How Hackers Cash Out Thousands of Bitcoins Received in Ransomware Attacks

Digital currencies have emerged as a favourite tool for hackers and cyber criminals, as digital currency transactions are nearly anonymous, allowing cyber criminals to use it in underground markets for illegal trading, and to receive thousands of dollars in ransomware attacks—WannaCry, Petya, LeakerLocker, Locky and Cerber to name a few.

Also, every other day we hear about some incidents of

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Bitcoin Exchange Operator Arrested For $4 Billion Money Laundering Scheme

Greek police have arrested a Russian man who is believed to have been the operator of the popular BTC-e Bitcoin exchange on charges of laundering more than $4 billion in bitcoin for culprits involved in hacking attacks, tax fraud and drug trafficking.

A United States jury indicted 38-year-old Alexander Vinnik on Wednesday after his arrest in Greece on Tuesday at the request of US law

Continue reading Bitcoin Exchange Operator Arrested For $4 Billion Money Laundering Scheme

Dutch Police Seize Another Company that Sells PGP-Encrypted Blackberry Phones

The Dutch police arrested four suspects on Tuesday on suspicion of money laundering and involvement in selling custom encrypted BlackBerry and Android smartphones to criminals.

The Dutch National High Tech Crime Unit (NHTCU), dedicated team within the… Continue reading Dutch Police Seize Another Company that Sells PGP-Encrypted Blackberry Phones

Man charged with $100m ‘whaling’ attack on two US tech giants

Victims of whaling attack not named, but it’s not the first time a big multinational has been targeted, and it won’t be the last Continue reading Man charged with $100m ‘whaling’ attack on two US tech giants

SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino

Part of the $81 Million stolen from Bangladesh bank’s New York Federal Reserve account earlier this year in the wake of the major malware attack on the SWIFT interbank transfer network has been tracked down to a casino in the Philippines.

SWIFT, or So… Continue reading SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino

SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino

Part of the $81 Million stolen from Bangladesh bank’s New York Federal Reserve account earlier this year in the wake of the major malware attack on the SWIFT interbank transfer network has been tracked down to a casino in the Philippines.

SWIFT, or So… Continue reading SWIFT Hack: Bangladesh Bank Recovers $15 Million from a Philippines Casino

Couple “driven by greed and a fast buck” jailed for $1.5m IRS scam

They used the IRS’s ‘Get Transcript’ service to get personal information on people and use it to file bogus returns in their names. Continue reading Couple “driven by greed and a fast buck” jailed for $1.5m IRS scam