‘Money Mule’ Scams Adopting Bitcoin ATMs For Transferring Hacked Funds

Source: National Cyber Security – Produced By Gregory Evans Hackers who raid corporate bank accounts often launder stolen funds by depositing them in accounts owned by “money mules,” people recruited through work-at-home job scams. The mules are usually instructed to wire the stolen funds to the scammers. Increasingly, however, The…

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Bitcoin Price Plunges 20% After Hackers Steal $72 Million

Source: National Cyber Security – Produced By Gregory Evans Prices in bitcoin fell over 20% on Tuesday after a security breach at Bitfinex, a Hong Kong-based exchange. Reuters reported that almost 120,000 units of bitcoin, together worth $72 million at the time, had been stolen from online customers. The exchange…

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Use Bitcoin If You’re Going To Hack An Election

Source: National Cyber Security – Produced By Gregory Evans For decades, Latin American elections have been rigged. In the 21st century, technology has abetted the practice, resulting in the region’s dirtiest elections over the past half-decade. And, when hacking an election, Bloomberg reports, using Bitcoin is crucial. As Enrique Peña…

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UAE Bank Victimized by Data Breach and Bitcoin Ransom

Source: National Cyber Security – Produced By Gregory Evans Another customer data breach is in the news, only this time, the results are worse than we’re used to. The breach occurred in the United Arab Emirates, and the attack is being labeled as the biggest in the country’s history. According…

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Barclays tipped as first bank to accept virtual money Bitcoin

Source: National Cyber Security – Produced By Gregory Evans The high street bank has two labs that are dedicated to exploring the potential of the online currency. And the financial giant is also helping a charity look at how the technology can be used. At the moment British banks aren’t…

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