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Greek police arrested a man running the BTC-e Bitcoin exchange to launder more than US$4bn worth of the Bitcoin

Greek Police arrested a Russian man and accused him of running the BTC-e Bitcoin exchange to launder more than US$4bn worth of the cryptocurrency. Greek Police have arrested the Russian national Alexander Vinnik (38) and they accuse the man of running the BTC-e Bitcoin exchange to launder more than US$4bn worth of the cryptocurrency. The police seized two la
Publish At:2017-07-28 04:35 | Read:3592 | Comments:0 | Tags:Breaking News Cyber Crime Bitcoin BTC-e Bitcoin exchange Mt.

After AlphaBay’s Demise, Customers Flocked to Dark Market Run by Dutch Police

Earlier this month, news broke that authorities had seized the Dark Web marketplace AlphaBay, an online black market that peddled everything from heroin to stolen identity and credit card data. But it wasn’t until today, when the U.S. Justice Department held a press conference to detail the AlphaBay takedown that the other shoe dropped: Police in The N
Publish At:2017-07-21 06:30 | Read:4085 | Comments:0 | Tags:Other Alexandre Cazes AlphaBay Andrew McCabe Bitcoin dark ma

Is Blockchain the Key to Stopping Ransomware Attacks?

We all remember the devastating WannaCry ransomware attack that struck organizations around the world in May 2017. The attack spread at a rate of almost 3,600 computers per hour, or about one per second. When all was said and done, the ransomware infected more than 300,000 devices. Many victims simply paid the ransom to retrieve their locked files. This only
Publish At:2017-07-13 23:10 | Read:3792 | Comments:0 | Tags:Fraud Protection Best Practices Bitcoin Blockchain Cryptocur

Bithumb, the fourth largest Bitcoin exchange has been hacked

Bithumb, one of the world’s largest Bitcoin and Ether crypto currencies exchanges, has been hacked. Over $1 Million worth Bitcoin and Ether stolen. Bithumb, one of the world’s largest Bitcoin and Ether crypto currencies exchanges, has been hacked. The hackers have stolen more than $1 Million in crypto currencies from the accounts of several users
Publish At:2017-07-05 13:45 | Read:4013 | Comments:0 | Tags:Breaking News Cyber Crime Data Breach Hacking Bitcoin Bithum

‘Petya’ Ransomware Outbreak Goes Global

A new strain of ransomware dubbed “Petya” is worming its way around the world with alarming speed. The malware is spreading using a vulnerability in Microsoft Windows that the software giant patched in March 2017 — the same bug that was exploited by the recent and prolific WannaCry ransomware strain. The ransom note that gets displayed on s
Publish At:2017-06-28 06:00 | Read:3272 | Comments:0 | Tags:Other Bitcoin DLA Piper Eternal Blue Group-IB ICSI ISACA Leg

Funny Money: Exploring the Connection Between Bitcoin and Ransomware

After the WannaCry attack, no fewer than five threat research companies pounced on the fact that the ransomers were demanding to be paid in bitcoin. However, they completely glossed over the concept behind the malware itself. Within days, theorists came out of the woodwork to characterize the attack as some kind of subtle terrorist or government-backed opera
Publish At:2017-06-27 20:30 | Read:3793 | Comments:0 | Tags:Data Protection Fraud Protection Bitcoin Black Market Crypto

Following the Money Hobbled vDOS Attack-for-Hire Service

A new report proves the value of following the money in the fight against dodgy cybercrime services known as “booters” or “stressers” — virtual hired muscle that can be rented to knock nearly any website offline. Last fall, two 18-year-old Israeli men were arrested for allegedly running vDOS, perhaps the most successful booter s
Publish At:2017-06-06 18:20 | Read:3914 | Comments:0 | Tags:Other attack years Bitcoin booter Hackforums New York Univer

WannaCry Ransomware Spreads Across the Globe, Makes Organizations Wanna Cry About Microsoft Vulnerability

On Friday, May 12, 2017, the world was alarmed to discover that cybercrime had achieved a new record. In a widespread ransomware attack that hit organizations in more than 100 countries within the span of 48 hours, the operators of malware known as WannaCry/WanaCrypt0r 2.0 are believed to have caused the biggest attack of its kind ever recorded. Perhaps more
Publish At:2017-05-14 19:35 | Read:6827 | Comments:0 | Tags:Advanced Threats Fraud Protection Incident Response Malware

Global ‘Wana’ Ransomware Outbreak Earned Perpetrators $26,000 So Far

As thousands of organizations work to contain and clean up the mess from this week’s devastating Wana ransomware attack, the fraudsters responsible for releasing the digital contagion are no doubt counting their earnings and congratulating themselves on a job well done. But according to a review of the Bitcoin addresses hard-coded into Wana, it appears
Publish At:2017-05-14 10:40 | Read:4540 | Comments:0 | Tags:Other Bitcoin Redsocks San Diego Stefan Savage University of

Why Blockchain-as-a-Service Should Be on Your Radar

Blockchain news is seemingly everywhere these days, and for good reason. The technology behind bitcoin holds a lot of promise for all sorts of use cases — some of them having nothing to do with digital payments. Over the course of last year, a lot of ideas regarding the technology were tried out, but “during 2017, many of them will be discarded,̶
Publish At:2017-03-24 11:20 | Read:5970 | Comments:0 | Tags:Application Security Banking & Financial Services Bitcoin Bl

Enterprise Intelligence Brief: Three Experts Discuss Blockchain in Cybersecurity

There is much chatter about blockchain and how it could impact the way we do business today. Arvind Krishna, senior vice president at IBM Research, said that “over the past two decades, the internet has revolutionized many aspects of business and society … Blockchain could bring to those processes the openness and efficiency we have come to expec
Publish At:2017-03-14 11:25 | Read:7023 | Comments:0 | Tags:Fraud Protection Identity & Access Authentication Bitcoin Bl

Ransomware Attack Leads LA School to Fork Over $28K in Ransom

A school located in Los Angeles County, California has paid computer criminals 28,000 USD after it suffered a ransomware attack.Officials at Los Angeles Valley College (LAVC) came to the decision after a ransomware infection left them with no way to recover their organization’s encrypted data.As the school explains in an update (PDF):“In consulta
Publish At:2017-01-10 17:20 | Read:6071 | Comments:0 | Tags:Latest Security News Bitcoin decryption insurance LAVC ranso

Unprotected MongoDB Databases Wiped and Held for Ransom by Attacker

An attacker is obtaining access to unprotected MongoDB databases, stealing and erasing their content, and holding them for ransom.On 27 December, security researcher Victor Gevers came across a MongoDB server that was open to external connections and that lacked a password on its admin account.This database didn’t contain a lot of information. In fact,
Publish At:2017-01-05 03:17 | Read:6257 | Comments:0 | Tags:Latest Security News Bitcoin data breach Harak1r1 MongoDB Vi

Regulators Want In on the Blockchain Party in 2017

Financial institutions, real estate brokers, law firms and other organizations with an interest in trust-based transactions will be swarming blockchain in 2017, and you can bet regulators will be right behind them. The end of 2016 marks blockchain’s evolution from niche curiosity to corporate up-and-comer as institutions seek ways to benefit from reduc
Publish At:2016-12-21 11:45 | Read:6077 | Comments:0 | Tags:Banking & Financial Services Fraud Protection Bitcoin Blockc

Zcash, or the return of malicious miners

On 28 October, the cryptocurrency world saw the emergence of a new player, the Zcash (ZEC) cryptocurrency. Its developers have described it rather figuratively: “If Bitcoin is like HTTP for money, Zcash is HTTPS.” They continue by noting that “unlike Bitcoin, Zcash transactions can be shielded to hide the sender, the recipient and value of
Publish At:2016-12-12 05:30 | Read:5816 | Comments:0 | Tags:Blog Research Bitcoin Cryptocurrencies

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