Browsing Tag

cybercrime

5G And The New Era Of Fraud And Gaming

John Wanguba Dec 31, 2020

5G is a revolutionary technology that many believe will solve some of the previous challenging clouding the internet. In a world where speedily-evolving technology is creating many new attack avenues for exploitation by cybercriminals,…

Crypto Scams

Crypto Scams On The Rise As Market Enters Bull Cycle

John Wanguba Dec 22, 2020

Crypto scams are seemingly on the rise as the entire crypto space enters a bull cycle. Many proponents think the bull cycle will enable cryptos to break into the mainstream market. Bitcoin exploded above the psychological $20,000 zone and…

FireEye Cybersecurity Firm Hacked In A Possible State-Sponsored Attack

John Wanguba Dec 10, 2020

FireEye ranks among the biggest cybersecurity firms in the US. On December 8, the firm announced that it had been hacked, possibly by a state-sponsored group. It also said that the arsenal of hacking tools used to breach the defenses of its…

Bitcoin News

Opinion Ed:The Surge of Bitcoin after the Financial Crisis & New Challenges to Cybersecurity

E-Crypto News Staff Nov 18, 2020

Bitcoin became a safe haven for investors in the wake of the 2008 financial crisis, after which bitcoin was introduced in January 2009. There were several reasons for this. Like gold, bitcoin is not tied to any other asset. Its value…

Crypto Scams

KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M

John Wanguba Sep 29, 2020

KuCoin, the Singapore-based crypto exchange experienced a ‘security incident’ on September 26. That incident resulted in the loss of more than $150 million worth of different cryptos. The hot wallets of this exchange were targeted and…

Crypto Scams

Elon Musk Appalled By ‘Serious’ Russian Bitcoin Ransomware Attack On Tesla

John Wanguba Sep 4, 2020

Tesla chief Elon Musk is not new to the crypto hackers world. Only last July, his twitter account together with those of many other celebrities were hacked and followers duped into sending bitcoin in a phony giveaway. The chief executive…

Crypto Scams

Hackers Threaten To Produce 300 Ventilators Daily, Experts Say Cybercrime Is Professionalized

John Wanguba Aug 12, 2020

Hackers have stepped up their activities during the COVID-19 crisis as more business shift their services online aiming to remain afloat. On August 6 reports emerged that the DoppelPaymer gang deployed a ransomware attack that targeted…

Cryptocurrency/Blockchain Questions and Answers

Can Bitcoin Be Hacked?

John Wanguba Aug 10, 2020

As more cybercriminals emerge, many people now wonder: Can bitcoin be hacked? Bitcoin was created in a hack-proof design. It is considered hack-proof since the Bitcoin blockchain is continuously reviewed by the whole network. Hence, attacks…

Crypto Scams

Money Laundering In Banks And Cryptocurrencies, Which Is Safer?

John Wanguba Jul 27, 2020

Money laundering is a major challenge that is affecting the entire global economy. Despite the many measures put in place to curb it, criminals find new methods of circumventing these measures and fleecing investors off their money. The…

Bitcoin News

Canadian Bitcoin Scams Increasing As Hackers Use Spear-Phishing Strategy

John Wanguba Jun 26, 2020

The police department in Burnaby has discovered that there is a surge in Bitcoin scams across Vancouver. The Royal Canadian Mounted Police, or RCMP, cover Burnaby which is a district within British Columbia. Law enforcers noted a constant…

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