PYMNTS

MARCH 9, 2020

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years.

Business Email Compromise 56

Business Email Compromise FBI Email Compromise Scams 56

PYMNTS

JUNE 27, 2019

One small Florida city has had to pay cybercriminals thousands of dollars in ransomware. Lake City, a community of about 12,000 people west of Jacksonville, forked over hundreds of thousands of dollars after a ransomware attack crippled its systems. million rainy-day fund after a cyberattack had compromised its backups. “I

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Ransomware FBI On-Demand Compromise 40

PYMNTS

APRIL 22, 2016

In this case, they were that, and at the end of that trail, we even found a few bitcoin. The link is a little circuitous since there was a bribery scheme in the mix, wrapped around some good, old-fashioned money laundering, which is, of course, how bitcoin comes into play. In other bitcoin news….

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Bitcoin Credit Union Money Laundering Identity Theft 42

PYMNTS

MAY 19, 2017

Last weekend, a major ransomware attack affected more than 200,000 computers in 150 countries across the globe. Targeting computers running the Microsoft Windows operating system, the malware encrypted users’ files and demanded payment in bitcoin equivalent to about $300 within 72 hours to regain access.

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Ransomware Cybersecurity Bitcoin On-Demand 46

PYMNTS

NOVEMBER 30, 2016

San Francisco’s Muni public transit system was reportedly hit by a ransomware attack over the weekend that took the light rail transit offline on Saturday (Nov. The attacker demanded 100 bitcoin (approximately $73,000) in ransom and displayed in the message to contact cryptom27@yandex.com for the decryption key.

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Ransomware Data Encryption Bitcoin Encryption 44

PYMNTS

FEBRUARY 28, 2020

In giving some insight into methodology, Intsights said the method used “is similar to mixers, where the actor will deposit Bitcoin into the exchange account and trade it for various Altcoins. Each time a trade is made, it further distances that original payment from its source account.”.

Money Laundering 86

Money Laundering Crime AML Cryptocurrency 86

PYMNTS

JANUARY 31, 2017

From baby monitors to smartphones and beyond, there’s virtually nothing that can’t be breached and/or compromised. Through a ransomware attack, there was no guest electronic keycard that was safe — each one had been hijacked by a sneaky hacker. To quickly assuage hotel guests’ concerns, Brandstaetter decided to pay the money.

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Ransomware FBI Bitcoin Compromise 45

PYMNTS

AUGUST 5, 2019

Business email compromise (BEC) attempt scams are gaining traction, targeting billions of dollars in ill-gotten gains. Micky.com reported that hackers “crippled” Lodi City in California phone lines and financial systems over a period of month, and demanded $400,000 in bitcoin.

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Business Email Compromise Fincen Scams Email Compromise 43

PYMNTS

MAY 15, 2017

Reuters and others reported that the ransomware infections that hit computers worldwide likely trace their genesis to the U.S. the shipping giant, said computers running Windows were compromised — and for the Windows impact, the fault may lie with variants of the “WannaCry” malware. Similarly FedEx Corp., Hospitals in the U.K.

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Ransomware Law Enforcement Cybersecurity Government 40

PYMNTS

MARCH 24, 2017

Whether a mysterious “crime family” is really out to compromise iCloud and.mac accounts is yet to be seen, but either way the possible extortion of a tech giant is worrisome. It’s been an interesting week when it comes to Apple’s cybersecurity news.

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Credential Crime Ransomware Data Breach 45

PYMNTS

JUNE 20, 2016

The business email compromise has created more than 22,000 cases in the U.S. Business email compromises are also on the rise in the U.K., firms think bitcoin is a flop , found Smith & William’s Enterprise Index survey. businesses said they’re stockpiling bitcoin in case of a cyberattack , reported Citrix.

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Email Compromise Bitcoin APACS Wire Transfer 41

PYMNTS

MAY 22, 2017

In early May, approximately 300,000 computer systems in more than 150 countries were compromised by the WannaCry cyberattack. To date, more than $80,000 in bitcoin payments have been made so users could access their files again. Hacking and cyber threats like ransomware are hardly new phenomena. s National Health Service.

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Regulations Authentication Ransomware Money Laundering 46

PYMNTS

MAY 17, 2017

” As of now, researchers at RSA Security, a part of Dell, are also at a loss as to where the first WannaCry compromise came from in their network, the report said. . “How the hell did this get on there, and could this be repeatedly used again?”

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Research Phishing Cybersecurity Bitcoin 40

PYMNTS

MAY 15, 2017

The massive wave of crypto-ransomware cyberattacks now reported to have hit more than 200,000 computers in 150 countries shouldn’t be just another “look at how smart and cunning and horrible those cybercriminals are” headline. That means bitcoin. What Does Any of This Have To Do With Bitcoin? Who Is Frances Kelsey?

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Bitcoin Ransomware Multi-Currency Regulations 62

CoinRemitter

MAY 20, 2024

In 2023, cybercriminals using ransomware attacks extracted over $1.1 In 2018, the Bitcoin network faced dusting when many wallets suddenly received a small amount of Bitcoin called 888 satoshis. This means they hijack users’ computer’s power to mine cryptocurrency without their permission.

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Scams Cryptocurrency Security Phishing 40

PYMNTS

JUNE 2, 2017

For those who aren’t familiar with the digital currency, Zcash is – like bitcoin – an altcoin used for anonymous online transactions. In an encrypted message, Shadow Brokers announced the timely delivery of crippling exploits, such as Windows 10 bugs, ransomware, malware and internal info about international nuclear missile programs.

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Ransomware Blockchain Compromise Bitcoin 40