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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

Indeed, while anonymity provides privacy and security for transactions, it can also be exploited by criminals for illicit activities, such as money laundering , drug trafficking, illegal arms sales, and terrorist financing. Prevention comes through educating users and taking robust security measures to protect their digital assets.

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Coca-Cola Investigating Claims that a Ransomware Gang Stole Sensitive Data

IT Governance

The Stormous ransomware gang announced earlier this week that it had hacked Coca-Cola and stolen 161 gigabytes of data. The group have put the information up for sale on the dark web, requesting just over $64,000 (about £51,000) in bitcoin. There usually isn’t much doubt about whether you’ve been hit by ransomware.

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What is Cyber Extortion and How Can It Be Prevented?

IT Governance

Most of us understand what cyber attacks and online scams are, and many people are familiar with ransomware, which is a type of cyber attack in which people are blackmailed into handing over money. Ransomware is a type of cyber extortion, but there are in fact many techniques that crooks can use. Then came the rise in ransomware.

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iNSYNQ Ransom Attack Began With Phishing Email

Krebs on Security

A ransomware outbreak that hit QuickBooks cloud hosting firm iNSYNQ in mid-July appears to have started with an email phishing attack that snared an employee working in sales for the company, KrebsOnSecurity has learned. “I take full responsibility for this. .”

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Are Retailers Shopping for a Cybersecurity Breach?

Thales Cloud Protection & Licensing

Have you ever thought that this might be the result of a successful breach and not because of a point-of sale (POS) malfunctioning? Human errors, malware and ransomware threats make a bad recipe. Of the leading perceived threats, malware tops the list at 65%, and ransomware follows close behind at 52%.

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SamSam Ransomware operators earned more than US$5.9 Million since late 2015

Security Affairs

The security experts from Sophos have published a report on the multimillion-dollar black market business for crooks, they analyzed the SamSam ransomware case as a case study. significantly large amount compared to most ransomware families.” “ SamSam ransomware payments. Million since late 2015.

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Security Affairs newsletter Round 417 by Pierluigi Paganini – International edition

Security Affairs

Every week the best security articles from Security Affairs are free for you in your email box. Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.