Cybercrime Financial News

The annual report from India’s Ministry of Home Affairs (MHA) revealed that officials from various cybercrime and police departments were trained in cryptocurrency forensics and investigation during the financial year 2022–2023.

Criminals in Sweden are specifically targeting prominent local Bitcoin figures, which appears to be the result of ease of access to personal information and residential addresses in the country.

Reacting to the rising attempts by bad actors to dupe crypto investors, the United Kingdom’s National Crime Agency (NCA) plans to form a specialized cryptocurrency and digital assets team to counter the issue.

Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an October 31 report from Elastic Security Labs.

A U.S.-led alliance comprising forty countries has committed to signing a pledge that they will never pay ransom to cybercriminals.

Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million.

Stablecoin issuer Tether has moved to freeze 32 addresses linked to terrorist activity in Israel and Ukraine in collaboration with local law enforcement agencies.

Blockchain analytics investigators have uncovered an individual linked to a cryptocurrency laundering operation that is offering stolen tokens at discounted prices from recent high-profile exchange hacks.

North Korean hacking collective Lazarus Group has been using a new type of “sophisticated” malware as part of its fake employment scams — which researchers warn is far more challenging to detect than its predecessor.

North Korean hacking collective Lazarus Group holds a whopping $47 million in cryptocurrency, most of which is in Bitcoin (BTC), new data shows.

Hong Kong-based cryptocurrency exchange CoinEx has revealed that compromised private keys allowed hackers to steal over $70 million of tokens, while the team looks to open lines of communication to claw back funds.

The $41 million hack of crypto gambling site Stake was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) stated in an announcement on Sept. 7. This group has stolen more than $200 million of crypto in 2023, the announcement stated.

Freelance job scams are on the rise in Canada amid increasing unemployment and a growing threat of cybercrimes targeting Canadians.

ransomware attacks, with organized cybercrime activity posing a threat to national security, economy and critical infrastructure, officials are warning.The Canadian Centre for Cyber Security released a report Monday, saying that over the next two years, “financially-motivated cybercriminals will almost certainly continue to target high-value organizations in critical infrastructure sectors in Canada and around the world.”In particular, the agency categorized ransomware — in which digital files are held hostage or encrypted until a fee is paid — as the “most disruptive” form of cybercrime facing Canada.“Ransomware has become one of the most devastating types of cybercrime, impacting individuals, businesses, and government agencies,” the report said.“Over the next two years, we assess that cybercrime activity in Canada will very likely increase.”The warnings come amid a year that has seen dozens of high-profile cyberattacks and ransomware targeting major businesses, healthcare networks, law enforcement and governments around the world.Among all the ransomware incidents in Canada, the top sectors targeted in 2022 were manufacturing, businesses and professional services, information and communication technology, retail and consumer goods, and healthcare and pharmaceuticals.Meanwhile, the top ransomware variants included LockBit, Conti, BlackCat/ALPHV, Black Basta and Karakurt.The report assessed Russia, and to a lesser degree Iran, as likely “safe havens” for cybercriminals operating against Western targets.“We assess that Russian intelligence services and law enforcement almost certainly maintain relationships with cybercriminals and allow them to operate with near impunity,” the centre said.Canadian retailers and

The developers behind file compression software WinRAR have patched a zero-day vulnerability that allowed hackers to install malware onto unsuspecting victims' computers, enabling them to hack into their crypto and stock trading accounts.

Blockchain security provider Quantstamp has launched an automated service to detect flash loan attack vectors in smart contracts. The new service is being called Economic Exploit Analysis and is based on research done at the University of Toronto.  

Palo Alto Networks CEO Nikesh Arora has urged companies to modernize their cybersecurity systems, cautioning that bad actors have become much faster at breaching company defenses than ever before. 

North Korean hackers continue to threaten the broader cryptocurrency ecosystem, having stolen an estimated $2 billion of crypto over the past five years.

After a surge in personal identity thefts and digital financial crimes, Chinese police are taking closer scrutiny at the Web3 sector.

The United Kingdom’s National Crime Agency (NCA) wants to expand its digital assets investigation team by hiring four senior investigators for its Complex Financial Crime Team to work on crypto-related crimes.

In the process of stopping over 1.5 million cyberattacks between March and May, the cybersecurity arm of the former smartphone goliath BlackBerry identified malware families that actively try to hijack computers to mine or steal cryptocurrencies.