New York State AG Letitia James served cease and desist letters to two cryptocurrency lending platforms that her office says engage in "unregistered and unlawful activities." Three other platforms were told by the OAG to "immediately provide information about their activities and products."
The U.S. Department of the Treasury unveiled additional steps to curb the illicit use of cryptocurrencies on Friday, warning enterprises not to engage with sanctioned entities exploiting the financial system - particularly to launder ransomware proceeds.
The latest edition of the ISMG Security Report features an analysis of the arrest of two suspects tied to a major ransomware group in Ukraine. Also featured: Introducing "The Ransomware Files" and defining the next-gen CISO.
The U.S. Department of Justice said this week it will pursue government contractors that fail to report cybersecurity incidents. The department also announced the formation of a Cryptocurrency Enforcement Team to prosecute the misuse of virtual currencies.
The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean monero laundering. Also featured are cyber insurance trends and cybercrime innovation.
A bipartisan bill has been introduced in the U.S. Senate which, if passed, would find the Treasury Department actively monitoring cryptocurrency mining abroad, as well as its ultimate impact on U.S. supply chains for critical resources, including semiconductors.
Weaknesses in the systems of ShapeShift, a U.K.-based cryptocurrency exchange, reveal how a North Korean-linked group laundered cryptocurrency that came from the WannaCry 2.0 attack. The issues undermined some protections in Monero, a cryptocurrency designed to provide a high degree of privacy.
The U.S. Federal Reserve said Wednesday it is continuing to evaluate the creation of a central bank digital currency, or CBDC, and that it intends to publish research on the subject shortly, according to Chair Jerome Powell.
In the latest security incident involving a decentralized finance protocol, cross-chain project pNetwork announced Sunday it had been hacked for 277 pBTC, a form of wrapped bitcoin, with losses worth over $12 million at current value.
Amid growing calls for cryptocurrency regulations, the U.S. acting comptroller of the currency has made a definitive statement on safeguarding investors and how cryptocurrency should intersect with traditional financial institutions.
New York officials won a court order shuttering cryptocurrency trading platform Coinseed, after it allegedly defrauded thousands of investors out of millions of dollars, according to State Attorney General Letitia James. The court also awarded a $3 million judgment against Coinseed and its CEO.
Since Bitcoin’s launch in 2009, cryptocurrency has created new markets, spurred advancements in financial infrastructure, and driven innovative thinking in how to meet the world’s economic needs. But how can new entrants identify opportunities and manage risks in this emerging industry?
It all starts with...
Is cryptocurrency on your radar? If not, it should be.
As interest in cryptocurrency grows, we’ve not only seen an influx of institutional investment, but also new cryptocurrency services launched by traditional financial institutions. However, many FIs remain on the sidelines, perhaps unsure of how to get...
Average ransomware payments have increased by 450% since 2019. What are you doing to protect your organization from potential threats?
Ransomware was the biggest cybercrime story of 2020, with victim payments more than quadrupling over the previous year’s totals. And so far in 2021, ransomware attacks have yet to...
U.S. SEC Chair Gary Gensler testified before the Senate on Tuesday and again called for comprehensive cryptocurrency regulations, citing a need to reduce cybersecurity risks, other market risks, and criminal efforts to defraud investors, while simultaneously advancing the space.