Cybercriminals and state-sponsored actors exploit social media for espionage and disinformation. Telegram is under fire for sharing data with Russia’s FSB, prompting Ukraine to restrict it. OpenAI's Ben Nimmo fights AI-driven disinformation targeting U.S. and European elections.
This week’s Cyber Pulse Mid-Week Briefings cover Australia’s new Cyber Security Bill, rising ransomware claims, Zscaler's AI-driven platform growth, and cyber threats from East Asia, including Chinese influence operations, North Korean tech theft, and costly global data breach claims.
Visa boosts AI fraud detection with Featurespace acquisition, lifting its stock; Experian expands Latin American security by acquiring ClearSale; Booz Allen shares cyber expertise at Singapore International Cyber Week; Torq secures $70M for global growth; SentinelOne and Okta shine in top awards.
Western Australian Man Sentenced for Darknet Fraud and Identity Theft
A Western Australian man was sentenced to two years for using darknet-sourced data to commit identity theft and fraud, stealing over $17,500. Found with 20,000 compromised credentials, he admitted to six charges. Authorities urge vigilance against cybercrime and identity theft.
Western Australian Man Sentenced for Darknet Fraud and Identity Theft
Announced today, April 19th, the Perth District Court handed down a two-year prison sentence to a 36-year-old Western Australian man for identity theft and fraud. He utilised personal data purchased from the darknet to illicitly withdraw over $17,500 from a couple's superannuation and other financial accounts.
Investigators found the perpetrator in possession of approximately 20,000 compromised credentials from Genesis Market, an illegal online platform that was part of the larger FBI-led Operation Zinger.
This international operation resulted in the shutdown of Genesis Market, which had provided access to sensitive data, including login details and browsing histories from over 1.5 million compromised computers.
The man admitted guilt to six charges, including data possession intending to commit fraud and causing detriment by fraud, with the maximum penalties for these offences reaching up to seven years in prison.
AFP Detective Inspector Andrea Coleman stressed the invasive nature of cyber crimes, likening them to traditional burglary.
"People who have their identity stolen can have their hard-earned savings stolen, but it can also take years for them to regain control of their personal information,"Coleman explained.
She emphasised the continuous efforts of the AFP and its international partners in pursuing and prosecuting individuals who misuse the darknet for illegal activities.
Following this case, Clare O'Neill, the Minister for Cyber Security, highlighted the importance of cybercrime awareness on the social platform X. O'Neill detailed the arrest of five individuals during a global police sting operation targeting the platform LabHost, which allegedly facilitated the theft of personal credentials from over 94,000 victims in Australia alone.
She urged the public to remain vigilant against phishing attacks and emphasised the importance of cyber security measures.
Key advice includes limiting the sharing of personal information online, setting social media profiles to private, and critically evaluating any requests for personal details, as cybercriminals often pose as reputable organisations to solicit this information.
These precautions are vital in protecting individuals and families from the increasing dangers of cybercrime and identity theft.
Cybercriminals and state-sponsored actors exploit social media for espionage and disinformation. Telegram is under fire for sharing data with Russia’s FSB, prompting Ukraine to restrict it. OpenAI's Ben Nimmo fights AI-driven disinformation targeting U.S. and European elections.
This week’s Cyber Pulse Mid-Week Briefings cover Australia’s new Cyber Security Bill, rising ransomware claims, Zscaler's AI-driven platform growth, and cyber threats from East Asia, including Chinese influence operations, North Korean tech theft, and costly global data breach claims.
Telegram is tightening its policies, sharing user IPs and phone numbers of criminals with authorities. As hybrid warfare blends state-backed hacking with cybercrime, Telegram faces pressure to curb illegal activities exploiting its encryption features.