Bitzlato Founder Money Laundering Cryptocurrency Scandal

In a significant development, Anatoly Legkodymov, the Russian founder of the now-defunct Bitzlato cryptocurrency exchange, has recently pleaded guilty to charges related to operating an unlicensed money-transmitting business. The implications of this ...
romance scams approval phishing pig butchering

Romance Scammers are Adopting Approval Phishing Tactics

Romance scams are labor-intensive and time-consuming schemes to run. They can be lucrative, pulling in millions in stolen cryptocurrency, but they also can end up going nowhere if the targeted victim becomes ...
Security Boulevard

US Sanctions Sinbad Mixer: Disrupting Threats Unveiled

The U.S. Treasury Department recently took a significant step in the ongoing battle against cybercrime by imposing sanctions on Sinbad. It’s a virtual currency mixer utilized by the North Korea-linked Lazarus Group ...

BlockCerts: Building Blockchain Solutions that Work

When dealing with a new technology, you have a choice between using a large company that does what you need as one of the many capabilities that company has or dealing with ...
cryptojacking cryptocurrency, fraudulent, banking, AI is Securing Crypto Exchanges

Cryptomining Attacks: The Stealth Threat to Your Cloud Security

For threat actors targeting cloud environments, cryptomining is a favored way to make money to fuel cybercriminal activity ...
Security Boulevard
cryptojacking cryptocurrency, fraudulent, banking, AI is Securing Crypto Exchanges

NY Courts: Who is Liable When Cryptocurrency is Stolen?

One of the great things about the blockchain and cryptocurrency is the fact that it operates outside the commercial banking system. Unfortunately, this means that when cryptocurrency is stolen (or, more accurately, ...
Security Boulevard
cryptocurrency ransomware

Founders of Crypto Mixer Tornado Cash Indicted for Laundering $1 Billion

The U.S. government is taking a big swing at two founders of the Tornado Cash cryptocurrency mixer that allegedly laundered more than $1 billion in criminal proceeds from cyberthreat actors that include ...
Security Boulevard
cybersecurity malware

By Following the Crypto, Cyfirma Identifies Developer Behind CraxsRAT

The person responsible for developing the dangerous CraxsRAT malware that targets Android devices has been operating in Syria for more than eight years and has accumulated at least $75,000 over the last ...
Security Boulevard
AI cybersecurity

‘Pig Butchering’ Scammers Now Using AI Chatbots to Lure Victims

The rapidly evolving “pig butchering” ecosystem is adding another – and unsurprising – tool to its malicious arsenal: generative AI. Operators behind what cybersecurity firm Sophos dubs “CryptoRom” scams are now using ...
Security Boulevard
SaaS, threats and breaches, ransomware SaaS Security

A New Ransomware Scam: Fraud by the Incident Responders

In February 2018, Oxford Biomedica, a large biological research company in Oxford, UK, was hit by a ransomware attack. The hackers were demanding more than £300,000 in ransom. Oxford invoked its incident ...
Security Boulevard