China intensifies crackdown on cybercrimes involving blockchain and metaverse
Amidst a surge in online fraud and cybercrimes, China’s Supreme People’s Procuratorate (SPP) has escalated its efforts to combat criminal activities facilitated through blockchain technology and metaverse platforms. The move comes as authorities express growing concern over the proliferation of illicit activities within the digital asset landscape, including money laundering and investment scams. Rising cybercrime […]
IBM study warns of AI’s potential in cybercrime
In a recent study conducted by IBM’s Security Intelligence X-Force team, the emerging role of artificial intelligence (AI) in cybercrime has come under scrutiny. The research highlights the growing concern that hackers may soon leverage AI tools, such as ChatGPT, to enhance their malicious campaigns, significantly increasing the sophistication of cyberattacks. The X-Force team’s experiment […]
FBI issues warning on NFT-related cyber scams
The United States Federal Bureau of Investigation (FBI) has sounded the alarm on an escalating cyber threat, cautioning the NFT community against malicious actors. However, these criminals impersonate genuine NFT developers, hijacking or mimicking their social media accounts to defraud victims. This deceitful tactic involves advertising fictitious NFT releases, capitalizing on inducing a sense of […]
China’s cyberattacks pose major threat to the U.S.
As the global digital landscape becomes increasingly complex, one nation’s digital capabilities have emerged as a potent force that could profoundly shape the future of international relations. This nation is China. Their advanced cyber capabilities, particularly in espionage and sabotage, now constitute an era-defining threat, according to leading American cybersecurity experts. The crux of this […]
Renbridge Used by Cybercriminals to Launder $540M by Chain Hopping
No traces or halt—being a blockchain specialty led to another significant transgression by the crypto masterminds. With cryptocurrency on the rise, Cybercriminals target the crypto market by using chain hopping as a technique to transfer or gain assets through blockchain servers. The Newest Crypto Scam Exposed. According to the latest transfer data graph, Elliptic (Blockchain […]
