PYMNTS

JUNE 4, 2020

universities have been the victims of ransomware attacks in the past week, according to Cointelegraph. The information comes from a ransomware gang, boasting that they successfully attacked the University of California San Francisco on June 3, the most recent attack.

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PYMNTS

DECEMBER 1, 2020

Bitcoin saw a new all-time record high on Monday (Nov. Bitcoin’s price has been steadily rising in recent weeks, climbing above $19,000 last week , thanks to the pandemic-driven shift toward digital payments and cryptocurrency adoption by several mainstream companies, including Square and PayPal. Eastern Time.

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PYMNTS

FEBRUARY 10, 2020

have plummeted in recent years, and ransomware cyberattacks have skyrocketed. Data Shows 41 Pct Hike In Ransomware Attacks In 2019. Ransomware cyberattacks are up 41 percent from last year, taking down computer networks across businesses, hospital and governments. In today’s top news, Chinese tech investments in the U.S.

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Ransomware Central Bank Crime Bitcoin 56

PYMNTS

AUGUST 18, 2016

IT security company Check Point released its in-depth research on the growing threat of Ransomware-as-a-Service (RaaS). In order to avoid money collected from being traced, Cerber uses bitcoin currency and creates unique bitcoin wallets in order to receive funds from its victims. In the “2015 Internet Crime Report,” Randall C.

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PYMNTS

APRIL 27, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

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PYMNTS

APRIL 28, 2017

was the number one target for ransomware last year. To start, ransomware threats escalated globally through 2016 in size, number and kind. Likewise, they registered a 36 percent increase in ransomware attacks globally in the same period. It’s no surprise, then, that the written amount of ransomware has gone up and that the U.S.

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PYMNTS

FEBRUARY 3, 2020

Bitcoin and the Cybercrime Boom . The price of bitcoin may be down, and trading activity may have gotten a bit sluggish in the last year, but among at least one demographic group crypto will always be king. According to reports last week, bitcoin-backed crime was at an all-time high last year.

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PYMNTS

JANUARY 25, 2017

It looks like ransomware has gotten by the safeguard in Google Play, the official Android marketplace for apps. Called Charger, the ransomware was hiding out in an app called Energy Rescue for at least one Android handset user, according to a blog post from Check Point Software. bitcoin — or about $180.

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PYMNTS

JANUARY 31, 2020

And finally, there’s bitcoin, which has seen its use, transacting, trading and popularity fall off of late — except for among one group: criminals. And, speaking of things that may not be the future of financial services… Bitcoin, The Currency Of Digital Crime . But that future won’t be built by bitcoin.

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PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime. The tailwinds for cybercrime? IntSights reported that there were 453.7

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Money Laundering Crime AML Cryptocurrency 86

PYMNTS

JANUARY 18, 2018

Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. The report noted that roughly 100 platforms have registered with the Financial Crimes Enforcement Network. Sigal Mandelker, the U.S.

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PYMNTS

JULY 16, 2019

Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch.

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PYMNTS

FEBRUARY 27, 2020

Bitcoin has been friendly to crime in the past, becoming popular for perpetrators of ransomware and fraud. XRP fell 8.2 percent to about 23 cents at the close of New York trading, having fallen about 14 percent this week, according to numbers compiled by Bloomberg.

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PYMNTS

OCTOBER 18, 2019

Thus, for criminals, at times bitcoin and other cryptos are a conduit to money laundering, ransomware and, at times, just trying to hide in plain sight. In news at the end of this week, the largest child pornography site in the world has been shuttered — and had operated across the Dark Web, funded by bitcoin.

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PYMNTS

JANUARY 31, 2017

Through a ransomware attack, there was no guest electronic keycard that was safe — each one had been hijacked by a sneaky hacker. From the crime dramas of “Law & Order” and “The Good Wife,” to shows that specifically focus on hacking, like “Mr. What’s the cause for this increased influx of cyberattacks?

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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. The men mentioned have both had charges brought against them by the U.S.

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PYMNTS

MAY 15, 2017

Reuters and others reported that the ransomware infections that hit computers worldwide likely trace their genesis to the U.S. fell victim Friday (May 12) of a cyberattack , while several companies in Spain were hit with a ransomware attack. El Mundo reported attackers want a ransom paid in bitcoin, Bloomberg stated.

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PYMNTS

AUGUST 5, 2019

To that end, the Financial Crimes Enforcement Network (FinCEN), part of the US Department of the Treasury, has estimated that fraudsters have tried to scam as much as $9 billion through business e-mail compromise attempts since 2016. The ransomware came through an invoice delivered through BEC.

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PYMNTS

MAY 22, 2017

The ransomware attack affected a range of players, including delivery services like FedEx, automakers including Renault and Nissan, transportation operations such as Germany’s Deutsche Bahn and even medical systems such as the U.K.’s To date, more than $80,000 in bitcoin payments have been made so users could access their files again.

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PYMNTS

JUNE 20, 2016

The data led industry experts to warn companies that they should report cybercrime as soon as possible to law enforcement, though some officials agree that the mechanisms to report such crimes are far from straightforward and streamlined. firms think bitcoin is a flop , found Smith & William’s Enterprise Index survey.

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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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PYMNTS

JANUARY 1, 2021

Among the government's arguments for expanding the policy is the use of cryptocurrency in crimes such as the distribution of ransomware. Treasury follows through with enacting the regulation after a comment period expires in the coming weeks, crypto exchanges will have to report transactions valued at $10,000 or more.

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CoinRemitter

MAY 20, 2024

With the emergence of crypto payments as an alternative to traditional transactions, crypto-related crimes have also increased. 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.

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