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Image: Shutterstock, ArtHead. The U.S. government today imposed economic sanctions on Funnull Technology Inc., a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams known as “pig butchering.” In January 2025, KrebsOnSecurity detailed how Funnull was being used as a content delivery network that catered to cybercriminals seeking to route their traffic through U.S.-based cloud providers. “Americans lose billions of dollars annually to these cyber scams, with revenues generated from these crimes rising to record levels in 2024,” reads a statement from the U.S. Department of the Treasury, which sanctioned Funnull and its 40-year-old Chinese administrator Liu Lizhi. “Funnull has directly facilitated several of these schemes, resulting in over $200 million in U.S. victim-reported losses.” The Treasury Department said Funnull’s operations…

Image: Shutterstock, ArtHead. The U.S. government today imposed economic sanctions on Funnull Technology Inc., a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams known as “pig butchering.” In January 2025, KrebsOnSecurity detailed how Funnull was being used as a content delivery network that catered to cybercriminals seeking to route their traffic through U.S.-based cloud providers. “Americans lose billions of dollars annually to these cyber scams, with revenues generated from these crimes rising to record levels in 2024,” reads a statement from the U.S. Department of the Treasury, which sanctioned Funnull and its 40-year-old Chinese administrator Liu Lizhi. “Funnull has directly facilitated several of these schemes, resulting in over $200 million in U.S. victim-reported losses.” The Treasury Department said Funnull’s operations…

Breaking Out of the Security Mosh Pit When Jason Elrod, CISO of MultiCare Health System, describes legacy healthcare IT environments, he doesn't mince words: "Healthcare loves to walk backwards into the future. And this is how we got here, because there are a lot of things that we could have prepared for that we didn't, because we were so concentrated on where we were." This chaotic approach has

The China-linked threat actor behind the recent in-the-wild exploitation of a critical security flaw in SAP NetWeaver has been attributed to a broader set of attacks targeting organizations in Brazil, India, and Southeast Asia since 2023. "The threat actor mainly targets the SQL injection vulnerabilities discovered on web applications to access the SQL servers of targeted organizations," Trend

The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has levied sanctions against a Philippines-based company named Funnull Technology Inc. and its administrator Liu Lizhi for providing infrastructure to conduct romance baiting scams that led to massive cryptocurrency losses. The Treasury accused the Taguig-headquartered company of enabling thousands of websites involved in

ConnectWise, the developer of remote access and support software ScreenConnect, has disclosed that it was the victim of a cyber attack that it said was likely perpetrated by a nation-state threat actor. "ConnectWise recently learned of suspicious activity within our environment that we believe was tied to a sophisticated nation-state actor, which affected a very small number of ScreenConnect