Facebook's relaunch and rebrand of its Libra digital payment initiative as Diem is seen by some as a shadow of its former self. Financial services commentator Chris Skinner explains why state governments and AML concerns are to blame.
A previously documented cryptomining worm dubbed Gitpaste-12 has returned with a wide-ranging series of attacks targeting web applications and IoT devices that exploit at least 31 vulnerabilities, according to Juniper Threat Labs.
The latest edition of the ISMG Security Report features an analysis of why the FireEye breach is a wake-up call for the cybersecurity industry. Also featured: Monero cryptocurrency scams; key considerations for cloud security.
Alexander Vinnik, a Russian national who founded the now-defunct BTC-e cryptocurrency exchange, has been found guilty of money laundering in France and has been sentenced to five years in prison, according to media reports. He faces additional charges in the U.S. and Russia.
The latest edition of the ISMG Security Report features an analysis of how cybercriminals are ditching banking Trojans in favor of ransomware attacks. Also featured: Defending against deep fakes; supporting a dispersed workforce.
The Muhstik botnet, which has been operating for at least two years, has recently started targeting vulnerabilities in the Oracle WebLogic application server and the Drupal content management system as a way to expand its cryptocurrency mining capabilities, according to security firm Lacework.
A former Microsoft software engineer has been sentenced to nine years in prison after being found guilty on 18 criminal charges in connection with the theft of more than $10 million through the company's online retail platform.
The operators behind a botnet dubbed "Gitpaste-12" are abusing legitimate services such as GitHub and Pastebin to help hide the malware's malicious infrastructure, according to Juniper Threat Labs. This botnet mainly targets Linux apps and IoT devices and can mine cryptocurrency.
The U.S. Justice Department is looking to seize more than $1 billion worth of bitcoin that investigators have linked to the notorious Silk Road darknet marketplace. The cryptocurrency was stored within a mysterious digital wallet that had been dormant for years, but the subject of much speculation.
Researchers are tracking the movements of nearly $1 billion in cryptocurrency that recently moved from a mysterious digital wallet, which may have ties to the notorious darknet marketplace Silk Road, which law enforcement shuttered in 2013.
Security researchers at Imperva have uncovered a botnet that attacks vulnerabilities in websites' underlying content management systems and then uses these compromised servers to mine for cryptocurrency or send spam to more victims.
The IRS Criminal Investigation Cyber Crimes Unit is waging a battle against the use of cryptocurrency for financing terrorists and other money-laundering activities. Agents Chris Janczewski and Jon Gebhart describe recent cryptocurrency-related takedowns.
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.