The NewYorkTimes.com reported that “Smugglers, money launderers and people facing sanctions once relied on diamonds, gold and artwork to store illicit fortunes. The luxury goods could help hide wealth but were cumbersome to move and hard to spend. Now, criminals have a far more practical alternative: stablecoins, a cryptocurrency tied
Continue Reading Anyone surprised that criminals use Cryptocurrency to launder money?
Darkreading.com reported that “A $14 billion seizure by US investigators presents a warning for cybercriminals’ reliance on bitcoin but is still a positive development for the cryptocurrency industry.” The October 23, 2025 article entitled “US Crypto Bust Offers Hope in Battle Against Cybercrime Syndicates” (https://www.darkreading.com/cyberattacks-data-breaches/us-crypto-bust-hope-battle-against-cybercrime-syndicates) included these comments:
Continue Reading Cybercriminals are still reliant on bitcoin!
DarkReading.com reported that “While exploitation of security flaws in many smart contracts have become a perennial target of cyberattackers, more security firms are shining a spotlight on scams that use fraudulent or obfuscated smart contracts as a way to siphon off funds from cryptocurrency accounts.” The August 8, 2025 article
Continue Reading Big threat to Crypto as Cyberattacks are directed at SMART CONTRACTS!
HealthCareInfoSecurity.com reported that “Ransomware, data theft and other cyberattacks continue to plague the healthcare sector, especially specialty medical care providers.” The August 5, 2025 article entitled “Hacks on 3 Specialty Medical Providers Affect Nearly 800,000” (https://tinyurl.com/hpz2wbh7) included these comments:
Recent hacks on a provider of sleep disorder diagnostic
Continue Reading 800,000 medical patients affected by recent cyberattacks!
BankInfoSecurity.com reported that “The latest development comes on the heels of a European Commission proposal Wednesday for a single currency, called the Digital Euro, that will be accepted across the EU. The new currency, issued by the European Central Bank, would “work like digital wallet,” the commission said, but members
Continue Reading Are you ready for Digital Wallets in the EU?
BankInfoSecurity.com reported that “Law enforcement and regulatory action over the past year in the United States most likely dissuaded hackers from stealing cryptocurrency, making the amount stolen in the first quarter of the year the lowest compared to each of the four quarters in 2022.” The May 23, 2023 article
Continue Reading Crypto Hacks in 2023 have declined in 2023, but likely to Increase!
HealthInfoSecurity.com reported about an alert issued by “…the U.S. Department of Health and Human Services’ [HHS] Health Sector Cybersecurity Coordination Center warned that Clop claims to have hit more than 130 organizations, including healthcare industry entities, with attacks involving the GoAnyWhere MFT flaw.” The February 24, 2023 entitled “Authorities Warn
Continue Reading Ransomware-as-a-Service Continues to Target Healthcare!
BankInfoSecurity.com reported that “Coinbase on Friday revealed that the hacking campaign against the company began on Feb. 5 when its employees received SMS messages requesting that they urgently log into their official email accounts to receive an important message.” The February 21, 2023 article entitled “Crypto Exchange Coinbase Details SMS
Continue Reading SMS Phishing Attack Caused Coinbase Employee Data Leak!
The US Securities and Exchange Commission (SEC) issued a press release that the SEC had “charged Payward Ventures, Inc. and Payward Trading Ltd., both commonly known as Kraken, with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to Kraken for
Continue Reading Kraken (Staking-as-a-Service) settles for $30 Million with the SEC!