cyber crimes News

Judge Pauses Lawsuits Against Crypto Exchange as It Hunts for Missing Password

A cryptocurrency platform that lost access to millions of dollars when its founder died with sole knowledge of company passwords has been granted a temporary reprieve from creditor lawsuits. Halifax judge Michael Wood on Tuesday [Feb. 5] ordered a 30-day …

Crypto Exchange Founder Dies, Along with Sole Password to Access $200M

Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution — just the latest cautionary tale in the unregulated world of cryptocurrencies. The online startup can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and …

Thefts, Scams of Cryptocurrencies Surge 400% to $1.7 Billion in 2018

Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday. Of the $1.7 billion, the report, which looks …

U.S. Government Steps Up Warnings to Businesses Over Foreign Hackers

The Trump administration on Monday launched a drive to push U.S. firms to better protect their trade secrets from foreign hackers, following a slew of cases accusing individuals and companies of economic espionage for China. U.S. companies hit by recent …

Cyber Criminals Steal $13.5M from India’s Cosmos Bank

Cyber criminals hacked the systems of India’s Cosmos Bank and siphoned off nearly 944 million rupees ($13.5 million) through simultaneous withdrawals across 28 countries over the weekend, the bank has told police. The co-operative bank said unidentified hackers stole customer …

3 Ukrainians Arrested for Costly Cyber Attacks on U.S. Firms: Justice Department

Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday. U.S. prosecutors alleged …

U.S. Seeks More Cooperation with Private Sector to Fight Cyber Attacks

The U.S. Department of Homeland Security on Tuesday said it will bolster collaboration with the private sector to defend the nation against cyber attacks by working more closely with industry to combat emerging threats. Homeland Security Secretary Kirstjen Nielsen unveiled …

UK Retailer Dixons Carphone Reveals 2017 Cyber Attack Hit 10 Million Data Records

British electricals and mobile phone retailer Dixons Carphone said on Tuesday that about 10 million records containing personal data of customers may have been obtained in a cyber attack in 2017, much higher than its earlier estimates. The company, which …

Massive Cyber Attack of UK Retailer Dixons Carphone Prompts Data Watchdog Probe

The U.K.’s data-protection watchdog said it’s investigating a cyber attack at Dixons Carphone Plc that affected almost 6 million payment cards. The retailer, already struggling with a slowing mobile-phone market in the U.K. and the rise of Amazon.com Inc., said …

Massachusetts Holds 7th Annual National Cyber Crime Conference

More than 700 law enforcement officers, prosecutors and investigators from across the U.S. and Canada recently attended the seventh annual National Cyber Crime Conference hosted by Massachusetts Attorney General Maura Healey. The three-day conference serves as the largest of its …