Featured Cyber

Crypto Channels Targeted in Biden’s Fight Against Ransomware

The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect themselves from them. Deputy Treasury Secretary Wally Adeyemo told reporters that the sanctions would be imposed on Suex, a cryptocurrency transferring… Read More

Bitcoin ledger as a secret weapon in war against ransomware

Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure, like the Colonial Pipeline incursion that crippled oil and gas deliveries for a week along the U.S. East Coast, have… Read More

Cyber crime spreads in Australia as COVID-19 pushes more people online

Australia reported on Wednesday a 13% jump in cyber crime in the past year, with about one incident in four targeting critical infrastructure and services as working from home during the pandemic made more people vulnerable to online attacks. The Australian Cyber Security Centre (ACSC) received one cybercrime report every… Read More
13th September 2021
By Martin Laine, OCCRP, 9 September 2021 OCCRP — In October 2020, Maxim Karpenko, an independent Russian mobile game developer, was sitting on a train about to go on vacation when a friend messaged him with troubling news. Stavrio Ltd., a little-known company in the U.K., had… Read More
8th September 2021
According to a report by Yle, the National Bureau of Investigation (KRP) has increased efforts to monitor illegal trafficking of drugs and other substances online, in collaboration with other authorities. As per the 2019 Global Drugs Survey (GDS), Finland was the country with the most amount… Read More
1st September 2021
A hacker has returned $336,000 to a British collector after he tricked him into buying a fake NFT advertised through the artist’s official website. A link to an online auction for the NFT was posted on a now-deleted page of The auction ended early after the man offered 90%… Read More
1st September 2021
Hackers who stole about $97 million in cryptocurrency from the Liquid exchange used the non-custodial, privacy-focused Wasabi wallet to protect some of their gains, according to sleuthing firm Crystal Blockchain. Bitcoin from the wallets Liquid identified as belonging to the hackers has been on… Read More
31st August 2021
The U.S. Securities and Exchange Commission will monitor decentralized finance transactions, after contracting with the blockchain cybersecurity firm AnChain.AI, which confirmed the agreement over social media last week. Legal experts suggest this and other recent moves preview increased regulation of the decentralized finance space. The San Jose, California-based analytics… Read More
27th August 2021
Individuals and organisations in the UK reported losses of £1.3bn to fraud and cyber crime between 1 January and 31 July 2021, a threefold increase on the year-ago figure of £414.7m, as reported instances of cyber crime spike by seven times, rising from 39,160 to 289,437. This… Read More
27th August 2021
PolyNetwork, the anonymously run cryptocurrency project that claimed it was the victim of what was likely the biggest ever theft in the bustling world of decentralized finance, said it has recovered all the funds related to the hack. The protocol, which lets people send various digital tokens across… Read More
26th August 2021
The proliferation of cybercrime, especially with the heightened digitalization of financial transactions amid the pandemic, has made it imperative for Congress to pass the proposed Bank Account and E-Wallet Regulation Act to further protect the financial system, the banking community said. The proposed legislation under House Bill No. 9615 punishes… Read More
25th August 2021
By David Klein, OCCRP, 24 August 2021 OCCRP — Italian Mafia groups, particularly ‘Ndrangheta, the country’s strongest and most powerful criminal syndicate, are growing more and more attuned to modern tools like cryptocurrency and the deep web, the Italian Anti-Mafia Directorate (DIA) said in their latest report… Read More
23rd August 2021
The Dubai Misdemeanour Court has convicted eight individuals and three companies for cyber fraud and laundering of stolen funds amounting to about Dh14 million ($3.81m), as the UAE continues to combat financial crimes. One of the defendants hacked into a company’s bank account and fraudulently transferred money into his own… Read More