Cryptocurrency Fraud , Fraud Management & Cybercrime , Video
ISMG Editors: Why Are Crypto Phishing Attacks Surging?
Legal Moves: Crypto Theft Lawsuit; Hospital Sues LockBit Gang
In the latest weekly update, Information Security Media Group editors discussed why crypto-seeking drainer scam-as-a-service operations are thriving, a novel legal move that recovered a hospital's stolen data, and a ground-breaking case involving bitcoin that could streamline recovery for victims.
See Also: OnDemand | 2024 Phishing Insights: What 11.9 Million User Behaviors Reveal About Your Risk
The panelists - Anna Delaney, director, productions; Tony Morbin, executive news editor, EU; Marianne Kolbasuk McGee, executive editor, HealthcareInfoSecurity; and Mathew Schwartz, executive editor, DataBreachToday and Europe - discussed:
- How a surge in cryptocurrency-driven phishing attacks underscores criminals' persistent efforts to separate digital currency holders from their assets - and how recent compromises of high-profile social media accounts amplify the threat;
- Why a California man, a victim of a 2021 SIM-swapping attack that resulted in the theft of $100,000 in bitcoin, is suing the unknown holder of the cryptocurrency wallet containing his stolen funds;
- How Claxton-Hepburn Medical Center, part of North Star Health Alliance, recently filed a lawsuit against the LockBit ransomware gang and negotiated the return of its stolen data held by cloud services firm Wasabi Technologies.
The ISMG Editors' Panel runs weekly. Don't miss our previous installments, including the Jan. 5 edition on why ransomware victims are still paying and the Jan. 12 edition on whether we will ever get a handle on API security.
