Bankrupt Detroit Held Hostage by Cybercriminals
The American city of Detroit has been suffering serious financial problems for a number of years, and now it seems to be under attack by cybercriminals, as well. In April, according to Detroit Mayor Mike Dugan, attackers froze the city’s database and held it for a ransom of 2,000 bitcoins, or nearly US$800,000 at the current Bitcoin exchange rate. Fortunately for the city, the databases were not needed by the city, and they did not have to pay the ransom. Along with its serious financial problems, however, Detroit has, according to officials, been under constant cyberattacks for a number....
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Detroit has had its share of hardships in the last century, but now it has found itself home to the Detroit Bitcoin Center (DBC). Daniel Bloch, a co-founder of the College Crypto-currency Network (CCN), and a DBC initiative leader or, as he likes to say, the “Chief Inspiration Officer” remarks that the DBC is destined to become the center of Bitcoin educational outreach and entrepreneurial collaboration for Detroit very soon. The DBC is expected to be up and running within the next month! With a 7,000 sqft generously donated by a Michigan Bitcoiner, the DBC hopes to engage the Detroit....
By accepting crypto for taxes and other local municipal payments, Detroit would become the largest city in the United States to accept crypto for payments. The program is scheduled to start in the middle of 2025, according to Detroit’s local officials. The initiative would be expected to run on a secure platform managed by PayPal. […]
WARNING! There is a new ransomware on the block. With great power comes great responsibility! However, it is unfortunate that cybercriminals are leveraging upon the power of bitcoin (especially anonymity and ease of transfer) for all the wrong purposes. Recently many computers around the world were targeted by multiple ransomware. These ransomware - TorrentLocker, CTB-Locker and the latest TeslaCrypt enters the computer through infected files that the user might have downloaded as an email attachment or a software patch/ plugin. Once written to disk, they gain access to stored data to....
I am pleased to have the honor of posting my daily sports betting picks here on CryptoCoinsNews! Along with the current odds on Bitbook.biz, I will also be posting a short summary behind the reasoning for this pick to succeed. Here are my sports picks for January 20, 2014. NHL: Pittsburgh Penguins vs. Florida Panthers. Pick: Pittsburgh ML -275. Pittsburgh Penguins vs. Florida Panthers. Pick: Over 5.5 +100. The Pittsburgh Penguins will be hosting the Florida Panthers at the Consol Energy Centre tonight. The past 8 meetings have resulted in 8 out of 8 wins for Pittsburgh, and I expect....
Technology has come to that point where all businesses are migrating to cloud based services. Everything from emails, websites, file sharing to enterprise level software run on cloud services these days. Therefore, it doesn't come as a surprise that the cybercriminals are also choosing greener pastures for their business (if you can call it so). Cloud: The New Home for Cybercriminals. It was found that the number of attacks on cloud services have gradually increased in the past one year and the trend is expected to continue. Alcatel Lucent's Motive Security Labs define cloud services as....