Fraudsters are flooding Discord and other social media platforms with ads for hundreds of polished online gaming and wagering websites that lure people with free credits and eventually abscond with any cryptocurrency funds deposited by players. Here’s a closer look at the social engineering tactics and remarkable traits …
In May 2025, the U.S. government sanctioned a Chinese national for operating a cloud provider linked to the majority of virtual currency investment scam websites reported to the FBI. But a new report finds the accused continues to operate a slew of established accounts at American tech companies …
Image: Shutterstock, ArtHead. The U.S. government today imposed economic sanctions on Funnull Technology Inc., a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams known as “ pig butchering.” In January 2025, KrebsOnSecurity detailed how Funnull was being used as …
China-based purveyors of SMS phishing kits are enjoying remarkable success converting phished payment card data into mobile wallets from Apple and Google. Until recently, the so-called “ Smishing Triad ” mainly impersonated toll road operators and shipping companies. But experts say these groups are now directly targeting customers of international financial …
Many successful phishing attacks result in a financial loss or malware infection. But falling for some phishing scams, like those currently targeting Russians searching online for organizations that are fighting the Kremlin war machine, can cost you your freedom or your life. The real website of the Ukrainian paramilitary …
One of the most notorious providers of abuse-friendly “bulletproof” web hosting for cybercriminals has started routing its operations through networks run by the Russian antivirus and security firm Kaspersky Lab, KrebsOnSecurity has learned. Security experts say the Russia-based service provider Prospero OOO (the triple O is the Russian version …
Image: Shutterstock, ArtHead. In an effort to blend in and make their malicious traffic tougher to block, hosting firms catering to cybercriminals in China and Russia increasingly are funneling their operations through major U.S. cloud providers. Research published this week on one such outfit — a sprawling network tied …