#cybercrime

#cybercrime

Cybercrime is a serious threat to the global economy, destroying livelihoods, sowing distrust, and undermining growth. One forecast has it costing more than $15 trillion annually by the end of the decade. If so, only the GDPs of the U.S. and China are bigger. There's cause for hope, though. As cyberthreats evolve, innovation is meeting the challenge. New solutions are leveraging AI, real-time threat intelligence, collaborative networks, and advanced authentication technologies.

Video games have come a long way since they gained widespread popularity in the 1970s and the numbers of people playing them have rocketed. Today, it is estimated that there are about 3 billion gamers worldwide, including more than 90% of gen Z, who spend on average more than 12 hours a week gaming. Modern gaming epics are packed with imagination and invention, drawing young people into noisy, colourful, and often seemingly infinite worlds that they can shape and develop themselves.

When I was a teenager, gaming completely took over my life. I'd play for 12 or more hours a day; it was all I thought about. Video games gave me a different way to socialise because I didn't enjoy school and didn't have much of a social life offline. The gaming world became my entire environment, my escape, my community.

The Convention took five years to develop and has three purposes: Promote and strengthen measures to prevent and combat cybercrime more efficiently and effectively; Promote, facilitate and strengthen international cooperation in preventing and combating cybercrime; and Promote, facilitate and support technical assistance and capacity-building to prevent and combat cybercrime, in particular for the benefit of developing countries. Those goals are hard to oppose.

An "armchair thief" hacked into a department store's customer accounts, took their loyalty points and used them to buy high-value goods for himself in a "sophisticated, devious" cyber attack.

The number of fraudulent payments reached €160m last year with so-called e-money fraud suffering the sharpest rise, a study by the Central Bank of Ireland shows. The biggest losses last year were credit transfers, or bank payments, followed by card payments, which made up a combined €113m. Neither saw significant increase, however, but fraudulent e-money payments rose from €3.3m in 2023 to €25.6m last year. E-money is the digital form of cash stored electronically, which can also be referred to as digital or electronic wallets.

In a blog post, Redmond said a cybercrime crew it tracks as Storm-2657 has been targeting university employees since March 2025, hijacking salaries by breaking into HR software such as Workday. The attack is as audacious as it is simple: compromise HR and email accounts, quietly change payroll settings, and redirect pay packets into attacker-controlled bank accounts. Microsoft has dubbed the operation "payroll pirate," a nod to the way crooks plunder staff wages without touching the employer's systems directly.

Scattered Lapsus$ Hunters has launched an unusual crowdsourced extortion scheme, offering $10 in Bitcoin to anyone willing to help pressure their alleged victims into paying ransoms.. The cybercrime collective is encouraging followers to email senior executives at organizations it claims to have breached, urging them to pay up and avoid publicity about the group's new data leak site. Those who contact executives through personal email accounts will receive higher rewards,

A man in his 40s was arrested in southern England over an alleged cyberattack that disrupted several European airports in recent days, including at London Heathrow, law enforcement officials said Wednesday.

Due to the sheer scale of the infrastructure of this single SIM farm-and the fact that it reportedly came onto the Secret Service's radar after it was exploited in "swatting" attacks that targeted US members of Congress around Christmas of 2023-the agency has warned that the operation, which has been at least partially dismantled, posed a serious threat of a disruptive attack on cellular service.

According to court documents, Fitzpatrick admitted to being the owner and administrator of BreachForums, under the moniker of Pompompurin. He also agreed to forfeit over 100 domain names linked to the cybercrime marketplace. In January 2024, he was sentenced to time served and 20 years of supervised release. However, between his arrest and sentencing, he stayed in jail for only 17 days, as he was granted pretrial release on bond, and arrested again before sentencing for violating the conditions of the bond.

The U.S. Department of Justice (DoJ) on Tuesday resentenced the former administrator of BreachForums to three years in prison in connection with his role in running the cybercrime forum and possessing child sexual abuse material (CSAM). Conor Brian Fitzpatrick (aka Pompompurin), 22, of Peekskill, New York, pleaded guilty to one count of access device conspiracy, one count of access device solicitation, and one count of possession of child sexual abuse material. Fitzpatrick was initially arrested in March 2023 and pleaded guilty later that July.

Aleksanteri Kivimäki, convicted of thousands of cybercrimes linked to the Vastaamo data breach, has been released from custody by the Helsinki Court of Appeal. The decision followed two days of testimony from Kivimäki, who denied all charges. The court cited his prolonged pretrial detention as the reason for release. He has been in custody since February 2023. His trial will continue through November.

The price of bitcoin briefly spiked more than $1,000 after the post claimed "The SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges." But soon after the initial post appeared, SEC Chairman Gary Gensler said on his personal account that the SEC's account was compromised. "The SEC has not approved the listing and trading of spot bitcoin exchange-traded products," Gensler wrote, calling the post unauthorized without providing further explanation.

"Agentic AI has been weaponized," the company said in a . "AI models are now being used to perform sophisticated cyber attacks, not just advise on how to carry them out."