PYMNTS

OCTOBER 23, 2017

A software engineer from Florida was slapped with a 16-month prison term late last week after a court found him guilty of scamming to aid an illegal bitcoin exchange. The bitcoin exchange, Coin.mx , was linked to JPMorgan’s 2014 data breach , in which the account information of more than 83 million customers was compromised.

Bitcoin

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AUGUST 16, 2016

NSA’s team of elite hackers has reportedly been compromised, with an anonymous group, calling itself Shadow Brokers, saying it breached the systems used by the NSA’s elite team of hackers that go by the name of Equation Group. The sale is via a bitcoin auction. How much you pay for enemies’ cyberweapons?” You see pictures.

Breach

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DECEMBER 1, 2016

Whether it’s been the leaked emails of a major political candidate, massive security breaches from major companies like Yahoo and Dropbox or even the hacking of a U.S. “A lot of people said at first that I was missing the point of bitcoin, because it was supposed to be anonymous,” John said. A long road to acceptance.

Blocks

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DECEMBER 31, 2019

Welcome, then, to the Top Data Breaches of 2019. Thousands of breaches. billion records across more than 5,100 attacks — meaning through the first nine months of the year (the estimate as of this writing), the number of breaches grew by 33 percent. We can slice and dice the breaches in any number of ways. Size and Scope.

Data Breach

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MAY 27, 2016

First it was one, then two and now it’s said to be 12 banks that have potentially been compromised using SWIFT communication protocols. I recall three years ago at Innovation Project 2013 that a rather prescient panelist said that the payments system’s worst nightmare would be having the SWIFT network breached. Gox continues.

SWIFT

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AUGUST 5, 2016

Now, this is not at all to say that EMV technology is being foiled or compromised but does point out something that we have been saying all along: encrypting data at the POS is essential. The culprit is said to be the use of the BitGo wallet and the structure of the bitcoin accounts itself. Bitcoin’s Big Summer Fizzle.

Bitcoin

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JUNE 7, 2016

Social networking site VK.com is the latest victim in a string of targeted data breaches that have hit a host of other social media outlets such as LinkedIn, Tumblr and Myspace. ” Just last month, LinkedIn announced that a data breach it experienced in 2012 was much worse that it initially thought. million accounts.

Data Breach

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JULY 16, 2019

Binance , one of the biggest cryptocurrency exchanges in the world, was also hacked through its hot wallet, reporting $41 million worth of stolen bitcoin on May 7. The hackers were able to pass security checks completely, although the company acted quickly and halted all withdrawals once aware of the breach. And on Jan.

Cryptocurrency

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MARCH 29, 2019

Bitcoin scam : The headlines continue that support for bitcoin payments is waning on a case-by-case basis, and that exchanges are pulling back on futures. investors the chance to buy discounted bitcoin – and investors sent $1.5 investors the chance to buy discounted bitcoin – and investors sent $1.5

Credit Union

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FEBRUARY 10, 2025

Additionally, criminals are moving beyond traditional Bitcoin payments to more complex laundering strategies, including cross-chain bridges that obscure transaction histories. A majority of these funds were stolen through private key compromises, phishing schemes, and decentralised finance (DeFi) exploits.

Crime

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JULY 22, 2019

Bulgaria’s Big Breach . To the best of my knowledge, this is the first publicly known major data breach in Bulgaria,” he said. “It It is safe to say that the personal data of practically the whole Bulgarian adult population has been compromised.”. At first, the amounts were relatively small, ranging in the area of $10,000.

Breach

Fintech Review

DECEMBER 3, 2024

High-profile data breaches often make consumers wary of storing sensitive information digitally. Striking the right balance is essential to encourage advancements without compromising security. Cryptocurrencies like Bitcoin and Ethereum are gaining acceptance as alternative payment methods.

Payment Solutions

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JANUARY 31, 2017

From baby monitors to smartphones and beyond, there’s virtually nothing that can’t be breached and/or compromised. Name any connected device or object, and there’s a chance it will be hacked. Through a ransomware attack, there was no guest electronic keycard that was safe — each one had been hijacked by a sneaky hacker.

Ransomware

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JUNE 26, 2018

Whether it’s data misuse, GDPR , cyber-interference in politics, cryptocurrency or any number of other security challenges, more than half of respondents are very concerned — and less than 20 percent feel the industries and governments affected will be prepared to respond effectively if there is a significant breach.

Cybersecurity

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NOVEMBER 12, 2019

Data breaches, intrusions, takeovers and compromises are the new tools that criminals use to commit tax crimes.”. The signs may be ominous for individuals who have hidden behind bitcoin or other cryptos. Interestingly, bitcoin took a dive this week on the news. If digital currency is paid as salary, it is taxable income.

IRS

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MAY 26, 2017

The latest technological finance breakthrough, blockchain technology, has been a slow burn over the past eight years, since 2009 when it popped up as the power behind bitcoins. With the various advances in technology, many issues have come to light from the use of blockchain.

Blockchain

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SEPTEMBER 14, 2018

British Airways Hack : More than 380,000 individuals’ data was compromised in the British Airways hack in recent weeks, and it turns out the hackers were the same bad actors who targeted Ticketmaster. Next month, a pop up store will open in the Mall of America to display as many as 150 recommended products in an experiential retail effort.

PayPal

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SEPTEMBER 9, 2016

Many experts are looking directly at Russia for these attempts and breaches. The recent breach of email servers belonging to the Democratic National Committee (DNC) is listed as one such example, especially considering the political firestorm that ensued shortly after. Android Users Can’t Catch A Break.

Phishing

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JUNE 2, 2017

For those who aren’t familiar with the digital currency, Zcash is – like bitcoin – an altcoin used for anonymous online transactions. The compromise of unreleased footage from the TV series “Orange Is the New Black” took place at a third-party production vendor. To subscribe, hackers must pay 100 ZEC ($21,000).

Ransomware

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AUGUST 24, 2016

Typically, this begins with hackers gaining access to stolen credentials through the types of massive data breaches that have made headlines in recent years. Whether its payment data or personally identifiable information (PII), the compromised credentials are quickly turned around and sold to fraudsters.

Credential

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FEBRUARY 28, 2020

Most use a variety of techniques to go after accounts directly, and obtain personally identifiable information (PII), bitcoin wallets or other digital valuables. The number-one thing that we see is compromised credentials from another service being used against us,” he explained.

Credential

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SEPTEMBER 18, 2017

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. So, only after almost every single adult in the U.S.

Regulations

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JUNE 15, 2018

Thus, private blockchain as an extraordinarily tough line of defense against the bad guys who want to breach a firm and take its data. One overarching theme is proactivity, where reactive scrambling had once been the norm in the wake of a breach.

Blockchain

Stax

JULY 9, 2024

EFT Payments vs Cryptocurrency Payments Cryptocurrency payments utilize decentralized digital currencies like Bitcoin or Ethereum, which operate on blockchain technology. This means that actual account details, like the recipient’s bank account information, are not transmitted during the transaction, reducing the risk of data breaches.

Electronic Fund Transfer Act (EFTA)

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MAY 22, 2017

In early May, approximately 300,000 computer systems in more than 150 countries were compromised by the WannaCry cyberattack. To date, more than $80,000 in bitcoin payments have been made so users could access their files again. s National Health Service. The Digital Threat to Commerce.

Regulations

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APRIL 7, 2017

And, in reflecting on the recent news that Yahoo had seen a breach of as many as 1.5 Moving on to the third ring of concerns, Stavridis discussed terrorism and hacktivism, where, for example, the Islamic State operates across the dark web via bitcoin and other avenues.

Cybersecurity

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JULY 16, 2020

A hundred thousand data breaches after the great Target breach of late 2013, and the world has more or less gotten used to hackers getting into places they ought not be, and making off with money or data that they ought not have. As of 2020, high-profile hacks are no longer a massive surprise.

Law Enforcement

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MAY 15, 2019

There’s an email scam going around that involves scammers claiming to have webcam footage of people watching porn, with threats to release the info if not paid a hefty ransom in bitcoin, according to a report by Fortune. On average, a payout equals $593.56, which comes out to 0.073 bitcoin. Training employees doesn’t work,” he said.

Scams

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JULY 31, 2020

The trio allegedly compromised more than 100 social media accounts and scammed the account users into sending bitcoin to a single wallet. The arrests come on the same day Twitter updated users about the investigation of the massive security breach.

Law Enforcement

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JULY 19, 2020

Twitter has provided a glimpse into its investigation of last week’s security breach , the worst in its 14-year history, as hackers commandeered more than 100 high-profile accounts. “At On Musk’s account, a tweet appeared asking for bitcoin, promising to double all payments sent to an address. The FBI has launched an investigation.

Accounts

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MARCH 24, 2017

Whether a mysterious “crime family” is really out to compromise iCloud and.mac accounts is yet to be seen, but either way the possible extortion of a tech giant is worrisome. Justice Department for allegedly taking part in the massive data breach that rocked Yahoo. This is a highly likely scenario.

Credential

PYMNTS

MARCH 7, 2016

The POS breaches that colored our world in payments starting at the tail end of 2013 set in motion a whole host of activities designed to protect payments data at the physical point of sale. Consumers aren’t bothered all that much about having their card credentials compromised. SHOULDN’T WE BE PROTECTING MORE THAN JUST PAYMENTS DATA?

Online and Mobile Banking

PYMNTS

MARCH 17, 2017

Moments after the tweet was posted and pinned to the top of the account page, McDonald’s removed the message and confirmed its account was “compromised.” ” Roughly an hour later, McDonald’s tweeted: “Twitter notified us that our account was compromised. Twitter remained adamant that its systems were not breached.

Compromise

PYMNTS

APRIL 15, 2016

Benjamin Lawsky, the former New York state financial services chief, certainly wasn’t a fan of bitcoin or virtual currencies. Now, it appears he is going to use his firm to assist with the side of bitcoin that’s been getting more positive press. The Trump-Bitcoin Wall Battle. Follow the bouncing bitcoin.

Bitcoin

Fintech News

MARCH 1, 2025

Billion, 2025) The biggest crypto hack in history occurred when Bybits cold wallet was breached. Ronin Network (US$625 Million, 2022) Hackers breached the Ronin Network, stealing around $625 million worth of Ether and USDC. billion dollars when hackers breached a hot wallet. The 10 Largest Crypto Hacks in History 1. Bybit (US$1.5

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