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Tag Archives: 40

Almost 40% of Consumers Pay Ransomware Fees

A new study by Trustlook, a cyber information and security firm, revealed that not only are hospitals and larger organizations hit by ransomware, but individual consumers are too. The number of ransomware attacks in general increased but the number of consumers that paid for the return of their data increased also. Consumers proved far less safe than a company’s cybersecurity ... Read More »

Belgian Amphetamine Vendor Sentenced to Forfeit 946 Bitcoins and Spend 40 Months in Prison

A Belgian court judge, last year, formally charged a 25-year-old computer programmer for running a million-dollar darknet operation from his family home. The 25-year-old—Stijn Victor, from Torhout, Belgium—ran a smooth network until a few simple mistakes caused his downfall. Shortly thereafter, hearings proceeded; the prosecution pushed for five years in prison, and the defense pushed for 300 hours of community ... Read More »

French Bitcoin Startup: Blockchain Will Help 40% of the Unbanked

At the annual Trustech conference, an event participated by leading payment, identity and security experts, France-based bitcoin blockchain data startup Rennes CEO Gilles Cadignan emphasized the ability of bitcoin to target a vast majority of the global unbanked population. As bitcoin experts and investors like former blockchain product lead Keonne Rodriguez note, bitcoin enables previously impossible payments with unprecedented security ... Read More »

6 Nigerian Sentenced in $40 million fraud scheme

Seven members of $40 million international fraud conspiracy, which included everything from romance scams, to check fraud, to secret shopper schemes, to personal assistant work-from-home schemes, were sentenced last week in Gulfport, Miss. According to U.S. Immigration and Customs Enforcement, some of the seven defendants were originally romance scammers who later became involved in counterfeit check fraud. The victims of ... Read More »