TagCybercrime

Pirate Bay-Targeting Malware Hijacks Websites to Steal Cryptocurrency

Downloading movies from The Pirate Bay could potentially expose users to cryptocurrency theft and phishing on an unprecedented scale. Security researcher 0xffff0800 was the first to raise the alarm on January 11 when he detailed his experience of downloading 'The Girl In The Spider's Web' from TPB only to be confronted with a .LNK shortcut containing CozyBear malware as well as a series of...

UK Government Report: Digital Currencies Pose a Threat in...Cybercrime

UK cryptocurrencies

A new U.K. government report has found that there is a threat posed by digital currencies in cybercrime. The report, National Risk Assessment of Money Laundering and Terrorist Financing 2017, highlights the governments concerns about the role cryptocurrencies such as bitcoin play in cybercrime. The report refers to a 2015 NRA, which assessed that the risk of digital currencies linked to money...

$225 Million: Ethereum Cybercrime is Big Business Amid ICO Boom

Initial coin offering (ICO) investments have soared in 2017, raising an estimated $1.6 billion in funding and attracting the attention of regulators across the globe. Venture capital firms have begun pouring cash into ICOs and celebrities ranging from Floyd Mayweather to Paris Hilton have endorsed individual tokens. 10% of All ICO Funds Are Held by Cyber Criminals According to a new report from...

Is Blockchain the Answer to Preventing Cybercrime?

Director of Edgar, Dunn & Company, the management consultants, asks the question, can blockchain or distributed ledger technologies combat cybercrime in financial systems? As director of EDC’s London office, Samee Zafar has advised some of the biggest financial services organizations in Europe and North America focusing on competitive strategy, operations, and technology. With his expertise...

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