This week in cybersecurity began with significant developments, including the abrupt shutdown of TikTok for users in the United States late Saturday night, as the deadline approached for Apple and Google to comply with a government mandate to withdraw the popular video-sharing app from their platforms. Despite the temporary ban,…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Also: CLS Global Pleads Guilty to Wash Trading Rashmi Ramesh (rashmiramesh_) • January 23, 2025 Image: Shutterstock Information Security Media Group compiles weekly updates on cybersecurity incidents in the realm of digital assets. Recent highlights include the Trump token generating significant…
Cryptocurrency Fraud, Cybercrime, Fraud Management & Cybercrime President Honors Campaign Commitment by Pardon for ‘Dread Pirate Roberts,’ Citing Misconduct by DOJ Prajeet Nair (@prajeetspeaks) • January 22, 2025 Ross Ulbricht prior to sentencing in 2015 (Source: Ulbricht family) On the second day of his administration, President Donald Trump granted clemency…
During the Trump administration, considerations for clemency for Ross Ulbricht, the founder of the Silk Road online marketplace, were significantly influenced by serious allegations surrounding the case, including claims of murders-for-hire linked to his operations. In 2020, discussions were held within the White House regarding his potential release, but the…
The United Kingdom is set to implement a transformative measure in its strategy against ransomware attacks, instituting a formal prohibition on ransom payments. This regulation will primarily affect public and critical infrastructure sectors, including essential entities such as educational institutions, transportation systems, hospitals (notably the NHS), and financial organizations including…
In a recent roundup of cybersecurity incidents impacting the digital asset space, several noteworthy developments have unfolded, from legal proceedings to regulatory changes and financial penalties. The U.S. criminal fraud trial of Do Kwon, co-founder of Terraform Labs, is scheduled to commence in January 2026. The case, stemming from the…
Rutherford County Schools Data Breach: An Examination of Cybersecurity Vulnerabilities In mid-December, the hacker group known as "Rhysida" surfaced on the dark web, advertising an auction that offered sensitive data stolen from Rutherford County Schools. The group initially sought a ransom of 20 Bitcoin, roughly equivalent to $2 million. When…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Do Hyeong Kwon Extradited to the U.S. for Alleged Multibillion-Dollar Investor Fraud Chris Riotta (@chrisriotta) • January 2, 2025 Do Hyeong Kwon in May 2022. (Image: FAQX / CC-BY) U.S. authorities have confirmed the extradition of Do Hyeong Kwon, co-founder and…
Ransomware: A Historical Overview and Its Evolution Ransomware, a malicious software category designed to deny access to a system or to seize data until a ransom is paid, has undergone significant transformation since its origins. Emerging from simple exploits in the 1980s, it has escalated into a widespread global menace,…
