Crypto

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Hackers are Using Infected PC Games to Make Millions Mining Crypto | #computerhacking | #hacking | #cybersecurity | #infosecurity | #hacker

Source: National Cyber Security – Produced By Gregory Evans

Antivirus company Avast has discovered a new malware named “Crackonosh” that is being hidden in free versions of popular PC games. The malware hijacks your computer to be used in […]

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Phishing Scams Take Advantage of Crypto Hype | #socialmedia | #cybersecurity | #infosecurity | #hacker

Source: National Cyber Security – Produced By Gregory Evans

Peter Kovac, senior researcher at Avast, said, “The crypto market is surging right now. Bitcoin has been given a boost following recent news from El Salvador that it will be […]

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Bitcoin price news LIVE: Ethereum, BTC rise as Twitter CEO backs crypto amid Elon Musk ‘break up’ meme | #relationshipscams | #dating | romancescams | #scams

Source: National Cyber Security – Produced By Gregory Evans

_________________________ ELON MUSK SENDS BITCOIN, DOGECOIN AND ETHERIUM VALUES PLUNGING WITH LINKIN PARK MEME TWEET ABOUT ‘THE END’ ELON Musk sent Bitcoin’s value into free fall after […]

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#cybersecurity | #hackerspace | More on Crypto AG – Security Boulevard

Source: National Cyber Security – Produced By Gregory Evans

One follow-on to the story of Crypto AG being owned by the CIA: this interview with a Washington Post reporter. The whole thing is worth reading or listening to, but I was struck by these two quotes at the end:

…in South America, for instance, many of the governments that were using Crypto machines were engaged in assassination campaigns. Thousands of people were being disappeared, killed. And I mean, they’re using Crypto machines, which suggests that the United States intelligence had a lot of insight into what was happening. And it’s hard to look back at that history now and see a lot of evidence of the United States going to any real effort to stop it or at least or even expose it.

[…]

To me, the history of the Crypto operation helps to explain how U.S. spy agencies became accustomed to, if not addicted to, global surveillance. This program went on for more than 50 years, monitoring the communications of more than 100 countries. I mean, the United States came to expect that kind of penetration, that kind of global surveillance capability. And as Crypto became less able to deliver it, the United States turned to other ways to replace that. And the Snowden documents tell us a lot about how they did that.

*** This is a Security Bloggers Network syndicated blog from Schneier on Security authored by Bruce Schneier. Read the original post at: https://www.schneier.com/blog/archives/2020/03/more_on_crypto_.html

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#deepweb | Crypto is fueling organized crime in Latin America, claims new report

Source: National Cyber Security – Produced By Gregory Evans

In brief

  • Threat intelligence firm Intsights says criminals are turning to cryptocurrencies in greater numbers in Latin America.
  • Mixing services, P2P and unregulated crypto exchanges are the tools of choice to covertly wash and launder illicit funds.

Organized crime and drug cartels in Latin America are increasingly turning to cryptocurrencies to launder money and orchestrate scams, according to the latest collaborative report by threat intelligence firm Intsights and blockchain forensics firm CipherTrace. 

The report, “The Darkside of Latin America,” demonstrates how threat finance in Latin America has evolved with the rise of cryptocurrencies and peer-to-peer and unregulated exchanges. Researchers for Intsights say they arrived at their findings from access to “closed-access databases” and “hundreds of underground sources (deep web and dark web),” among other tactics.

The report claims that the region’s countries “top the list of the world’s worst money laundering nations,” and organized crime and cybercriminals are turning to cryptocurrencies to move money and to hire hackers. The report also highlights the fact that extreme political corruption in the region helps criminals operate without much resistance. 

One way criminals are specifically using cryptocurrency is through “mixing services” to obfuscate “potentially identifiable or ‘tainted’ cryptocurrency funds with others,” according to Intsights. Once “washed” through mixing services, criminals continue to trade their crypto on other exchanges to profit.

Further, criminals are laundering money through the many unregulated exchanges through Latin America, which lack the know-your-customer (KYC) and anti-money laundering (AML) policies that are commonplace in more developed countries. Criminals use these exchanges to trade Bitcoin for altcoins to further obfuscate and profit from their illicit funds. According to the researchers, they estimate that 97% percent of washed cryptocurrency ends up in places like Latin America that have “extremely lax KYC/AML regulations.” 

To compound this, criminals also turn to peer-to-peer exchanges (P2P), which remain the preferred way for criminals to exchange crypto to fiat money. The report cites P2P exchanges such as LocalBitcoins, which has relatively high trading volume in Latin America, as favorites for criminals to launder money because they ”typically lack AML programs and perform little or no KYC due diligence.” 

In recent months, P2P exchanges like Paxful and Local Bitcoins have stepped up their regulations to combat this reputation. 

The report cites the case of the now notorious Panamanian payment processing firm Crypto Capital as a prominent example of how criminals use crypto. The alleged operators of the “shadow bank” are charged with aiding drug cartels with money laundering operations between Latin America and Europe, among other misdeeds.

It’s a problem that’s unlikely to be resolved any time soon, according to the researchers, given Latin America’s lack of established anti-money laundering laws and poor enforcement of the laws that are in place.

Nevertheless, the report recommends firms that want to combat cybercrime in the region to “collect, monitor, and analyze cyber crime intelligence,” learn and “follow best security practices.”

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#cybersecurity | #hackerspace | DEF CON 27, Crypto And Privacy Village – Mark B. Cooper’s ‘PKI And SHAKEN STIR Will Fix Robocalls’

Source: National Cyber Security – Produced By Gregory Evans

Thanks to Def Con 27 Volunteers, Videographers and Presenters for publishing their superlative conference videos via their YouTube Channel for all to see, enjoy and learn.

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#cybersecurity | #hackerspace | DEF CON 27, Crypto And Privacy Village – Sarah McCarthy’s ‘Quantum Safe Instantaneous Vehicle Comms’

Source: National Cyber Security – Produced By Gregory Evans

Thanks to Def Con 27 Volunteers, Videographers and Presenters for publishing their superlative conference videos via their YouTube Channel for all to see, enjoy and learn.

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The post DEF CON 27, Crypto And Privacy Village – Sarah McCarthy’s ‘Quantum Safe Instantaneous Vehicle Comms’ appeared first on Security Boulevard.

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#deepweb | Indian authorities arrest their first crypto dark web drug dealer

Source: National Cyber Security – Produced By Gregory Evans

  • The suspect, Dipu Singh, is accused of selling psychotropic and prescription pills on the dark web.
  • He was taken into custody by the central anti-narcotics agency under the Narcotic Drugs and Psychotropic Substances (NDPS) Act.

In an investigation done by the Narcotics Control Bureau (NCB), India has caught its first darknet crypto drug dealer. The authorities have seized 55,000 tablets in the arrest. The NCB participated in “Operation Trance” – a multinational crackdown on illicit dark web drug sales using couriers, international postal services, and private parcel deliveries.

Global post offices and international courier services were used as logistics for illicit trade. The payments gateways of cryptocurrency were used by the operators to conceal the transactions from law enforcement agencies.

The accused, Dipu Singh, is a 21-year old whose father is a retired army officer. Singh is accused of selling many psychotropic and prescription pills on the dark web and shipping them to the US, Romania, Spain, and other countries.

He started out by selling health supplements and erectile dysfunction medication on major dark web markets. Later, he began selling tramadol, zolpidem, alprazolam and other psychotropic prescription medications. The suspect was taken into custody by the central anti-narcotics agency under the Narcotic Drugs and Psychotropic Substances (NDPS) Act. 

 

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#deepweb | This week in crypto: clouds, mugs, and Binance

Source: National Cyber Security – Produced By Gregory Evans Thank God for the weekend! It’s been, what, ten days since the last one? But it’s finally here! So, what’s happened in blockchain world this week? A whole bunch: Peter Schiff’s tweets are memorialized, Nimbus gets $650,000 to build on Ethereum, and Binance cures coronavirus… or […] View full post on AmIHackerProof.com

A #15-year-old #hacked the #secure Ledger #crypto #wallet

A 15-year-old programmer named Saleem Rashid discovered a flaw in the popular Ledger hardware wallet that allowed hackers to grab secret PINs before or after the device was shipped. The holes, which Rashid described on his blog, allowed for both a “supply chain attack” – meaning a hack that could compromise the device before it was shipped to the customer – and another attack that could allow a hacker to steal private keys after the device was initialized.

Rashid is not affiliated directly with any Ledger competitors although there was some suggestion that he did some work on Trezor and other competing hardware wallets. His response: