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

Treasury Department Says DeFi Services Must Improve AML/CFT Controls

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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