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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

Meta on Thursday revealed that it disrupted three covert influence operations originating from Iran, China, and Romania during the first quarter of 2025. "We detected and removed these campaigns before they were able to build authentic audiences on our apps," the social media giant said in its quarterly Adversarial Threat Report. This included a network of 658 accounts on Facebook, 14 Pages, and

Authorities in Pakistan have arrested 21 individuals accused of operating “Heartsender,” a once popular spam and malware dissemination service that operated for more than a decade. The main clientele for HeartSender were organized crime groups that tried to trick victim companies into making payments to a third party, and its alleged proprietors were publicly identified by KrebsOnSecurity in 2021 after they inadvertently infected their computers with malware. Some of the core developers and sellers of Heartsender posing at a work outing in 2021. WeCodeSolutions boss Rameez Shahzad (in sunglasses) is in the center of this group photo, which was posted by employee Burhan Ul Haq, pictured just to the right of Shahzad. A report from the Pakistani media outlet Dawn states that authorities there arrested 21 people alleged to have…