Laundering Via In-Game Currency and Goods is on the Rise | Part 2

In-game purchases and currencies are spurring a rise in gaming-related laundering Minecraft, FIFA, World of Warcraft and more are used for laundering China and South Korea become hotspots for gaming-currency laundering In April of 2017, we started an i… Continue reading Laundering Via In-Game Currency and Goods is on the Rise | Part 2

Cybercriminals Use Bitcoin as One Method of Laundering Money | Part 1

We are following the money to see what happens to the proceeds from cybercrime. This research shows cybercriminals are money laundering through both familiar and unfamiliar channels. Reserve your copy of the full report: Into the Web of Profit In April… Continue reading Cybercriminals Use Bitcoin as One Method of Laundering Money | Part 1

White House cyber czar says norms push will move to small group of allies

The Trump administration will continue its predecessor’s push for the adoption of global cyber norms, but is putting efforts to do so through the United Nations on the back burner, preferring instead to work with small groups of allied countries, White House cybersecurity czar Rob Joyce said Tuesday. This new “coalition of the willing” strategy seems at odds with the plans apparently developed last week for a joint cybersecurity framework with Russia to combat outside interference and hacking of elections. “We’re going to be working with like-minded countries to start to enforce the norms that we’ve talked about” — like the one outlawing attacks on critical infrastructure in peacetime — Joyce told a standing-room only crowd at the Department of Homeland Security Science and Technology Directorate’s cybersecurity R&D showcase. “We’ve got to raise the cost on the attackers … [We’ve got] to start pushing at those norms we know need to be enforced and following up so […]

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Lawmakers soundly reject the idea of a U.S.-Russia cybersecurity unit

Capitol Hill wants no part of President Donald Trump’s plan to create a cybersecurity working group with the Russian government; an idea that was first revealed following a private meeting with Russian President Vladimir Putin at the 2017 G20 Summit. The backlash comes following Trump’s participation in the G20 summit last week, where he met with Putin on a number of issues. Sunday morning, Trump tweeted that the two countries discussed forming an “impenetrable Cyber Security unit.” Putin & I discussed forming an impenetrable Cyber Security unit so that election hacking, & many other negative things, will be guarded.. — Donald J. Trump (@realDonaldTrump) July 9, 2017 Rep. Don Beyer, D-Va., filed an amendment to the National Defense Authorization Act Monday that would block Trump from creating such a diplomatic unit. Separately, Rep. Brendan Boyle, D-Pa., introduced a standalone bill Monday that “prohibit[s] the United States from participating in any type […]

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