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How BRICS Got “Rug Pulled” – Cryptocurrency Counterfeiting is on the Rise

Security Affairs

Resecurity has identified an increasing trend of cryptocurrency counterfeiting, the experts found several tokens impersonating major brands, government organizations and national fiat currencies. Resecurity has identified an increasing trend of cryptocurrency counterfeiting.

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Could curtailing cryptocurrency calm cyber crime wave?

SC Magazine

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. It’s a tempting solution, proven out by traditional banks. Would it work?

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Fraudulent cryptocurrency investment apps are duping investors

Malwarebytes

Together with the Department of Homeland Security (DHS) and the Cybersecurity and Infrastructure Security Agency (CISA), the FBI has released a warning about cybercriminals creating fraudulent cryptocurrency investment apps in order to defraud cryptocurrency investors. Stay safe, everyone!

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Cold wallet, hot wallet, or empty wallet? What is the safest way to store cryptocurrency?

Malwarebytes

In August of 2021, a thief stole about $600 million in cryptocurrencies from The Poly Network. Slightly more than one week later, Japanese cryptocurrency exchange Liquid was hacked and lost $97 million worth of digital coins. Bank robbers. A cold wallet is a hardware wallet that is not connected to the internet.

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Wire Fraud Scam Upgraded with Bitcoin

Schneier on Security

The FBI has issued a bulletin describing a bitcoin variant of a wire fraud scam : As the agency describes it, the scammer will contact their victim and somehow convince them that they need to send money, either with promises of love, further riches, or by impersonating an actual institution like a bank or utility company.

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Godfather Android banking malware is on the rise

Malwarebytes

Researchers at Cyble Research & Intelligence Labs (CRIL) have found a new version of the Android banking Trojan called Godfather. Anubis was a widely used Android banking Trojan that lost popularity after its functionality got limited by Android updates and security vendors’ detection and prevention efforts.

Banking 93
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Reading the FBI IC3’s ‘2020 Internet Crime Report’

Security Affairs

The FBI’s Internet Crime Complaint Center has released its annual report, the 2020 Internet Crime Report , which includes data from 791,790 complaints of suspected cybercrimes. That identifying information was then used to establish a bank account to receive stolen BEC/EAC funds and then transferred to a cryptocurrency account.”

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