For signs of cryptocurrency laundering, look closely at Moscow firms, report says

Moscow-based businesses appear to be handling much of the money laundering of cryptocurrency payments that come from global ransomware activity and other forms of cybercrime, according to a report from crypto-tracking company Chainalysis. The analysts focused on several dozen companies with a presence in Moscow City, the Russian capital’s skyscraper-packed business district. In any given quarter, “illicit and risky” blockchain addresses account for between 29% and 48% of all funds received by those cryptocurrency businesses, the report says. That traffic, including legitimate crypto transactions, can sometimes be more than $1 billion in a quarter, Chainalysis says. “A huge amount of cryptocurrency-based money laundering, not just of ransomware funds but of funds associated with other forms of cybercrime as well, goes through services with substantial operations in Russia,” Chainalysis says in the Monday blog post, which is based on its upcoming “2022 Crypto Crime Report.” The company defines “risky or illicit” […]

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Zaha Hadid Architects’ metro station helps travelers find their way

We’ve all been there: rushing through an unfamiliar metro station laden with heavy bags and only a few minutes to work out where you’re meant to be. It’s a stressful experience and one that Zaha Hadid Architects’ (ZHA) new Moscow metro aims to address … Continue reading Zaha Hadid Architects’ metro station helps travelers find their way

Moscow’s cable car service shuts down in 2 days after ransomware attack

By Waqas
The first cable-car service was launched in Moscow this Tuesday, and free rides to and from Luzhniki Stadium were promised to the visitors throughout the first month. Naturally, people were eager to ride the cable-car and thronged the location… Continue reading Moscow’s cable car service shuts down in 2 days after ransomware attack

Global ransomware attacks tiptoed around Russian anti-virus products

Those responsible for two of the largest ransomware attacks of 2017 designed their malware to carefully handle computers with Russian anti-virus products installed, security researchers have told CyberScoop. For the third time in less than six months, a ransomware-style cyberattack spread across Eastern Europe in a matter of hours. The attack, dubbed “BadRabbit,” infected computers inside Ukrainian and Russian government agencies, Ukrainian transportations facilities and Russian news outlets among other targets; causing a disruption in normal business operations that continues for some until today. Although most of BadRabbit’s impact occurred in Russia, there’s evidence that the malware compromised organizations in several countries other than Ukraine, including Japan and Turkey. The virus, when successfully installed, will encrypt files and then request a payment in the form of Bitcoin from victims in order to unlock their systems. Experts say there’s likely more to the story than a simple ransom collection. An investigation into […]

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