Recently, gas has been a hot topic in the news. In the crypto media, it’s been about Ethereum miner’s fees. In the mainstream media, it’s been about good old-fashioned gasoline, including a short-term lack thereof along the East Coast, thanks to an alleged DarkSide ransomware attack on the Colonial Pipeline system, which provides 45% of the East Coast’s supply of diesel, gasoline and jet fuel. In cases of ransomware, we generally see a typical cycle repeat: Initially, the focus is on the attack, the root cause, the fallout and steps organizations can take to avoid attacks in the future. Then, …
Digital intelligence firm Cellebrite has launched its “Cellebrite Crypto Tracer” solution. The new offering is powered by CipherTrace and aims to trace illicit cryptocurrencies involved in money laundering, terrorism, drugs, human trafficking, weapon sales and ransomware schemes. The suite of tools will be available to investigators, analysts and non-technical agents who want to lawfully obtain evidence and trace criminals who use cryptos like Bitcoin (BTC) through the darknet. Citing figures from an Oxford University study, Cellebrite states that an estimated $76 billion worth of illegal activities involve Bitcoin. Curating millions of information references to trace transactions The Cellebrite Crypto Tracer …
A cybersecurity expert explained why he is convinced that the promises made by ransomware groups amid the pandemic are irrelevant. Brett Callow — threat analyst at cybersecurity firm Emsisoft — told Cointelegraph that multiple ransomware groups recently made promises to halt their activity against medical organizations amid the coronavirus pandemic. Still, he believes that those promises are irrelevant: “The claims of a ceasefire made by ransomware groups are irrelevant [and] should be completely disregarded. Would you leave your front door unlocked simply because the local burglars had pinky-promised not to rob you? Probably not. The story of the frog and …
An attacker gained access to PwC Venezuela’s Twitter account and has been actively posting cryptocurrency phishing links for the last 8 hours at the time of the writing. Considering that all the tweets posted by the hacker remain active, it is evident that PwC officials are yet to realize the compromise. Investors clicking on the links remain at risk of being defrauded by the hacker. If not mitigated promptly, the threat may be catastrophic, considering that PwC Veleneula’s Twitter currently boasts over 37,000 followers. Cointelegraph has reached out to PwC Venezuela to inform them about the hack. PwC Venezuela has …
Cyber criminals used a variety of novel ways to carry out hacks and exploits in 2022, with over $2.8 billion of cryptocurrency stolen last year. According to a report from CoinGecko using data sourced from DeFiYield’s REKT Database, nearly half of the total crypto stolen in 2022 was fleeced using diverse methods. This includes bypassing verification processes, market manipulation, ‘crowd looting’ as well as smart contract and bridge exploits. The biggest hack of 2022 was carried out through an access control hack. Sky Mavis, the developer behind popular game Axie Infinity, saw its Ronin bridge hacked in March 2022, leading …