❌

Normal view

There are new articles available, click to refresh the page.
Before yesterdayCyberScoop

Scottish man pleads guilty to attack spree that created Scattered Spider’s notoriety

21 April 2026 at 14:51

A core leader of the hacker subset of The Com responsible for a series of high-profile phishing attacks and cryptocurrency thefts from September 2021 to April 2023 pleaded guilty to federal charges, the Justice Department said Friday.Β 

Tyler Robert Buchanan of Dundee, Scotland, pleaded guilty to conspiracy to commit wire fraud and aggravated identity theft. The 24-year-old was arrested by Spanish police in Palma in 2024 as he attempted to board a charter flight to Naples, Italy.Β 

Buchanan has been in federal custody since April 2025 and faces up to 22 years in federal prison at his sentencing, which is scheduled for August 21.Β 

The British national and his co-conspirators, including Noah Michael Urban, who was sentenced to a 10-year federal prison sentence last year, harvested thousands of credentials via phishing and stole more than $8 million in cryptocurrency from U.S. residents via SIM-swapping attacks.

Victims included high net worth individuals and businesses in the entertainment, telecom, technology, business process outsourcing, IT, cloud and virtual currency sectors, officials said.

Buchanan and his co-conspirators were part of an aggressive subset of The Com coined Scattered Spider. While The Com and its offshoots don’t operate with formal leaders in the traditional sense, Buchanan played a crucial role in the operation, according to Allison Nixon, chief research officer at Unit 221B.

β€œ[Buchanan] was the glue that held this gang together. His success at wiping out victims’ savings made him a target for both law enforcement and rival Com gangs,” Nixon told CyberScoop.

β€œ[Buchanan] is part of an older generation that came from certain toxic gaming servers before the pandemic. People from this generation learned hacking in order to steal vanity usernames and bully kids before using it to steal peoples’ savings,” she added.

Federal authorities filed charges against five individuals with links to the Scattered Spider cybercrime outfit in 2024. Buchanan and Urban’s alleged co-conspirators β€” Ahmed Hossam Eldin Elbadawy, Evans Onyeaka Osiebo and Joel Martin Evans β€” still face charges in the case, officials said.Β 

Nixon lauded law enforcement for acting decisively to arrest Buchanan during a brief window of opportunity while he was traveling internationally.Β 

β€œCom members are obsessed with private jets and foreign vacations, and the feds took that dream away with one arrest,” she said.Β 

The tactic, which U.S. officials also use against Russian cybercriminals, works because most countries are willing to support in the arrest of foreign criminals, thereby keeping them out of their respective jurisdictions, Nixon said.Β 

β€œAs a foreigner, he was caught in a weaker legal position than if he was arrested at home, and cases following this tactic tend to have very long sentences,” she added. β€œThe takeaway for Com members watching this case is that criminal foreigners associated with violence are the lowest class in every country. And that’s what Com members are when they travel.”

The Justice Department said Buchanan and his co-conspirators defrauded at least a dozen companies and their employees throughout the United States. A digital device police found at his residence in April 2023 contained personal data on numerous individuals and victim companies, according to his plea agreement.

It’s unclear what transpired between that search in April 2023 in Scotland and his June 2024 arrest at a resort city on the Spanish island of Mallorca. Moreover, his plea agreement doesn’t include the entirety of his alleged crimes.Β 

Buchanan attracted a lot of attention and successfully coordinated many attacks before a rival Com gang allegedly broke into his home and used a blowtorch on him to extract crypto keys in his possession, according to Nixon.Β 

Following his arrest, Spanish police said Buchanan had gained control of bitcoin worth more than $27 million at that time.Β 

While early leaders of Scattered Spider have been arrested or sentenced for their crimes, others have filled those roles with even more exceptional impact.Β 

The Com has grown to thousands of members, typically between 11 and 25 years old, splintered into three primary subsets the FBI describes as Hacker Com, In Real Life Com and Extortion Com.

Criminal acts committed by these multiple, interconnected networks include swatting, extortion and sextortion of minors, production and distribution of child sexual abuse material, violent crime and various other cybercrimes.Β 

You can read the indictment against Buchanan and some of his co-conspirators below.

The post Scottish man pleads guilty to attack spree that created Scattered Spider’s notoriety appeared first on CyberScoop.

Cybercrime losses jumped 26% to $20.9 billion in 2025

7 April 2026 at 12:47

Cybercrime remains a booming business.Β 

Annual cybercrime losses amounted to almost $20.9 billion last year, reflecting a 26% increase from 2024, the FBI’s Internet Crime Complaint Center (IC3) said in its annual report Tuesday.

The comprehensive study exposes a worsening digital crime environment that is driving financial losses, with momentum moving in the wrong direction and compounding at an alarming rate. Annual cybercrime losses have jumped almost 400% from $4.2 billion in 2020, and cumulative losses in that five-year period surpassed $71.3 billion.

The FBI’s IC3, which formed as the country’s central hub for cybercrime reporting in 2000, is busier than ever. β€œWe now average almost 3,000 complaints per day,” Jose Perez, the FBI’s operations director for its criminal and cyber branch, wrote in the report.Β 

The annual internet crime report highlights growing and sustaining trends. Yet, the scope of the study is limited and relies entirely on cybercrime incidents submitted to the FBI.Β 

The full impact of cybercrime remains murky, as an unknown number of victims suffer in the shadows and never report the crimes they endure.

The FBI received more than 1 million complaints last year, with victims aged over 60 reporting the largest amount of crimes that also resulted in the greatest amount of total losses by age group. Victims at least 60 years old filed 201,000 complaints with losses totaling nearly $7.75 billion, or about 37% of all cybercrime-related losses last year.

Investment-related fraud remained the largest component of cybercrime losses in 2025, reaching almost $8.65 billion. Business email compromise took the No. 2 spot with almost $3.05 billion in losses, followed by tech support scams at more than $2.1 billion.Β 

Cryptocurrency was the primary conduit for fraud linked to investment and tech support scams last year, while wire transfers composed the bulk of fraud resulting from business email compromise, according to the report.

Phishing was the most commonly reported type of cybercrime last year, followed by extortion, investment scams and personal data breaches. The FBI tallied losses amounting to $122.5 million from extortion and $32.3 million from ransomware last year.

The FBI also received more than 75,000 reports of sextortion last year, including more than 5,700 submissions that were referred to the National Center for Missing and Exploited Children.

The top five cyber threats reported to IC3 in 2025 included data breaches at 39%, ransomware at 36%, SIM swapping at 10%, malware at 9% and botnets at 7%.Β 

The FBI received more than 3,600 complaints reporting ransomware last year. The five most reported variants included Akira, Qilin, INC, BianLian and Play.

Each of the 16 critical infrastructure sectors reported ransomware attacks last year, and the most heavily targeted included health care, manufacturing, financial services, government and IT.

The IC3 primarily receives complaints from U.S. residents and businesses, but it also received complaints from more than 200 countries last year, which accounted for nearly $1.6 billion in total losses.Β 

While losses and the sheer amount of cybercrime continued to climb last year, β€œthe FBI continues to disrupt and deter malicious cyber actors β€” and shift the cost from victims to our adversaries,” Perez wrote in the report.

β€œIt has never been more important to be diligent with your cybersecurity, social media footprint, and electronic interactions,” he added. β€œCyber threats and cyber-enabled crime will continue to evolve as the world embraces emerging technologies such as artificial intelligence.”

The post Cybercrime losses jumped 26% to $20.9 billion in 2025 appeared first on CyberScoop.

❌
❌