Researchers found buried deep in a 61-page recent report by the U.S. Attorney General, the Biden Administration called for a dramatic expansion in the federal government’s ability to seize and keep cryptocurrency. If enacted, the proposed changes would bolster both criminal forfeiture, which requires a conviction to permanently confiscate property, as well as civil forfeiture, which does not require a conviction or even criminal charges to be filed. Notably, the report’s release was coupled wit
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Cyber threat investigators say do not let the ongoing "crypto winter" lull you into a false sense of cybersecurity. The phrase “crypto winter” likely came from the hit HBO series, “Game of Thrones.” In the series, the motto of the House of Stark was “Winter Is Coming.” It was considered a warning that lasting conflict could descend on the land of Westeros at any time. Similarly, an extended period of trouble may be settling over the crypto market. During this difficult time, you must remain
The State of NJ NJCCIC continues to receive reports of stolen cryptocurrency and recently reported on observed tactics that often include the use of social engineering. The FBI issued a notification this week alerting financial institutions and investors that cybercriminals are creating fraudulent cryptocurrency investment apps to defraud cryptocurrency investors. The cybercriminals were observed contacting investors and convincing them to download fraudulent cryptocurrency investment mobile a
Cryptocurrency storage is one of the most important things that investors should consider when joining the burgeoning digital asset market. Most people investing in this space have little to no knowledge of the existing options. Crypto exchanges currently hold the larger share of investors’ capital despite the associated risks, including hacking and regulatory pressures from oversight authorities.
There are two types of crypto wallets; custodial and non-custodial. The former is offered by cen
It has been reported that cyber criminals are sending out millions of phishing emails a day, using extortion and other schemes to steal Bitcoin and other cryptocurrencies from victims. The phishing attacks use a variety of techniques to trick people into transferring sums of Bitcoin, including phony requests for charity donations and Business Email Compromise BEC scams.
See: https://redskyalliance.org/xindustry/what-the-heck-is-bec
According to a report by cybersecurity researchers at Proofpoi
The US government is reportedly set to announce new measures, including sanctions to deter cryptocurrency businesses from getting involved in laundering and facilitating ransomware payments. People familiar with the matter told the Wall Street Journal that the US Treasury Department could enact the new sanctions as early as the week of 20 September 2021. They will reportedly target cryptocurrency exchanges and traders who either knowingly or unwittingly enable cybercrime transactions. Among ot
There appears to be continuing data breach campaign inside the THORChain’s security system. THORChain is a cross-chain DeFi protocol that was hacked last week for the first time and suffered a loss of $8.3 million. Now it has been hacked again, and this time, attackers allegedly managed to steal $8 million worth of cryptocurrency Ether.
According to THORChain, the decentralized e-commerce exchange has become a victim of a sophisticated attack on its ETH router. THORChain posted to Twitter to a
A new information stealer is going after cryptocurrency wallets and credentials for applications including NordVPN, Telegram, Discord, and Steam. Panda Stealer malware uses spam emails and the same hard-to-detect fileless distribution method deployed by a recent Phobos ransomware campaign discovered by investigators.
The attack campaign appears to be primarily targeting users in Australia, Germany, Japan, and the United States. Panda Stealer was discovered by Trend Micro at the beginning of A
A coalition of government agencies and security firms has released a framework for how to disrupt ransomware attacks that calls for expanded regulation of the global cryptocurrency market to better track the virtual coins paid to cybercriminals during extortion schemes.
On 29 April 2021, the Institute for Security and Technology's Ransomware Task Force published the framework, which features 48 proposals. It calls for a coordinated, international diplomatic and law enforcement effort to combat t
The Cybersecurity and Infrastructure Security Agency (CISA) and other US agencies have issued a warning about increases in bank e-thefts worldwide organized by a hacking group called "BeagleBoyz." Researchers believe this group has ties to the North Korean government. The BeagleBoyz group is a subset of the North Korean-backed hacking collective known as the Lazarus Group or Hidden Cobra. The report with details of how the BeagleBoyz have made off with an estimated $2 billion in funds and cry
