Security News
The Russian founder of the now-defunct Bitzlato cryptocurrency exchange has pleaded guilty, nearly 11 months after he was arrested in Miami earlier this year. Anatoly Legkodymov (aka Anatolii...
When managing anti-money laundering obligations, many challenger banks turn to basic or unproven in-house risk management solutions. Although these solutions can, in some ways, be innovative, they are often built quickly and lack thorough testing, leading to potential vulnerabilities.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Russian national Ekaterina Zhdanova for laundering millions in cryptocurrency for various individuals,...
And that includes ransomware crims, claims US of alleged sanctions-buster A Russian woman the US accuses of being a career money launderer is the latest to be sanctioned by the country for her...
The U.S. Department of the Treasury imposed sanctions against a Russian woman for taking part in the laundering of virtual currency for the country's elites and cybercriminal crews, including the...
China-based scammers are using a combination of fake loan apps and India's real-time mobile payment system, Unified Payments Interface, to separate victims from their cash, according to a report by threat intel firm CloudSEK. "UPI service providers currently operate without coverage under the Prevention of Money Laundering Act," explained [PDF] CloudSEK researchers, letting the scammers' exploit the platforms with relative ease. Chinese payment gateways ensure the authorities cannot pursue the scammers.
Online fraud is a pervasive and constantly evolving threat that affects individuals and organizations worldwide. In this Help Net Security round-up, cybersecurity experts talk about online fraud and damaging effects it has on individuals and organizations.
Financially-motivated attackers have exploited a zero-day vulnerability in WinRAR to trick traders into installing malware that would allow them to steal money from broker accounts. CVE-2023-38831 is a file extension spoofing vulnerability, which allowed attackers to create a modified RAR or ZIP archive containing harmless files and malicious ones.
The FBI has warned of a scam in which criminals lure people into installing what they think are pre-release beta-grade phone apps to try out - only for the software to be laced with malware. By dressing up these apps as beta tests, crooks can persuade curious netizens to download and install them from outside the normal app stores, bypassing whatever passes as a review process these days.
A married couple from New York City has pleaded guilty to money laundering charges in connection with the 2016 hack of cryptocurrency stock exchange Bitfinex, resulting in the theft of about...