Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware Case

Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware CaseCanada’s police have seized bitcoin worth more than $28 million from a former government employee who has been extradited to the U.S. to “face charges for dozens of ransomware attacks resulting in the payment of tens of millions of dollars in ransoms.” Canadian Authority Seizes Bitcoin Worth $28 Million The U.S. Department of Justice (DOJ) […]

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Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024

Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024Gartner, an advisory firm, has predicted that criminal cryptocurrency transactions or transfers will fall by 30% by 2024. The firm says factors such as the transparency of the blockchain, as well as the democratization of fraud prevention tools, will contribute to this decline in such transactions. Blockchain Transparency Despite the surge in the value of […]

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South Africa Ransomware Attack: Justice Department Denies Receiving 50 BTC Ransom Demand

South Africa’s Department of Justice and Constitutional Development (DOJCD) has denied claims that it has received a 50 bitcoin ransom demand from hackers that attacked its systems on September 6, 2021. Reports of Ransom Demand Deemed ‘Completely Untrue’ Instead, the DOJCD insists that its tech experts, “industry partners and selected organs of state have been […]

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Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions

Biden Administration Expanding Cryptocurrency Analysis to Find Criminal TransactionsThe U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,” said a spokesperson for the White House. US Government to Expand Cryptocurrency Analysis The […]

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Report: Colonial Pipeline Paid $5M Worth in Crypto to Ransomware Gang, Restarts Services

Colonial Pipeline Paid $5M Worth in Cryptocurrencies to Ransomware Gang, Restarts ServicesThe global oil market was shaken by news from the United States as a ransomware attack hit the largest oil infrastructure operation in the country. A recent report claims hackers asked Colonial Pipeline to pay for an undisclosed amount in ransom to unlock the firm’s system – a demand the company allegedly fulfilled. Darkside Gang […]

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FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto Ransoms

FBI Warns Ransomware Gangs Are Harassing Victims via Telephone Calls to Pay Crypto RansomsThe U.S. Federal Bureau of Investigation (FBI) has released an alert that warns private industry in the country about incidents of harassment of victims made by ransomware gangs, such as the well-known Doppelpaymer group. FBI Is Aware of Cold-Calling Tactics by Ransomware Gangs According to a PIN (private industry notification) alert regularly sent to U.S. […]

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Hackers Demand Over 1,800 BTC From Electronics Giant Foxconn After Ransomware Attack

Hackers Demand Over 1,800 BTC From Electronics Giant Foxconn After Ransomware AttackA multinational electronic giant and a well-known manufacturer of Apple products is the latest victim of a millionaire ransomware attack deployed over the Thanksgiving weekend on one of its branches. Apple’s Manufacturer Is the Latest Victim of Well-Known Ransomware Gang Foxconn, a publicly-traded Taiwanese company and one of the largest electronics manufacturing firms, suffered a […]

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Black Shadow Hackers Demand 200 BTC Ransom from Israeli Insurance Giant Shirbit

Black Shadow Hackers Demand 200 BTC Ransom from Israeli Insurance Giant ShirbitOne of the largest insurance companies in Israel has been hit by a ransomware attack, and the threat actors started to release sensitive data, as the firm doesn’t pay the requested ransom in bitcoin (BTC). Israel-Based Shirbit Still Refuses to Pay $3.8 Million Ransom According to The Jerusalem Post, the Black Shadow group is the […]

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US Government Moves to Regulate Cryptocurrencies After Attorney General Publishes Enforcement Framework

US Government Moves to Regulate Cryptocurrencies After Attorney General Publishes Enforcement FrameworkUnited States Attorney General (AG) William Barr says the recent publishing of the Cryptocurrency Enforcement Framework will help law enforcement to fight elements using digital currencies for illicit ends. Produced by the AG’s Cyber-Digital Task Force, the framework provides law enforcement with what Barr terms a “comprehensive overview of the emerging threats and enforcement challenges […]

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Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its Borders

Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its BordersThe government of Argentina has reportedly refused to pay a $4 million bitcoin ransom demanded by hackers who hijacked the country’s immigration systems, temporarily crippling cross-border movements. On Aug. 27, the cybercriminals – now identified as a group calling itself Netwalker – hacked Argentina’s immigration agency, Dirección Nacional de Migraciones, in an attack that halted […]

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