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How Cryptocurrency Turns to Cash in Russian Banks

Krebs on Security

A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. A machine-translated version of Flymoney, one of dozens of cryptocurrency exchanges apparently nested at Cryptomus.

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Ransomware and Cyber Attacks were hot topics at G7 Summit

CyberSecurity Insiders

All the world leaders who took part at the G7 Summit held in Cornwall, UK have agreed on a unanimous note that ransomware and cyber attacks have emerged as the biggest threats to their nation in recent times. The post Ransomware and Cyber Attacks were hot topics at G7 Summit appeared first on Cybersecurity Insiders.

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Ransomware Cyber Attack on Molson Coors

CyberSecurity Insiders

Brewery company Molson Coors has made it official that its IT infrastructure was reigning under a major cyber attack that has brought its Beverage production to a complete standstill. Note 2- From the past few months, especially after lock-down, ransomware spreaders are consistently attacking private entities for financial benefits.

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Cyber Attack on Bureau Veritas

CyberSecurity Insiders

The digital operations of the multinational company Bureau Veritas(BV) was brought to a halt when hackers launched a cyber attack on the IT infrastructure of the company that offers lab testing, inspection and certification services. Note 3- Ransomware is a kind of malware that encrypts a database until a ransom is paid.

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Gloucester City Council hit by a possible Ransomware Cyber Attack

CyberSecurity Insiders

Though there is no confirmed news that the attack was of a ransomware virus, sources report that the restoration of services might take a few weeks as the incident seems to be more complicated after preliminary investigations were concluded.

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Security Affairs newsletter Round 496 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Chinese threat actors use Quad7 botnet in password-spray attacks FBI arrested former Disney World employee for hacking computer menus and mislabeling allergy info Sophos details five years of China-linked threat actors’ activity targeting network devices worldwide PTZOptics cameras zero-days actively exploited in the wild New LightSpy spyware (..)

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United States charges 3 North Koreans for Global Cyber Attacks

CyberSecurity Insiders

The United States Department of Justice has charged 3 North Korean for allegedly launching cyber attacks on many of the banking and cryptocurrency networks operating across the world. attack aka Not Petya ransomware attack. billion in cash and digital currency from entities operating across the world.