FBI takes down Nigerian fraudsters in $46M case
23rd August 2019
FBI takes down Nigerian fraudsters in $46M case
AP—The relationship between a Japanese woman and a U.S. Army captain stationed in Syria started online, through an international social network for digital pen pals. It grew into an internet romance over 10 months of daily emails. It ended with the woman $200,000 poorer and on the verge… Read More
ECB Takes Hacked Website Offline
16th August 2019
ECB Takes Hacked Website Offline
The European Central Bank, which supervises data protection at Europe’s largest banks, said Thursday that it temporarily shut down one of its websites after it was hacked and injected with a malicious software. The site, called BIRD, which provides the banking industry with information on how to produce statistical and… Read More
UN probing 35 North Korean cyberattacks in 17 countries
15th August 2019
UN probing 35 North Korean cyberattacks in 17 countries
AP — U.N. experts say they are investigating at least 35 instances in 17 countries of North Koreans using cyberattacks to illegally raise money for weapons of mass destruction programs — and they are calling for sanctions against ships providing gasoline and diesel to the country. Last week, The Associated… Read More
North Korea took $2 billion in cyberattacks to fund weapons program: U.N. report
6th August 2019
North Korea took $2 billion in cyberattacks to fund weapons program: U.N. report
North Korea has generated an estimated $2 billion for its weapons of mass destruction programs using “widespread and increasingly sophisticated” cyberattacks to steal from banks and cryptocurrency exchanges, according to a confidential U.N. report seen by Reuters on Monday. Pyongyang also “continued to enhance its nuclear and missile programmes although… Read More
Capital One Breach Shows a Bank Hacker Needs Just One Gap to Wreak Havoc
2nd August 2019
Capital One Breach Shows a Bank Hacker Needs Just One Gap to Wreak Havoc
Large financial companies have to thwart hundreds of thousands of cyberattacks every single day. Data thieves have to get lucky only once. Big banks like Capital One, the victim of a recent attack that captured the personal information of over 100 million people,… Read More
From Belarus to Bahrain, the small states going big on cryptocurrency
30th July 2019
From Belarus to Bahrain, the small states going big on cryptocurrency
When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long. The meeting, Prokopenya said, ended with Lukashenko asking him to propose regulations to boost the country’s tech sector. Prokopenya worked with… Read More
Russian Bitcoin Theft Suspect Sued for $100 Million by U.S.
29th July 2019
Russian Bitcoin Theft Suspect Sued for $100 Million by U.S.
Digital currency exchange BTC-e and one of its owners, a Russian whose extradition the U.S. is seeking from Greece to face criminal charges, now face a civil lawsuit in California. The U.S. is attempting to recover penalties of $100 million from the company and Alexander Vinnik for alleged violations of… Read More
On Crypto Exchanges, the Trades Don’t Always Add Up
26th July 2019
On Crypto Exchanges, the Trades Don’t Always Add Up
When Bitcoin hit a 17-month high in late June, the milestone was met with some skepticism. Big jumps in a short period of time can signal that someone is trying to artificially move the market,… Read More
This Ohio man is accused of trying to launder $19 million of bitcoin from the dark web
24th July 2019
This Ohio man is accused of trying to launder $19 million of bitcoin from the dark web
Silk Road, the infamous dark web black market where users bought and sold practically everything — including fake passports, illegal narcotics, weapons, hacking software and dangerous chemicals — was shut… Read More
Indian panel recommends cryptocurrency ban
23rd July 2019
Indian panel recommends cryptocurrency ban
An Indian government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies, which could signal the end of them in India. The panel drew up a report and draft legislation, which will be examined… Read More
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