Latest news with #GroupIB
Zawya
2 days ago
- Business
- Zawya
Group-IB has participated in 1,550 global cybersecurity cases
Cairo - Dmitry Volkov the Founder and CEO of Group-IB highlighted the significant evolution of cyberattacks in recent years, stating that their impact now extends beyond financial losses to include reputation and trust, which are essential for the success of organizations. 'In the past, the cost of a cyberattack was measured in small financial amounts. Today, the situation is entirely different; the cost encompasses both money and reputation. For instance, if a bank suffers a cyberattack and customers start discussing on social media that the bank does not adequately secure their data, this can severely damage the bank's image. Customers might revert to waiting in line at branches rather than using digital applications, posing a major challenge for the bank.' He added, 'To become an expert and a technical witness in this field, one must undergo tough and challenging experiences. We call this 'going through the mill,' which is a necessary experience to gain true knowledge. At Group-IB, we believe our credibility stems from our ability to train and qualify human resources, not just from providing technical services.' 'Fraud is everywhere. We stop it.' He continued, 'We use the term 'fraud' to describe a variety of deceptive practices, including scam calls, phishing websites, and more. It's a global issue, and unfortunately, every time we look at the various schemes showing fraudulent activity, we find they are on the rise.' Volkov noted that the company is committed to localizing technology in every market it operates in, explaining, 'We have high competencies and numerous specialized experts from strong security and technical backgrounds. This is an integral part of what we do in our centers worldwide, including France. We begin by localizing technology and then establish partnerships with many local institutes. We already have partnerships that enable us to offer recognized certifications and training courses.' He added, 'Our training programs are among the best in this field because we have been working in this sector for over 22 years, and that's all we do. Even the technologies we use globally are developed in-house. We are, in fact, the only company that fully develops its technologies with its own teams.' Volkov explained that the company employs a significant number of staff with security backgrounds, stating, 'These employees combine security and technical expertise, and they are the ones developing our products. Even the tools used by security agencies globally are developed by us. This gives our technologies credibility and strength.' He continued, 'We contribute by providing information and analysis regarding the complex strategies of cyberattacks. For example, Group-IB has participated in 1,550 global cybersecurity cases, a number that reflects our volume of work and impact. We don't just offer consulting services; we work with law enforcement and participate in investigations.' Volkov emphasized the importance of cybersecurity, stating, 'If you don't invest in cybersecurity, you won't have a digital economy.' He explained, 'People now realize that cybersecurity is not just a cost center but is critical to developing a successful digital economy.'
Zawya
25-05-2025
- Business
- Zawya
Group-IB establishes stronger presence in Egypt to support regional cyber defense
Cairo – Group-IB, a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime, has announced its expansion into Egypt, a strategic move aimed to meet the country's rising demand for cutting-edge cyber defense solutions and support the growing needs of the broader Middle East and Africa region. Operating in collaboration with its trusted local distributor, Group-IB will work closely with enterprises, government bodies, and critical infrastructure providers in Egypt, delivering tailored cybersecurity services, investigations, and digital risk protection. This step reflects the company's commitment to supporting local cybersecurity resilience and playing an active role in the region's cyber defense. 'With the increasing demand for reliable cybersecurity services in Egypt and Africa, our growing local team in Cairo allows us to be on the ground where it matters most,' said Ahmed Thawat, Regional Director - Africa, Levant, and Qatar at Group-IB. 'This isn't just about expanding operations—it's about being present, responsive, and aligned with the needs of the Egyptian market. We're here to deliver real results, build trust, and help shape a more secure digital future.' Group-IB's expansion into the Egyptian market is also part of its broader glocal strategy—a decentralized approach designed to embed the company's global expertise within local markets, providing local insights, and tailored solutions. 'Our decentralized model is built on the belief that cybersecurity must be local to be effective,' said Ashraf Koheil, Vice President of Sales, META and ANZ at Group-IB. 'Egypt is a key part of that vision. We're investing in local talent, responding in real-time to regional threats, and tailoring our solutions to match the unique challenges faced by our partners on the ground. That's the future of cyber defense—global intelligence with local execution.' With over two decades of experience across 60+ countries, Group-IB has built a solid global reputation, working with law enforcement agencies, national authorities, and leading companies. The company provides end-to-end services ranging from threat detection and incident response to digital forensics, data recovery, and breach containment. Its local team in Cairo—is already active on the ground, supporting key sectors in Egypt with real-time threat mitigation and investigation efforts. ' This demonstrates Group-IB's practical, hands-on approach and deep understanding of regional challenges,' added Ahmed Tharwat, Regional Director - Africa, Levant, and Qatar at Group-IB. Group-IB also aims to nurture local cybersecurity talent through professional training and upskilling programs, reinforcing its long-term vision of empowering self-reliant cyber capabilities across Egypt and neighboring countries. As part of its regional engagement, Group-IB will be participating in CAISEC 2025, Egypt's flagship cybersecurity event, to showcase its latest technologies, threat intelligence capabilities, and local initiatives. Visitors are invited to connect with Group-IB experts to explore how the company is helping protect Egypt's digital infrastructure and building a safer cyber environment across the region. ABOUT GROUP-IB Established in 2003, Group-IB is a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime globally. Headquartered in Singapore, and with Digital Crime Resistance Centers in the Americas, Europe, Middle East and Africa, Central Asia, and the Asia-Pacific, Group-IB analyses and neutralizes regional and country-specific cyber threats via its Unified Risk Platform, offering unparalleled defense through its industry-leading Threat Intelligence, Fraud Protection, Digital Risk Protection, Managed Extended Detection and Response (XDR), Business Email Protection, and External Attack Surface Management solutions, catering to government, retail, healthcare, gaming, financial sectors, and beyond. Group-IB collaborates with international law enforcement agencies like INTERPOL, EUROPOL, and AFRIPOL to fortify cybersecurity worldwide, and has been awarded by advisory agencies including Aite-Novarica, Gartner, Forrester, Frost & Sullivan, and KuppingerCole. For more information, visit us at or connect with us on LinkedIn, X, Facebook, and Instagram.
Forbes
13-05-2025
- Forbes
The 3 Masked Hackers Behind The World's Most Prolific Cyberattacks
10 masked cybercrime actors revealed. From ransomware attacks demanding ridiculous payments of $1 trillion, or using insidious methods to watch victims at work, through to hackers stealing billions of passwords and publishing them to the dark web, cybercrime has never been as rife as it is today. Despite the best efforts of everyone from Google, Microsoft, and even the FBI, the attacks continue. But who are the hackers behind the crimes, the threat actors operating in the shadows to deliver these attacks? A newly published report has analyzed more than 1500 separate cybercrime investigations to reveal the most prolific cybercriminal groups, the masked hackers that continue to shape the threatscape. New threat actors are continually emerging across the criminal landscape, often arising from the ashes of cybercrime groups that have been disrupted by law enforcement or have suffered from internal conflicts that lead to their disbandment. While some of these will gain traction and, in time, become an unwelcome addition to the cybersecurity lexicon, most will fall by the wayside. Those groups that have not only survived but are prospering are among the most prolific criminal actors operating today. 'Cross-border investigations and intelligence sharing are increasingly constrained by jurisdictional divides,' Dmitry Volkov, the Group-IB CEO, said, 'creating gaps that cybercriminals are quick to exploit.' Perhaps that partly explains why these gangs experience such longevity and success. The May 13 High-Tech Crime Trends Report 2025, has analyzed more than 1,500 cybercrime investigations, enabling Group-IB threat intelligence analysts to identify who these groups are. It may come as something of a surprise, even to those who follow cybercrime reporting religiously, that the vast majority of the names on the list are unfamiliar. Before we get to that, however, let's take a look at some of the other intelligence that this report has revealed concerning the cybercriminal threat landscape across 2024: The U.S. hit hardest by ransomware attacks in 2024. Although the full report is well worth reading, I would be doing a disservice if I didn't highlight the most prolific threat actors called out by the intelligence analysts across one or two important sectors. There's the intriguingly-named 'NoName057(16)' sitting at the top of the hacktivist groups tree. Pro-Russian, and primarily using Distributed-Denial-of-Service attacks against government and financial institutions, NoName057(16) is said to be driven by 'political motives, particularly against information resources located in Europe.' When it comes to APT attacks, Dark Pink sits at the top of the list by number of attacks, but Group-IB was unable to attribute these connected campaigns to any specific group. So, for me at least, that puts APT28 at number one — another Russian-speaking group, known to employ the currently highly-exploited ClickFix attack methodology using malicious CAPTCHA dialogs. OK, let's move on to those three masked actors, the cybercriminal groups that have dominated cyberattacks during the past year, according to Group-IB threat intelligence. The RansomHub ransomware-as-a-service operators, arising from the ashes of the infamous ALPHV or BlackCat group before it, are the prime cybercriminal gang. Since launching at the start of 2024, RansomHub has 'already surpassed even long-established cybercriminals in attacks,' according to the report, and is now the dominant force in the ransomware threat sector. RansomHub - the number one most prolific cybercrime gang. Sitting behind RansomHub, which you may have heard of, is GoldFactory, which you likely haven't. This mobile banking malware group was behind the first iOS banking trojan, which harvested facial recognition data to use in attacks. And in third place, one you will definitely know: Lazarus. This nation-state actor, which is known to keep rising from the dead, hence the original name, although it operates under many a pseudonym to evade detection, is thought to operate under the control of the North Korean intelligence agency, the Reconnaissance General Bureau. One thing is certain: these masked hackers, all of whom are included in the report and featured in an accompanying podcast, are well worth getting to know if you want to stay ahead in your defense efforts against them.
