bitcoin News

Latin American Crime Cartels Turn To Crypto To Clean Up Their Cash

MEXICO CITY — In April 2019, Mexican police arrested suspected human trafficker Ignacio Santoyo in a plush area of the Caribbean resort of Playa del Carmen after linking him to a prostitution racket extending across Latin America. Yet it was …

Florida Teen Pleads Not Guilty to Masterminding Twitter Hack

A 17-year-old Florida boy accused of masterminding the hacking of celebrity accounts on Twitter Inc, including those of Democratic presidential candidate Joe Biden and Tesla Chief Executive Elon Musk, pleaded not guilty to charges on Tuesday. Graham Clark told Circuit …

Twitter’s Security Woes Included Broad Access to User Accounts

Twitter Inc. has struggled for years to police the growing number of employees and contractors who have the ability to reset users’ accounts and override their security settings, a problem that Chief Executive Officer Jack Dorsey and the board were …

Before Hack Tore Through Twitter, Online Forum Offered Accounts for Sale

Before a hacking campaign tore through Twitter and compromised some of its most high-profile users, an ad went up on a gray market site that facilitates the trade of user accounts for many popular websites including Twitter. For $250 in …

Ransomware Attack Hits More than 20 Texas Local Governments

DALLAS — More than 20 local governments in Texas were targeted in a coordinated ransomware attack of unprecedented size on Friday, but several of the cities had resumed normal operations by Tuesday, state officials said. The Texas Department of Information …

Compliance Officers Wary of Switch to ‘Wild West’ Crypto Sector

NEW YORK/LONDON — After almost three decades in senior compliance roles at large financial firms including Bank of New York Mellon’s Pershing and Goldman Sachs Group Inc, Jeff Horowitz made an unconventional career move. In July he became chief compliance …

NAS Says Ransomware Demands Growing Along with Cyber Claim Costs

Cybercrime claims by policyholders outside the health care sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as clients or business partners, NAS Insurance said in a …

Norsk Hydro Ransomware Attack Is ‘Severe,’ but Common

Norsk Hydro ASA confirmed that a ransomware attack was behind production outages across the aluminum producer’s operations in Europe and the U.S. The perpetrators are still unknown but the work is similar to other recent breaches. The Norwegian company, one …

UK Lawmakers Say ‘Wild West’ Cryptocurrencies Need Regulation

British lawmakers have backed calls for greater regulation of cryptocurrencies such as bitcoin in order to bring an element of control to a market that more resembles the “Wild West.” In a report on digital currencies published Wednesday, the Treasury …

Hackers Have Stolen About 14% of Big Digital Currencies

Digital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms. In less than a decade, hackers have stolen $1.2 billion worth of Bitcoin and rival …