Collaborate Disseminate
$2.2 billion worth of cryptocurrency was stolen from various platforms in 2024, Chainalysis’ 2025 Crypto Crime Report has revealed. Of that sum, $1.34 billion was stolen by North Korea-affiliated hackers, across 47 hacking incidents (out of 303)…. Continue reading Cryptocurrency hackers stole $2.2 billion from platforms in 2024
A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which are physically located there. Continue reading How Cryptocurrency Turns to Cash in Russian Banks
As enforcement and attribution have improved, scammers are ditching static infrastructure and drawn-out schemes for shorter campaigns that use disposable assets.
The post Online scam cycles are getting shorter and more effective, Chainalysis finds appeared first on CyberScoop.
Continue reading Online scam cycles are getting shorter and more effective, Chainalysis finds
As the number of real (and fake) victims of ransomware gangs continues to rise, the number of ransomware payments is falling, along with the average ransom payment. The reasons behind this decrease are many: increased cyber resilience of organizations … Continue reading Ransomware operations are becoming less profitable
In November 2022, the password manager service LastPass disclosed a breach in which hackers stole password vaults containing both encrypted and plaintext data for more than 25 million users. Since then, a steady trickle of six-figure cryptocurrency heists targeting security-conscious people throughout the tech industry has led some security experts to conclude that crooks likely have succeeded at cracking open some of the stolen LastPass vaults. Continue reading Experts Fear Crooks are Cracking Keys Stolen in LastPass Breach
The agency’s crime-fighting unit will provide licenses and training for a Chainalysis platform to track Russian oligarch’s assets in Ukraine.
The post IRS gives Ukraine tools to expose Russian oligarchs hiding riches in crypto exchanges appeared first on CyberScoop.
Help Net Security is in Israel this week for Cybertech Tel Aviv 2023, talking to the key players from the cybersecurity industry and businesses from a wide range of sectors, who gathered to exchange knowledge, to network, and learn about technological … Continue reading Video walkthrough: Cybertech Tel Aviv 2023
A sharp increase in crypto-currency related sanctions resulted in far more crypto transactions being considered illicit.
The post Report: Illicit cryptocurrency activity reached all-time high in 2022 appeared first on CyberScoop.
Continue reading Report: Illicit cryptocurrency activity reached all-time high in 2022
A sharp increase in crypto-currency related sanctions resulted in far more crypto transactions being considered illicit.
The post Report: Illicit cryptocurrency activity reached all-time high in 2022 appeared first on CyberScoop.
Continue reading Report: Illicit cryptocurrency activity reached all-time high in 2022
U.S. state and federal investigators are being inundated with reports from people who’ve lost hundreds of thousands or millions of dollars in connection with a complex investment scam known as “pig butchering,” wherein people are lured by flirtatious strangers online into investing in cryptocurrency trading platforms that eventually seize any funds when victims try to cash out. Continue reading Massive Losses Define Epidemic of ‘Pig Butchering’