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The U.S. Treasury Department on Wednesday imposed sanctions against  Sinbad , a virtual currency mixer that has been put to use by the North Korea-linked  Lazarus Group  to launder ill-gotten proceeds. "Sinbad has processed millions of dollars' worth of virtual currency from Lazarus Group heists, including the Horizon Bridge and Axie Infinity heists," the department said . "Sinbad is also used by cybercriminals to obfuscate transactions linked to malign activities such as sanctions evasion, drug trafficking, the purchase of child sexual abuse materials, and additional illicit sales on darknet marketplaces." In addition to the sanctions, Sinbad had its website seized as part of a coordinated law enforcement action between agencies in the U.S., Finland, and the Netherlands. The development builds on prior actions undertaken by governments in Europe and the U.S. to blockade mixers such as  Blender ,  Tornado Cash , and  ChipMixer , all of which have been accu

The U.S. Department of the Treasury imposed sanctions against a 37-year-old Russian woman for taking part in the laundering of virtual currency for the country's elites and cybercriminal crews, including the Ryuk ransomware group. Ekaterina Zhdanova, per the department, is said to have facilitated large cross border transactions to assist Russian individuals to gain access to Western financial markets and circumvent international sanctions. "Zhdanova utilizes entities that lack Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) controls, such as OFAC-designated Russian cryptocurrency exchange Garantex Europe OU (Garantex)," the treasury department  said  last week.  "Zhdanova relies on multiple methods of value transfer to move funds internationally. This includes the use of cash and leveraging connections to other international money laundering associates and organizations." It's worth noting that Garantex was  previously sanctioned

As a vCISO, you are responsible for your client's cybersecurity strategy and risk governance. This incorporates multiple disciplines, from research to execution to reporting. Recently, we published a comprehensive playbook for vCISOs, "Your First 100 Days as a vCISO – 5 Steps to Success" , which covers all the phases entailed in launching a successful vCISO engagement, along with recommended actions to take, and step-by-step examples.  Following the success of the playbook and the requests that have come in from the MSP/MSSP community, we decided to drill down into specific parts of vCISO reporting and provide more color and examples. In this article, we focus on how to create compelling narratives within a report, which has a significant impact on the overall MSP/MSSP value proposition.  This article brings the highlights of a recent guided workshop we held, covering what makes a successful report and how it can be used to enhance engagement with your cyber security clients.

Just hours after the Australian man ' Craig Steven Wright ' outed as the possible real identity of Satoshi Nakamoto , the anonymous creator of Bitcoin, Australian Police raided his home in Sydney. Over 10 police officers raided Wright's home in the Sydney suburbs on Wednesday afternoon. They forcefully opened the door, and 'started searching the cupboards and surfaces of the garage.' However, the Sydney police raid at Wright's home is not associated with the claims of his being involved in creating Bitcoins, rather related to the Australian Taxation Office investigation, the Guardian reported . Wright was recently identified as the mysterious creator of Bitcoin, based on leaked transcripts of legal interviews and a number of emails and blog posts. However, neither Dr. Wright nor anyone else has publicly confirmed the real identity of the founder of Bitcoin Satoshi Nakamoto. In a statement, the Australian Federal Police (AFP) officers said the raids weren

Breaking Update:   Police Raid alleged Bitcoin Creator Craig Wright's Home in Sydney . Yes, Satoshi Nakamoto , the mysterious creator of the Bitcoin digital cryptocurrency has possibly been identified as an Australian entrepreneur, according to investigations independently done by Wired and Gizmodo . His name is Craig Steven Wright … ...at least based on some convincing evidence shown by both the publications. Bitcoin is a revolutionary virtual currency developed around Blockchain , a complicated cryptographic protocol and a global computers network that oversees and verifies which Bitcoins have been spent by whom. The identity of the ones spending Bitcoins are extremely difficult to trace because of its anonymous nature, therefore, are very popular among criminals. Also Read:   Meet The World's First Person Who Hacked His Body to Implant a Bitcoin Payment CHIP Satoshi Nakamoto is not only the father of an entire economy worth Billions of dollars,

Are you the one of the Digital Currency Holder? PONY is after You.  A Group of cyber criminals has used hundreds of thousands of infected computers of the digital currency holders to filch approximately $220,000 worth of Bitcoins and other virtual currencies. The researchers at the security firm, Trustwave have uncovered the Bitcoin Heist that was accomplished by the computers infected with a new class of malware that has been dubbed as ' Pony ', a very powerful type of Spying Keylogger Malware with very dangerous features that was last time found two months ago. Pony, for those who have not yet heard about it, is a bot controller much like any other, with the capability to capture all kinds of confidential information and access passwords. It contains a control panel, user management, logging features, a database to manage all the data and, of course, the statistics. It can see the passwords and login credentials of infected users when they access applications and

There are so many ways to move money anonymously on the Internet and US Justice Department has declared war on currencies widely used by cyber criminals . Just after the Law Enforcement in 17 countries shuts down ' Liberty Reserve ', a $6 billion digital money laundering operation, now the criminals is switching to another online currency called " Perfect Money ".  Perfect Money, another private digital currency that has emerged to meet the demand of Criminals and hackers, those buying and selling kit anonymously and being used by people selling stolen credit cards in Internet hacker forums recently. Fraudsters are rapidly migrating to Perfect Money and  it allows users to transfer money anonymously by purchasing and exchanging the proprietary currency for dollars, euros and gold. These virtual currencies are often linked to bitcoin because it has also been used by criminals. It was thought Bitcoin would be a handy replacement for Liberty Reser