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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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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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On the Dangers of Cryptocurrencies and the Uselessness of Blockchain

Schneier on Security

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.

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Incognito Darknet Market Mass-Extorts Buyers, Sellers

Krebs on Security

Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000. “And yes, this is an extortion!!!! .”

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Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast

Security Boulevard

Ben is disappointed: FBI reports huge rise in cryptocurrency investment scams. The post Scams Lost US $10 BILLION in 2022 — Crypto Fraud Grows Fast appeared first on Security Boulevard. Why am I not surprised?

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A New Ransomware Scam: Fraud by the Incident Responders

Security Boulevard

In February 2018, Oxford Biomedica, a large biological research company in Oxford, UK, was hit by a ransomware attack. The post A New Ransomware Scam: Fraud by the Incident Responders appeared first on Security Boulevard. The hackers were demanding more than £300,000 in ransom.

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Conti Ransomware Group Diaries, Part IV: Cryptocrime

Krebs on Security

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.