The White House has written to business leaders, urging them to prioritize having robust ransomware defenses in place. The move comes as the Biden administration pursues multiple strategies to combat ransomware and digital extortion, including ordering a new task force to coordinate all federal investigations.
Cryptocurrency is gaining traction worldwide. But is it ready to displace the U.S. dollar as the world's reserve currency? Kathy Wang and Kenneth Geers of Very Good Security bring this topic to the RSA Conference stage and share exclusive insights in this panel discussion.
Has the CEO of inaccessible Turkish cryptocurrency exchange Thodex exit-scammed, fleeing the country with $2 billion worth of his customers' assets? So say critics, and police have launched an investigation. But the CEO, Faruk Fatih Ozer, who's in Albania, has vowed to clear his name and restore users' funds.
Hackers with apparent ties to North Korea who hit e-commerce shops via Magecart-style attacks to steal payment card data also tested malicious tools for stealing cryptocurrency, reports cybersecurity firm Group-IB. Such functionality could trick customers into paying with cryptocurrency.
For the second time in two years, the contents of the darknet payment card marketplace Swarmshop have been removed and posted to a competing underground forum, Group-IB reports. The content includes data on more than 600,000 payment cards as well as administrator, seller and buyer information.
The latest edition of the ISMG Security Report features an analysis of retailer Fat Face’s awkward "strictly private and confidential" data breach notification. Also featured: Discussions on the ethics of buying leaked data and the rise of central bank digital currencies.
Anyone wanting to invent a system designed to stoke widespread abuse by fraudsters would be hard-pressed to best the non-fungible token. Because they get bought and sold using cryptocurrency, it's only a question of when scammers will turn their attention to defrauding NFT aficionados.
The Florida teen whom prosecutors call the mastermind behind last year's hack of 130 high-profile Twitter accounts to wage a cryptocurrency scam pleaded guilty Tuesday and was sentenced to serve three years in a juvenile facility.
How can crypto banks mitigate the risks of money laundering, synthetic ID fraud and mule accounts? Aaron Lint, CISO at Anchorage Digital Bank, says biometrics and "repeatable cryptography, especially in the form of digital signatures,” can play key roles.
Cybersecurity entrepreneur John McAfee, who already faces tax evasion charges, has now been indicted for allegedly using his vast social media following to run cryptocurrency pump-and-dump schemes as well as promote virtual currencies to investors without revealing his stake in them, federal prosecutors say.
A cryptomining botnet campaign is using bitcoin blockchain transactions to hide command-and-control server addresses and stay under the radar, defeating takedown attempts, according to security firm Akamai.