The guy who laundered millions for cyber thieves worldwide, sentenced to 11 years in prison on Wednesday. Alaumary, 36, a dual citizen of the United States and Canada, worked with North Korean cyber thieves, stole $1.3 billion in a cybercrime spree suspected, performed on behalf of North Korean intelligence. Furthermore,
Cybercriminals successfully stole a significant amount of money from the cryptocurrency mining pool BTC.com. Client funds to the tune of $700,000 and corporate funds to the tune of $2.3 million were stolen in the assault on December 3. BIT Mining Limited, the parent company of the mining pool, made the
According to the 10th Annual Experian® Data Breach Industry Forecast, threat vectors continue to expand forcing organizations to reinforce cyber resiliency COSTA MESA, Calif.–(BUSINESS WIRE)–As technology continues to evolve for business and personal use, cybercriminals are also leveraging innovation for attacks. Experian’s 10th annual Data Breach Industry Forecast includes six
Artificial intelligence (AI) technology is now in the hands of criminals, increasing the risk of deep fakes and malware. When it comes to improving and quantifying AI-driven cybersecurity solutions, OpenAI, the startup behind popular AI tools like ChatGPT and Dall-e, has set up a $1 million grants scheme. The AI
Cementing Commitment to Protecting Businesses in the Region SINGAPORE–(BUSINESS WIRE)–CrowdStrike (Nasdaq: CRWD) today announced the opening of its new office in Singapore that will serve as a central hub for CrowdStrike in Asia. The new office highlights CrowdStrike’s regional investment and will double the capacity of the previous facilities in
In a scenario akin to a James Bond movie, North Korean hackers have outsmarted the globe. Within five years, they have stolen $3 billion in cryptocurrencies. Notably, this digital bonanza funds half of North Korea’s missile program, reports the Wall Street Journal. Their tactics, however, are far from common cyber-thievery.
The North Korean hackers responsible for the June thefts from the Harmony Bridge are still attempting to launder the stolen monies. ZachXBT, a blockchain detective, disclosed on January 28 that the culprits had transferred 17,278 Ether, or nearly $27 million, over the course of the weekend. ZachXBT said in a
Police in Victoria will be able to recover cryptocurrencies from criminals. New rules will give Victorian police greater power to identify cyber scammers. As per the reports, the Victorian Police in Australia will shortly receive the power to seize cryptocurrency wallets and digital assets from cyber criminals, under the newly
FBI has issued a public warning about fraudulent cryptocurrency apps. According to the FBI, $3.7 million was defrauded from 28 victims. The Federal Bureau of Investigation (FBI) has issued a public alert concerning fake cryptocurrency apps. According to the Securities and Intelligence Agency alert released on July 18, hackers have
Cathie Wood predicts Bitcoin values to be $500,000 in 5 years. Ark’s future exposure will likely be split 60-40 between Bitcoin and Ethereum. Institutional investors are devoting about 5% of their portfolios to bitcoin. Cathie Wood predicts a tenfold increase in Bitcoin values to $500,000 in 5 years. The big
