Archive | cybercrime

Cybercriminals and Cyber Espionage Teams Use Steganography to Cover Their Tracks

Steganography is one of the most powerful and underutilized technologies we know today. Embedding information within images anyone can see is a great way to distribute data to others without relying on third-party communication channels. A new report from Kaspersky Lab shows steganography use is on the rise among both cybercrime groups and individuals conducting cyber […]

Alleged Mirai Botnet Creator Receives Suspended Sentence from German Court

The world was surprised to learn that a massive botnet had shut down multiple popular online services earlier this year. During this attack, platforms such as Facebook, Twitter, Netflix, and plenty of others suffered from extended outages. These attacks were caused by the Mirai botnet, which quickly became synonymous with insecure Internet of Things devices. […]

Top 6 Types of Cybercrime Throughout 2016

According to a new report by the FBI, virtual currencies are not that much of a threat in the world of online and offline criminality. More specifically, virtual currencies attributed to $28.3m worth of crime-related financial damages throughout all of 2016. This number is a lot lower compared to what most people had anticipated at […]

US Lawmakers Urged to Take Action Against Unlicensed Offshore Bitcoin Exchanges

US lawmakers have been urged to take action against unlicensed offshore bitcoin exchanges, following a subcommittee hearing within the House of Representatives. The hearing, “Virtual Currency: Financial Innovation and National Security Implications”, is being hosted by the Terrorism and Illicit Finance Subcommittee. Also Read: Financial Analyst Andy Hoffman Says We Should Be Thankful for Bitcoin […]

Top 5 Cybercrime Myths People Often get Wrong

In the world of cybersecurity, there are a lot of myths waiting to be debunked. Although it would seem certain trends and statistics always hold up, that is not necessarily the case. In fact, believing the myths makes companies and individuals complacent, which makes them even more prone to cyber attacks of all kinds. Below […]

North Korean Hackers Stole $88,000 Worth of Bitcoin Each Month from 2013-2015

Hackers in North Korea reportedly stole large amounts of bitcoins between 2013 and 2015. South Korea was one of the targets, but not the only one. Also read: Why South Korean Bitcoin Adoption Could Outpace Most Other Countries This Year Bitcoins Stolen from 2013-2015 Radio Free Asia (RFA) is a private, nonprofit international broadcasting corporation based […]

Survey Shows 76% Believe Ransomware is a Significant Business Threat

A survey conducted by Information Security Media Group (ISMG), a media organization devoted to information security and risk management, was recently published by Varonis Systems, a leading software solutions provider that aims to protect data from cyberattacks and insider threats. The survey, dubbed “2017 Ransomware Defense Survey: The Enterprise Strikes Back,” highlights the toll ransomware […]