financial news
Texas man gets 5 years for stealing 38,000 PayPal account credentials
DOJ said Marcos Ponce will spend five years in prison and pay back $1.4 million in stolen money.
Cryptocurrency regulators are scrambling to catch up with hackers who are swiping billions
But who's in charge has become a game of hot potato.
FBI warns agricultural sector of heightened risk of ransomware attacks
The agricultural sector has been hit by a rising number of costly ransomware incidents.
In a first, Treasury Department sanctions major cryptocurrency mining firm
Treasury: "By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources."
North Korea aims 'TraderTraitor' malware at cryptocurrency workers
The Cybersecurity and Infrastructure Security Agency is attributing the campaign to hackers known as the Lazarus Group.
Treasury updates Lazarus Group sanctions with digital currency address linked to Ronin Bridge hack
The address received $600 million in Ethereum and other digital currency during the March attack, crypto-tracking company Chainalysis said.
A practical reason why crypto might not work for large-scale sanctions evasion
According to crypto-tracking company Chainalysis, the markets probably couldn't handle it without prices tanking.
FIN7 hacker sentenced to five years
Denys Iarmak, a Ukrainian national, was involved with the Russia-linked hacking group between November 2016 and November 2018.
Hydra market's servers, $25M in bitcoin seized by German police in dark web sting
Narcotics trafficking and money laundering were the main business for Hydra, which researchers say was the largest dark-web market.
Notorious hacking group FIN7 adds ransomware to its repertoire
Ransomware strains such as Maze, Ryuk and BlackCat have increasingly been part of FIN7's playbook in recent years, Mandiant says.
