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‘Scattered Spider’ Member ‘Tylerb’ Pleads Guilty

Source Krebs on Security

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Description

A senior member of the cybercrime group 'Scattered Spider,' Tyler Robert Buchanan, pleaded guilty to wire fraud conspiracy and aggravated identity theft. He admitted involvement in text-message phishing attacks during summer 2022 that compromised at least a dozen major technology companies. These attacks resulted in the theft of tens of millions of dollars in cryptocurrency from investors. The threat involves social engineering via phishing rather than a software vulnerability. There is no indication of a patch or technical remediation since this is a criminal activity case. The severity is assessed as low given the nature of the threat and lack of ongoing exploit details.

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