CODE RED

A cybersecurity startup dangling millions of dollars to acquire zero-day security vulnerabilities in popular software is run by a pair of far-right conspiracy theorists and convicted felons whose most recent ventures included fake intelligence companies and a now-defunct AI-based lobbying platform they operated under assumed names.

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.

Two men pleaded guilty in the United Kingdom this week to criminal charges stemming from an August 2024 cyberattack that crippled Transport for London, the entity responsible for the public transport network in the Greater London area. The duo were key members of a prolific cybercrime group known as Scattered Spider, and their guilty pleas came on the first day of what was expected to be a six-week trial.

For the past four years, a sprawling Android-based botnet called Popa has forced millions of consumer TV boxes to relay Internet traffic linked to advertising fraud, account takeovers, and mass data-scraping efforts. This week, researchers from multiple security firms concluded that the Popa botnet is linked to NetNut, a "residential proxy" provider operated by the publicly-traded Israeli firm Alarum Technologies Ltd [NASDAQ: ALAR].

A cybercrime group known as The Gentlemen has emerged as the second most active ransomware gang by victim count, rapidly attracting a talented pool of hackers through an aggressive recruitment strategy that promises affiliates 90 percent of any ransom paid by victims. This post examines clues pointing to a real life identity for the administrator of The Gentlemen ransomware group.