Crypto News 

Cybercrime Center in UK Urges Crypto…

“In addition, they are training their police force in the intricacies involved in dealing with virtual currencies in their investigations” writes Nikita Blows for livebitcoinnews.com. Even though the price of Bitcoin is nowhere near it’s December 2017 numbers, interest in the crypto industry is still high, for both fans and fraudsters alike.Some countries, like the United Kingdom, are already leading the way in fostering mass adoption for both blockchain technology and cryptocurrencies.This comes in the wake of so-called clone firms popping up in another attempt to swindle people out of…

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AUD News 

Corporate Cybercrime Makes Inroads In Australia

“In Australia, roughly half of firms have encountered cybercrime, as the dark web has offered conduits to ply payments and other fraud” reports pymnts.com. In some cases, the indictment in the state Supreme Court alleged, in connection with insurance fraud, wage theft occurred.Against that backdrop, the bad guys come posing as customers, employees or suppliers and find their ways into the victims, and the tools available on the dark web are both cheaper and more effective. Source: pymnts.com Share This:

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Crypto News 

stolen about $1.2 billion in cryptocurrencies since the beginning of 2017

“WHOIS data is a fundamental resource for investigators and law enforcement officials who work to prevent thefts, Jevans said” writes Gertrude Chavez-dreyfuss for reuters.com. Jevans is also chairman of APWG. Of the $1.2 billion, Jevans estimates that only about 20 percent or less has been recovered, noting that global law enforcement agencies have their hands full tracking down these criminals.The implementation of GDPR means that most European domain data in WHOIS, the internet’s database of record, will no longer be published publicly after May 25.NEW YORK (Reuters) – Criminals have…

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Crypto News 

About $1.2 billion in cryptocurrency stolen since 2017: cybercrime group

“WHOIS data is a fundamental resource for investigators and law enforcement officials who work to prevent thefts, Jevans said” writes Midwest Communications Inc for 95kqds.com. Jevans is also chairman of APWG. Of the $1.2 billion, Jevans estimates that only about 20 percent or less has been recovered, noting that global law enforcement agencies have their hands full tracking down these criminals.”By restricting access to critical information, the new law will significantly hinder investigations into cybercrime, cryptocurrency theft, phishing, ransomware, malware, fraud and crypto-jacking,” he added.The estimates were part of the…

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Crypto News 

Anti-Phishing Working Group estimates criminals have stolen $1.2B in cryptocurrencies since the beginning of 2017, of which under 20% has been recovered

“WHOIS data is a fundamental resource for investigators and law enforcement officials who work to prevent thefts, Jevans said” writes Gertrude Chavez-dreyfuss for reuters.com. Jevans is also chairman of APWG. Of the $1.2 billion, Jevans estimates that only about 20 percent or less has been recovered, noting that global law enforcement agencies have their hands full tracking down these criminals.The implementation of GDPR means that most European domain data in WHOIS, the internet’s database of record, will no longer be published publicly after May 25.NEW YORK (Reuters) – Criminals have…

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News 

The Web of Profit: A look at the cybercrime economy

“My goal was to get a better sense of how the cybercrime economy works” writes Mike Mcguire for venturebeat.com. Without a holistic overview, one that considers the dynamic and interconnected nature of the cybercrime economy, we will never have a full and accurate understanding of the problem.The cybercrime economy has also become a kind of mirror image of contemporary capitalism – reproducing disruptive business models popularized by the likes of Amazon and Uber.Though it constitutes a relatively new criminal economy, cybercrime is already generating at least $1.5 trillion in revenues…

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News 

Police arrest the man behind a billion-dollar cybercrime spree that tricked ATMs into spitting out free cash

“Business Insider/YouTube The suspected mastermind of a billion-dollar cybercrime network, which tricked ATMs into spitting out cash unprompted, has been arrested” writes Kieran Corcoran for businessinsider.com. Criminal gangs would then send people to stand by the ATM at the right moment and pick up the cash.Surveillance video shows a man removing cash from an ATM without entering any information as part of the malware attack.The machines could be instructed to dispense a predetermined amount of cash at a given location and time.One of the more eye-catching methods used to remove…

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News 

A strategic strategy for cyber-bullying in international level

“Today, the concepts of “cyber security”, “cyber defense” and “cyber-bullying” have replaced the notion of “information dominance.”” reports tehrantimes.com. Identifying the effects of a cyber attack is much more similar to identifying the effects of biological weapons.Intrusions in cyberspace, although possible and possible, cannot be limited to existing measures, but unique concepts have to be developed and presented.For example, the problem of identifying cyber attacks is reminiscent of the challenges of deterrence of nuclear terrorism.Since the principle of self-restraint addresses a wide range of threats, it used in the military…

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News 

Greece opens Russian cybercrime suspect’s extradition case

“A panel of Greek judges has opened the extradition hearing of Russian cybercrime suspect Alexander Vinnik, who is wanted in the United States in a $4 billion bitcoin fraud case” reports foxbusiness.com. At the start of Friday’s hearing in the northern city of Thessaloniki, Vinnik, 37, said he would fight the extradition Complicating matters, Russia also wants his extradition on separate fraud charges.Vinnik was arrested on vacation in Greece on July 25 and detained pending the extradition hearing following a request from U.S. Attorney’s Office in the Northern District of…

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