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Tag: cybercrime

Cryptojacking on the Rise: Employees are Hijacking Company Servers

Category: Altcoins, Bitcoin, Business, Mining, News, Tech

Cryptojacking on the Rise: Employees are Hijacking Company Servers

Employees of companies around the world have been illegally diverting corporate computing infrastructure to secretly mine bitcoin and other cryptocurrencies. In recent years, cryptocurrencies have become a valuable and highly sought-after asset. Consequently, we have seen the emergence of desperate schemes to acquire possession of these digital assets, ranging from hacking, physical theft, phishing scams etc. With the frenzy not…

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Japan Police Apprehends 12 People in An “Over the Counter” Bitcoin Fraud Deal

Category: Bitcoin, Commentary, Finance, News

Japan Police Apprehends 12 People in An “Over the Counter” Bitcoin Fraud Deal

The Tokyo Reporter revealed that Japanese police apprehended 12 people who embezzled bitcoin worth $1.86 million from a middle-aged businessman in July. According to the victim, the delinquents offered to purchase bitcoin worth $1.76 million for $1.86 million in cash, earning the seller a profit of $93,000. The victim accused the counterparty of providing fake bills, in return for the…

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China Police Crush $13 Million Crypto Ponzi Scheme

Category: Altcoins, Commentary, Finance, News

China Police Crush $13 Million Crypto Ponzi Scheme

Though global security forces are doing their best in the battle against all forms of unlawful activities, ‘cryptocriminals’ are unrelenting in their efforts to make unsuspecting and somewhat gullible virtual currency enthusiasts shed tears. Now, the Chinese police force has crushed a $13 million cryptocurrency pyramid scheme. Game Over Security operatives in the city of Xi’An, northwestern China have arraigned…

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Real-World Crimes Involving Bitcoin and Ethereum Are on the Rise

Category: Altcoins, Bitcoin, Ethereum, News

Real-World Crimes Involving Bitcoin and Ethereum Are on the Rise

Most people think of cryptocurrency-related heists as incidents where crafty hackers compromise computers, steal victims’ Bitcoin wallet keys and transfer the funds away. This misconception is well-founded and is indeed exactly how many tech-savvy crooks have masterminded the most notorious theft campaigns in this domain. However, some malefactors go the old school route and coerce owners into parting with their…

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UK Cybercrime Authority Lists “Cryptojacking” As Serious Threat

Category: Altcoins, Commentary, News, Tech

UK Cybercrime Authority Lists “Cryptojacking” As Serious Threat

A British government agency has acknowledged the rise of “cryptojacking,” and has released a report which listed the issue amongst other major threats to UK’s internet ecosystem. The report, published by U.K.’s National Cyber Security Centre (NCSC) on April 10, highlighted cryptojacking as a “significant concern.” Other compromised identified trends were; IoT, data breaches, and legislation, supply-chain compromises, “worms,” and…

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$300 Million Bitcoin Scam Unearthed In India

Category: Bitcoin, Finance, News

$300 Million Bitcoin Scam Unearthed In India

The bitcoin fraudulence around the world don’t seem to cease any time soon, and this time, its struck India. Amit Bhardwaj, director and mastermind of a bitcoin mining company has been recently arrested for setting up an elaborate multi-level marketing scam to the tune of $300 million. Under this ‘scheme,’ he urged investors to invest one bitcoin for a ten…

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Bad Actor’s Illegally Acquired Bitcoin Wealth Seized by UK Authorities

Category: Bitcoin, Finance, News, Regulation

Bad Actor’s Illegally Acquired Bitcoin Wealth Seized by UK Authorities

Even with the slump in the price of bitcoin and other cryptocurrencies, digital assets remain a hotcake for cybercriminals and bad actors. Gabriele Pearson is the latest bad guy in the British crypto space. PayPal for Bitcoin According to V3, UK resident Gabriele Pearson has succeeded in adding his name to the history books as one of the infamous pioneers…

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Preliminary Tally Reveals More than $6 Million Worth of Crypto was Stolen in Japan in 2017

Category: Altcoins, Bitcoin, Finance, News

Preliminary Tally Reveals More than $6 Million Worth of Crypto was Stolen in Japan in 2017

According to an article in the local Japanese media, 662 million yen ($6.295 million) was lost in the country due to crypto-based hacking activities. The data was made known courtesy of the first ever tally that has been conducted by the Japanese police authorities. 2017 turned out to be a breakout year for cryptocurrencies in many respects as a number…

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Cryptojacking Surges 10,000 Percent in Sweden During Q4 2017

Category: Altcoins, Bitcoin, News, Tech

Cryptojacking Surges 10,000 Percent in Sweden During Q4 2017

Sweden has seen a surge of cryptojacking attacks, with a growth of 10,000 percent in the last quarter of 2017. This is twice the global growth rate for the same period, and more than the price of bitcoin managed in the whole year! Cybersecurity threats are a growing global concern, and rapid developments in cryptocurrency have made this type of…

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Bitcoin Exchange Bitfinex to Improve Trade Surveillance with Irisium

Category: Bitcoin, Business, Finance, News, Tech

Bitcoin Exchange Bitfinex to Improve Trade Surveillance with Irisium

Bitfinex is to adopt the Digital Asset Market Integrity platform Irisium in an attempt to improve their ability to identify and react to manipulate behavior on their exchange. Bitfinex is, by trading volume alone, the second largest cryptocurrency exchange in the world. With this comes the responsibility of being industry leaders in innovative practices if they wish to maintain this…

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