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IndependentKrebs

Diligere, Equity-Invest Are New Firms of U.K. Con Man

Credit to Author: BrianKrebs| Date: Mon, 14 Aug 2023 20:13:22 +0000

John Clifton Davies, a convicted fraudster estimated to have bilked dozens of technology startups out of more than $30 million through phony investment schemes, has a brand new pair of scam companies that are busy dashing startup dreams: A fake investment firm called Equity-Invest[.]ch, and Diligere[.]co.uk, a scam due diligence company that Equity-Invest insists all investment partners use. A native of the United Kingdom, Mr. Davies absconded from justice before being convicted on multiple counts of fraud in 2015. Prior to his conviction, Davies served 16 months in jail before being cleared on suspicion of murdering his third wife on their honeymoon in India.

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IndependentKrebs

Meet the Brains Behind the Malware-Friendly AI Chat Service ‘WormGPT’

Credit to Author: BrianKrebs| Date: Tue, 08 Aug 2023 17:37:23 +0000

WormGPT, a private new chatbot service advertised as a way to use Artificial Intelligence (AI) to help write malicious software without all the pesky prohibitions on such activity enforced by ChatGPT and Google Bard, has started adding restrictions on how the service can be used. Faced with customers trying to use WormGPT to create ransomware and phishing scams, the 23-year-old Portuguese programmer who created the project now says his service is slowly morphing into “a more controlled environment.” The large language models (LLMs) made by ChatGPT parent OpenAI or Google or Microsoft all have various safety measures designed to prevent people from abusing them for nefarious purposes — such as creating malware or hate speech. In contrast, WormGPT has promoted itself as a new LLM that was created specifically for cybercrime activities.

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IndependentKrebs

Teach a Man to Phish and He’s Set for Life

Credit to Author: BrianKrebs| Date: Fri, 04 Aug 2023 13:49:15 +0000

One frustrating aspect of email phishing is the frequency with which scammers fall back on tried-and-true methods that really have no business working these days. Like attaching a phishing email to a traditional, clean email message, or leveraging link redirects on LinkedIn, or abusing an encoding method that makes it easy to disguise booby-trapped Microsoft Windows files as relatively harmless documents.

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IndependentKrebs

Russia Sends Cybersecurity CEO to Jail for 14 Years

Credit to Author: BrianKrebs| Date: Wed, 26 Jul 2023 17:29:40 +0000

The Russian government today handed down a treason conviction and 14-year prison sentence on Iyla Sachkov, the former founder and CEO of one of Russia’s largest cybersecurity firms. Sachkov, 37, has been detained for nearly two years under charges that the Kremlin has kept classified and hidden from public view, and he joins a growing roster of former Russian cybercrime fighters who are now serving hard time for farcical treason convictions.

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IndependentKrebs

Who and What is Behind the Malware Proxy Service SocksEscort?

Credit to Author: BrianKrebs| Date: Tue, 25 Jul 2023 21:20:55 +0000

Researchers this month uncovered a two-year-old Linux-based remote access trojan dubbed AVrecon that enslaves Internet routers into botnet that bilks online advertisers and performs password-spraying attacks. Now new findings reveal that AVrecon is the malware engine behind a 12-year-old service called SocksEscort, which rents hacked residential and small business devices to cybercriminals looking to hide their true location online.

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IndependentKrebs

Few Fortune 100 Firms List Security Pros in Their Executive Ranks

Credit to Author: BrianKrebs| Date: Fri, 21 Jul 2023 19:11:16 +0000

Many things have changed since 2018, such as the names of the companies in the Fortune 100 list. But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks. The next time you receive a breach notification letter that invariably says a company you trusted places a top priority on customer security and privacy, consider this: Only four of the Fortune 100 companies currently list a security professional in the executive leadership pages of their websites. This is actually down from five of the Fortune 100 in 2018, the last time KrebsOnSecurity performed this analysis.

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