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Crimeware-as-a-service fuels cybercrime in crypto. Explore its impact, tactics used and key steps to safeguard your wallets and transactions.
Crimeware-as-a-service (CaaS) involves experienced criminals selling their tools and services to less experienced offenders for a price. This model resembles software-as-a-service (SaaS), where the provider gives access to the software to the subscriber. In the case of crimeware-as-a-service, the SaaS model has reshaped itself in the context of cybercrime.
In the early days of cybercrime, cybercriminals mostly worked alone or in small groups, playing with technology and trying to sneak into people’s bank accounts or emails for personal gains and fun. Criminals generally used email to send viruses and commit scams.
A South Carolina credit union says 240,000 customers have been exposed in an apparent cyberattack. SRP Federal Credit Union, one of the largest in the state with over $1.6 billion in assets as of 2022, filed breach notifications with regulators in Maine and Texas on December 13th, The Record reports. A law enforcement investigation discovered […]
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One of the largest internet service providers in the US says hundreds of thousands of customers’ social security numbers have been exposed. A new data breach notice at the Office of the Maine Attorney General shows a total of 237,703 customers at Comcast have had their names, addresses, social security numbers and birthdates exposed. In […]
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The US Department of Homeland Security reported that it has disrupted hundreds of ransom attacks since its formation in 2021.
United States Department of Homeland Security investigators say they’ve thwarted hundreds of ransomware cyberattacks, often before they occurred, and have seized billions of extorted crypto since 2021.
US agencies were the top targets, accounting for 21% of the disrupted hacks, more than any business sector, Mike Prado, the deputy assistant director of the Homeland Security Investigations (HSI) Cyber Crimes Center, told Bloomberg in an Oct. 4 report.
The division has disrupted 537 ransomware attacks since it was formed in 2021 and has traced and seized $4.3 billion worth of crypto from exchanges and hackers’ devices that had been stolen through extortion payments.
Market intelligence platform Chainalysis says losses from crypto theft and ransomware attacks have increased over the past year as attackers employ a new strategy to collect more from their victims. In a new report, Chainalysis says that stolen fund inflows nearly doubled from $857 million to $1.58 billion despite a general decline in illicit transactions. […]
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