PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

IRS 96

IRS Cryptocurrency RFP Law Enforcement 96

PYMNTS

DECEMBER 18, 2020

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. In addition, ransomware attacks and associated demands for payment, which are almost exclusively denominated in CVC, are increasing in severity.".

Treasury 141

Treasury Rules Bitcoin Ransomware 141

Fintech News

FEBRUARY 21, 2024

In the ever-evolving cryptocurrency market landscape, 2023 marked a pivotal year that saw significant shifts in the nature and scope of illicit activities. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

Crime 109

Crime Ransomware Scams Romance Scams 109

Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. From high-profile ransomware attacks and terrorist financing to scams that wiped out millions in savings, global crypto crime has become an urgent concern. Asia has been both a target and a base for cybercriminals engaging in ransomware operations.

Crime 93

Crime Ransomware Scams Phishing 93

PYMNTS

MARCH 7, 2019

As the crypto market expands, Canadian policymakers and law enforcement officials need to leverage external parties who specialize in blockchain forensic analysis if they intend to build resistance to illicit activity,” said Dina Mainville, CipherTrace sales director for Canada, in a press release. “As

Bitcoin 59

Bitcoin Ransomware Law Enforcement Blockchain 59

PYMNTS

AUGUST 10, 2018

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 ransomware caused Atlanta’s courthouse documents, and services like payment processing, to become inaccessible. However, not everyone agrees.

Ransomware 40

Ransomware Law Enforcement Encryption FBI 40

FICO

DECEMBER 23, 2020

Newly regulated areas such as digital assets and cryptocurrency businesses will likely undergo increased scrutiny (as companies transacting in digital assets are not exempt from AML requirements). There Will Be More Ransomware Attacks and Potential Sanctions Risk Implications.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52