Cryptocurrency users, exchanges and investors suffered $4.5 billion in crypto-related losses resulting from thefts, hacks, and fraud, a CipherTrace report reveals. Cryptocurrency crime losses The lion’s share of those losses stem from the staggering growth of Ponzi schemes, exit scams, and misappropriation of funds crimes, the value of which rose 533 percent year over year….

Bug Allowed Theft of Over $400,000 in Zcoins

An implementation bug has allowed someone to make a profit of more than $400,000 after creating roughly 370,000 units of the Zcoin cryptocurrency, users were told on Friday. Zcoin (XZC), worth approximately $2 per unit, is an implementation of the Zerocoin protocol, which aims to provide fully anonymous currency transactions. Zerocoin has also been used…

Can you get back stolen money?

People truly enjoy the perks of the digital era and tend to shop and pay online or via mobile banking. Research commissioned by Kaspersky Lab confirmed that the majority of users (81%) rely on the Internet in their financial routines, and almost half of them (44%) store financial data on their devices. And yet, only…

This malware attack starts with a fake customer-service call

Hotel and restaurant chains, beware. A notorious cybercriminal gang is tricking businesses into installing malware by calling their customer services representatives and convincing them to open malicious email attachments. The culprits in these hacks, which are designed to steal customers’ credit card numbers, appear to be the Carbanak gang, a group that was blamed last…