Man hacked 200 firms & sold data of millions of users on dark web

By Waqas
Grant West, a cunning hacker who goes by the online
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Bitcoin hype pushes hackers to stash their money in lesser-known cryptocurrencies

Cybercriminals are increasingly moving away from bitcoin as their preferred digital currency in favor of lesser-known cryptocurrencies because of prolonged transaction delays, surging transaction costs and general market volatility, experts tell CyberScoop. Although cybercriminals have been slowly moving away from bitcoin for months, researchers say a noticeable shift towards alternative coins — such as Monero, Dash and ZCash — occurred when bitcoin’s value skyrocketed over $19,000 for one bitcoin in mid-December. The price has drastically fluctuated between $12,000 and roughly $19,000 since then. “Many cybercriminals emulate the operational best practices of legitimate businesses in order to minimize their overhead costs and maximize returns, and in the case of high transaction costs with bitcoin, it makes perfect sense to look at other coins with smaller overheads,” said Richard Henderson, a global security strategist with endpoint cybersecurity firm Absolute. Experts say this shift does not necessarily mean that criminals’ attention is fading from bitcoin, […]

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Weekly Cyber Risk Roundup: More Payment Card Breaches and Dark Web Arrests

Payment card breaches were back in the news again this week as Forever 21 announced that it is investigating a point-of-sale breach (POS) at some of its stores, and several other organizations issued breach announcements related to stolen payment card … Continue reading Weekly Cyber Risk Roundup: More Payment Card Breaches and Dark Web Arrests

Unexplained cyberattacks sow chaos among dark web markets

A three-week long wave of cyberattacks against several popular dark web marketplaces has left the notorious underground e-commerce economy drenched in uncertainty and wondering if, like earlier this year, this is a prelude another round of arrests. Just two months after police brought down a slew of the most well-known dark web markets, those left standing can’t quite figure out — nor defeat — who has been behind a three-week long denial-of-service offensive that’s knocked their sites offline. As if looking to further stoke fear and uncertainty, Deputy Attorney General Rod Rosenstein recently spoke in Washington, D.C. on how the Department of Justice is continuing to target crime on the dark web. Deputy AG Rosenstein said today the DOJ is focusing in on dark net markets. pic.twitter.com/Ms4kvMdmAK — Patrick O’Neill (@HowellONeill) October 25, 2017 Paranoia haunts the mood of those who remain as many wait for the next looming law enforcement sting. Those actions have sown a deep distrust […]

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The business models behind ATM malware empires

The criminal gangs behind the world’s most successful ATM malware attacks run their million-dollar empires like cutthroat business executives, according to newly published research from the European Union law enforcement agency Europol and the cybersecurity firm Trend Micro. In the last decade, organized crime groups originating mostly from two hotspots, Latin America and Eastern Europe, have waged an effective and evolving war against the cash-filled boxes that are the cornerstone of more than $10 billion in annual withdrawals, the researchers say. Some syndicates hold onto their malware for exclusive use, while others resell to smaller gangs willing to do the physical legwork. A single weekend’s spree can result in thousands or millions of dollars in stolen cash. Hackers execute physical and network-based attacks against ATMs to steal money from both banks and customers in campaigns that can take years to sniff out. Analyzing a decade’s worth of ATM hacking, the researchers focused on business models that […]

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WannaCry Hero Arrested, One of Two Charged with Distribution of Kronos Malware

Marcus Hutchins, aka MalwareTech the WannaCry hero, was arrested and charged with another unnamed individual with creating and distributing the Kronos banking malware. Continue reading WannaCry Hero Arrested, One of Two Charged with Distribution of Kronos Malware