A member of the Scattered Spider cybercrime group has pleaded guilty to using SMS phishing (smishing) to compromise corporate accounts and steal over $8 million in cryptocurrency. The attack vector involved fraudulent text messages to facilitate unauthorized access and wire fraud. This case highlights the ongoing threat of social engineering attacks targeting employee credentials for financial gain.
A British national tied to the Scattered Spider cybercrime group pleaded guilty to hacking multiple companies via SMS phishing and stealing over $8 million in virtual currency from US victims. Tyler Robert Buchanan, 24, of Dundee, Scotland, pleaded guilty to conspiracy to commit wire fraud and aggravated identity theft. In November 2024, US authorities unsealed criminal charges against Buchanan and four other alleged members of the Scattered Spider group, accusing them of using phishing text … More → The post Scattered Spider hacker pleads guilty to stealing $8 million in cryptocurrency appeared first on Help Net Security .