The U.S. Justice Department reported it recouped $2.3 million of the $4.4 million ransom Colonial Pipeline Co. paid following a May 7 ransomware attack. The DOJ's Ransomware and Digital Extortion Task Force coordinated the effort, in which the FBI tracked payment to a bitcoin wallet it controls.
Iran is using its abundance of oil to generate electricity that powers a massive bitcoin cryptomining operation that enables the country to turn its greatest natural resource into money, offsetting some of its income lost as a result of economic sanctions, according to cryptocurrency analysis firm Elliptic.
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.
Does the West want to have its digital existence defined by adversaries, or is it ready to devote the time, resources, expertise and planning required to more fully take control of its evolving destiny? That's the techno-Darwinian call to arms issued by Jeremy Fleming, the director of Britain's GCHQ intelligence...
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.
Today's cryptocurrencies are based on cryptographic standards that eventually could be broken via quantum computing, says Gideon Samid of BitMint, which has developed a virtual currency based instead on the concept of "quantum randomness."
Nearly two thirds (65%) of large financial organizations have suffered a cyber-attack in the last 12 months, according to data security provider HelpSystems’ survey of 250 CISO/CIOs across the globe.
As financial CISO/CIOs consider the next three years amid Covid-19 uncertainty, it creates a huge cybersecurity...
Blockchain technology has been floated as a solution to enable remote, electronic voting. But MIT researchers say today's paper-based systems, while imperfect, are still the most reliable way to prove to voters that their selections have been accurately cast and tallied.
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 latest edition of the ISMG Security Report features a discussion with FBI Agent Elvis Chan on the cyber disruptions to expect immediately after the Nov. 3 U.S. election. Also featured: smart lock security flaws; cryptocurrency-funded crimes in 2021.
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 is an evolution, not a revolution," says Europol's Philipp Amann, who oversees the EU law enforcement intelligence agency's annual study of the latest cyber-enabled crime trends. Ransomware, social engineering and the criminal abuse of cryptocurrency and encryption are some of the top threats.
The Treasury Department has fined the owner of two bitcoin "mixing" sites $60 million for violating anti-money laundering laws. It's the first time the department's Financial Crimes Enforcement Network has issued a civil monetary penalty against the operator of a cryptocurrency site.