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Valencia Police Catch a Darknet Child Pornography Downloader

Agents of the National Police Force (Cuerpo Nacional de Policía) arrested a 34-year-old suspected of owning child pornography in Valencia, Spain. By currently unknown and undocumented means, officers located a computer filled with child pornography. According to the Provincial Police of Valencia, the National Police Force made the taskforce aware “of computer files of sexual content in a computer tower.” ... Read More »

Irish Firms Hit With $22 Million in Cyber Frauds, None Involving Bitcoin

Major public corporations and government agencies in Ireland were hit by US$23 million cyber frauds in the past year. Over 20 cyber attacks are being investigated by the Garda National Economic Crime Bureau (GNECB), but interestingly, there are no reported cases of bitcoin involvement. Over the past two years, various law enforcement agencies and governments including Interpol and the government ... Read More »

Countries in Africa Started Internet Blackouts After Encrypted Messenger Use Increased

In December 2016, we reported several social network blackouts in Turkey. And not just social networks; the Turkish government blocked Tor and VPN use permanently. The social media blackout lasted only 12-hours, but the Tor ban is here to stay. Quartz Africa reported something similar; government-caused internet blackouts became the norm—not the one-off exception. The blackouts often landed during critical ... Read More »

Officers In Bengaluru Report 100% Increase in Drug Crimes From 2015

In Bengaluru, India, police officers reported a 100 percent increase in the number of narcotic-related arrests during 2016, compared to the arrest numbers from 2015. In 2016, officers arrested 289 individuals, both buyers and sellers. In stark contrast, officers only busted 141 people in 2015. The type of drug remained the same—from marijuana to LSD. Police attributed the increase to ... Read More »

Parts of Germany See Decline in Counterfeit Use

Counterfeit euros, according to law enforcement worldwide—but especially in Germany—circulated more rapidly than ever before. The notes became readily accessible to the public because of the increased usage of darknet marketplaces and other similar shops. Many reports from law enforcement agencies throughout Germany announced seemingly contradictory data regarding counterfeit euros. The German Federal Police Office announced that counterfeit bills circulated ... Read More »

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Bitcoin Price Analysis For January 8th, 2017

Bitcoin price continued rising during the past week to score a high of around $1139.89 on bitstamp last Wednesday. Just after the week’s high was recorded, a downwards price correction wave pulled price down to a low of $812, before rising again to $903 at the time of writing of this article. So, the bullish wave, that has been fueling ... Read More »

Security Researchers Found a “One-Stop-Shop” for Hacking Tools on Command and Control Server

Security researchers from Kaspersky Lab’s Secure List described the accidental discovery of a “one-stop-shop” for hacking tools. The Kaspersky Lab team intercepted traffic from machines infected with the Hawkeye RAT and “stumbled upon an interesting domain.” They found a command and control server that saved the keylog data provided by the HawEye RAT. The server additionally sold hacking software, tools, ... Read More »

Payments Firm Executive: Wire Transfer is Preferred Method For Cyber Criminals

Law enforcement agencies across the world including the European Union (EU) and Interpol have emphasized the necessity of bitcoin regulations due to rise of darknet sales & drug trades. However, B2B payments firm Bottomline Technologies vice president of product strategy, cyber fraud and risk management Mike Vigue stated in an interview that direct transactions and bank wire transfers are the ... Read More »

LKA Warns Of “Invoice Fraud” Emails That Deploy Ransomware When Opened

The State Criminal Police Office or Landeskriminalamt (LKA) in Rhineland-Palatinate issued a state-wide warning regarding fraudulent emails. They covered several types of email fraud in the announcement, including ransomware from the darknet and the classic email phishing schemes. The announcement also served as a guide on detecting these emails—the LKA warned that they often appear to come from someone unexpected ... Read More »

Ross Ulbricht Legal Defense Fund Hacked

On December 4th, 2016 Lyn Ulbricht, the mother of Ross Ulbricht, the man convicted of running the Silk Road, helped host the Free-Ross-A-Thon, a fundraiser for Ross’ legal defense fund. Ross Ulbricht is currently appealing the life sentence that was handed down by a federal court. The cost of producing the appeal documents in Ross’ case alone cost $14,000, and ... Read More »

Bitcoin news roundup January 8, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitstamp has raised over $1.8 million in ongoing funding campaign Luxembourg-based bitcoin exchange Bitstamp has an ongoing funding campaign on the BnKToTheFuture platform, where it has already raised over €1.7 million ($1.8 million), out of a planned $1.2 million and the campaign isn’t over yet, as it will last ... Read More »

Darknet Drug Purchases Increase by 2.2%, Global Studies Suggest

Two major global drug studies from Global Drug Survey and the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) emphasized the impact of the darknet on the rising global drug usages. EMCDDA specifically noted the rise of cryptomarkets such as AlphaBay, that accept anonymous cryptocurrencies including Monero to facilitate transactions. Bitcoin, the best performing currency and asset of 2016 ... Read More »

Delhi Police Fall Behind Cybercriminals and Begin Relying on Outsiders for Help

Between 2015 and 2016, Delhi Police recorded roughly 800 and 700 cybercrime cases, respectively. According to Indian media outlets, only 50 percent of the documented cases resulted in arrests. This year, almost 300 cases remain unsolved by the authorities. The unsolved cases are still under investigation, The Tribune reported on December 24. While police recorded fewer cybercrime cases in 2016, ... Read More »

Department of Defense Employee Sentenced for Selling Stolen Government Items on Ebay

In late December, the US Attorney’s Office for the Eastern District of Virginia announced the sentencing of a former Department of Defense employee. Roy E. Friend, a 52-year-old from Newport News, Virginia, pleaded guilty to one count of conspiracy to commit wire or mail fraud. According to court documents, Friend used his Department of Defense (DoD) credentials to defraud the ... Read More »

Members of Major Cannabinoid Distribution Ring Sign Guilty Plea Deal

In Jefferson City, Missouri, four co-conspirators pleaded guilty to their roles in a large-scale synthetic cannabinoid trafficking ring. The four individuals, according to the indictment, trafficked $6.6-million of synthetic cannabinoids. In addition to the drug trafficking charges, the defendants also faced money laundering and mail fraud charges. Despite a 14-count indictment packed with incriminating information, the prosecution dropped every drug-related ... Read More »