Tag: cyber-crime

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Ronin Network bailed out – FOLLOW UP

Last month we covered the $625m theft from Ronin, using a web3/smart contract, exploit against the decentralised finance service (DeFi). Now the company (and it’s clients) have been bailed out by cash investment by cryptocurrency giant Binance. Ronin Network bailed out by crypto giant Binance after hack – BBC News

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The blockchain is not the end of the security process – UPDATED

This post was originally made on 30 March 2022 web3 (with a lowercase “w” of course) and its use of blockchain for better cybersecurity seems like a good idea. However here is another “profitable” cyber-attack on the technology – exploiting the processes to get into the secure systems. Ethereum sidechain …

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The Conti gang is still operating – even though they suffered a data breach and this could be a threat to your business

So you do not think this is of concern to you – this gang has run some of the most effective cyber criminal campaigns in the last few years – and they have openly come out in support of Russia’s invasion of Ukraine – and have threatened reprisals against groups …

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How much do cyber criminals make? (Part 2). Lapsus$ leader arrested in Oxford.

$14m according to the City of London Police. The City of London Police are investigating a teenager, who is accused of being a leader in the notorious Lapsus$ cyber crime gang – they refuse to confirm or deny that they have arrested him. Lapsus$: Oxford teen accused of being multi-millionaire …

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