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17th December 2018

EU agrees on directive for combating cryptocurrency and credit card fraud

European Parliament and Council of the EU negotiators have reached an agreement on new measures aimed at boosting the fight against fraud involving non-cash means of payment, including credit cards, online shopping and virtual currencies such as bitcoin. The agreed text of the directive on combating fraud and counterfeiting of… Read More

10th December 2018

Police arrest over 200 fake cash ‘customers’ after counterfeit money agent jailed

Law enforcement agencies across Europe have taken action against suspects who bought counterfeit euro banknotes on illegal platforms on the Darknet. In total, almost 300 house searches were conducted in 13 different countries and 235 suspects were detained. Law enforcement also seized around 1 500 counterfeit euro banknotes. Drugs, weapons,… Read More

5th December 2018

Israeli firm rejects alleged connection to Khashoggi killing

AP — An Israeli company known for its sophisticated phone surveillance technology on Monday rejected accusations that its snooping software helped lead to the killing of Saudi journalist Jamal Khashoggi. The NSO Group has faced similar claims in the past that its products were used to… Read More

28th November 2018

State to allow businesses to pay taxes with bitcoin

AP — Ohio is now accepting the cryptocurrency, bitcoin, for business tax payments including sales tax. State Treasurer Josh Mandel’s office announced Monday that businesses can sign up for the program through OhioCrypto.com. Businesses will pay their taxes through a third-party processor called BitPay, which will convert the digital… Read More

23rd November 2018

China rejects US hacking report ahead of Trump-Xi meeting

AP — China on Thursday rejected a U.S. government report that accuses Beijing of stepping up efforts to steal technology ahead of a meeting between Presidents Donald Trump and Xi Jinping. The Commerce Ministry dismissed the U.S. Trade Representative’s report as “new unwarranted accusations” and said… Read More

16th November 2018

Japan’s minister of cybersecurity has never used computer

AP — Japan’s minister in charge of cybersecurity is in the spotlight for acknowledging he has never used a computer and making comments showing he has no idea what a USB port might be. Ruling party lawmaker Yoshitaka Sakurada, also in charge of the 2020 Tokyo Olympics, was replying… Read More

7th November 2018

HSBC discloses customer accounts hacked at its U.S. bank

Hackers breached some HSBC (HSBA.L) customers’ accounts in the United States in October and accessed their information, the bank said in a regulatory filing on Tuesday. It was not immediately clear how many accounts were breached or whether any money was stolen. – By Lawrence White, Reuters, 7 November 2018. Read More

2nd November 2018

UK publishes anti-money laundering strategy, targets lawyers, public schools

The United Kingdom has published its strategy to tackle money laundering and other serious crime, outlining a crackdown on professional enablers and sectors targeted by launderers, such as public schools. Officials estimate that billions are laundered through the UK annually, impacting its reputation and economy. Under its Serious and Organised… Read More

26th October 2018

BA says a further 185,000 payment cards possibly hit in cyber attack

International Airlines Group (ICAG.L) said an investigation into the theft of customers’ data at its British Airways unit showed hackers may have stolen the personal information of a further 185,000 customers. British Airways apologised in September after the credit card details of hundreds of thousands of its customers were stolen… Read More

25th October 2018

Japan grants cryptocurrency industry self-regulatory status

AP – Japan’s Financial Services Agency (FSA) on Wednesday gave the cryptocurrency industry self-regulatory status, permitting the Japan Virtual Currency Exchange Association to police and sanction exchanges for any violations. The government has been reviewing its approach toward an industry that has been hit twice by large-scale thefts. The FSA… Read More

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