Cybercriminals are using increasingly sophisticated methods to turn illicitly gained cryptocurrency into cash, which raises new concerns about enforcing anti-money laundering laws, according to a report by Chainalysis.
Nearly 16,000 malware-infected MicroTik routers in Southeast Asia have been scrubbed of Coinhive cryptojacking code, which mines for monero, thanks to an international police operation. Globally, however, 26,000 MicroTik routers reportedly remain infected with the stealth monero-mining code.
Fake news, fake accounts - even fake food. Gartner analyst Avivah Litan is concerned about the onslaught of "fake everything" and how it undermines the trust upon which enterprises are built. In this 2020 preview, Litan discusses emerging technologies to combat the fakes.
Encrypted chat and messaging application Keybase has found out what happens when you wrap a cryptocurrency giveaway into your service. In short: Everyone comes out the woodwork to try to get a slice of the pie.
The Justice Department has charged five individuals with running a high-tech Ponzi scheme that allegedly fleeced investors out of $722 million by falsely promising clients big returns as part of a cryptomining operation.
South Korean cryptocurrency exchange Upbit says hackers have stolen $49 million worth of ethereum, in what is the year's seventh major cryptocurrency heist. Much of the $158 million stolen so far this year is likely fueling the North Korean regime's appetite for luxury goods and weapons of mass destruction.
The U.S. Federal Reserve is warning that the increasing use of cryptocurrencies known as "stablecoins," without proper safeguards and regulations, could pave the way for crime, including money laundering and terrorism financing.
Instead of proving a flash in the pan, enthusiasm for cryptocurrency has grown - and with it the associated fraud. Cyber criminals were quick to develop malware with the aim of stealing cryptocurrencies, with attackers finding ways to exploit the anonymity offered.
The notorious Joker's Stash cybercrime marketplace, which specializes in selling stolen payment card data, has a new listing for 1.3 million credit and debit cards, almost all of which appear to have been issued by Indian banks, reports threat intelligence firm Group-IB.
A U.S. Congressional committee on Wednesday peppered Facebook CEO Mark Zuckerberg with tough questions about the company's plans for a cryptocurrency called Libra, raising concerns about privacy issues as well as potential use of the currency for money laundering or to finance deals for illegal drugs and weapons.
Attackers are using Docker containers to spread a cryptojacking worm in a campaign dubbed "Graboid," according to researchers at Palo Alto Network's Unit 42 threat research unit. Although the researchers describe the campaign as "relatively inept," they says it has the potential to become much more dangerous.
The not-for-profit Libra Association, which would govern Facebook's new Libra cryptocurrency, launched Monday despite Visa, MasterCard and others dropping their participation. Meanwhile, Facebook CEO Mark Zuckerberg is scheduled to testify before Congress next week to address concerns about the project.
A Singapore man allegedly ran a large-scale cryptocurrency mining scheme that involved using stolen identities to access Amazon and Google cloud computing resources, according to a 14-count U.S. Justice Department indictment.
British police have auctioned off bitcoins and other cryptocurrencies seized from a U.K. teenager who participated in the hack of the London-based telecommunications firm TalkTalk in 2015. The auction netted $294,000, which will be used by law enforcement to help fund crime-fighting efforts.
More proof that when it comes to crime, there's nothing new under the sun: Federal prosecutors have charged two men with attempting to extort cryptocurrency worth more than $12 million from a startup firm planning to undertake an initial coin offering, in part via physical intimidation.
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