Dutch University set to recover more than twice the paid BTC ransom in 2019
The university reluctantly paid €200,000 in Bitcoin in December 2019 to avoid losing critical research data and resources. Go to Source Powered by WPeMatico
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Infamous North Korean hacker group identified as suspect for $100M Harmony attack
A new report suggests that a notorious North Korea-affiliated hacking group may be behind last week’s $100 million Harmony attack. Go to Source Powered by WPeMatico
Crypto market crash wipes out millions from North Korea’s stolen crypto funds
While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. Go to Source Powered by WPeMatico
Chainalysis launches reporting service for businesses targeted in crypto-related cyberattacks
The firm said it was starting a ‘Crypto Incident Response’ hotline to “help bring bad actors to justice and demonstrate that crypto is not the asset class of anonymity and crime.” Go to Source Powered by WPeMatico
Chainalysis exec touts blockchain analysis to Senate homeland security committee
Three experts from the private sector appeared before the Senate committee Tuesday to talk about ransomware attacks and how to combat them. Go to Source Powered by WPeMatico
Anonymous Hackers Claim to Have Breached Russian Payment Service Provider Qiwi
A hacking group linked to the Anonymous collective has allegedly hit the popular Russian payment processor Qiwi. Network Battalion 65 announced on social media it had managed to gain access to the platform’s databases — a claim the company has denied. Anonymous Affiliate Hacks Russian Payment System Qiwi Hackers from Network Battalion 65 (NB65), a … Read more
Blockchain and crypto can be a boon for tracking financial crimes
The notion of crypto being a tool for money laundering is often propagated by naysayers that include policymakers with a stake in the traditional financial system. Go to Source Powered by WPeMatico
AUSTRAC releases 2 new guides to help spot illicit crypto use
AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.” Go to Source Powered by WPeMatico
Monero crypto of choice as ransomware ‘double extortion’ attacks increase 500%
A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment as more criminal groups want only XMR. Go to Source Powered by WPeMatico
Agent Smith says Secret Service seized $102M in crypto in 254 cases since 2015
The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases. Go to Source Powered by WPeMatico
