All posts tagged "ransomware"
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272AML / KYCOFAC Issues Sanctions Guidance for Crypto Sector
OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.
October 18, 2021 -
201AML / KYCUS DOJ Creates National Cryptocurrency Enforcement Team
The NCET will cooperate with international law enforcement agencies as well as private sector actors to target the criminal misuse of cryptocurrency.
October 8, 2021 -
275FeatureSingapore Launches New Cybersecurity Strategy
The strategy is underpinned by two foundational enablers: the development of a more vibrant cybersecurity ecosystem, and a more robust cyber workforce.
October 7, 2021 -
210AML / KYCUS to Gather 30 Countries to Coordinate Ransomware Response
The Counter-Ransomware Initiative is aimed at improving law enforcement collaboration and stemming the illicit use of cryptocurrency.
October 6, 2021 -
273FeatureSFC Issues New Guidance on Remote Working Risks
The SFC describes incidents that occurred due to failures to split teams amid the pandemic, set up phone recording, and promptly isolate a server compromised by ransomware.
October 5, 2021 -
252InternationalFIs Increasingly Sharing Data to Prevent, Mitigate Cyberattacks
Global cyber intelligence sharing among financial institutions increased 60 percent in the past year, driven by supply chain and ransomware threats.
September 28, 2021 -
243AML / KYC
US Sanctions Crypto Firm Over Ransomware Payments
OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.
September 22, 2021 -
292InternationalBCBS Calls on Banking Sector to Enhance Cyber Defences
Remote work arrangements and digital financial services have "enlarged banks' attack surfaces", creating opportunities for malicious actors, the BCBS said.
September 21, 2021 -
227AML / KYCDarkweb Blockchain Analytics Tool Gets Shut Down
A service that was being used by criminals to check whether their own bitcoin wallets were linked to criminal activity has been shut down.
August 19, 2021 -
258AML / KYCDeFi Accounts for Majority of Crypto Hacks, Frauds in 2021
In H1 2021, DeFi accounted for 76% of major crypto hack volume and 54% of major crypto fraud volume, according to CipherTrace.
August 12, 2021
