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KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case
KuCoin has pleaded guilty on Monday to operating an unlicensed money transmitting business. Prosecutors said Seychelles-based KuCoin had been used to facilitate billions of dollars of suspicious transactions, and to transmit potential criminal proceeds including from darknet markets and malware, ransomware and fraud.
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Ransomware Attack On US Arm Of China's Largest Bank Disrupts Treasury Market
The US arm of China's largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market.
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India Saw Massive Surge in Ransomware, IoT Cyber Attacks in H1 2023: Report
While major economies like the US and the UK witnessed a decline in ransomware attacks, India (up 133 percent) and Germany (52 percent) are among the countries that saw a huge surge in such attacks, the 2023 SonicWall Mid-Year Cyber Threat Report for the January-June period stated. At the global level, a variety of other attacks have trended up, in...
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DeFi Services Being Used for Illicit Transfers, Warns US Treasury Department
North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the USÂ Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks.
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Ransomware Attack on Data Firm ION Said to Take Days to Fix
A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters. ION Group, the financial data firm's parent company, said in a statement on its website that the attack began on Tuesday.
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US Shuts Down Ransomware Group "Hive" That Extorted Over $100 Million
The US Justice Department announced Thursday it had shut down the Hive ransomware operation, which had extorted more than $100 million from more than 1,500 victims worldwide.
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Ransomware Incidents in 2021 Mostly Tied to Russian Hackers, US FinCEN Report Says
Ransomware incidents in the US in 2021 were mostly tied to Russian hackers, according to a report by the US Financial Crimes Enforcement Network (FinCEN). The report states that out of 793 ransomware incidents reported to FinCEN in the second half of 2021, 75 percent "had a nexus to Russia, its proxies, or persons acting on its behalf.
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US DOJ Seizes $500,000 From North Korean Hackers Who Targeted US Medical Providers
The US Justice Department has seized about $500,000 (roughly Rs. 4 crore) in ransom payments and cryptocurrencies from North Korean government-backed hackers. US officials believe the hackers either extorted the money from US-based healthcare organisations or used the money to launder ransom payments.
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US Offers $15 Million Reward for Information on Conti Ransomware Group
The United States on Friday offered a reward of up to $15 million for information on the Russia-based Conti ransomware group, which has been blamed for cyber extortion attacks worldwide, State Department spokesman Ned Price said.
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AGCO Ransomware Attack Disrupts Tractor Sales During US Planting Season
US agricultural equipment maker AGCO said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season.
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Kaspersky Decodes Yanluowang Ransomware, Offers Free Decryptor to Recover Files
Kaspersky spotted the flaw in the encryption code of Yanluowang malware, which will help victims recover affected files without the attackers' key.
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Bridgestone Reports Ransomware Attack at US Subsidiary After Toyota Reports Similar Incident
Bridgestone said its US subsidiary has suffered a ransomware attack, just weeks after suppliers of automaker Toyota reported similar attacks.
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Hackers Target US Public Schools, Adding Stress Amid Pandemic
Cyberattacks like the one that cancelled classes for two days in Albuquerque's biggest school district have become a growing threat to US schools, with several high-profile incidents reported since last year.
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Cyber Safety Review Board: Delay in Creating New US Cybersecurity Body Prompts Concern
It’s a key part of US President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to see what went wrong and try to prevent the problems from happening again.
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REvil Ransomware Group Dismantled by Russia at US Request
Russia has dismantled ransomware crime group REvil at the request of the US in an operation in which it detained and charged the group's members, the FSB domestic intelligence service said.
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KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case
KuCoin has pleaded guilty on Monday to operating an unlicensed money transmitting business. Prosecutors said Seychelles-based KuCoin had been used to facilitate billions of dollars of suspicious transactions, and to transmit potential criminal proceeds including from darknet markets and malware, ransomware and fraud.
-
Ransomware Attack On US Arm Of China's Largest Bank Disrupts Treasury Market
The US arm of China's largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market.
-
India Saw Massive Surge in Ransomware, IoT Cyber Attacks in H1 2023: Report
While major economies like the US and the UK witnessed a decline in ransomware attacks, India (up 133 percent) and Germany (52 percent) are among the countries that saw a huge surge in such attacks, the 2023 SonicWall Mid-Year Cyber Threat Report for the January-June period stated. At the global level, a variety of other attacks have trended up, in...
-
DeFi Services Being Used for Illicit Transfers, Warns US Treasury Department
North Korea, cybercriminals, ransomware attackers, thieves and scammers are using decentralized finance (DeFi) services to transfer and launder their illicit proceeds, the USÂ Treasury Department warned on Thursday. So-called DeFi platforms allow users to lend, borrow and save, usually in cryptoassets and stablecoins, without using banks.
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Ransomware Attack on Data Firm ION Said to Take Days to Fix
A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades, sources familiar with the matter told Reuters. ION Group, the financial data firm's parent company, said in a statement on its website that the attack began on Tuesday.
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US Shuts Down Ransomware Group "Hive" That Extorted Over $100 Million
The US Justice Department announced Thursday it had shut down the Hive ransomware operation, which had extorted more than $100 million from more than 1,500 victims worldwide.
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Ransomware Incidents in 2021 Mostly Tied to Russian Hackers, US FinCEN Report Says
Ransomware incidents in the US in 2021 were mostly tied to Russian hackers, according to a report by the US Financial Crimes Enforcement Network (FinCEN). The report states that out of 793 ransomware incidents reported to FinCEN in the second half of 2021, 75 percent "had a nexus to Russia, its proxies, or persons acting on its behalf.
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US DOJ Seizes $500,000 From North Korean Hackers Who Targeted US Medical Providers
The US Justice Department has seized about $500,000 (roughly Rs. 4 crore) in ransom payments and cryptocurrencies from North Korean government-backed hackers. US officials believe the hackers either extorted the money from US-based healthcare organisations or used the money to launder ransom payments.
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US Offers $15 Million Reward for Information on Conti Ransomware Group
The United States on Friday offered a reward of up to $15 million for information on the Russia-based Conti ransomware group, which has been blamed for cyber extortion attacks worldwide, State Department spokesman Ned Price said.
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AGCO Ransomware Attack Disrupts Tractor Sales During US Planting Season
US agricultural equipment maker AGCO said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season.
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Kaspersky Decodes Yanluowang Ransomware, Offers Free Decryptor to Recover Files
Kaspersky spotted the flaw in the encryption code of Yanluowang malware, which will help victims recover affected files without the attackers' key.
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Bridgestone Reports Ransomware Attack at US Subsidiary After Toyota Reports Similar Incident
Bridgestone said its US subsidiary has suffered a ransomware attack, just weeks after suppliers of automaker Toyota reported similar attacks.
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Hackers Target US Public Schools, Adding Stress Amid Pandemic
Cyberattacks like the one that cancelled classes for two days in Albuquerque's biggest school district have become a growing threat to US schools, with several high-profile incidents reported since last year.
-
Cyber Safety Review Board: Delay in Creating New US Cybersecurity Body Prompts Concern
It’s a key part of US President Joe Biden’s plans to fight major ransomware attacks and digital espionage campaigns: creating a board of experts that would investigate major incidents to see what went wrong and try to prevent the problems from happening again.
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REvil Ransomware Group Dismantled by Russia at US Request
Russia has dismantled ransomware crime group REvil at the request of the US in an operation in which it detained and charged the group's members, the FSB domestic intelligence service said.
