking Cybersecurity News | The Hacker News

A 57-year-old man from the U.S. state of Missouri has been arrested in connection with a failed data extortion campaign that targeted his former employer. Daniel Rhyne of Kansas City, Missouri, has been charged with one count of extortion in relation to a threat to cause damage to a protected computer, one count of intentional damage to a protected computer, and one count of wire fraud. He was arrested in the state on August 27, 2024, following an attempt to extort an unnamed industrial company that's headquartered in Somerset County, New Jersey, where he was employed as a core infrastructure engineer. Per court documents, some employees of the company are said to have received an extortion email that warned all of its IT administrators had been locked out or removed from the network, data backups had been deleted, and an additional 40 servers would be shut down each day over the next 10 days if a ransom of 20 bitcoin, then valued at $750,000, wasn't paid. "The inves

Crypto exchange Kraken revealed that an unnamed security researcher exploited an "extremely critical" zero-day flaw in its platform to steal $3 million in digital assets and refused to return them. Details of the incident were shared by Kraken's Chief Security Officer, Nick Percoco, on X (formerly Twitter), stating it received a Bug Bounty program alert from the researcher about a bug that "allowed them to artificially inflate their balance on our platform" without sharing any other details Within minutes of receiving the alert, the company said it identified a security issue that essentially permitted an attacker to "initiate a deposit onto our platform and receive funds in their account without fully completing the deposit." While Kraken emphasized that no client assets were at risk due to the issue, it could have enabled a threat actor to print assets in their accounts. The problem was addressed within 47 minutes, it said. It also said the fl

For years, securing a company's systems was synonymous with securing its "perimeter." There was what was safe "inside" and the unsafe outside world. We built sturdy firewalls and deployed sophisticated detection systems, confident that keeping the barbarians outside the walls kept our data and systems safe. The problem is that we no longer operate within the confines of physical on-prem installations and controlled networks. Data and applications now reside in distributed cloud environments and data centers, accessed by users and devices connecting from anywhere on the planet. The walls have crumbled, and the perimeter has dissolved, opening the door to a new battlefield: identity . Identity is at the center of what the industry has praised as the new gold standard of enterprise security: "zero trust." In this paradigm, explicit trust becomes mandatory for any interactions between systems, and no implicit trust shall subsist. Every access request, regardless of its origin,

Cybersecurity researchers have discovered 18  malicious loan apps  for Android on the Google Play Store that have been collectively downloaded over 12 million times. "Despite their attractive appearance, these services are in fact designed to defraud users by offering them high-interest-rate loans endorsed with deceitful descriptions, all while collecting their victims' personal and financial information to blackmail them, and in the end gain their funds," ESET  said . The Slovak cybersecurity company is tracking these apps under the name  SpyLoan , noting they are designed to target potential borrowers located in Southeast Asia, Africa, and Latin America. The list of apps, which have now been taken down by Google, is below - AA Kredit: इंस्टेंट लोन ऐप (com.aa.kredit.android) Amor Cash: Préstamos Sin Buró (com.amorcash.credito.prestamo) Oro Préstamo - Efectivo rápido (com.app.lo.go) Cashwow (com.cashwow.cow.eg) CrediBus Préstamos de crédito (com.dinero.profin.pr