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Laos

2 mentions in 7 days · 5 in 30 days · 5 total · first seen Sep 4, 2026 · last 6d ago

Timeline5 articles

Treasury urges banks to file cyber scam reports, noting nearly $13 billion in losses since 2023

FinCEN urged banks to report cyber scams after a study found $12.7 billion stolen from US victims of crypto investment scams since 2023.

FinCEN analyzed more than 33,000 cyber fraud incident reports filed by roughly 1,300 financial institutions between September 2023 and December 2025, finding about $12.7 billion in losses to cryptocurrency investment scams across all 50 states. Traditional banks reported about $6.4 billion in suspected scam activity and crypto firms about $5.5 billion. Scam activity is growing, with monthly reports rising nearly 11% as centers expand beyond Myanmar, Cambodia, and Laos. The US later sanctioned Xinbi Guarantee, a Telegram-based marketplace used to launder over $36 billion.

The RecordSep 10, 21:15 UTC · 6d agoPhishing & fraud

Gigabud Creates Android Work Profiles to Hide From Banking App Malware Checks

Group-IB reports the Gigabud Android banking trojan uses a cloned work profile to hide from banking app malware checks, with infections confirmed in Indonesia.

Group-IB says Gigabud installs a helper app called Vwork, derived from the open-source Shelter tool, which creates an Android work profile and drops a tampered banking app inside it, hiding the trojan from banking apps' malware scans. Gigabud, active since 2022 and linked by Group-IB to the GoldFactory group, abuses Accessibility access and overlay screens to steal credentials and run fraudulent payments while a black screen conceals the operator's actions. Group-IB confirmed the full attack chain on infected devices in Indonesia, counting about 1,469 compromised devices and estimated losses of roughly $960,000 between February and July 2026. Vwork-compatible Gigabud samples have been found targeting 11 countries including Brazil, Mexico, Indonesia, Thailand, and Türkiye, though only the Indonesian chain is confirmed.

The Hacker Newsupdated Sep 11, 12:14 UTC · 5d agofirst Sep 10, 11:33 UTC · 6d agoMalware in the wild 3 sources1

Hackers Clone Banking Apps Into Hidden Android Work Profiles to Evade Fraud Detection

GoldFactory-linked Gigabud and Vwork malware clone banking apps into hidden Android work profiles to evade fraud detection across 11+ countries.

Group-IB links Vwork, a modified version of the open-source Shelter app cloner, to the GoldFactory group and its Gigabud Android RAT, which clones victim banking apps into an isolated work profile so fraud sessions look clean to banks. From February through July 2026, researchers observed about 1,469 compromised devices and 1,281 potentially compromised logins in Indonesia, with estimated losses near $960,939. Targets span Brazil, Colombia, Egypt, Indonesia, Mexico, Morocco, the Philippines, Thailand, Türkiye, Laos, and a GCC state; delivery uses fake airline, tax, government, and banking apps pushed via phishing sites, messaging apps, and social media.

Cyber Security NewsSep 9, 13:11 UTC · 7d agoMalware in the wild1

GoldFactory Weaponizes Open-Source Vwork App Cloner in Gigabud Banking Malware Attacks

Group-IB says GoldFactory's Gigabud Android trojan uses Vwork, a weaponized Shelter fork, to clone banking apps into isolated Work Profiles and evade bank-side detection.

Group-IB's 'Hook for Gold' investigation found GoldFactory ships Vwork, a modified fork of the open-source Shelter app, alongside its Gigabud Android banking trojan, active since 2022. Vwork abuses Android Work Profile provisioning to clone banking apps into an isolated environment, weakening the link between detected malware signals and fraudulent transactions. Gigabud has targeted victims in Southeast Asia, Latin America, the Middle East, Africa, and beyond via fake airline, tax, and government apps requesting Accessibility and overlay permissions. In Indonesia, telemetry recorded about 1,469 compromised devices and roughly $960,939 in estimated losses between February and July 2026.

GBHackersSep 9, 10:49 UTC · 7d agoMalware in the wild

US, Britain to coordinate on scam center takedowns

The US and UK signed an MOU to jointly investigate Southeast Asian scam compounds behind fraud that stole over $12 billion from Americans last year.

The DOJ and UK's National Crime Agency and Crown Prosecutor signed a memorandum of understanding on Thursday for parallel investigations and information sharing on scam centers, largely run by Chinese gangs using human trafficking victims in compounds across Myanmar, Cambodia, and Laos. The Scam Center Strike Force, with more than 150 personnel from the FBI, IRS, and US Postal Inspection Service, leads the effort; the FBI says cyber-enabled fraud accounted for almost 85% of reported losses, with over $12 billion stolen from Americans last year. An in-person disruption event with private industry partners is planned in London in early October. The initiative follows sanctions on Prince Group and a roughly $15 billion bitcoin seizure linked to its CEO Chen Zhi.

The RecordSep 4, 15:42 UTC · 12d agoPolicy & legal

Appears with

product Shelter 3 malware Gigabud 3 malware Vwork 3 vendor Group-IB 3 threat actor GoldFactory 3 product Gigabud 2 product Vwork 2 product Android 2 organization Scam Center Strike Force 1 organization TRM Labs 1 organization U.S. Department of Justice 1 organization US Treasury Department 1 organization Xinbi Guarantee 1 product Ethereum 1 product Telegram 1 product Tether (USDT) 1

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