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Russian cybercrime forums launch contests for cryptocurrency hacks

Security Affairs

Cybercriminals in Russian underground forums have been invited to take part in competitions for hacking cryptocurrency and NFT. Several Russian underground forums have launched competitions for hacking cryptocurrency schema and Non-fungible token (NFT). SecurityAffairs – hacking, cryptocurrency hack). Pierluigi Paganini.

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Moldovan citizen sentenced in connection with the E-Root cybercrime marketplace case

Security Affairs

US DoJ sentenced a Moldovan national (31) to 42 months in federal prison for operating the E-Root cybercrime marketplace. Diaconu was operating the E-Root cybercrime marketplace. ” The marketplace allowed buyers to pay using cryptocurrency exchange and online payment system Perfect Money.

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Cryptocurrency Attacks to be Aware of in 2021

Digital Shadows

It’s been a pretty big year so far for cryptocurrency. After it reached an all-time high in April 2021, new. The post Cryptocurrency Attacks to be Aware of in 2021 first appeared on Digital Shadows.

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FBI: Investment Scams Surpass BEC as Most Costly Cybercrime

SecureWorld News

Alright, how many of you saw a cryptocurrency ad on TV in 2022? Now the important question: how many of you got scammed in some sort of way by cryptocurrency or another type of investment? The report shows that phishing schemes were the most common type of cybercrime reported by victims in 2022, with 300,497 complaints.

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Hacking for Dollars: North Korean Cybercrime

Security Boulevard

In mid-February 2021, the Department of Justice shared the content of what had been a sealed indictment charging three North Korean (DPRK) hacking “operatives” with a plethora of cybercrimes, including “cyber heists and extortion schemes, targeting both traditional and cryptocurrencies.” Assistant Attorney General John C.

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Florida man sentenced to prison for SIM Swapping conspiracy that led to theft of $1M in cryptocurrency

Security Affairs

A man from Orlando was sentenced to prison for SIM Swapping conspiracy that led to the theft of approximately $1M in cryptocurrency. The man was sentenced for his role in a hacking scheme that led to the theft of approximately $1M worth of cryptocurrency from dozens of victims. ” reads the press release published by DoJ.

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FBI: $43 billion in losses are due to Business Email Compromise fraud between 2016 and 2021

Tech Republic Security

BEC is a growing type of cybercrime that generates billions in losses every year. It also involves cryptocurrency more and more, providing an additional layer of anonymity to the cybercriminals. The post FBI: $43 billion in losses are due to Business Email Compromise fraud between 2016 and 2021 appeared first on TechRepublic.