Former UK Cyber Intelligence Official Pushes for Law Change to Stop Bitcoin R...
A former U.K. cybersecurity chief has raised concerns that ransomware incidents are close to “getting out of control.” Ciaran Martin has also called for laws to prevent people from paying bitcoin to cybercriminals. Former Official Claims Most of the Cybercriminals Are Based in Russia During an interview with The Guardian, Martin, who was the head of the National Cyber Security Centre (NCSC), pointed out that insurance firms are indirectly funding organized crimes in ransomware incidents. Martin believes that companies’ insurance claims from ransomware attacks help....
Related News
Former New York State Department of Financial Services (NYDFS) Regulator Dana Syracuse and Federal Bureau of Investigation (FBI) Crypto-Currency Expert Vincent D'Agostino will be joining the regulatory compliance team of K2 Intelligence, a leading compliance and cyber defense company. These two senior executives have served at the forefront of banking law, virtual currency and cybersecurity regulation, and criminal cryptocurrency investigations. Syracuse served as the former Associate General Counsel of NYDFS and was appointed as the Managing Director and a member of K2 Intelligence's....
In less than a month since its launch, government agencies and law enforcement arrested two individuals who are suspected to the leaders of the cyber-criminal group. According to the official statement released by EUROPOL, the suspects were arrested in Austria, by the local police. Government and law enforcement agencies in Austria, Bosnia and Herzegovinia, Germany and the United Kingdom in collaboration with Netherlands-based intelligence and information agency Europol has launched an official investigation targeted at the cyber-criminal group DD4BC. Since early 2015, DD4BC, a group of....
On August 25, 2016, Australia’s Minister of Finance, Malcolm Keenan, announced that the Australian Transaction Reports & Analysis Centre (AUSTRAC), will be launching a new cyber-intelligence team. Task Force Designated to Take on “Financial Threats” Facing Australia. The team is intended to specialize in gathering information about financial threats to the country as as an additional way of preventing and managing finance-related cybercrime. Some threats the team will attempt to prevent include financial fraud, money laundering, and terrorism financing via the Internet. According to....
The crypto space, long viewed as particularly vulnerable to cyber criminals due to its nascent stage, faces fresh malware threats. A recent joint report from top intelligence agencies in the United States and the United Kingdom underscores this ongoing cyber tug-of-war. The joint advisory, which encompasses a significant international collaboration, alarms the emergence of a […]
Leading crypto exchange Coinbase has asked for support as it attempts to stop an upscale in surveillance and a potentially harmful change in regulation for Europe-based users. In a vote expected to take place on Thursday, March 31, the EU parliament will approve or denied a change to their Transfer of Funds Regulation. Related Reading […]