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Cryptocurrency Money Laundering Relies on Surprisingly Few Addresses, Report Finds

Cryptocurrency money-laundering services seem to be booming, with funds surging in from criminal activities, but it turns out that a small number of deposit addresses received 75% of all cryptocurrency, by value, sent from illicit addresses in 2020, according to a new...

DoppelPaymer Gang Reportedly Attacked Kia Motors America with Ransomware

Kia Motors America was hit by a ransomware attack, and the criminals asked for a $20 million ransom to provide a decryptor, BleepingComputer reported. The initial reports referred to an IT outage across the US for Kia Motors America. Later, someone tried to pick up a...

DoppelPaymer Gang Reportedly Attacked Kia Motors America with Ransomware

Kia Motors America was hit by a ransomware attack, and the criminals asked for a $20 million ransom to provide a decryptor, BleepingComputer reported. The initial reports referred to an IT outage across the US for Kia Motors America. Later, someone tried to pick up a...

Lakehead University Shuts Down Campuses and Computers After Cyberattack

Computer systems at Lakehead University (LU) in Ontario, Canada, remain offline after a cyberattack hit the public research institution on Tuesday. In response to the attack, officials shut down all computer systems at the Thunder Bay and Orillia campuses. The message...

Banks Investing in Automated Cyber-Defenses to Fight Business Email Compromise, Survey Shows

The COVID-19 pandemic has intensified both the threat of fraud and the response to it, with corporate environments and banking in particular aligning on defensive automation, according to a new report. Bottomline and Strategic Treasurer this week published the 2021...
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