In 2023, the cryptocurrency industry faced a significant increase in illicit activities, including money laundering, fraud, and ransomware attacks. Ransomware attacks were especially prevalent and profitable for attackers. However, other forms of criminal activity also saw a rise.
The Russia-based cybercrime group dubbed "Fin7," known for phishing and malware attacks that have cost victim organizations an estimated $3 billion in losses since 2013, was declared dead last year by U.S. authorities. But experts say Fin7 has roared back to life in 2024 -- setting up thousands of websites mimicking a range of media and technology companies -- with the help of Stark Industries Solutions, a sprawling hosting provider is a persistent source of cyberattacks against enemies of Russia.
The Russia-based cybercrime group dubbed "Fin7," known for phishing and malware attacks that have cost victim organizations an estimated $3 billion in losses since 2013, was declared dead last year by U.S. authorities. But experts say Fin7 has roared back to life in 2024 -- setting up thousands of websites mimicking a range of media and technology companies -- with the help of Stark Industries Solutions, a sprawling hosting provider is a persistent source of cyberattacks against enemies of Russia.
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