Cybercrime wouldn't exist as we know it today without there being a multitude of technologies and services that criminals have been able to turn to their advantage, and cryptocurrency is one of the prime examples, especially when it comes to ransomware, darknet markets and money laundering.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
An international coalition of police agencies made 179 arrests and seized virtual currency, cash and drugs based on intelligence gathered from earlier takedowns of the Wall Street and Alphabay darknet marketplaces.
Empire is the latest darknet market to "exit scam," meaning administrators ran away with users' cryptocurrency, leaving the market to fail. Given the ongoing risk of exit scams, as well as police often targeting such markets, why do they persist?
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
A federal grand jury has formally indicted a Russian national in connection with a thwarted attempt at stealing corporate data from electric vehicle manufacturer Tesla so it could be used to extort a $4 million ransom.
With apologies to Jay-Z, getting hit with ransomware might make victims feel like they have 99 problems, even if a decryptor ain't one. That's because ransomware-wielding gangs continue to find innovative new ways to extort cryptocurrency from crypto-locking malware victims.
The former moderator of the now-defunct AlphaBay darknet marketplace has been sentenced to 11 years in prison after pleading guilty to a federal racketeering charge, according to the U.S. Department of Justice.
Message to anyone who placed or fulfilled an order via the world's largest darknet market, Empire, in recent weeks: Say bye-bye to your cryptocurrency. It's increasingly clear that Empire's administrators "exit scammed," closing up shop and leaving with a horde of digital currency.
The operators behind the "Lemon Duck" cryptominer have developed new techniques to better target enterprise-grade Linux systems, according to Sophos. In the latest cases, potential victims are spammed with COVID-19-themed emails.
The Lazarus Group, which has ties to the North Korean government, recently targeted an employee of a cryptocurrency exchange with a fake job offer in order to plant malware and steal virtual currency, according to F-Secure.
The U.S. Justice Department has seized more than $2 million worth of cryptocurrency from terrorist groups who solicited donations via social media and waged fraud campaigns.
The hackers who hijacked 130 high-profile Twitter accounts as part of a cryptocurrency scam earlier this month used a telephone-based spear-phishing attack to obtain employee credentials, the social media company says.
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