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Category — Cybercriminal
Cybercriminals Hold $115,000-Prize Contest to Find New Cryptocurrency Hacks

Cybercriminals Hold $115,000-Prize Contest to Find New Cryptocurrency Hacks

Jun 02, 2021
A top Russian-language underground forum has been running a "contest" for the past month, calling on its community to submit "unorthodox" ways to conduct cryptocurrency attacks. The forum's administrator, in an announcement made on April 20, 2021, invited members to submit papers that assess the possibility of targeting cryptocurrency-related technology, including the theft of private keys and wallets, in addition to covering unusual cryptocurrency mining software, smart contracts, and non-fungible tokens (NFTs). The contest , which is likely to continue till September 1, will see a total prize money of $115,000 awarded to the best research. "So far, the top candidates (according to forum member voting) include topics like generating a fake blockchain front-end website that captures sensitive information such as private keys and balances, creating a new cryptocurrency blockchain from scratch, increasing the hash rate speed of mining farms and botnets, ...
18-Year-Old Hacker Gets 3 Years in Prison for Massive Twitter 'Bitcoin Scam' Hack

18-Year-Old Hacker Gets 3 Years in Prison for Massive Twitter 'Bitcoin Scam' Hack

Mar 17, 2021
A Florida teen accused of masterminding the hacks of several high-profile Twitter accounts last summer as part of a widespread cryptocurrency scam pled guilty to fraud charges in exchange for a three-year prison sentence. Graham Ivan Clark, 18, will also serve an additional three years on probation. The development comes after the U.S. Department of Justice (DoJ)  charged  Mason Sheppard (aka Chaewon), Nima Fazeli (aka Rolex), and Clark (then a juvenile) with conspiracy to commit wire fraud and money laundering. Specifically, 30 felony charges were filed against Clark, including one count of organized fraud, 17 counts of communications fraud, one count of fraudulent use of personal information with over $100,000 or 30 or more victims, 10 counts of fraudulent use of personal information, and one count of access to computer or electronic device without authority. On July 15, 2020, Twitter  suffered  one of the biggest security lapses in its history after the atta...
Watch Out For These 8 Cloud Security Shifts in 2025

Watch Out For These 8 Cloud Security Shifts in 2025

Feb 04, 2025Threat Detection / Cloud Security
As cloud security evolves in 2025 and beyond, organizations must adapt to both new and evolving realities, including the increasing reliance on cloud infrastructure for AI-driven workflows and the vast quantities of data being migrated to the cloud. But there are other developments that could impact your organizations and drive the need for an even more robust security strategy. Let's take a look… #1: Increased Threat Landscape Encourages Market Consolidation Cyberattacks targeting cloud environments are becoming more sophisticated, emphasizing the need for security solutions that go beyond detection. Organizations will need proactive defense mechanisms to prevent risks from reaching production. Because of this need, the market will favor vendors offering comprehensive, end-to-end security platforms that streamline risk mitigation and enhance operational efficiency. #2: Cloud Security Unifies with SOC Priorities Security operations centers (SOC) and cloud security functions are c...
Police Arrest 21 WeLeakInfo Customers Who Bought Breached Personal Data

Police Arrest 21 WeLeakInfo Customers Who Bought Breached Personal Data

Dec 26, 2020
21 people have been arrested across the UK as part of a nationwide cyber crackdown targeting customers of WeLeakInfo[.]com, a now-defunct online service that had been previously selling access to data hacked from other websites. The suspects used stolen personal credentials to commit further cyber and fraud offences, the UK National Crime Agency (NCA)  said . Of the 21 arrested — all men aged between 18 and 38 — nine have been detained on suspicion of Computer Misuse Act offences, nine for Fraud offences, and three are under investigation for both. The NCA also seized over £41,000 in bitcoin from the arrested individuals. Earlier this  January , the US Federal Bureau of Investigation (FBI), the NCA, the Netherlands National Police Corps, the German Bundeskriminalamt, and the Police Service of Northern Ireland jointly  seized the domain  of WeLeakInfo.com. Launched in 2017, the service provided its users a search engine to access the personal i...
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