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The Good, the Bad and the Ugly in Cybersecurity – Week 19
- Polish authorities arrested four cybercriminals for operating DDoS-for-hire platforms, leading to the shutdown of six platforms through international efforts.
- DDoS-for-hire platforms, disguised as legitimate tools, are used to overwhelm websites by offering easy interfaces for attacks at low costs.
- Operation PowerOFF dismantled platforms like Cfxapi and jetstress, marking a significant step against illicit DDoS services.
- PowerSchool faces escalated extortion threats targeting individual school districts post-data breach, leading to sensitive data exposure.
- The December 2024 breach caused the theft of vast amounts of student and teacher data, affecting over 6,500 school districts globally.
- Victims of data breaches, like PowerSchool, face re-extortion risks even after initial ransom payments, as data deletion is not guaranteed.
- A global crypto phishing campaign named 'FreeDrain' exploits SEO and free hosting services to drain wallets through phishing sites mimicking legit interfaces.
- FreeDrain campaign utilizes spamdexing tactics, AI tools like GPT-4o, and over 38,000 subdomains hosted on cloud services for large-scale crypto theft.
- This operation reveals the cybercriminal trend of leveraging AI, cloud services, and social platforms for sophisticated phishing attacks to steal cryptocurrencies.
- Free hosting and publishing platforms must enhance abuse detection and collaboration with researchers to combat such large-scale phishing campaigns effectively.
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