$5.2 billion worth of Bitcoin transactions possibly tied to ransomware

Threat actors are increasingly using advanced tactics to obfuscate and launder their illicit gains, a report by the US Government finds. As much as US$5.2 billion worth of outgoing Bitcoin transactions may be tied to ransomware payouts involving the top 10 most common ransomware variants alone, according to a report by the Financial Crimes Enforcement Network (FinCEN) … More $5.2 billion worth of Bitcoin transactions possibly tied to ransomware

Hackers swipe almost $100 million from major cryptocurrency exchange

Japanese cryptocurrency exchange Liquid suspends cryptocurrency deposits and withdrawals and moves its assets into cold storage. Japanese cryptocurrency exchange platform Liquid has fallen victim to enterprising hackers who compromised its warm wallets and made off with more than US$97 million in various cryptocurrency assets. “At roughly 7:50 AM SGT on August 19th, Liquid’s Operations and … More Hackers swipe almost $100 million from major cryptocurrency exchange

Ransomware: To pay or not to pay? Legal or illegal? These are the questions …

Caught between a rock and a hard place, many ransomware victims cave in to extortion demands. Here’s what might change the calculus. The recent spate of ransomware payments cannot be the best use of cybersecurity budgets or shareholder capital, nor is it the best use of insurance industry funds. So, why are companies paying and … More Ransomware: To pay or not to pay? Legal or illegal? These are the questions …

Tracking ransomware cryptocurrency payments: What now for Bitcoin?

Should we expect cybercriminals to ditch the pseudonymous cryptocurrency for other forms of payment that may be better at throwing law enforcement off the scent? Earlier this week, the Department of Justice announced it seized around $2.3 million worth of bitcoin (BTC 63.7) collected in the BTC 75 payment for Colonial Pipeline ransomware. Does this mean Bitcoin … More Tracking ransomware cryptocurrency payments: What now for Bitcoin?