Experts Claim Cyber Attacks On Crypto Firms Will Rise, What’s Ahead?
Regarding cryptocurrency cybercrimes and attacks, North Korea is a notable region with increased activities. Many groups are posing high threats through their attack on some crypto protocols. Also, a report in June disclosed that North Korea has 7 million active hackers. Many stolen funds running into millions of dollars have been traced back to the North Korean attacks. Also, most stolen funds are allegedly used for sponsoring different war weapons, suicide bombings, and other crimes. North Korea is notably struggling with some economic sanctions that have drastically limited most....
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The following are the 6 countries, written in descending order, which rank among the most targeted by cybercriminals. Cyber security has become the latest ‘in-word’ around the globe. Putting the verbal fashion aside, organizations and individuals are struggling to protect themselves against online attacks and threats from left, right and center. With the rate of information growing exponentially in value and in volume, cyber risks are increasingly posing serious threat to governments, businesses and economies around the world. Fortunately, experts have found that the growing awareness....
Popcorn Time ransomware offers victims a chance to claim the decryption key for free, if they infect two more users. Ransomware has become the latest evil on the internet. The number of victims falling to ransomware attacks either due to negligence or lack of awareness about good internet usage practices has been on a rise since the past couple of years. Almost all ransomware attacks are accompanied by a demand for payment in Bitcoin. Due to the rising attacks, media outlets, cyber security firms and even law enforcement agencies have started advising internet users on safe internet usage....
The number of hacking attacks on various companies, irrespective of their business have been on a rise across the world. The increasing frequency and the extent of such attacks have driven the costs of obtaining a cyber insurance cover upwards. The premium for such insurance policies vary from business to business, based on the factor of risk associated with them. Among all the businesses, banking, finance and especially cryptocurrency based businesses are the worst affected due to drastic increase in rates and deductibles. Over that, insurers in some cases are also setting a cap to....
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....
The highly secretive NSA arm, Equation Group's systems were compromised by hackers, who are now willing to sell the stolen hacking tools for 1 million Bitcoin. The hacker just became the hacked. A known offshoot of the National Security Agency responsible for conducting cyber-attacks across the world has been targeted by a group of unknown hackers. According to reports, a bunch of hacking tools used by the NSA’s Equation Group for conducting cyber-attacks were dumped online recently by the hackers who allegedly made way into their systems. The publicly dumped files include malware, private....