cyber crime News

U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash

The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior Treasury Department official said Tornado Cash, one of the …

Kentucky Becomes 21st State to Adopt Model Cyber Security Law for Insurers

Kentucky has become the 21st state to adopt a data security law that will require insurers and larger agencies to beef up measures designed to help prevent cyber attacks and data breaches. Gov. Andy Beshear in April signed House Bill …

Criminal Indictments Are Major — But Not Only — Tool of U.S. Cyber Defense Agencies

The FBI and other federal agencies are increasingly looking to counter cyber threats through tools other than criminal indictments, the head of the bureau’s cyber division said in an interview with The Associated Press. Arrests and indictments of foreign cybercriminals …

Google Sues Russians for Alleged ‘Borderless’ Organized Cyber Crime Operation

Alphabet Inc.’s Google is suing two Russian nationals it claims are part of a criminal enterprise that has silently infiltrated more than a million computers and devices around the world, creating “a modern technological and borderless incarnation of organized crime.” …

Behind the Crypto Broker Accused of Enabling Ransomware Hackers

A cryptocurrency broker that the Biden administration considers a key cog in the recent ransomware epidemic is legally registered in the Czech Republic but doesn’t appear to have an office there. It may be operating out of Moscow’s tallest skyscraper …

Online Thieves Divert $2.3M from New Hampshire Town of Peterborough

The U.S. Secret Service is investigating the theft of $2.3 million from the town of Peterborough, New Hampshire, by foreign thieves using fake email addresses. Town officials said Monday the investigation began July 26 when they learned that the ConVal …

State, Federal Regulatory Enforcement a Focus as Cyber Crime Grows

As ransomware attacks are on the rise and cyber risks continue to mount, experts say there has been “a paradigm shift in cybersecurity enforcement.” That’s according to Matt Levine, a partner in Phillips Nizer’s litigation department in its New York …

European Commission to Form Cyber Unit to Fight Growing Online Crime

The European Commission proposed on Wednesday to pool resources and expertise from the EU’s 27 countries for a joint cyber unit to fight online criminals amid a spate of high-profile hacks in Europe and worldwide. The EU executive said authorities …

Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’

Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc. said on Tuesday. “It’s like …

Ransomware Is Key Online Threat Facing UK, Says Cyber Security Chief

Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing the UK, the country’s cyber security chief will say Monday. Lindy Cameron, who is chief executive of the National Cyber …