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Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Ponle, according to the complaint, wasn’t that concerned with covering his tracks — he reportedly used the same address on the Bitcoin network since 2014.
million worth of bitcoin in ransom this week to hackers who said they seized control of 30,000 company computers and two terabytes of data, Reuters reported on Friday (July 31). million, and it isn’t clear whether private customer data was compromised by the attack. Corporate travel manager CWT paid $4.5
Business email compromise (BEC) scams are gaining traction, and bilking unwitting individuals and companies out of an increasing amount of money. Recently announced statistics from the Federal Bureau of Investigation (FBI) bear out this trend. Actors usually get around 70 percent of the face value of the card in bitcoin.”.
The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years. billion in 2019.
Anything of value that is smart and connected can be compromised and held for ransom,” said Steve Grobman, the chief technology officer at McAfee. “If In its most recent warning, the FBI said cyberattacks were becoming “more targeted, sophisticated, and costly.”. and Europe.
But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. Federal Bureau of Investigation.
When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. Ironically, this most recent case comes less than a year after a New Jersey police officer from the same city was nabbed for selling bitcoin mining equipment. The result? million in losses for victims.
Currently the malware has caught the FBI’s attention. SAMSAM) was used to compromise the networks of multiple U.S. victims, including 2016 attacks on healthcare facilities that were running outdated versions of the JBoss content management application,” the FBI says. bitcoin, or about $4,600, is the price.
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.
The ransomware payment was approved during an emergency meeting on Monday (June 24), allowing the city to make a bitcoin payment worth about $462,000. While the FBI recommends not paying hackers because it encourages more attacks, some victims believe they have no choice but to give into the demands. In March, for example.
The business email compromise has created more than 22,000 cases in the U.S. and elsewhere, the FBI found, leading to requests for $3.1 Business email compromises are also on the rise in the U.K., firms think bitcoin is a flop , found Smith & William’s Enterprise Index survey. billion in losses hit U.K.
That means bitcoin. What Does Any of This Have To Do With Bitcoin? Bitcoin is a fascinating technology on the merits. Bitcoin uses math — and math equations that anyone can solve and see — to provide this cash-like feature. And why we might need to channel our inner Frances Kelsey to help get us there.
On Musk’s account, a tweet appeared asking for bitcoin, promising to double all payments sent to an address. Twitter said it learned of the attack on Wednesday (July 15) and locked down and regained control of the compromised accounts. The FBI has launched an investigation.
Missouri City, Texas, May 24th, 2025, FinanceWire NACs founder, Marcus Andrade, requests that President Trump investigate if the withholding of the evidence within the AML BITCOIN classified files was really related to national security reasons and/or if it was nothing more than an attempt to suppress exculpatory and impeachment evidence.
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