Tag Archives: million

EXCLUSIVE: Russian ‘hacking genius’ accused of $530 million ‘dark web’ fraud against Americans posed with tigers …

A Russian ‘hacking genius’ accused of helping defraud $530 million out of Americans, enjoyed hiding out in Thailand and posing with exotic snakes, crocodiles and tigers before his arrest, DailyMail.com can exclusively reveal.

Sergey Medvedev, 31, was arrested in Bangkok on February 2 by local authorities on an United States extradition demand.

The hacking supremo is at the heart of $530 million suspected scam, where he allegedly ran a ‘one-stop shop for cyber-criminals’, including selling hardware to compromise cash machines in many countries.

Medvedev is seen in photos with his Thai wife holding a python, and in another, poses with his pet Mexican Black King Snake, which he feeds live mice.

The snake-lover also flaunted his toned body and described himself as a ‘strongman wannabe’, as the Russian showed all the signs of enjoying his luxury tropical lifestyle.

Sergey Medvedev,<p data-recalc-dims=Read more at: http://www.dailymail.co.uk/news/article-5382427/Russian-hacker-played-exotic-animals-Thailand.html

International Cyber Crime Ring Taken Down By Feds After More Than $530 Million Stolen

Earlier this week, news broke that residents of Britain, the United States, and several other countries, are among 36 defendants charged for their alleged involvement in a cyber crime operation responsible for more than $530 million (€433 million) of losses to consumers, businesses, and financial institutions.

According to a statement, the US Justice Department said the cyber crime ring was one of the largest it had ever prosecuted, and had targeted millions of people around the world. Operating under the slogan “In Fraud We Trust,” members of the Infraud Organization used an online forum to purchase and sell stolen identities, credit cards, and financial information. Ryan Wilk, Vice President at NuData Security Inc., a Mastercard Company commented below.

Ryan Wilk, Vice President at NuData Security Inc.:

“Cyber crime is as well organised, well-resourced, and technologically advanced as many other industries. Infraud Organization proves

Read more at: http://www.informationsecuritybuzz.com/expert-comments/international-cyber-crime-ring-taken-feds-530-million-stolen/

Blockchain venture Ethereum Capital Inc. looks to raise $50 million

TORONTO – Ethereum Capital Inc., which has the backing of pension heavyweight OMERS, is looking to build momentum for its blockchain-based enterprises as it seeks to raise $50 million.

The company wants to raise the cash as it looks to list on the TSX Venture Exchange through a reverse takeover of Movit Media Corp.

Ethereum Capital says it wants to become the central business and investment hub for the Ethereum ecosystem, which underpins a wide variety of blockchain-based start-ups.

The company says it plans to both acquire ether, a type of crypto-asset that helps run the Ethereum platform, and controlling stakes in Ethereum-based businesses.

The Ethereum network allows the creation of decentralized, complex and customizable binding contracts, while ether is the currency used to pay for the computing resources to run programs on the network.

Ethereum Capital’s board of directors includes leadership from OMERS, Purpose Investments, Citizen Hex and L4 Ventures.

Companies in this story: (TSXV:MV.H)

Read more at: http://www.570news.com/2018/01/29/blockchain-venture-ethereum-capital-inc-looks-to-raise-50-million/

Japanese crypto exchange Coincheck to refund $526 million after cyber heist

One of Japan’s most influential cryptocurrency exchanges has pledged to repay its customers 523 million XEM ($526 million) after hackers broke into the digital wallets of thousands of users.

Coincheck outlined on its blog the reparations policy it had put in place to repay approximately 260,000 users who lost millions in the cryptocurrency “NEM”.

NEM – or New Economy Movement – trades under the acronym “XEM” and uses blockchain technology to give smaller developers a platform upon which to create individual blockchain solutions for their business.

(Koichiro Wada (L), president of cryptocurrency exchange Coincheck, and Yusuke Otsuka, the company’s chief operating officer, bow in apology at a press conference in Tokyo on Jan. 26, 2018, after around 58 billion yen ($534 million) of the NEM cryptocurrency disappeared due to hacking. (Kyodo))

READ MORE: Commonwealth bank to repay customers $1.9 million over faulty advice

READ MORE: CBA boss Ian Narev to

Read more at: https://finance.nine.com.au/2018/01/29/11/39/japanese-crypto-exchange-to-refund-526-million-after-cyber-heist

US Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5400 BTC

US Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5,400 BTCUS Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5,400 BTC

Two Jacksonville students are facing up to two decades behind bars after pleading guilty to stealing $4 million worth of bitcoin. The pair hacked darknet site Sheep Marketplace in 2013 and made off with 5,400 BTC. Under forfeiture laws, Nassau County Sheriff’s Office will share in a $1.7 million windfall.

Also read: Read more at: https://news.bitcoin.com/us-sheriffs-welcome-1-7-million-windfall-students-plead-guilty-stealing-5400-btc/

US Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5400 BTC

US Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5,400 BTCUS Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5,400 BTC

Two Jacksonville students are facing up to two decades behind bars after pleading guilty to stealing $4 million worth of bitcoin. The pair hacked darknet site Sheep Marketplace in 2013 and made off with 5,400 BTC. Under forfeiture laws, Nassau County Sheriff’s Office will share in a $1.7 million windfall.

Also read: Read more at: https://news.bitcoin.com/us-sheriffs-welcome-1-7-million-windfall-students-plead-guilty-stealing-5400-btc/

Necurs rides 12 million email campaign move up Most Wanted Malware list

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The use of the Necurs botnet to spread Scarab ransomware over the US Thanksgiving holiday helped propel Necurs up several places on Check Point’s Ten Most Wanted Malware list for November.







Necurs pushed out a total of 12 million malicious emails in one morning in late November Check Point reported helping move it from tenth to eight place for the month. The botnet’s use as a distributor for Locky and Globemaster helped it stay relevant, but the fact that Necurs managed to regain some strength as a favored botnet was no surprise to Check Point researchers.

“The re-emergence of the Necurs botnet highlights how malware that may seem to be fading away, doesn’t always disappear or become any less of a threat. Despite Necurs being well known to the security community, hackers are still enjoying lots of success distributing malware with this highly effective infection

Read more at: https://www.scmagazineuk.com/necurs-rides-12-million-email-campaign-move-up-most-wanted-malware-list/article/719156/