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Tag: cybercrime

Cryptocurrency Mining Malware Ranks Top for the 13th Time on Global Threat Index

Category: Blockchain, Crime, News

Cryptocurrency Mining Malware Ranks Top for the 13th Time on Global Threat Index

The “Global Threat Index for December 2018” report from Israeli cybersecurity solutions company Check Point Software Technologies Ltd. has revealed that cryptocurrency mining malware has topped the chart for the 13th time in a row to be computer’s most prevalent attacks, according to GlobeNewswire on January 14. Cryptocurrency Mining Malware on The Rise Based on reports, SmokeLoader, a second-stage downloader…

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New CryptoJacking Tactic Involves Movie Files And Wikipedia

Category: Crime, Mining, News, Tech

New CryptoJacking Tactic Involves Movie Files And Wikipedia

A new method for stealing cryptocurrencies involves using a downloadable movie file as bait, and it is also being utilized to mine cryptocurrency and manipulate Google results. In addition, the virus also attempts to steal cryptocurrency through Wikipedia donations according to security researcher “@0xffff08000“ on January 10, 2019. Risky Business One of the reasons that institutional money is still hesitant about…

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Armor’s Annual Black Market Report Shows Cybercrime-as-a-Service is on the Rise

Category: Altcoins, Blockchain, Business, Crime, News, Platform, Tech

Armor’s Annual Black Market Report Shows Cybercrime-as-a-Service is on the Rise

It is no secret that crime has moved online. Cybercrime has been identified as one of the biggest risks to society by the World Economic Forum Global Risk Report 2018. One of the primary drivers behind the boom in cybercrime is the ease of availability of hacking tools as well as a rising Crime-as-a-Service industry found on the dark web….

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Gold-Backed AurumCoin Latest to Fall Victim to 51 Percent Attack

Category: Altcoins, Blockchain, Finance, News, Platform, Tech

Gold-Backed AurumCoin Latest to Fall Victim to 51 Percent Attack

Gold-backed AurumCoin is the latest cryptocurrency project to fall victim to 51 percent attack, resulting in the loss of AUD$ 15752.26, per a report by Finder on November 12, 2018. Hack Attack Results in Blame Game Shortly after the hack attack, AurumCoin’s twitter handle subtly sparked the blame game stating the coins were stolen from the wallet of cryptocurrency exchange…

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International Cybercrime under Spotlight at CyberCrimeCon 2018 in Moscow

Category: Press Releases

International Cybercrime under Spotlight at CyberCrimeCon 2018 in Moscow

Moscow, 08.10.2018 – Group-IB, an international company that specializes in preventing cyber attacks, announces the sixth international conference CyberCrimeCon 2018. This year’s event is bringing together representatives from INTERPOL and cyber police from different countries. CyberCrimeCon 2018 will focus on international cybercrime trends and forecasts, including for the crypto industry, as well as the analysis of the most dangerous hacking groups’ attacks….

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McAfee Report: Cryptocurrency Mining Malware to only Grow in Magnitude

Category: Bitcoin, Ethereum, Mining, News, Platform, Tech

McAfee Report: Cryptocurrency Mining Malware to only Grow in Magnitude

The crypto community is well aware of cryptojacking – a crypto-malware attack that uses the hosts’ computer power to mine cryptocurrencies without their knowledge. In what comes as unfortunate news for the budding community, the problem is only going to get worse. Per a report published by The McAfee Labs, dated September 25, 2018, cryptocurrency-related malware attacks continue to witness…

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Ticketfly Hack Saga Continues: Status of Bitcoin Ransom Remains Unknown

Category: Bitcoin, Business, News, Tech

Ticketfly Hack Saga Continues: Status of Bitcoin Ransom Remains Unknown

Nearly four days after being forced offline by a hacker demanding a ransom payment in bitcoin, the Ticketfly website is partially back in operation. The event ticketing and management platform announced this on their official website on  June 2, 2018. Source: Ticketfly Possibility Of Compromised Client Information Starting on the night of  May 30, 2018, the security incident began with…

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Indian Bitconnect Promoters Attacked by Angry Investors

Category: Altcoins, Crime, News, Regulation

Indian Bitconnect Promoters Attacked by Angry Investors

While the Bitconnect Ponzi scheme has been dead and buried in the U.S., its ghost is still causing mayhem in India. In the latest development, the Ahmedabad Criminal Investigation Department (CID) has arrested a Bitconnect investor, Shailesh Bhatt for forcefully extorting more than 2,000 bitcoin from promoters of the cryptocurrency-powered pyramid scheme. Get Rich Quick According to the Times of…

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Game Over for Dark Web Bitcoin Lord As Authorities Send “Courvoisier” to 10 Years in Jail

Category: Bitcoin, Commentary, Crime, News, Tech

Game Over for Dark Web Bitcoin Lord As Authorities Send “Courvoisier” to 10 Years in Jail

Since the beginning of time, there has been crime, and bad actors in the world and this phenomenon will not cease anytime soon. In what has been described as the first of its kind operation in the history of the over a century old department, London police have sentenced “Courvoisier” a notorious computer hacker from whom half a million pounds…

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New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

Category: Altcoins, Bitcoin, Blockchain, Crime, Finance, News, Regulation

New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

While fraud seems present in every financial domain, the cryptocurrency sector attracts a lot of criminals in particular due to a lack of strict security practices and negligible regulation. The funds stolen are no child’s play either, as recent research suggests a staggering value. Cryptocurrency Crimes Surging According to estimates provided by the Anti-Phishing Working Group (APWG), cyber-criminals have infiltrated…

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