The U.S. Department of Justice has accused five individuals of targeting employees from various companies through phishing campaigns. The suspects allegedly used phishing text messages to obtain employee credentials and access their cryptocurrency accounts, resulting in millions of dollars in theft. The group, known as 'Scattered Spider,' has been linked to cyber attacks on major companies like Caesars Entertainment and MGM Resorts International. If convicted, the defendants could face lengthy prison sentences for wire fraud, conspiracy, and identity theft. Authorities warn of the increasing sophistication of phishing and hacking techniques, which can lead to significant financial losses. Recent incidents, including a Pepe holder losing $1.4 million to a phishing attack, highlight the growing threat of cyber fraud. Reports indicate a rise in phishing attacks, signaling a shift in tactics by cybercriminals away from traditional financial threats. Read more AI-generated news on: https://app.chaingpt.org/news