Category Archives: crypto crime

Crypto fraud in 2023: How can security teams fight

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Hackers stole $4.3 billion worth of cryptocurrency in 2022, making it the worst year on record for crypto fraud. While the government pushes for regulation in the digital coin market, cryptocurrency remains a volatile industry and a risky bet for investors and financial institutions. While decentralized finance (DeFi) aims to offer greater control to investors, […]

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Can Zero-Knowledge Proofs Save Cryptocurrency?

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Blockchain has transformed many industries, from healthcare to real estate to banking. But despite the “unhackable” hype, flaws in Blockchain technology undeniably weaken its goals of bringing greater security, transparency and privacy to the world. Between January and November 2022, hackers stole $4.3 billion worth of cryptocurrency — marking a 37% increase from 2021. It […]

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How Falling Crypto Prices Impacted Cyber Crime

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Some rare good news in the world of cyber crime trends: Certain crimes declined in 2022 after years of constant rises. Should we credit crypto? Some estimates say that cryptocurrencies have lost $2 trillion in value since November 2021. During that time, the costs associated with cyber crimes, such as ransomware payouts and financial scams, […]

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How to Spot a Nefarious Cryptocurrency Platform

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Do you ever wonder if your cryptocurrency platform cashes in ransomware payments? Maybe not, but it might be worth investigating. Bitcoin-associated ransomware continues to plague companies, government agencies and individuals with no signs of letting up. And if your platform gets sanctioned, you may instantly lose access to all your funds. What exchanges or platforms […]

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How the Silk Road Affair Changed Law Enforcement

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The Silk Road was the first modern dark web marketplace, an online place for anonymously buying and selling illegal products and services using Bitcoin.  Ross Ulbricht created The Silk Road in 2011 and operated it until 2013 when the FBI shut it down. Its creator was eventually arrested and sentenced to life in prison. But […]

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The Rise of Crypto Crime: 5 Cases Security Professionals Can Learn From

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Who hasn’t heard about Bitcoin, Ethereum and Ripple? Cryptocurrencies, supported by blockchain technology, are revolutionizing financial markets as we know them. But with new possibilities comes a new generation of cybercriminals and previously unthou… Continue reading The Rise of Crypto Crime: 5 Cases Security Professionals Can Learn From→