bitcoin News

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 …

New Type of Ransomware is Sign of Future Danger

An unusual strain of virus-like hacker software that exploits computer server vulnerabilities – without requiring human interaction – is a leading example of a new generation of “ransomware,” according to a new report by Cisco Systems Inc. Hackers use such …

Sophistication Makes Ransomware Harder to Spot

Ransomware is expected to continue to be an increasing threat in 2016, according to McAfee Labs 2016 Threat Predictions report, issued late last year. The report stated that with “new variants and the success of the “ransomware-as-a-service” business model, we …

Technology Dominates Texas-Based Group’s Fraud Predictions for 2015

Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Austin, Texas-based Association of Certified Fraud Examiners (ACFE) who were asked for their top fraud …