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Seized $3.5 Million worth Bitcoins from Silk Road will be deposited in the U.S. Treasury

Seized $3.5 Million worth Bitcoins from Silk Road will be deposited in the U.S. Treasury
Oct 05, 2013
Ross Ulbricht , the recently arrested mastermind behind Silk Road , appeared in court yesterday where his lawyer begged for more time before the detention hearing. As the Protective Order states, The United States is further authorized to seize any and all Bitcoins contained in wallet files residing on silk road servers and can transfer the full account balance in each silk road wallet to a public Bitcoin address controlled by the United States. Right now the FBI must be feeling pretty good too, because a federally controlled Bitcoin account , renamed as " Silkroad Seized Coins " now contains over $3.5 million worth of the digital currency , seized from Silk Road over 26,000 Bitcoins. As of this writing, the FBI 's Bitcoin address has received 122 transactions, nearly 30 of which apparently come from pranksters and now the account holds 27,365.89919925 BTC. Forbes, Kashmir Hill asked FBI spokesperson that what the plan is for those seized Bitcoins. " W

NSA misused PRISM - Spied on Al Jazeera, bugged UN headquarters and used for personal spying

NSA misused PRISM - Spied on Al Jazeera, bugged UN headquarters and used for personal spying
Aug 31, 2013
Before NSA said that they has zero tolerance for willful violations of the agency's authorities, but NSA had violated privacy rules on thousands of occasions. According to documents seen by SPIEGEL, Arab news broadcaster Al Jazeera was spied on by the National Security Agency. The US intelligence agency hacked into Al Jazeera's internal communications system. The NSA said these selected targets had high potential as sources of intelligence. These Documents were provided by the former NSA contractor and whistleblower Edward Snowden . Also NSA was cracking the airline reservation services for Russian airline Aeroflot, accessing " Al Jazeera broadcasting internal communication " was listed as a notable success and the encrypted information was forwarded to the responsible NSA departments for further analysis. Also, The National Security Agency (NSA) has admitted some of their officers misused the agency's massive spying powers to keep tabs on their love

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024
Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl

Australian medical centre infected with Ransomware Malware demanding $4000 to Unlock

Australian medical centre infected with Ransomware Malware demanding $4000 to Unlock
Dec 10, 2012
A Gold Coast, Australian medical centre computers are infected with some ransom malware by a group of Russian hackers . The hackers encrypted the practice's patient database, demanding payment of $4000 for the files to be decrypted. " Cyber criminals based mainly throughout Eastern Europe look for rich targets, places with identifying information to extort, " Mr Phair, director of the Centre for Internet Safety and a former investigator with the Australian High-Tech Crime Centre. There have been 11 similar offences in Queensland this year, according to police. David Wood, Miami Family Medical Centre's co-owner said, " We've got all the anti-virus stuff in place - there's no sign of a virus. They literally got in, hijacked the server and then ran their encryption software ". The server with encrypted information is being held offline and an IT contractor is working with the practice to restore a backup of patient records. IT security exper

The Critical State of AI in the Cloud

cyber security
websiteWiz.ioArtificial Intelligence / Cloud Security
Wiz Research reveals the explosive growth of AI adoption and what 150,000+ cloud accounts revealed about the AI surge.
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