Thieves stole $1.7 billion in cryptocurrency in 2018 as mining gives way to stealing in crypto space

Thieves stole $1.7 billion in cryptocurrency in 2018 as mining gives way to stealing in crypto space

Bitcoin’s legendary ascension to the $20,000 mark a little more than a year ago inspired legions of fast-buck makers to hop on the bandwagon and invest in this intriguing yet volatile asset ...
Money Laundering and Counter-Terrorist Financing: What is FATF?

Money Laundering and Counter-Terrorist Financing: What is FATF?

Many cybercrime investigators seem narrowly focused on the bits and bytes of the crimes they investigate while not truly understanding or interacting with those who focus on where the money goes. As ...
Memphis BEC Scammers Arrested and At Large

Memphis BEC Scammers Arrested and At Large

The FBI announced another round of Business Email Compromise arrests this past week. This time, a focus was in Memphis, Tennessee. According to the Western District of Tennessee Press Release, "Eight Arrested ...
Operation Wire Wire: the South Florida Cases Part 3

Operation Wire Wire: the South Florida Cases Part 3

In the main DOJ Operation Wire Wire press release, the South Florida cases are described like this:Following an investigation by the FBI and the U.S. Secret Service, 23 individuals were charged in ...
Operation Wire Wire: the South Florida Cases Part 2

Operation Wire Wire: the South Florida Cases Part 2

The Second South Florida case is linked to the first because this entire conspiracy also is part of the work of Roda Taher, AKA Ressi, AKA Rezi, the top recruiter in the ...
Operation Wire Wire: The South Florida Cases, Part 1

Operation Wire Wire: The South Florida Cases, Part 1

Yesterday we started a series of posts about Operation Wire Wire, where the Department of Justice announced charges against 74 people for Business Email Compromise and related scams.The South Florida cases are ...

How Digital Payment Systems Like PayPal Are Used for Money Laundering | Part 3

Covert data collection found that PayPal and other digital payment systems are employed by cybercriminals to launder money Digital payment systems laundering often involves the use of micro-laundering techniques where multiple, small ...
Big Bang Theory - World Of Warcraft (Sword Of Azeroth)

Laundering Via In-Game Currency and Goods is on the Rise | Part 2

In-game purchases and currencies are spurring a rise in gaming-related laundering Minecraft, FIFA, World of Warcraft and more are used for laundering China and South Korea become hotspots for gaming-currency laundering In ...

Cybercriminals Use Bitcoin as One Method of Laundering Money | Part 1

We are following the money to see what happens to the proceeds from cybercrime. This research shows cybercriminals are money laundering through both familiar and unfamiliar channels. Reserve your copy of the ...