Two Russian nationals have been charged with using phishing techniques and spoofed domains to steal over $16 million from three cryptocurrency exchanges in 2017 and 2018, according to the U.S. Justice Department.
The pandemic has accelerated the shift to e-commerce and raised new concerns about the use of paper money. Jim Cunha of the Federal Reserve Bank of Boston describes a collaborative research project with the Massachusetts Institute of Technology to determine the feasibility of a digital alternative.
The U.S. Justice Department has filed a civil forfeiture complaint in an effort to recover millions in cryptocurrency from 280 accounts that allegedly was stolen by North Korean hackers. Prosecutors believe much of the money was laundered through Chinese exchanges.
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.
A P2P botnet dubbed "FritzFrog" has breached about 500 SSH servers, infecting universities in the U.S. and Europe and a railway company in an effort to plant cryptomining malware, Guardicore Labs reports. The botnet has also tried to infect banks, medical centers, governmental offices and others.
The latest edition of the ISMG Security Report analyzes the hijacking of a virtual court hearing in the Twitter hacking case. Also featured: Why network segmentation is more important than ever; update on Windows print spooler vulnerability.
Any nationally chartered bank can now serve as a custodian of the cryptographic keys for a cryptocurrency wallet, according to a letter from the Office of the Comptroller of the Currency. James Wester of IDC analyzes the implications.
Police have confiscated $90 million from a company allegedly owned by Alexander Vinnik, who is accused of money laundering and defrauding individuals through BTC-e, a cryptocurrency exchange he controlled.
Cryptocurrency-mining hackers appear to be behind a recent spate of supercomputer and high-performance computing system intrusions. But it's unclear if attackers might also have had data-stealing or espionage intentions.
Gartner analyst Avivah Litan says China is attempting to leverage blockchain technology in the country's COVID-19 recovery. What are the benefits and concerns of this approach, and how should it shape the future use of blockchain?
RSA 2020 touched on a number of topics, including the security of elections and supply chains, plus AI, zero trust and frameworks, among many others. But from sessions on cryptography, to this year's lower attendance, to the antibacterial dispensers dotted around venues, concerns over COVID-19 also dominated.
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.