Fraud Protection July 13, 2023

Crypto fraud in 2023: How can security teams fight

4 min read - Hackers stole $4.3 billion worth of cryptocurrency in 2022, making it the worst year on record for crypto fraud. While the government pushes for regulation in the digital coin market, cryptocurrency remains a volatile industry and a risky bet for…

News March 8, 2023

Cryptocurrency-related crime boomed in 2022

4 min read - Cryptocurrency crime is flourishing, according to multiple year-end reports. For starters, cryptocurrency losses due to cyber theft rose to $3.7 billion last year. That’s a 58% increase over the $2.3 billion malicious actors stole from investors and exchanges in 2021,…

Risk Management February 17, 2023

How falling crypto prices impacted cyber crime

4 min read - Some rare good news in the world of cyber crime trends: Certain crimes declined in 2022 after years of constant rises. Should we credit crypto? Some estimates say that cryptocurrencies have lost $2 trillion in value since November 2021. During…

Banking & Finance February 7, 2023

How to spot a nefarious cryptocurrency platform

4 min read - Do you ever wonder if your cryptocurrency platform cashes in ransomware payments? Maybe not, but it might be worth investigating. Bitcoin-associated ransomware continues to plague companies, government agencies and individuals with no signs of letting up. And if your platform…

Risk Management January 30, 2023

How the Silk Road affair changed law enforcement

4 min read - The Silk Road was the first modern dark web marketplace, an online place for anonymously buying and selling illegal products and services using Bitcoin. Ross Ulbricht created The Silk Road in 2011 and operated it until 2013 when the FBI…

Government May 9, 2022

New DOJ team focuses on ransomware and cryptocurrency crime

4 min read - While no security officer would rely on this alone, it’s good to know the U.S. Department of Justice is increasing efforts to fight cyber crime. According to a recent address in Munich by Deputy Attorney General Lisa Monaco, new efforts…