In a landmark case that highlights the intricate nature and high stakes of cybercrime in the digital currency era, Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex exchange heist, received a five-year prison sentence from a United States court. The 35-year-old orchestrated an elaborate
With the rise of remote work, the latest technologies, and the increased difficulty of meeting employees face-to-face, there has been an unprecedented opportunity for job applicants to conceal their true identities and commit employment fraud. This scenario presents a significant challenge for
In recent months, the rapid increase in crypto scams has raised alarms within the blockchain community, signaling a troubling trend despite notable advancements in security measures. Blockchain security firm CertiK’s latest report has highlighted the alarming rise in phishing attacks and private
As the world geared up for the grand spectacle of the Paris Olympics, another unseen battle was unfolding behind the scenes—a battle against cyberattacks. The games, spanning from July 26 to August 11, placed the French government and its cybersecurity agency, Anssi, on high alert. Their mission
Interpol's comprehensive effort to combat cybercrime originating from West Africa, dubbed "Operation Jackal III," was a meticulously orchestrated initiative aimed at dismantling organized crime groups engaged in online financial fraud. Conducted over a significant three-month period, this extensive
Singapore, known as a global financial hub, is facing significant challenges in combating money laundering and cryptocurrency fraud. Recent incidents have exposed vulnerabilities in the nation’s financial systems, prompting rigorous measures and international cooperation to strengthen its defenses
