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Tag: Cybercriminals

Hackers Target Infrastructure and Weak Security to Steal Cryptocurrencies

Category: Altcoins, Bitcoin, Crime, News, Tech

Hackers Target Infrastructure and Weak Security to Steal Cryptocurrencies

Carbon Black, a predictive cloud security service, recently published a report demonstrating that $1.1 billion worth of cryptocurrency-thefts occurred in the last six months. Security Experts Weigh in Unfortunately, most of these thefts came from an attack on a cryptocurrency exchange or business. TechWire mentioned that hackers often hide malware on websites or weak infrastructure especially on cryptocurrency exchanges with…

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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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Bitcoin No Longer the Fraudster’s Favorite

Category: Altcoins, Bitcoin, Commentary, News

Bitcoin No Longer the Fraudster’s Favorite

Persistent complaints from users about slow processing, excessive fees and the volatility-exhaustion that defines the currency at present are coming to a fore. It’s a sentiment that sees users looking elsewhere for other, perhaps “better” cryptocurrencies. Difficult to Rob Hodler’s A somewhat obtuse sign of this movement is that cybercriminals are also being swayed by the sentiment. Many are gravitating…

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Evrial Trojan Strips and Swaps Bitcoin, Monero, and Litecoin Address from Windows Clipboard

Category: Commentary, News, Tech

Evrial Trojan Strips and Swaps Bitcoin, Monero, and Litecoin Address from Windows Clipboard

A new trojan virus going by the name Evrial is being actively sold and distributed among cyber crooks. Sparking concern, the novel attacker does more than merely strip stored credentials or access cookies, it also monitors the Windows clipboard and, when discerning specific text, can modify the cut and paste operation by inserting something else. This contaminates the process and,…

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Colorado Looks to Adopt Blockchain Technology to Improve Data Security

Category: Blockchain, Commentary, News, Regulation, Tech

Colorado Looks to Adopt Blockchain Technology to Improve Data Security

A new bill in the state of Colorado is being introduced to the local Senate that proposes utilizing blockchain technology to help keep private data secure from the likes of cyber-attacks. Analog to Blockchain Legislators initially introduced the bill on January 16, 2018, and it suggests that if they implemented the use of a distributed ledger, there would be no…

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Less Than One Percent of Bitcoin Transactions Used for Illicit Activities Says New Study

Category: Bitcoin, Commentary, News, Regulation

Less Than One Percent of Bitcoin Transactions Used for Illicit Activities Says New Study

UK-based blockchain intelligence firm Elliptic partnered with a program within the Foundation for Defense of Democracies known as the Center on Sanctions and Illicit Finance (CSIF) to study data on the Bitcoin blockchain in an effort to determine the quantity of illicit funds that make their way into the bitcoin ecosystem. The report also looked into how these “dirty bitcoins”…

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Romanian Websites Use CoinHive Scripts to Illegally Mine Monero

Category: Altcoins, Mining, News, Tech

Romanian Websites Use CoinHive Scripts to Illegally Mine Monero

According to the Romanian National Computer Security Incident Response Team (CERT-RO), about 150 Romain domains run the cryptojacking malware CoinHive Script. CoinHive is known to have affected millions of computers around the world to mine the privacy-centric cryptocurrency Monero. Cryptojacking: Critical Global Issue CoinHive is a tool which hijacks computers and mines cryptocurrency without the knowledge or consent of the…

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Bitcoin Wallets and Exchanges: Haven for Cybercriminals?

Category: Bitcoin, News, Regulation

Bitcoin Wallets and Exchanges: Haven for Cybercriminals?

It is widely known that Bitcoin has enjoyed immense popularity with underground crime markets because of the anonymity associated with financial transactions. Despite becoming mainstream for traditional businesses and everyday consumer commerce, crypto’s nefarious use remains strong, with ransomware and other criminal actors brazenly seeking to extort payment in bitcoin and underground markets now utilizing a variety of cryptocurrencies. The…

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