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Nearly half (49%) of cybersecurity professionals citied digital business transformation issues as the top factor driving an increase in cybersecurity costs, according to a survey conducted by Dimensional Research on behalf of Deepwatch, a provider of managed detection and response services.
Ukrainian authorities arrested the members of a cybercrime gang who ran 20 cryptocurrency exchanges involved in money laundering. Police in Ukraine announced the arrest of the members of a cybercrime gang composed of three individuals who ran 20 cryptocurrency exchanges used in money laundering activities.
Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. This revolutionized the cybercrime landscape, making it easier for people with minimal technical skills to commit ransomware attacks.
The increased reliance on decentralized connection and the continued rapid expansion of digitaltransformation by enterprises, small to medium-sized businesses (SMBs) and individuals, provided cybercriminals with many opportunities to exploit and capitalize on unsuspecting businesses and individuals. Cryptocurrency.
After Russia started invading Ukraine, the Ukrainian Minister for DigitalTransformation Mykhaylo Fedorov called to action against Russia attempting to create an “IT Army,” composed of volunteers, to launch a massive offensive against Russia. ” continues the report. The collected data is sent to a remote IP address (95[.]142[.]46[.]35)
In what was a record year for cybercrime, we also saw a record year for investments and mergers and acquisitions. Cryptocurrency and Blockchain Emergence - Cybersecurity will play an important role in cryptocurrency's mainstream adoption.
They have slowly turned into an extension of ourselves, encompassing large volumes of information that in the end make up our real-life and digital selves.
The Radar/Dispossessor operation was disrupted by the FBI in August 2024, and German authorities seized 47 cryptocurrency exchanges linked to ransomware laundering. The proliferation of large language models (LLMs) tailored for cybercrime will further amplify ransomware’s reach and impact.
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