Hackers, Criminals Continue Being Faithful to Bitcoin
Bitcoin, a wonderful creation of this century has two faces. One which is helping the unbanked and underbanked across the world gain access to financial services by making money transfer and transactions affordable and another on the dark side being the most favoured currency among the criminal kind. Gone were the days when criminals demanded hard cash or a wire transfer to some offshore bank account outside the jurisdiction of the country they were operating in. They have graduated, become savvy enough to demand bitcoins instead. Why bitcoins? Because it is easier to move bitcoin than....
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Cyber criminals attacking businesses for bitcoin has spread from the West to the Far East, as new attacks are being reported by some of the world's top Asian banks. The Bank of China and the Bank of East Asia have been attacked in recent days by hackers looking for Bitcoin ransom, according to Hong Kong's The Standard news feed. These hackers have damaged the bank's websites, and they are believed to not be domestic but foreign criminals. Cyber Criminals Say Attacks Will Continue. The attackers claim to want bitcoin as ransom, and will resume the digital damage unless they get what they....
While these attacks against US companies have subsided for the time being, there is no reason to believe the Bitcoin malware threat is over. Internet criminals resort to this type of malware to target both consumers and businesses alike, in the hopes of forcing people into paying the associated ransom to restore computer access. One of the most recent waves of Bitcoin ransomware attacks executed against US companies has been allegedly instigated by Chinese hackers. Although corporate espionage and hacking attempts between the US and China are nothing new, it is the first time a large-scale....
Cyber security is on the minds of everybody in the technology world these days, yet hackers and internet criminals seem to be outsmarting the masses yet again. One particular cyber criminal syndicate is using malware-as-a-service through the Nuclear exploit kit. Malware-as-a-service Is A Thing Now. Everything is being turned into some “as-a-service” model, whether it is technology, the blockchain, or in this case, malware. A syndicate of cyber criminals are using the Nuclear exploit kit to spread malware worldwide, and they control a total of fifteen active control panels. Up until now, no....
With the financial ecosystem on the proverbial brink of collapsing, there is a growing concern among banking industry experts. Not about the imminent collapse itself, though, but how hackers can easily attack the global financial system. A Threat to The Archaic Global Financial System. Although hackers attempting to steal funds is not particularly new in....
When it comes to computer security, both individual users and companies still have a lot to learn. Computer security is an ever-evolving creature, and everyday consumers have become reliant on it for most of their daily tasks. But there are a few things every individual user should be aware of, according to computer security experts. The world of computer security is filled with various types of misinformation and half-truths. One of the most common mistakes everyday consumers make is thinking that all hackers are per definition criminals. It is important to distinguish between white-hat....