Remove Bitcoin Remove Cybersecurity Remove FBI
article thumbnail

City Held Hostage — Via Bitcoin Ransomware

PYMNTS

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.

article thumbnail

Why Bitcoin And Ransomware Seem To Go Hand In Hand

PYMNTS

As the instances and threat of ransomware continues to wreak havoc on both businesses, governments and individuals around the world, it seems as though bitcoin has found itself closely intertwined with the malicious software. The survey also revealed other concerns regarding corporate cybersecurity measures. Data from the U.S.

article thumbnail

Bitcoin Daily: China Plans Crypto Crackdown, Mail Chimp Blocks Crypto And ICO Marketing

PYMNTS

Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. The price of bitcoin was $6,826.68 In cybersecurity news, that supposed tech support rep from the cryptocurrency exchange may, in fact, be a scammer, CoinDesk reported. as of 11:13 p.m.,

Bitcoin 49
article thumbnail

Are Chinese Hackers To Blame For US Ransomware Attacks?

PYMNTS

” According to the cybersecurity companies, the tactics and tools used to perpetrate the growing rate of the ransomware attacks throughout the U.S. are finding themselves hit by so-called ransomware — malicious software that holds a user’s computer hostage unless the perpetuator is paid off, generally in bitcoin. million total.

article thumbnail

Payment Details Emerge From North Korean Hacking Case

PYMNTS

Bitcoin Role. Bitcoin played a role in the alleged North Korea-directed cyberattacks. Park faces one count of conspiracy to commit computer fraud and abuse — which carries a maximum sentence of five years in prison — and one count of conspiracy to commit wire fraud, which has a maximum sentence of 20 years in prison.

SWIFT 63
article thumbnail

Hackers Plead Guilty For Charging Uber To Delete Stolen Data

PYMNTS

After three weeks of negotiating, the ride share giant paid the men $100,000 in bitcoin through a third party. We’re dealing with the most sophisticated cyber actors in the world,” FBI Special Agent in Charge John F. Glover and Mereacre were able to access the confidential corporate databases on AWS using stolen credentials.

article thumbnail

Even Golfers Aren’t Safe From Ransomware

PYMNTS

The Professional Golfers Association (PGA) of America has been hit with ransomware, with cybercriminals demanding a payment in bitcoin to a specific wallet address. The FBI and other law enforcement agencies usually don’t recommend paying these types of ransoms, since it might encourage attackers to keep committing these cybercrimes.