Tag: virtual currency
‘Illegal Crypto Mining is a Huge Drain on a Nation’s Power...
Hackers and ransomware groups have benefitted immensely by leveraging blockchain and cryptocurrencies to secure multi-million-dollar payouts. Cryptocurrency transactions are untraceable and not regulated by...
30 Governments Join Hands to Suppress Ransomware Payment Channels
The Virtual Counter-Ransomware Initiative meeting facilitated by the White House National Security Council, to deliberate the efforts to improving national resilience, addressing the misuse...
China Issues Stricter Ban on Cryptocurrency Activity – Global Markets Under...
In a recent announcement, the People’s Bank of China issued a blanket ban on cryptocurrency activity like trading and mining in the country. The...
Illicit Cryptomining Surges Amid Soaring Crypto Value
Most cybercriminals are financially motivated, performing various malicious cyber activities to generate revenue. Several threat actor groups leverage cryptocurrencies, demanding ransom payments in Bitcoin...
How Cryptojacking and Cryptomining Assaults Work
When reporters asked the infamous bank robber Willie Sutton why he robbed banks he allegedly replied, “because that’s where the money is”. It was...
