Topic: law enforcement challenges
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Europe's Phone Networks Flooded by Fake Calls
Caller ID spoofing is a primary tool used by cybercriminals in Europe, leading to an estimated €850 million in annual losses and overwhelming phone networks with fraudulent calls. Criminals exploit legal and jurisdictional differences, using spoofing to impersonate trusted entities and facilitate...
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Unit 221B Secures $5M to Combat Elite Hacking Groups
Unit 221B, a cybersecurity firm, has secured $5 million in seed funding led by J2 Ventures to combat a new generation of young, highly skilled cybercriminals. These hackers, including groups like Scattered Spider and The Com, have successfully breached major corporations and government systems, c...
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How Cybercriminals Gain Young People's Trust
Criminal groups systematically recruit minors online through social platforms like TikTok and Discord, exploiting their need for belonging and viewing them as low-risk, disposable assets for cybercrime. Young recruits are often unaware of the legal consequences, starting with seemingly minor task...
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Chinese Crypto Scammers Fuel Record Darknet Markets on Telegram
Chinese-language crypto scam markets on Telegram have become the largest illicit online marketplaces in history, surpassing even major dark web platforms, with leading channels facilitating nearly $2 billion in monthly transactions. Their explosive growth is fueled by providing money laundering a...
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Nation-State Hackers Use "Bulletproof" Blockchains to Spread Malware
State-sponsored hackers, including a North Korean group, are now hiding malware within public cryptocurrency blockchains, creating a resilient and nearly untouchable hosting platform. This technique, called "EtherHiding," embeds malicious code in smart contracts on blockchains like Ethereum, leve...
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Stolen Data Fuels a Booming Cybercrime Black Market
The underground cybercrime economy is booming, with stolen personal data treated as a high-value commodity, traded in sophisticated operations involving banking details, medical records, and more. Cybercriminals use AI-enhanced tactics like phishing, deepfakes, and multilingual chatbots to exploi...
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