Attacks/Breaches

3/2/2017
10:40 AM
50%
50%

DoJ Indicts 19 People in Global Fraud, Money-Laundering Schemes

Federal indictments charged 19 people for participating in international fraud and money laundering operations including the use of BEC schemes, which led to $13M in losses.

Nineteen people were charged today for participating in international fraud and money-laundering schemes, which led to the loss of $13M from more than 170 victims primarily based in the US.

Of the 19 defendants, 16 were arrested last night and today as part of an FBI operation. One was arrested beforehand, and two remain at large. These arrests, conducted by more than 50 law enforcement agencies, are the result of a multi-year effort by federal and international law enforcement to find fraud and money-laundering operations conducted by an organized crime network.

Today brought a total of four indictments for the following schemes: online vehicle fraud, business email compromise (BEC), unlicensed money transmitting network, and international money laundering conspiracy.

"These indictments and today's arrests followed an international investigation into an interconnected web of money launderers, fraudsters and individuals that aided and abetted their criminal activities," said US Attorney Channing Phillips. "The defendants in the cases being unsealed today are accused of taking part in schemes in the United States and abroad, costing victims millions of dollars."

Read more details here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
High Stress Levels Impacting CISOs Physically, Mentally
Jai Vijayan, Freelance writer,  2/14/2019
Valentine's Emails Laced with Gandcrab Ransomware
Kelly Sheridan, Staff Editor, Dark Reading,  2/14/2019
New Free Tool Scans for Chrome Extension Safety
Dark Reading Staff 2/21/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
How Enterprises Are Attacking the Cybersecurity Problem
How Enterprises Are Attacking the Cybersecurity Problem
Data breach fears and the need to comply with regulations such as GDPR are two major drivers increased spending on security products and technologies. But other factors are contributing to the trend as well. Find out more about how enterprises are attacking the cybersecurity problem by reading our report today.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-1944
PUBLISHED: 2019-02-21
IBM Security Identity Governance and Intelligence 5.2 through 5.2.4.1 Virtual Appliance contains hard-coded credentials, such as a password or cryptographic key, which it uses for its own inbound authentication, outbound communication to external components, or encryption of internal data. IBM X-For...
CVE-2018-1945
PUBLISHED: 2019-02-21
IBM Security Identity Governance and Intelligence 5.2 through 5.2.4.1 Virtual Appliance could allow a remote attacker to hijack the clicking action of the victim. By persuading a victim to visit a malicious Web site, a remote attacker could exploit this vulnerability to hijack the victim's click act...
CVE-2018-1946
PUBLISHED: 2019-02-21
IBM Security Identity Governance and Intelligence 5.2 through 5.2.4.1 Virtual Appliance supports interaction between multiple actors and allows those actors to negotiate which algorithm should be used as a protection mechanism such as encryption or authentication, but it does not select the stronges...
CVE-2018-1947
PUBLISHED: 2019-02-21
IBM Security Identity Governance and Intelligence 5.2 through 5.2.4.1 Virtual Appliance is vulnerable to cross-site scripting. This vulnerability allows users to embed arbitrary JavaScript code in the Web UI thus altering the intended functionality potentially leading to credentials disclosure withi...
CVE-2018-1948
PUBLISHED: 2019-02-21
IBM Security Identity Governance and Intelligence 5.2 through 5.2.4.1 Virtual Appliance does not set the secure attribute on authorization tokens or session cookies. Attackers may be able to get the cookie values by sending a http:// link to a user or by planting this link in a site the user goes to...