Schneier on Security

JUNE 24, 2022

Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Green writes: “I have no problem with the idea of legislators (intelligently) passing laws to regulate cryptocurrency. ” I have yet to see one.

Cryptocurrency 364

Cryptocurrency Technology Scams Government 364

The Hacker News

JUNE 15, 2023

Ransomware actors and cryptocurrency scammers have joined nation-state actors in abusing cloud mining services to launder digital assets, new findings reveal.

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Cryptocurrency Ransomware 87

Schneier on Security

MAY 14, 2021

Modern ransomware has two dimensions: pay to get your data back, and pay not to have your data dumped on the Internet. The Colonial Pipeline is another current high-profile ransomware victim. Ransomware has become the most profitable cybercrime business model, and until we solve those two problems, that’s not going to change.

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Ransomware Cryptocurrency Cybercrime Internet 319

CyberSecurity Insiders

OCTOBER 8, 2021

After the ransomware attack on JBS Meat and Colonial Pipeline, the law enforcement authorities of United States have taken a resolution to curb ransomware payments. The post US forms a National Cryptocurrency Enforcement Team to curb ransomware payments appeared first on Cybersecurity Insiders.

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Cryptocurrency Ransomware Cybersecurity 125

CyberSecurity Insiders

MARCH 10, 2022

But here’s a news piece that gives details of a ransomware group that paid $6 million in salaries last year and even tried to develop its cryptocurrency. Conti Ransomware group is the hacking group in discussion and is reported to have been led by an individual code named ‘Stern’.

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Cryptocurrency Ransomware Banking Hacking 119

Bleeping Computer

SEPTEMBER 21, 2021

The US Treasury Department announced the first-ever sanctions against a cryptocurrency exchange, the Russian-linked Suex, for facilitating ransom transactions for ransomware gangs and helping them evade sanctions. [.].

Cryptocurrency 105

Cryptocurrency Ransomware 105

Krebs on Security

MAY 14, 2021

The DarkSide ransomware affiliate program responsible for the six-day outage at Colonial Pipeline this week that led to fuel shortages and price spikes across the country is running for the hills. The DarkSide message includes passages apparently penned by a leader of the REvil ransomware-as-a-service platform.

Ransomware 364

Ransomware Cryptocurrency Cybercrime Healthcare 364

CSO Magazine

SEPTEMBER 21, 2021

The Biden administration has introduced new sanctions against cryptocurrency exchange Suex to stifle revenue for ransomware groups. Suex, which has been accused by US officials of doing business with ransomware actors in the past, has had its access to US markets cut off as a result.

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Cryptocurrency Ransomware CSO Marketing 125

Bleeping Computer

FEBRUARY 23, 2024

The LockBit ransomware gang received more than $125 million in ransom payments over the past 18 months, according to the analysis of hundreds of cryptocurrency wallets associated with the operation. [.]

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Ransomware Cryptocurrency 127

Krebs on Security

FEBRUARY 20, 2024

authorities have seized the darknet websites run by LockBit , a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. LockBit members have executed attacks against thousands of victims in the United States and around the world, according to the U.S.

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Ransomware Cybercrime Encryption Insurance 270

Joseph Steinberg

JUNE 9, 2021

According to the FBI, it has successfully seized most of the Bitcoin ransom paid by Colonial Pipeline to “Darkside” criminals after the highly publicized ransomware attack that led to recent gas shortages in multiple US States.

Cryptocurrency 348

Cryptocurrency Artificial Intelligence Government Banking 348

CyberSecurity Insiders

MAY 2, 2023

FBI officials have released an official statement that they have seized the servers operating in United States, Ukraine and France linked to about 9 cryptocurrency exchange websites that supported cyber criminals in their actions by indulging in money laundering and exchange of fiat currency in crypto.

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Cryptocurrency Banking Ransomware Accountability 79

The Hacker News

MARCH 20, 2024

Multiple threat actors are exploiting the recently disclosed security flaws in JetBrains TeamCity software to deploy ransomware, cryptocurrency miners, Cobalt Strike beacons, and a Golang-based remote access trojan called Spark RAT. The attacks entail the exploitation of CVE-2024-27198 (CVSS score: 9.8)

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Ransomware Cryptocurrency Authentication Software 116

Krebs on Security

MARCH 7, 2022

Three stories here last week pored over several years’ worth of internal chat records stolen from the Conti ransomware group, the most profitable ransomware gang in operation today. This final post on the Conti conversations explores different schemes that Conti pursued to invest in and steal cryptocurrencies.

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Ransomware Cryptocurrency DDOS Scams 214

Bleeping Computer

MAY 2, 2023

The FBI and Ukrainian police have seized nine cryptocurrency exchange websites that facilitated money laundering for scammers and cybercriminals, including ransomware actors. [.]

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Ransomware Cryptocurrency 140

SC Magazine

JUNE 28, 2021

A technician inspects the backside of a cryptocurrency mining farm in Saint Hyacinthe, Quebec. Cryptocurrency is famously anonymous, but evading capture is not the only reason cryptocurrency is the go-to payment solution for ransomware. First, understanding the role of cryptocurrency in ransomware.

Cryptocurrency 92

Cryptocurrency Ransomware Banking Cybercrime 92

Webroot

MAY 4, 2021

Typically, when cryptocurrency values change, one would expect to see changes in crypto-related cybercrime. But that doesn’t necessarily mean you’ll see big spikes in ransomware or cryptojacking. As we see cryptocurrency values rise and fall, how should we interpret shifts in the threats we can expect to see?

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Cryptocurrency Cybercrime Marketing Scams 142

Bleeping Computer

DECEMBER 7, 2023

Russian national Anatoly Legkodymov pleaded guilty to operating the Bitzlato cryptocurrency exchange that helped ransomware gangs and other cybercriminals launder over $700 million. [.]

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Ransomware Cryptocurrency 101

Heimadal Security

SEPTEMBER 22, 2021

Treasury Department announced that for the first time, it will take action against a digital currency exchange, SUEX OTC, that allegedly played a role in facilitating financial transactions for ransomware attackers.

Cryptocurrency 83

Cryptocurrency Ransomware Cybersecurity 83

Security Affairs

JANUARY 2, 2022

North Korea-linked threat actors are behind some of the largest cyberattacks against cryptocurrency exchanges. North Korea-linked APT groups are suspected to be behind some of the largest cyberattacks against cryptocurrency exchanges. billion (2 trillion won) worth of cryptocurrency from multiple exchanges during the past five years.

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Cryptocurrency Cybercrime Media Government 133

SecureList

JUNE 12, 2023

Introduction Stealing cryptocurrencies is nothing new. Attackers such as those behind the Coinvault ransomware were after your Bitcoin wallets , too. Since then, stealing cryptocurrencies has continued to occupy cybercriminals. For example, the Mt. Gox exchange was robbed of many bitcoins back in the beginning of 2010s.

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Cryptocurrency Encryption Malware Ransomware 79

Malwarebytes

SEPTEMBER 19, 2023

The German police in cooperation with the US Secret Service have executed search warrants against suspected members of the DoppelPaymer ransomware group in Germany and Ukraine. Cryptocurrency investigators use specialized strategies to track down criminals. Although cryptocurrency is anonymous, that doesn't mean it's untraceable.

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Ransomware Backups Cryptocurrency Cybercrime 121

Bleeping Computer

NOVEMBER 6, 2023

Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Russian national Ekaterina Zhdanova for laundering millions in cryptocurrency for various individuals, including ransomware actors. [.]

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Ransomware Cryptocurrency 99

SC Magazine

JUNE 28, 2021

A technician inspects the backside of a cryptocurrency mining farm in Saint Hyacinthe, Quebec. Cryptocurrency is famously anonymous, but evading capture is not the only reason cryptocurrency is the go-to payment solution for ransomware. First, understanding the role of cryptocurrency in ransomware.

Cryptocurrency 69

Cryptocurrency Ransomware Banking Cybercrime 69

Security Boulevard

AUGUST 2, 2022

Current threat actor activity is incentivized by a broad attack surface represented through high volumes of users and systems, and high potential profits represented through the variety of cryptocurrency offerings. It is easy to detect and block things like malicious cryptocurrency apps or crypto-phishing websites.

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Cryptocurrency Ransomware Government Risk 98

Malwarebytes

DECEMBER 19, 2022

On June 7, 2021, the US Department of Justice announced a breakthrough : Less than one month after the oil and gas pipeline company Colonial Pipeline had paid its ransomware attackers roughly $4.4 Cryptocurrency is vital to modern cybercrime. But cryptocurrency has matured. million from the cybercriminals. Why is that?

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Cryptocurrency Cybercrime Ransomware Government 78

SecureWorld News

JULY 15, 2021

million worth of cryptocurrency for Colonial Pipeline following a ransomware attack that disrupted the company's operations. Detectives from the Met’s Economic Crime Command seized £180 million, or roughly $249 million, in cryptocurrency following intelligence received about the transfer of criminal assets. How did the U.K.

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Cryptocurrency Passwords Ransomware Cybercrime 98

Security Boulevard

JANUARY 20, 2024

The Crypto Launderers: Crime and Cryptocurrencies from the Dark Web to DeFi and Beyond - by David Carlisle I wish I had a way to review this book without having first read last year’s “Tracers in the Dark.” The post Book Review: The Crypto Launderers: Crime and CryptoCurrencies appeared first on Security Boulevard.

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Cryptocurrency Ransomware Education Marketing 64

Quick Heal Antivirus

SEPTEMBER 16, 2021

What is Cryptocurrency? Cryptocurrency is a type of digital currency that generally only exists electronically. The post Blockchain & Fraud Prevention: Strategies to overcome the cryptocurrency scam appeared first on Quick Heal Blog | Latest computer security news, tips, and advice. There is no.

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Cryptocurrency Scams Computers and Electronics Ransomware 124

Security Boulevard

JULY 25, 2023

The DOJ’s two-year-old National Cryptocurrency Enforcement Team (NCET) will merge with its Crime and Intellectual Property Section (CCIPS). The post DOJ Reorganizes Units to Better Fight Ransomware appeared first on Security Boulevard.

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Ransomware Cryptocurrency Malware Cybersecurity 98

Security Boulevard

JUNE 14, 2022

testimony on how ransomware attacks are impacting US companies, and the. The post HSGAC Hearing Recap: Ransomware Attacks and Ransom Payments Enabled by Cryptocurrency appeared first on Security Boulevard. During a recent HSGAC hearing, Coveware had the opportunity to provide. importance mandatory reporting.

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Cryptocurrency Ransomware 52

Malwarebytes

SEPTEMBER 6, 2023

Today's ransomware is the scourge of many organizations. If we define ransomware as malware that encrypts files to extort the owner of the system, then the first malware that could be classified as ransomware is the 1989 AIDS Trojan. But where did it start?

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Ransomware Encryption Cryptocurrency Backups 115

Security Affairs

MARCH 8, 2021

Experts warn of ongoing attacks targeting QNAP network-attached storage (NAS) devices to abuse them in cryptocurrency mining. Researchers at 360Netlab are warning of a cryptocurrency malware campaign targeting unpatched QNAP network-attached storage (NAS) devices. Unity is an XMRig cryptocurrency miner. and Quick.tar.gz.

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Cryptocurrency Firmware Malware Threat Detection 118

Security Affairs

DECEMBER 14, 2023

French police arrested a Russian national who is suspected of laundering money resulting from the criminal activity of the Hive ransomware gang. The French authorities arrested in Paris a Russian national who is suspected of laundering criminal proceeds for the Hive ransomware gang. anti-cybercrime (Ofac).”

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CyberSecurity Insiders

OCTOBER 3, 2022

Ferrari, the luxury car maker, was recently hit by a ransomware attack that apparently led to data leak that is now being posted online on an installment basis. NOTE 3- Because of a rise in ransomware attacks, the value of cryptocurrency such as Bitcoins and Monero has doubled and tripled in recent years. .

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Ransomware Cryptocurrency Encryption Accountability 125

Malwarebytes

JULY 14, 2023

Ransomware generates big money for the groups behind it, with new research confirming (some) of the scale of the problem. Chainalysis, a blockchain research firm, looked at data from monitored cryptocurrency wallets, concluding that around $449 million has been taken from victims in the last six months. What is big game hunting?

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Ransomware Cryptocurrency Backups Scams 82

The Hacker News

NOVEMBER 29, 2021

Threat actors are exploiting improperly-secured Google Cloud Platform (GCP) instances to download cryptocurrency mining software to the compromised systems as well as abusing its infrastructure to install ransomware, stage phishing campaigns, and even generate traffic to YouTube videos for view count manipulation.

Cryptocurrency 101

Cryptocurrency Accountability Phishing Ransomware 101