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

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

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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Ransomware End User Crime Law Enforcement 49

PYMNTS

JULY 27, 2017

And, as if he possibility of personal and payment information being hacked wasn’t disconcerting enough, consumers and retailers may be soon adding Bitcoin woes into the mix. Cryptocurrencies like Bitcoin were created to help add an additional layer of security to rising digital transactions. Although most U.S. Although most U.S.

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PYMNTS

JANUARY 17, 2017

In late December, Los Angeles Valley College found itself to be the latest victim of a ransomware attack — when malicious software is used by to block access to files until demands are met. The hackers sent the college a ransom note demanding payment in bitcoin within seven days for a private key to regain access to the files.

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PYMNTS

FEBRUARY 20, 2019

. “By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks and identify bad actors. It will also help us bring more cryptocurrencies and features to more people, while helping ensure compliance with local laws and regulations.”

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PYMNTS

JUNE 19, 2017

With many cybercriminals choosing bitcoin as their currency of choice, the U.S. But those regulations may be doing more harm than good, since they’re also keeping vigilante security consultants from doing business to protect their law-abiding clients from those same cybercriminals.

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PYMNTS

SEPTEMBER 11, 2020

For example, in April 2020 a RaaS (Ransomware as a Service) group called Sodinokibi (a former affiliate with the GrandCrab RaaS group) stated that future ransom request payments will be in Monero (XMR) rather than bitcoin (BTC) due to transaction privacy concerns," the agency states in its RFP. Even the U.S.

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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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IRS Law Enforcement Bitcoin Money Laundering 41

PYMNTS

MARCH 10, 2017

CyberEdge Group has said that ransomware incidents are hitting new highs in terms of, well, incidents, and that is in and of itself a troubling trend. Fizzle of the Week: Bitcoin. We’d say it was a volatile week for bitcoin — but if we are being honest, every week is pretty much a volatile week for bitcoin.

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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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PYMNTS

FEBRUARY 27, 2020

Hamilton dismissed certain claims within the lawsuit that Ripple had made false statements under California law, but left the door open for the investors to come forward with an amended complaint. Bitcoin has been friendly to crime in the past, becoming popular for perpetrators of ransomware and fraud. XRP fell 8.2

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Ransomware Crime Cryptocurrency Bitcoin 60

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.

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Business Email Compromise FBI Email Compromise Scams 56

PYMNTS

MARCH 29, 2018

Law enforcement in South Korea is looking into Youbit, the South Korean bitcoin exchange that was the subject of a heist that brought the exchange down, and are investigating the prospect that North Korea may have been involved. North Korea has denied it is involved in any of the recent hacks.

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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

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

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

AUGUST 21, 2017

The black market took a hit when, in July, law enforcement took down two of the biggest dark web marketplaces, AlphaBay and Hansa Market. On the dark web, some of those false listings come from law enforcement trying to bait criminals. It’s not that these sites didn’t have security or verification before.

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Law Enforcement Laws Verification Void 45

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

AUGUST 22, 2016

Reality Check: Bitcoin Is For Criminals. If Professor Rogoff wants to know what’s the currency of the big-time criminal today, it’s not cash, it’s bitcoin. Bitcoin is being credited for the rise in the rate of ransomware attacks , which have quadrupled this year. Why bitcoin? So, the reality check on bitcoin?

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Finovate

JANUARY 17, 2024

With apologies to Dr. Dre … the spot Bitcoin ETFs are here and everybody’s celebratin’! This week on Tales from the Crypto we’re taking a look at the launch and reception of the long-awaited spot bitcoin ETFs. Spot Bitcoin ETFs Have Arrived! The new bitcoin ETFs and their ticker symbols are below.

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PYMNTS

MARCH 10, 2016

Clarke’s third law states that “any sufficiently advanced technology is indistinguishable from magic.” On Monday (March 7), Reuters reported that the first instance of “ransomware” targeting Mac computers was identified over the weekend after being downloaded by an estimated 6,000 machines.

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Ransomware Cybersecurity Credit Cards Breach 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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