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The U.S. Department of Justice (DoJ) on Tuesday announced the seizure of a cloud computing account put to use by subsidiaries of Cambodia-based corporate conglomerate HuiOne Group, as the Treasury unveiled fresh sanctions against nine individuals and 26 entities linked to Prince Group
Funnull CDN rents IPs from legitimate cloud service providers and uses them to host criminal websites, continuously cycling cloud resources in and out of use and acquiring new ones to stay ahead of cyber-defender detection.
In an effort to blend in and make their malicious traffic tougher to block, hosting firms catering to cybercriminals in China and Russia increasingly are funneling their operations through major U.S. cloud providers. Research published this week on one such outfit -- a sprawling network tied to Chinese organized crime gangs and aptly named "Funnull" -- highlights a persistent whac-a-mole problem facing cloud services.
Also: Nebraska Man Steals $3.5 Million of Cloud Services to Mine $1M of CryptoEvery week, ISMG rounds up cybersecurity incidents in digital assets. This week, sentencing in the first-ever conviction for hacking a smart contract, indictment in a million-dollar illicit mining, FTX executive's sentencing, Railgun's money-laundering defense and Uniswap's Wells Notice.
PLUS: Google Cloud ANZ boss departs; Japan revives airliner ambitions; China-linked attackers target Asian entities ASIA IN BRIEF Singapore's Monetary Authority on Monday launched an application, intuitively named "COllaborative Sharing of Money Laundering/TF Information & Cases" (COSMIC for short, obviously) to target money laundering and terrorism financing.…