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Blockchain & Fraud Prevention: Strategies to overcome the cryptocurrency scam

Quick Heal Antivirus

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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LockBit ransomware strikes Foxconn Electronics of Mexico

CyberSecurity Insiders

Foxconn, an electronics manufacturer from Mexico, has released a press statement that it was hit by Lockbit ransomware in the last week of May and is recovering data through a business continuity plan. NOTE 1- Lockbit usually demands a ransom in double-digit figures of millions and that too in Bitcoins cryptocurrency.

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Man sentenced to six years in prison for stealing millions in cryptocurrency via SIM swapping

Security Affairs

Daniel James Junk (22) of Portland was sentenced to 72 months in federal prison for his role in a scheme that resulted in the theft of millions of dollars of cryptocurrency using a SIM swapping. Once hijacked a SIM, the attacker can steal money, cryptocurrencies and personal information, including contacts synced with online accounts.

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Europol arrested cryptocurrency scammers that stole millions from victims

Security Affairs

An international police operation led by Europol led to the arrest of cryptocurrency scammers targeting users all over the world. “The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment opportunities in cryptocurrencies.”

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Lazarus APT Targeting Cryptocurrency, CISA Warns

SecureWorld News

Treasury Department warning of a North Korean state-sponsored advanced persistent threat (APT) known as the Lazarus Group targeting cryptocurrency and blockchain companies. The threat actors use social engineering to encourage individuals to download trojanized cryptocurrency applications on Windows or macOS operating systems.

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Norton 360 Now Comes With a Cryptominer

Krebs on Security

Norton 360 , one of the most popular antivirus products on the market today, has installed a cryptocurrency mining program on its customers’ computers. According to the FAQ posted on its site , “ Norton Crypto ” will mine Ethereum (ETH) cryptocurrency while the customer’s computer is idle.

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U.S. and Australian police arrested Firebird RAT author and operator

Security Affairs

The Australian man faces twelve counts of computer offenses. The RAT allowed customers to access and control their victims’ computers remotely, its author advertised its stealing capabilities. “ According to the indictment, Chakhmakhchyan engaged in electronic communication with buyers after advertising the Hive RAT. .