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Greek  police have arrested a Russian man who is believed to have been the operator of the popular BTC-e Bitcoin exchange on charges of laundering more than $4 billion in bitcoin for culprits involved in hacking attacks, tax fraud and drug trafficking. A United States jury indicted 38-year-old Alexander Vinnik on Wednesday after his arrest in Greece on Tuesday at the request of US law enforcement authorities. The suspect is one of the operators of BTC-e, a service operational since 2011. Headquartered in Russia, the digital currency exchange has been offline since the arrest of Vinnik, and its homepage says, "Site is under maintenance. We apologize for the inconvenience.." According to a press release published by the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), BTC-e ignored "know your customer" laws in an effort to serve criminals, and even hosted message boards buzzing with illegal activities. The FinCEN also announced a $110 ...

Last month, we reported about a group of hackers exploiting SambaCry —a 7-year-old critical remote code execution vulnerability in Samba networking software—to hack Linux computers and install malware to mine cryptocurrencies. The same group of hackers is now targeting Windows machines with a new backdoor, which is a QT-based re-compiled version of the same malware used to target Linux. Dubbed CowerSnail , detected by security researchers at Kaspersky Labs as Backdoor.Win32.CowerSnail, is a fully-featured windows backdoor that allows its creators to remotely execute any commands on the infected systems. Wondering how these two separate campaigns are connected? Interestingly, the CowerSnail backdoor uses the same command and control (C&C) server as the malware that was used to infect Linux machines to mine cryptocurrency last month by exploiting the then-recently exposed SambaCry vulnerability. Common C&C Server Location — cl.ezreal.space:20480 SambaCry vulnerabi...

Security researchers at Google have discovered a new family of deceptive Android spyware that can steal a whole lot of information on users, including text messages, emails, voice calls, photos, location data, and other files, and spy on them. Dubbed Lipizzan , the Android spyware appears to be developed by Equus Technologies, an Israeli startup that Google referred to as a 'cyber arms' seller in a blog post published Wednesday. With the help of Google Play Protect , the Android security team has found Lipizzan spyware on at least 20 apps in Play Store, which infected fewer than 100 Android smartphones in total. Google has quickly blocked and removed all of those Lipizzan apps and the developers from its Android ecosystem, and Google Play Protect has notified all affected victims. For those unaware, Google Play Protect is part of the Google Play Store app and uses machine learning and app usage analysis to weed out the dangerous and malicious apps. Lipizzan: Soph...

A programmer who was arrested in March this year—not because he hacked someone, but because he created and distributed a remote access software that helped cyber criminals—has finally pleaded guilty. Taylor Huddleston , 26, of Hot Springs, Arkansas, pleaded guilty on Tuesday to federal charges of aiding and abetting computer intrusions for intentionally selling a remote access tool (RAT), called NanoCore, to hackers. NanoCore RAT happens to be popular among hackers and has been linked to instructions in at least 10 countries, among them was a high-profile assault on Middle Eastern energy firms in 2015. NanoCore RAT, a $25 piece of remote access software, allows attackers to steal sensitive information from victim computers, such as passwords, emails, and instant messages. The RAT could even secretly activate the webcam on the victims' computers in order to spy on them. Huddleston began developing NanoCore in late 2012, not with any malicious purpose, but with a motive to o...

Microsoft has finally launched a new dedicated bug bounty program to encourage security researchers and bug hunters for finding and responsibly reporting vulnerabilities in its latest Windows versions of operating systems and software. Being the favourite target of hackers and cyber criminals, every single zero-day vulnerability in Windows OS—from critical remote code execution, mitigation bypass and elevation of privilege to design flaws—could cause a crisis like recent WannaCry and Petya Ransomware attacks. In past five years the tech giant has launched multiple time-limited bug bounty programs focused on various Windows features, and after seeing quite a bit of success, Microsoft has decided to continue. "Security is always changing, and we prioritise different types of vulnerabilities at different points in time. Microsoft strongly believes in the value of the bug bounties, and we trust that it serves to enhance our security capabilities." With its latest bu...