Hackers Target Liechtenstein Bank As Cash-For-Bitcoin Style Attacks Continue
A European bank has become the latest victim of ransom attacks, as customers are now faced with paying 10 percent of their balances or having their personal data exposed. The attack is affecting the Liechtenstein operations of Swiss Bank Valartis, recently acquired by Hong Kong-based Citychamp Watch & Jewellery Group Ltd. Customers threatened directly. Valartis, which only recently received the all clear to operate in neighboring Switzerland following liquidity problems, has only given limited information on the situation. “We’ve alerted the authorities and are communicating with....
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An unnamed Ukrainian bank has lost over $10 million after hackers broke into the systems and stole the money. The banks now have an urgent need for blockchain based fund transfer solutions, as the conventional systems are being frequently compromised. The SWIFT network, which is widely used by the banks across the world for electronic fund transfers has been affected by multiple hacking attacks till date, resulting in huge loss of funds. After the recent hacking incident where hackers stole money belonging to the Central Bank of Bangladesh from US Federal Reserve, a Ukrainian bank has....
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....
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....
A group of hackers has donated some of the bitcoin it extorted via ransomware attacks to charities, claiming that it wants to “make the world a better place.” However, the law says donations from ill-gotten gains must be rejected but charities have no way of returning donated bitcoin to the hackers. Hackers Donate Bitcoin to Charities A group of hackers known as “Darkside” has surprised the world by donating a portion of the proceeds from ransomware attacks to two charities, the BBC reported Monday, adding that the group is relatively new on the scene. Darkside....
Despite the mounting number of blown up bank ATMs in Europe, the “profits” only rose by 3%. Bank ATMs have always been a valuable target for criminals. In most cases, they would use malware to steal card information and defraud users. However, it looks like a more dangerous trend is taking place over in Europe right now. The number of cash machines being blown up with explosives has increased by 80% in the first half of 2016. A very worrisome trend, to say the least. One of the more obvious questions is why criminals would decide to blow up cash machines in the first place. With nearly 500....