Cybercrime

Cybercrime, or computer-oriented crime, is a crime that involves a computer and a network. The computer may have been used in the commission of a crime, or it may be the target.

Source: en.wikipedia.org

Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023  |  Banking

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an...

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Treasury Department Says DeFi Services Must Improve AML/CFT Controls
Treasury Department Says DeFi Services Must Improve AML/CFT Controls
April 06, 2023  |  Cybersecurity

Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can...

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Report: Mysterious ‘Nevada Group’ Launches Mass Ransomware Attack
Report: Mysterious ‘Nevada Group’ Launches Mass Ransomware Attack
February 23, 2023  |  Cybersecurity

Hackers dubbed the “Nevada Group” have reportedly launched one of the largest ever ransomware attacks. The goal of the as-yet-unidentified group is to paralyze computer...

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nsKnox Is Preparing for a Wave of ‘Human Hacking’
nsKnox Is Preparing for a Wave of ‘Human Hacking’
February 06, 2023  |  Opinion

As cybercriminals become increasingly sophisticated, companies must implement technology to protect payments, Nithai Barzam, COO at nsKnox, writes in the new PYMNTS eBook, “2023 Payments...

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Bad News for Fraudsters as US Boosts Crypto-Crime Toolkit
Bad News for Fraudsters as US Boosts Crypto-Crime Toolkit
January 30, 2023  |  Legal & Regulation

The U.S. Treasury Department is flexing its cryptocurrency enforcement muscles as industry attention grows. The turbulent crypto sector has historically suffered from the perception that...

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Authorities Infiltrate and Shut Down Ransomware Group That Took $100M 
Authorities Infiltrate and Shut Down Ransomware Group That Took $100M 
January 26, 2023  |  Cybersecurity

A global ransomware group has been shut down by American, German and Dutch authorities. The U.S. Justice Department said in a Thursday (Jan. 26) press...

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Major Hacks Highlight Evolving Ransomware Threat in Europe
Major Hacks Highlight Evolving Ransomware Threat in Europe
January 23, 2023  |  Cybersecurity

A string of major hacks in Europe has put ransomware in the spotlight. A type of malware that infects computer networks, ransomware threatens to publish...

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Hack the Box Gets $55M to Fight Cybercrime
Hack the Box Gets $55M to Fight Cybercrime
January 12, 2023  |  Investments

Hack the Box has gotten $55 million in its campaign to help businesses fight cybercrime. The U.K. company, which bills itself as a “gamified continuous...

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Danish Banks Celebrate Heist-Free 2022 Amid Surge in Online Fraud
Danish Banks Celebrate Heist-Free 2022 Amid Surge in Online Fraud
January 09, 2023  |  Europe

Beyond convenience, there are major safety advantages to a cashless society. Proponents of cashless transactions and electronic money have often pointed to the risk of...

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