PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. FBI Director Christopher Wray added that his agents have observed the dangers of cryptocurrency’s criminal usage firsthand, noting that a promising technology has sometimes been used to conduct illicit activities. “We

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Cryptocurrency Bitcoin FBI Digital Currency 82

PYMNTS

JUNE 26, 2017

SamSam ransomware attacks are up — and the attackers are getting more demanding. Currently the malware has caught the FBI’s attention. victims, including 2016 attacks on healthcare facilities that were running outdated versions of the JBoss content management application,” the FBI says. MSIL or Samas.A

Ransomware 43

Ransomware FBI Bitcoin On-Demand 43

PYMNTS

MAY 20, 2016

Not only are ransomware creators TeslaCrypt closing up shop, the group is also reportedly sorry for all the damage they inflicted during their run. The now-defunct ransomware Trojan was designed to find and encrypt video games on PCs. Last month, the FBI stated that the use of ransomware has reached an all-time high.

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Ransomware FBI Shutdown Bitcoin 40

PYMNTS

AUGUST 10, 2018

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible. However, not everyone agrees.

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PYMNTS

MARCH 15, 2016

.” According to the cybersecurity companies, the tactics and tools used to perpetrate the growing rate of the ransomware attacks throughout the U.S. Ransomware isn’t a new problem by any means, but even more citizens and businesses across the U.S. million attacks in 2014, according to cybersecurity firm Symantec Corp.

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Ransomware FBI Cybersecurity Bitcoin 40

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.

Ransomware 40

Ransomware Crime FBI Bitcoin 40

PYMNTS

JUNE 19, 2017

With many cybercriminals choosing bitcoin as their currency of choice, the U.S. Even the FBI has said that paying ransom is sometimes the smarter thing to do. Until then, differentiating the “good guys” from the “bad guys,” at least in a formal legal sense, will continue to be as complex as the blockchain on which bitcoin is built.

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Regulations Bitcoin Money Laundering FBI 75

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. In March, for example. Jackson County, GA paid $400,000 from its $10.5

Ransomware 40

Ransomware FBI On-Demand Compromise 40

PYMNTS

SEPTEMBER 17, 2018

global ransomware attack; the theft of $81 million from Bangladesh Bank in 2016; the 2014 attack on Sony Pictures Entertainment ; and numerous other attacks on the entertainment, financial services, defense, technology, and virtual currency industries, as well as academia and electric utilities. Bitcoin Role.

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SWIFT Bitcoin Payments Database 63

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. According to The New York Times , the latest hacking scandal comes from an Austrian hotel, Romantik Seehotel Jaegerwirt, where over 180 guests were locked out of their rooms.

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Ransomware FBI Bitcoin Compromise 45

PYMNTS

JUNE 20, 2016

and elsewhere, the FBI found, leading to requests for $3.1 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. Often, these ransoms must be paid out in bitcoin. billion in losses hit U.K.

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Email Compromise Bitcoin APACS Wire Transfer 41

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

PYMNTS

JULY 3, 2017

Plus, the hearing for former FBI Director James Comey was scheduled for that morning. Discussion topics on the Hill this year ranged from APIs and same-day ACH to bitcoin and banking marijuana sales. The WannaCry ransomware attack demanded that victims pay ransom in bitcoin.

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NACHA Faster Payments Same Day ACH ACH 45