Until its disruption earlier this year, the Russian-language Hydra marketplace was the world's largest darknet market. Studying how Hydra became such a success will be key to tracking and disrupting future darknet markets, says Ian Gray, senior intelligence director at Flashpoint.
A "technically sophisticated" threat campaign is cloning cryptocurrency apps to steal funds from web3 wallet users, security researchers at Confiant say. The campaign, dubbed SeaFlower, uses cloned wallet apps offered by MetaMask, Coinbase, imToken and TokenPocket to carry out the theft.
The disruption of the Netwalker ransomware group in January 2021 by U.S. and Bulgarian authorities highlights how blockchain can be an Achilles' heel for cryptocurrency-using criminals, says Jackie Burns Koven, cyberthreat intelligence lead at Chainalysis.
As the Russia-Ukraine war continues, and analysts watch for retaliatory cyberattacks against Ukraine's allies, cybercrime tracker Jon DiMaggio of Analyst1 says there's good news, in that Russian cybercriminals seem to have little or no incentive to move against U.S. critical infrastructure.
Darknet markets continue to thrive despite regular disruption by law enforcement agencies and exit scams by administrators because they offer easy access to services such as tools for laundering cryptocurrency, says Kimberly Grauer, head of research at blockchain analytics firm Chainalysis.
SSNDOB, a darknet marketplace selling stolen Social Security numbers and birthdates, has been shut down, says the U.S. Department of Justice. The takedown was the result of a multiagency effort involving the IRS-CI, the FBI, the DOJ, and law enforcement agencies of Cyprus and Latvia.
Undisclosed attackers have likely stolen $1.7 million by deploying Clipminer, a cryptomining and clipboard hijacking malware, on compromised systems, says the Symantec Threat Hunter Team. According to the team, Clipminer is a copycat or an evolved version of cryptomining Trojan KryptoCibule.
The U.S. is setting up a Joint Ransomware Task Force, headed by the Cybersecurity and Infrastructure Security Agency and the FBI, as well as two international initiatives, chaired by the Department of Justice, to tackle illegal cryptocurrency activities related to ransomware.
In this edition, Ari Redbord and Grant Schneider join ISMG editors to discuss the challenges ahead for the U.S. government as it plans to roll out EDR deployments at more than half of federal agencies this year, how stable the stablecoin economy really is and how to improve industry collaboration.
There has been a rise in crypto fraud, and a substantial portion of it can be attributed to stimulus funding and paycheck protection programs, says David Britton, vice president of strategy, global ID and fraud at Experian. He discusses new authentication methods and stricter regulations.
Criminals are doubling down on their use of information-stealing malware, such as Cryptobot, RedLine Stealer and QuilClipper, to steal private keys and siphon off cryptocurrency being stored in internet-connected hot wallets or to raid cryptocurrency holders' online exchange accounts.
If you were a nation with legions of hackers at your disposal, seeking to sidestep crippling international sanctions, would you look to ransomware to fund your regime? That question is posed by new research that finds state-sponsored North Korean hackers haven't stopped their ransomware experiments.
In the latest update, four editors at Information Security Media Group discuss the intriguing insights exposed by the leak of ransomware gang Conti's internal communications, the U.S. Treasury's first-ever sanctions on a cryptocurrency mixer and the latest cyber activity in Russia's hybrid war.
The United Kingdom has announced two proposed pieces of legislation - the Financial Services and Markets Bill and the Economic Crime and Corporate Transparency Bill - to regulate the digital assets industry and curb the use of virtual currency in illicit activity.
Virtual currency mixer Blender.io has been sanctioned by the U.S. for enabling North Korea to conduct "malicious cyber activities and money laundering of stolen virtual currency," the U.S. Treasury Department’s Office of Foreign Assets Control says in its first sanctioning of a currency mixer.
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