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Cyber Updates

Oregon Man Charged in ‘Rapper Bot’ DDoS Service

A 22-year-old Oregon man has been arrested on suspicion of operating “Rapper Bot,” a massive botnet used to power a service for launching distributed denial-of-service (DDoS) attacks against targets — including a March 2025 DDoS that knocked Twitter/X offline. The Justice Department asserts the suspect and an unidentified co-conspirator rented out the botnet to online extortionists, and tried to stay off the radar of law enforcement by ensuring that their botnet was never pointed at KrebsOnSecurity. …

Frauds

Enough Is Never Enough

Fraudsters often operate with a remarkable lack of boundaries, both in terms of the scope of their actions and the individuals they target. One would think that obtaining $ 55 million under false pretenses and misleading the banks would be enough. But not for Rahul Shah, who pushed boundaries regardless of how it impacted the U.S. […]
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Frauds

Non-Student Aid

Reina Isom gave 50 people a class tutorial in the hard knocks school on how to use stolen identities to commit fraud. For nearly a decade, Isom devised and carried out an elaborate scheme to defraud the Department of Education out of nearly one million dollars in federal financial aid, using 50 stolen identities. To […]
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Frauds

Silent Fraud

“Silent but not silenced.” A phrase that distinguishes the difference between choosing to be quiet and being prevented from speaking. The difference between voluntary silence and imposed silence. One might choose to be silent for various reasons, like taking a break from a conversation or not wanting to engage at all. Or even committing fraud! Or maybe […]
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Cyber Updates

Mobile Phishers Target Brokerage Accounts in ‘Ramp and Dump’ Cashout Scheme

Cybercriminal groups peddling sophisticated phishing kits that convert stolen card data into mobile wallets have recently shifted their focus to targeting customers of brokerage services, new research shows. Undeterred by security controls at these trading platforms that block users from wiring funds directly out of accounts, the phishers have pivoted to using multiple compromised brokerage accounts in unison to manipulate the prices of foreign stocks. …

Frauds

Team Leader

There is no effective leader who does not have a team to support them. Just ask Miguel Martinez, who went about stealing millions from the U.S. taxpayer in a scheme that filed thousands of fraudulent individual federal income tax returns that claimed millions of dollars in refunds using stolen identities. And Victor Cruz, the other […]
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Frauds

Strategic Alliances

Raju Sharma was the guy that brought different business parties together. To band together people who have the same focus. And in this case, was the middleman who created contracts between durable equipment (DME) companies and telemarketing companies in a strategic alliance with the goal to steal almost $30 million from the U.S. taxpayers in […]
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Cyber Updates

Microsoft Patch Tuesday, August 2025 Edition

Microsoft today released updates to fix more than 100 security flaws in its Windows operating systems and other software. At least 13 of the bugs received Microsoft’s most-dire “critical” rating, meaning they could be abused by malware or malcontents to gain remote access to a Windows system with little or no help from users. …

Frauds

Banker’s Hours

The COVID-19 unemployment benefits provided from the federal programs, like the Federal Pandemic Unemployment Compensation (FPUC), were not directly cut onto Electronic Transfer Fund (EFT) cards. Instead, these federal benefits were distributed through state unemployment agencies, and some recipients may have received these funds via prepaid debit cards issued by banks like U.S. Bank and […]
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Frauds

No Less Than a Fraudster

Malaina Chapman was employed as a Disaster Relief Specialist for the Economic Injury Disaster loan with the Small Business Administration in Florida. The go-to person in declared disasters, Chapman was no less than a superhero for local businesses and non-profits looking to access low-interest loans and access working capital to overcome economic hardship. But when the […]
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