The alliance raises concerns among security experts and enterprise network advocates, noting that cybercriminals are increasingly targeting large companies using a variety of tactics, including stealing employee credentials and manipulating support staff. The Scattered Spider group has ranged from stealing cryptocurrency to targeting businesses that provide third-party services such as help desks and call center staff, allowing them to infiltrate various networks.
Of particular concern is the use of ransomware malware, resulting in a massive increase in criminal activity.
Researchers speculate that these cybercriminals band together through SIM swapping crimes, where they gain control of other people’s phone numbers to bypass two-factor authentication on cryptocurrency accounts.
Source: Ferra
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