Regulators are addressing the growing threat of transnational cybercrimes in the financial industry.
Cybercrime is a crime made on/against computers and/or a network. Computers and networks may be both a tool or a target of an attacker. Cryptocurrency cybercrimes and Bitcoin-oriented cybercrimes are now an inseparable part of the industry. Cryptocurrency allows cybercrimes like hacking, phishing and various scamming schemes. There were a lot of notable cryptocurrency thefts with the latest cybercrime cases being the Coincheck hack (with $400 million worth of NEM tokens stolen in 2018) and NiceHash (with $60 million stolen). Cybercrimes also may be performed within the blockchain, like the infamous DAO event, where $50 million worth of Ethereum was taken by the hacker and led to the hard fork of the whole platform. Different types of wallet services for altcoins are one of the main targets of cybercrimes, as a flaw in the system gives hacker access to multiple accounts.
Bad actors allegedly tried to brute force their way into accounts belonging to Paxful's users in an ongoing series of attacks.4202
Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance10549
Malware payouts from insurance companies pose a threat to U.S. national security.4245
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate.4733
A new report from Chainalysis has found that Eastern Europe is responsible for more darknet activity and ransomware volume than any other region.13734
The United States Internal Revenue Service has announced a bounty of up to $625,000 to anyone who can crack Monero’s privacy.454392
CipherTrace believes financial institutions are failing to identify up to 90% of suspicious transactions related to crypto assets8777
A cybercrime group named ‘John Wick’ has taken responsibility for the attack.8616
Graham Ivan Clark may not be the only juvenile responsible for the massive Twitter breach on July 15.11994
The unfortunate "Crypto" brand name causes the company to shut down.12754
He doesn’t know if it was the work of crypto malware or a more sophisticated hack.8524
Users are afraid they may be in the middle of an exit scam.19673
“Avoid Bitcoin like the plague.”35368
Major changes could be coming to the network.7720