Alexander Vinnik, a Russian national who founded the now-defunct BTC-e cryptocurrency exchange, has been found guilty of money laundering in France and has been sentenced to five years in prison, according to media reports. He faces additional charges in the U.S. and Russia.
The latest edition of the ISMG Security Report features an analysis of how cybercriminals are ditching banking Trojans in favor of ransomware attacks. Also featured: Defending against deep fakes; supporting a dispersed workforce.
India's urban cooperative banks need to take a holistic approach to build a security governance structure, opt for an ASP services model and map their business-critical risks to comply with the RBI's security posture guidelines, according to a panel of experts.
The Muhstik botnet, which has been operating for at least two years, has recently started targeting vulnerabilities in the Oracle WebLogic application server and the Drupal content management system as a way to expand its cryptocurrency mining capabilities, according to security firm Lacework.
The operators behind a botnet dubbed "Gitpaste-12" are abusing legitimate services such as GitHub and Pastebin to help hide the malware's malicious infrastructure, according to Juniper Threat Labs. This botnet mainly targets Linux apps and IoT devices and can mine cryptocurrency.
The U.S. Justice Department is looking to seize more than $1 billion worth of bitcoin that investigators have linked to the notorious Silk Road darknet marketplace. The cryptocurrency was stored within a mysterious digital wallet that had been dormant for years, but the subject of much speculation.
Researchers are tracking the movements of nearly $1 billion in cryptocurrency that recently moved from a mysterious digital wallet, which may have ties to the notorious darknet marketplace Silk Road, which law enforcement shuttered in 2013.
Security researchers at Imperva have uncovered a botnet that attacks vulnerabilities in websites' underlying content management systems and then uses these compromised servers to mine for cryptocurrency or send spam to more victims.
Cybercrime wouldn't exist as we know it today without there being a multitude of technologies and services that criminals have been able to turn to their advantage, and cryptocurrency is one of the prime examples, especially when it comes to ransomware, darknet markets and money laundering.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
An international coalition of police agencies made 179 arrests and seized virtual currency, cash and drugs based on intelligence gathered from earlier takedowns of the Wall Street and Alphabay darknet marketplaces.
Empire is the latest darknet market to "exit scam," meaning administrators ran away with users' cryptocurrency, leaving the market to fail. Given the ongoing risk of exit scams, as well as police often targeting such markets, why do they persist?
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.