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Tag: Cryptocurrency

Unmasking Crypto Scams: The Team Effort Behind the Con

Whether you’re a crypto-skeptic or a crypto-maximalist, it cannot be denied that the mostly unregulated cryptocurrency ecosystem is no stranger to fraud. It has links to multiple types of cyber crime, including ransomware, carding, phishing, and malware development. What’s more, the line between a cryptocurrency criminal and entrepreneur is often hard to define: In December […]

What we’re reading this month: September 2022

In this months episode of the what we’re reading series, we deep dive into an investigation into Russia’s military intelligence service (GRU), the recent Ethereum merge, and tracking the Russia -Ukraine war in Liveuamap. Check out the key takeaways from the team below. Riam: Bellingcat GRU investigation Late last month, Bellingcat released findings from an […]

HolyGhost’s Bargain Basement Approach to Ransomware

Recent reporting from Microsoft has shone light on the “HolyGhost” ransomware group, a cybercriminal outfit originating from North Korea. While this might appear like yet another ransomware group, in what is an increasingly saturated market, HolyGhost holds a number of distinctions from their peers. Conducting cybercriminal operations from a communist state represents a number of […]

What we’re reading this month: June 2022

As you’d imagine, our talented team of intelligence analysts spend a considerable amount of time reading different material each month, in order to stay abreast of the latest developments within our industry. This puts the team in the best place to provide answers to the important questions that our clients need to know about. Some […]

The role of Non-Fungible Tokens (NFTs) in facilitating cybercrime

You’d have to have been living under a rock to have avoided the excitement surrounding Non-Fungible-Tokens (NFTs) in the last year, which have taken both the cryptocurrency and art world by storm. NFTs have been in existence since 2014, existing as a digital receipt recording ownership of digital and physical assets; this includes art, videos, […]

Biden’s Executive Order on Crypto: What you need to know

On 9 Mar 2022 US President Biden signed a new executive order (EO) to ensure the responsible development of cryptocurrency in the U.S. This EO provides direction towards future regulation and strategy, with that strategy likely to determine how cryptocurrency will be managed in the coming years. The EO has largely been received in a […]

Can cryptocurrency be used to bypass the impact of sanctions being applied against Russia?

In an interview on 28 Feb 2022, former Presidential candidate Hillary Clinton criticized several cryptocurrency exchanges that had decided against blanket bans for Russian users from their platforms. The decision against the bans on Russian users coincided with significant sanctions being applied against Russia following their invasion into Ukraine. Senator Clinton reiterated a common sentiment […]

How Do Ransomware Groups Launder Payments?

Ransomware continued to represent arguably the biggest headache for incident responders and blue teams in 2021, and the upcoming year will almost certainly continue in the same vein. Digital Shadows (now ReliaQuest) observed a persistent rise in both the numbers of attacks being committed, price of ransom fee being charged, and the numbers of groups […]

Year in Review: Our Top Blogs of 2021

I’m sure we can all agree that this year has been busy for anyone who had anything, even remotely, to do with security. The year 2021 started off with a bang as we all dealt with the fallout from a handful of Exchange bugs, dealt with the repercussions of the Accellion and Kaseya attacks, and […]

Bitcoin and Alternative Cryptos in the Cybercriminal Underground

The popularity of Bitcoin and cryptocurrencies continue to progress in the modern-day, with drastically surging valuations. Notably, Bitcoin surpassed its all-time high of USD 20,000 (in 2017) to achieve an eye-watering USD 60,000 at the time of writing (April 2021). And while legislation and law enforcement continue to try to get a stranglehold on the […]