Financial Crimes Enforcement Network (FinCEN), the US government agency, has issued a notice on cybercrime occurring during COVID-19. On July 30, FinCEN stated: “Many illicit actors are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic.” The agency added: “This advisory contains descriptions of COVID-19-related malicious cyber activity and scams, associated financial red flag indicators, and information on reporting suspicious activity.” It ha

In a shocking case, two 17-year-old Italian teenagers got arrested for paying Bitcoin (BTC) to watch children sexually abused and murdered in a live stream on the dark web. On July 15 Italian news outlet Il Messaggero reported that the site showcasing the nefarious crime also allowed users to pay extra to decide what kind of torture should the children be next subjected to. Le "stanze degli orrori" sul deep web: 17enni pagavano per vedere bimbi uccisi in diretta https://t.co/

Ziglu, the UK-based cryptocurrency banking platform, has launched an insurance program for digital assets held with the service, as each customer’s cryptocurrency holdings are insured against cybercrime to a value of £50,000 ($63,000). On July 15, it has been reported that customer assets are held in segregated accounts, with the vast majority stored in offline cold wallets. However, these additional measures decrease the risk of theft through hacking or other means. As it ha

The U.S. Secret Service announced the creation of the Cyber Fraud Task Force on July 10 to combat cybercrimes related to the financial sector. Cyber Fraud Task Force or CFTF is created by merging its Electronic Crimes Task Forces and Financial Crimes Task Forces into a single network. New post: U.S. Secret Service Announces the Creation of Cyber Fraud Task Force https://t.co/EHnlxIfnPA — Digitpol (@digitpol_cyber) July 14, 2020 According to its official announcement, Secret