#Cybercrime

According to the report by CipherTrace, losses to frauds and theft related to cryptocurrency amounted to $4.4 billion in 2019. As the hi-tech market develops, cybercriminals have shifted their focus from exploiting technical vulnerabilities to social engineering. Using the typical weaknesses we humans have isn’t too hard and doesn’t require special skills.

Today, the world’s first decentralized venture fund The DAO has been attacked. Unknown hackers keep on withdrawing ETH tokens from the fund. Overall amount of stolen assets comprises around $50 million at the time of writing. ETH and DAO exchange rate has dropped almost immediately across all cryptocurrency exchanges. 1 ETH is worth 0.02 BTC […]

Information security website Leaked Source has announced that a database containing upwards of 32.8 million stolen Twitter passwords has popped up on the darkweb. The experts noted that the data had been stolen directly from users, most of whom use Russia-based services.

A New-York based startup Chainalysis engaged in AML and fraud countering projects, has announced its forthcoming partnership with Europol, the EU’s top law enforcement agency, Reuters reported. The agreement between the two parties was concluded Thursday, February 18, 2016. Currently, it is a memorandum of understanding. “This new collaboration is an important next step in […]

Europol, the European Union’s top police agency, announced that it has arrested and detained two alleged members of DD4BC, a notorious DDoS-attack group. The attackers are known for threatening and effecting DDoS attacks on various bitcoin-related services and mining pools. The group extorts bitcoins for ceasing an attack.

A bank in Sharjah, UAE, fell victim to a hacker, who demands $3 million worth of bitcoins as a ransom.