Latest cybersecurity reporting from selected sources.

The Federal Bureau of Investigation (FBI) said today it worked with industry partners to seize hundreds of domains associated with NetNut, a sprawling residential proxy service operated by the publicly-traded Israeli company Alarum Technologies [NASDAQ: ALAR]. The action comes roughly two weeks after KrebsOnSecurity published findings from multiple security firms connecting NetNut to the Popa botnet, a collection of at least two million devices that have been compromised by malicious software with little or no consent from victims.

The botnet, which compromised routers and IoT devices in 163 countries, claimed about 369,000 victims and $5.8 million from its cybercriminal customers, officials said. The post Authorities takedown global proxy network SocksEscort appeared first on CyberScoop.

Google on Thursday revealed it's pursuing legal action in New York federal court against 25 unnamed individuals or entities in China for allegedly operating BADBOX 2.0 botnet and residential proxy infrastructure

An elusive, sophisticated cybercriminal group has used known and zero-day vulnerabilities to compromise more than 20,000 SOHO routers and other IoT devices so far, and then puts them up for sale on a residential proxy marketplace for state-sponsored cyber-espionage actors and others to use.