Security News
The U.S. Department of Justice has announced the seizure of $500,000 worth of Bitcoin from North Korean hackers who extorted digital payments from several organizations by using a new ransomware strain known as Maui. The DoJ did not disclose where the rest of the payments originated from.
The FBI has warned cryptocurrency owners and would-be owners about a scam involving phony liquidity mining that the bureau says has cost victims more than $70 million in combined losses since 2019. Liquidity mining is an investment strategy that appears to reward investors for contributing some of their crypto assets to a pool, which provides traders the liquidity necessary to conduct transactions.
Federal law enforcement officials this week said they seized about $500,000 that healthcare facilities in the United States paid to the Maui ransomware group. In the case involving the Kansas healthcare facility, the hospital paid the $100,000 ransom but also contacted the FBI, which traced the payment through the blockchain and identified accounts used by money launderers in China who were working with the North Korean-backed ransomware group.
The U.S. Department of Justice has announced the seizure of approximately $500,000 in Bitcoin, paid by American health care providers to the operators of the Maui ransomware strain. At the start of this month, Maui was highlighted by the FBI and CISA as a new North Korean-backed ransomware operation extorting western organizations with encryption attacks.
FBI warns of phony cryptocurrency apps aiming to steal money from investors. The FBI is urging cryptocurrency investors and investment firms to beware of fraudulent cryptocurrency apps that try to steal money from unsuspecting victims.
Threat actors have defrauded 244 U.S. investors of about $42 million through fake cryptocurrency apps that exploit people's legitimate investments in digital currency, the FBI has revealed. The agency observed a number of cybercriminal campaigns that duped people into downloading malicious apps through which threat actors extorted money from victims, the FBI said in a Private Industry Notification published Monday.
The U.S. Federal Bureau of Investigation has warned of cyber criminals building rogue cryptocurrency-themed apps to defraud investors in the virtual assets space. "The FBI has observed cyber criminals contacting U.S. investors, fraudulently claiming to offer legitimate cryptocurrency investment services, and convincing investors to download fraudulent mobile apps, which the cyber criminals have used with increasing success over time to defraud the investors of their cryptocurrency," the agency said [PDF].
The FBI has warned today that cybercriminals use fraudulent cryptocurrency investment applications to steal funds from US investors. "The FBI has observed cyber criminals contacting US investors, fraudulently claiming to offer legitimate cryptocurrency investment services, and convincing investors to download fraudulent mobile apps, which the cyber criminals have used with increasing success over time to defraud the investors of their cryptocurrency," the FBI said in an alert published Monday.
Speaking to an audience of business and academic leaders, MI5 director general Ken McCallum and FBI director Chris Wray argued that Beijing's Made in China 2025 program and other self-sufficiency tech goals can't be achieved without a boost from illicit activities. The Chinese Government sees cyber as the pathway to cheat and steal on a massive scale.
Is wanted for her alleged participation in a large-scale fraud scheme. Throughout the scheme, OneCoin is believed to have defrauded victims out of more than $4 billion.