cybercrime

North Korea Speaks Against U.S. Sanctions Over Cybercrimes

November 6, 2025 2:39 am

North Korea has condemned the latest round of United States sanctions targeting individuals and entities accused of funding its nuclear weapons program through cybercrime, calling Washington’s actions “wicked” and promising countermeasures.

The statement from North Korean Vice Foreign Minister Kim Un Chol on Thursday came two days after the U.S. Department of the Treasury sanctioned eight people and two companies allegedly linked to state-sponsored hacking and money laundering schemes.

According to the U.S. Treasury Department, North Korea’s hacking networks have stolen more than $3 billion in digital assets over the past three years, the largest amount attributed to any nation. …

FBI Offers $10,000 To Arrest Fraudster Olumide Adebiyi Adediran

September 28, 2025 2:14 am

FBI has announced a reward of up to $10,000 for information leading to the arrest of Olumide Adebiyi Adediran, a Nigerian national wanted for violating the terms of his federal release. The notice, issued Wednesday night, underscores the bureau’s efforts to track fugitives involved in complex financial crimes.

Adediran became a fugitive in late December 2001 when he fled the Central District of Illinois just days before his federal trial was set to begin. He was facing multiple charges, including bank fraud, identification document fraud, and credit card fraud, reflecting alleged involvement in schemes that targeted both individuals and financial …

Phishing attacks rise as cybercrime cost hits $6 trillion

June 27, 2019 10:58 am

Microsoft has called for safer online community in Nigeria, stressing that cybercrime will cost the global economy $6 trillion by 2021. Microsoft said the call became necessary following increasing phishing attacks on the Nigerian community.The firm said phishing, which is the biggest security headache for businesses and individuals, is among the hardest to tackle. The American technology company said phishing increased by over 250 per cent in Nigeria and other parts of the world.Phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details by disguising oneself as a trustworthy entity in an electronic …