Application Security August 17, 2023

Gozi strikes again, targeting banks, cryptocurrency and more

3 min read - In the world of cybercrime, malware plays a prominent role. One such malware, Gozi, emerged in 2006 as Gozi CRM, also known as CRM or Papras. Initially offered as a crime-as-a-service (CaaS) platform called 76Service, Gozi quickly gained notoriety for…

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 June 5, 2023

$10.3 billion in cyber crime losses shatters previous totals

4 min read - The introduction of the most recent FBI Internet Crime Report says, “At the FBI, we know ‘cyber risk is business risk’ and ‘cybersecurity is national security.’” And the numbers in the report back up this statement. The FBI report details…

Risk Management April 13, 2023

Can zero-knowledge proofs save cryptocurrency?

5 min read - Blockchain has transformed many industries, from healthcare to real estate to banking. But despite the “unhackable” hype, flaws in Blockchain technology undeniably weaken its goals of bringing greater security, transparency and privacy to the world. Between January and November 2022,…

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…

News October 26, 2022

LemonDuck cryptojacking botnet targets API security gap

2 min read - A recent report reveals the well-known crypto mining botnet LemonDuck can target Docker to secretly mine cryptocurrency on the Linux platform. LemonDuck targets Microsoft Exchange servers to mine crypto, escalate privileges and move sideways in compromised networks. It takes advantage…

Risk Management October 20, 2022

The dangerous flaws of Web3 security, according to a former hacker

4 min read - “New and improved” is the refrain of progress, but new technology doesn’t always turn out to be an improvement. In the case of the evolution from Web2 to Web3, a former hacker revealed how recent changes have created an all-new…