While the value of cryptocurrencies has varied wildly in the last year, this has not diminished crypto’s attractiveness to criminals. Many of them are moving their illegal activities underground and outside the view of law enforcement. Because of the public nature of most blockchains, however, this rapid movement shouldn’t be a major concern to law enforcement agencies. With the right tools and training, following the proceeds of crypto-enabled crime is actually not as difficult as it may seem. However, intelligence agencies must have a cryptocurrency investigation plan that includes the right tools to lawfully collect digital evidence and the properly …
The MGM Resort suffered a massive data breach in 2019 that left 142 million hotel guests exposed. A hacker is now selling the stolen database for roughly $2,900. According to the information revealed by ZDNet, a dark web marketplace claims that data from 142,479,937 MGM hotel guests are on sale. Preferred payment is denominated in Bitcoin (BTC) and Monero (XMR). MGM Resorts confirmed the data breach, stating that they’re aware of the scope of this previously reported incident from 2019. No financial data was leaked However, according to the research, the cybercriminal did not leak any sensitive data from the …
Telegram, a major privacy-focused messaging app, has suffered a data leak that exposed some personal data of its users on the darknet. A database containing the personal data of millions of Telegram users has been posted on a darknet forum. The issue was first reported by Russian-language tech publication Kod.ru on Tuesday. According to the report, the database contains phone numbers and unique Telegram user IDs. It remains unclear exactly how many users' data was leaked while the database file is about 900 megabytes. About 40% of entries in the database should be relevant Telegram has reportedly acknowledged the existence …
While thousands of companies and entities look to grab people's data for various reasons, the commonly stated idea that folks don't care about privacy is untrue, according to the Electric Coin Company, the entity behind privacy-focused crypto asset Zcash. Citing inconvenience and other excuses, some people claim they do not care about privacy, Electric Coin Company Product marketing staff Elena Giralt said in a presentation at CoinDesk's digital Consensus 2020 conference. She added, however: If you take a step back, it's helpful to understand that billions and billions of dollars go into developing technology platforms and systems to harvest data …
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 …