May 23, 2024 By Bill Toulas
Microsoft has published a "Cyber Signals" report sharing new information about the hacking group Storm-0539 and a sharp rise in gift card theft as we approach the Memorial Day holiday in the United States.
The FBI previously warned about Storm-0539's (aka "Ant Lion") activities earlier this month, highlighting the threat group's advanced techniques in conducting gift card theft and fraud, stating that their tactics resemble state-sponsored hackers and sophisticated cyberespionage actors.
Microsoft warns that the threat actors increase their activity before a major holiday, seeing a 60% increase in Storm-0539 activity during last year's winter holidays (Christmas) and a notable 30% rise between March and May 2024.
