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Ransomware’s Mastermind Faces Justice: DOJ Targets Global Cybercrime Operation

Ransomware’s Mastermind Faces Justice: DOJ Targets Global Cybercrime OperationA Russian ransomware kingpin extradited from South Korea to the U.S. faces charges for orchestrating the $16 million Phobos malware targeting global critical infrastructure. Justice Catches Up: The Fall of a Ransomware Kingpin The U.S. Department of Justice (DOJ) announced Monday that Evgenii Ptitsyn, a 42-year-old Russian national, has been extradited from South Korea to […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model 

Crypto On/Off Ramp Discloses Breach, Says 1.14% of Users Affected

Crypto On/Off Ramp Discloses Breach, Says 1.14% of Users AffectedTransak, a cryptocurrency on/off-ramp service, confirmed on Oct. 21 that experienced a data breach affecting 1.14% of its users. A ransomware group claimed to have obtained sensitive data but Transak confirmed only limited information was accessed. The company said it is taking steps to address the incident and has contacted affected users and relevant authorities. […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model 

Internet Service Giant Says 237,703 Customers’ Social Security Numbers Exposed in Major Data Breach

Internet Service Giant Says 237,703 Customers’ Social Security Numbers Exposed in Major Data Breach

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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Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model 

DHS says it thwarted more than 500 crypto ransom attacks in 3 years

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.

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Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model 

4 Arrests, Sanctions Follow Global Operation Against Lockbit Group

4 Arrests, Sanctions Follow Global Operation Against Lockbit GroupEuropol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of critical individuals, including a developer and a hosting administrator. The operation is part of a larger international crackdown known […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model 

German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime Crackdown

German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime CrackdownGerman authorities have dismantled 47 exchange services involved in facilitating anonymous crypto transactions for criminal activities. These platforms bypassed anti-money laundering protocols, enabling cybercriminals to exchange digital currencies without identity verification. The takedown follows a series of other operations targeting major cybercrime networks. With seized user and transaction data, authorities are set to pursue further […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model 

Crypto Ransomware Inflows Rise As Attackers Shift to Targeted, ‘Big Game Hunting’ Strategy: Chainalysis

Crypto Ransomware Inflows Rise As Attackers Shift to Targeted, ‘Big Game Hunting’ Strategy: Chainalysis

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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Chainalysis alerts rise in crypto hacks and ransom in 2024

Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024.

A new report indicates that while overall illicit transactions in cryptocurrency markets declined in 2024, certain types of crypto-related criminal activity rose.

Aggregate illicit activity in crypto has dropped 19.6% year-to-date (YTD), falling from $20.9 billion to $16.7 billion by July 2024, according to the first part of the mid-year crypto crime update by Chainalysis released on Aug. 15.

Chainalysis found that legitimate crypto activity has been growing faster than illicit activity onchain in 2024, particularly due to positive industry events like the adoption of spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs) in the US.

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Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model 

‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks

‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks

New research from TRM Labs shows that Russian-speaking actors play the largest role in most crypto-related cybercrimes. According to a TRM Report, the crypto-enabled cybercrimes include darknet drug sales, illicit crypto exchange activity, and ransomware schemes. “Ransomware: Russian-speaking ransomware groups accounted for at least 69% of all crypto proceeds from ransomware in 2023, exceeding USD […]

The post ‘Comrades in Crime’ – New Research Shows Russian-Speaking Actors Account for Most Ransomware Crypto Attacks appeared first on The Daily Hodl.

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model 

FBI Seizes Cryptocurrency Linked to North Korean Ransomware

FBI Seizes Cryptocurrency Linked to North Korean RansomwareA grand jury in Kansas City indicted North Korean national Rim Jong Hyok for his role in a conspiracy involving ransomware attacks on U.S. hospitals and healthcare providers. The group laundered cryptocurrency proceeds and used the funds for further cyber intrusions into global defense, technology, and government entities. The ransomware attacks disrupted patient care and […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model