Security – Page 46

International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis

In collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis. US Authorities Seized Over $454,000 Worth of Cryptocurrencies Per the U.S. Department of Justice’s announcement, the coordinated action took […]

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Study: 60% of Digital Asset Holders Store Funds on Exchanges While Half Derive an Income From Crypto

Despite the risks that come with storing crypto assets with third parties, the findings of a new study suggest many cryptocurrency holders still trust exchanges with the safekeeping of their funds. Conducted by Binance Research, the study finds that 60% of “the general population store their cryptocurrencies on an exchange.” In contrast, 26% of the […]

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Network-Attached Storage (NAS) Devices Infected by Bitcoin-Mining Malware

Taiwanese File Storage Provider Warns of a Cryptojacking Campaign Against Their Devices

A Taiwanese hardware company has warned its clients about a targeted crypto mining attack against their storage devices. The malware infects NAS devices connected to the internet by installing a crypto-miner named Dovecat. Threat Actors Install Malware That Illicitly Mines Bitcoin According to the advisory revealed by Bleeping Computer, the malware mines bitcoin (BTC) on […]

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Former UK Cyber Intelligence Official Pushes for Law Change to Stop Bitcoin Ransomware Payments

Former UK Cyber Intelligence Official Urges for Law Change to Stop Bitcoin Payouts in Ransomware Incidents

A former U.K. cybersecurity chief has raised concerns that ransomware incidents are close to “getting out of control.” Ciaran Martin has also called for laws to prevent people from paying bitcoin to cybercriminals. Former Official Claims Most of the Cybercriminals Are Based in Russia During an interview with The Guardian, Martin, who was the head […]

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A ‘token’ gift: The US SEC giveth and taketh away

While we would be remiss not to laud the SEC’s statement as a step in the right direction, the shortcomings are inescapable.

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California Man Loses $27,000 in Bitcoin After Falling Prey to Crypto Scammers

Californian Man Loses $27,000 in Bitcoin After Falling Prey to SIM Swapping Crypto Scammers

In Daly City, California, authorities are investigating a crypto scam incident where a man lost $27,000 worth of bitcoin. A 48-year-old man claimed the scammers tricked him into giving them the keys to his wallet. Scammer Impersonated a Crypto Wallet Hardware Firm Ledger Representative Per KTVU FOX 2, the unnamed victim received a text message […]

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DDoS Attackers Return With Massive Extortion Campaigns in the Wake of Bitcoin Prices Surging

Threat actors have been finding opportunities in bitcoin’s bullish trend to increase their extortion campaigns. Hackers are actively threatening companies with DDoS attacks unless they pay for bitcoin ransoms. Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands According to an alert issued by security firm Radware, there have been several reports between December […]