The global coronavirus pandemic has revealed the necessity of decentralization to avoid the world becoming a true dystopian nightmare. As much as I believe that blockchain technology has the potential to solve many of the problems humanity faces today, I also fear what can happen if blockchain technology is used to take away the privacy […]
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Cybercrimes are on the rise amid the global coronavirus pandemic, and scammers are using crypto to facilitate some of their attacks. As the world continues to battle with the deadly coronavirus pandemic, immoral cybercriminals are once again on the prowl. This time, they are using the chaos and fear through phishing techniques and sophisticated malware […]
Continue ReadingBlack hat hacker group claims to have compromised an insurance giant with ransomware. Black hat hacker group, Maze, claims to have used ransomware to compromise the systems of insurance giant, Chubb. They also claim to have stolen the firm’s data. Brett Callow, threat analyst at cybersecurity firm, Emsisoft, told Cointelegraph on March 27 that Maze […]
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The FBI has shut down Deer.io, a platform used in conjunction with the sale and theft of private data. The Federal Bureau of Investigation (FBI) has charged a Russian hacker for stealing private information, and has shut down his platform — Deer.io, which moved funds via crypto assets. The FBI shut down the Deer platform […]
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Estonian crypto exchange BitBay has now been offline for eighteen hours now, sparking concern among users. Estonia-based cryptocurrency BitBay has been offline for 18 hours now, citing problems caused by a third-party service provider. On March 26, BitBay tweeted that it was struggling with a “network problem” resulting from their “external service provider.” The exchange […]
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What effects does the global pandemic have on our lives, and what could help us to survive? A global pandemic has changed the world. I write this on lockdown, unable to leave my home. A global pandemic has stripped the entire state of California and over 1.5 billion people globally from our rights and freedoms […]
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What is the correlation between the ransomware landscape and the cryptocurrency industry, and what to expect in the future? Cryptocurrency and ransomware have had a long history together. They are so closely intertwined, in fact, that many have blamed the rise of cryptocurrency for a parallel rise in ransomware attacks. Ransomware attacks are certainly increasing […]
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Black hat hacker group Maze infected the infrastructure of a firm researching the coronavirus with ransomware, stole and published sensitive data. Black hat hacker group Maze has infected the infrastructure of a firm researching the coronavirus with ransomware, managing to steal and publish sensitive data. The hack of medical information Cybersecurity firm Emsisoft told Cointelegraph […]
Continue ReadingOver the last two years, U.K. police forces reported 562 total accounts of blackmail in which hackers demanded Bitcoin. United Kingdom police forces have received hundreds of blackmailing complaints since 2018, in which nefarious parties demanded Bitcoin (BTC). By tracking numbers from 2018 and 2019 across thirteen U.K. police teams, think tank Parliament Street found […]
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The alleged mastermind behind anonymous Russian black market Deer.io has been arrested by the FBI at John F. Kennedy Airport in New York. Kirill Victorovich Firsov, the alleged owner of Russian-based anonymous marketplace Deer.io, was arrested on March 7 by Federal Bureau of Investigation (FBI) officials at John F. Kennedy Airport in New York. Court […]
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