November 30, 2025
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Police rounding up LabHost users

International law enforcement is hailing last week’s bust of LabHost, the world’s largest phishing-as-a-service platform, as a major victory in the war against cybercrime. In addition to multiple arrests, the Europol-co-ordinated investigation also unearthed the identities of around 10,000 users of the illegal site, many of whom are now already under police investigation.

The year-long investigation, led by the UK’s London Metropolitan Police, resulted in the arrest of 37 suspects worldwide following Europol-coordinated raids across 70 addresses worldwide. Partners in the investigation also included Chainalysis, Intel 471, Microsoft, The Shadowserver Foundation, and Trend Micro.

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Ransomware payments top US$1 billion in 2023

Last year, ransomware payments topped US$1 billion for the first time. According to a report from blockchain analyst firm Chainalysis, in 2023 ransomware gangs reached “an unprecedented milestone” in extorted cryptocurrency payments.

“This number does not capture the economic impact of productivity loss and repair costs associated with attacks. This is evident in cases like the ALPHV-BlackCat and Scattered Spider’s bold targeting of MGM resorts. While MGM did not pay the ransom, it estimates damages cost the business over US$100 million,” warns the report.

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