Arrest in ‘Ransom Your Employer’ Email Scheme
Summary: Nigerian police arrested 23-year-old Oluwaseun Medayedupin, founder of a startup called Sociogram, in connection with a scheme that emailed people asking them to deploy ransomware inside their employer's network for a cut of any ransom paid. Abnormal Security first documented the approach after adopting a fake persona, and its Crane Hassold reported the actor had pivoted to the ransomware pretext after phishing senior executives failed.
Bottom line: The case drew a swift arrest only when a domestic cybercriminal threatened losses for Nigeria's own banks, while the FBI's IC3 counted more than $4.2 billion in reported cybercrime losses in 2020 and BEC and romance scams alone accounted for nearly 60 percent of that total.
Read the original at Krebs on Security ↗
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