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U.S. puts $3 million reward for Russian cyber criminal
Washington (CNN)The FBI and State Department announced Tuesday a reward of up to $3 million for information that could help them arrest a Russian alleged notorious cyber criminal. Evgeniy Mikhailovich Bogachev is under indictment for administering various versions of hacking software including Game Over Zeus. He is believed to be in Russia. Game Over Zeus has infected more than 1 million computers and cost victims over $100 million. In June, federal prosecutors announced charges against Bogachev, who they say led a gang of cyber criminals in Russia and Ukraine that was running Gameover Zeus. The Gameover Zeus botnet, a network of virus-infected computers, targeted thousands of small businesses. And Cryptolocker, a software that encrypts files on computers, was used to extract ransom payments from computer owners who wanted access to their files. Since emerging in 2013, Cryptolocker has been used to attack about 200,000 computers, half of which were in the U.S. In its first two months, criminals extorted an estimated $27 million from victims, Deputy Attorney General James Cole said in June.
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September 17th Daily News Update
http://moneyandtech.com/September-17-news-update/ Prominent Bitcoin evangelist Roger Ver has had his fair share of hacking attacks. He lost thousands of bitcoins when a hacker attacked Bitcoinica back in 2012. Then in May, someone hacked his old Hotmail account to steal sensitive information. And just recently, he believes the same hacker gained access to the email of bitcoin's creator, the mysterious, Satoshi Nakamoto. Well now Ver has answered back in a big way, launching his new venture BitcoinBountyHunter.com. As he declares in his Youtube announcement video, “BitcoinBountyHunter.com represents the first step into a new era for law enforcement and the protection of individual rights... for the first time ever, anyone across the globe can privately contribute funds to individual bounties that will directly motivate law enforcement agencies to arrest perpetrators of crimes that people actually care about." The site currently lists a 2 bitcoin bounty for the hackers of Mt Gox and Bitcoinica, and a 37 bitcoin bounty for the hacker of Ver and Nakamoto's accounts. A massive hack attack which began in June has continued to hit a string of Australian computers. The hackers are using software known as "Ransomware" that encrypts the files on a user's computer and then demands bitcoin ransom in order to unlock the system. According to authorities, several victims, one being a U.S.-based police department, have already paid the ransom in order to regain access to their computer files. The FBI claims that the Russian hacker Evgeniy Mikhailovich Bogachev is responsible for leading the Ransomware attack, and has already managed to accumulate over 100 million U.S. dollars. The best solution being offered is to not pay the ransom, and make sure all of one's important files are appropriately backed up and self-encrypted. New York-based professional services company Digital Currency Council opened its doors on Tuesday with the goal of providing training, support and accreditation on the subject of digital currency - a result of CEO and founder David Berger's 18 months working with high-net-worth investors and family offices. Topics covered in the organization's curriculum will include characteristics of major digital currencies and secure storage options for consumers. Berger sees a true need for this service, stating "We believe professionals should be held to a higher standard than the average person, because they're advising others for a fee. If you or I want to make an investment in bitcoin, that's our prerogative. But if someone is going to advise us on it, we're putting our faith in them, so we're going to be held to a higher standard." The Republican Party of Louisiana has become the first state Republican party to accept contributions in bitcoin. This follows the Federal Election Commision's decision to allow Bitcoin as a form of in-kind donation back in May. The LAGOP has integrated with leading payments processor BitPay to handle the donations. LAGOP executive director Jason Doré says he doesn't expect them to be the last state party to warm up to bitcoin, explaining “I think the rise of bitcoin’s popularity and use is forcing many public officials to learn about it... If the bitcoin community embraces the use of bitcoin to support and oppose political campaigns, the role of bitcoin will only grow.” Of course, while it is always nice to hear about Bitcoin adoption, and more people accepting and learning about the digital currency, the LAGOP does still openly denounce gay marriage, socialized health care, and free education - But ya know, Bitcoin. Nigeria-based web and mobile wallet services company SimplePay is allowing users to fund their wallets from their bitcoin accounts. Breakout Gaming, a budding leader in cryptocurrency technology and game development, has announced the launch of Breakout Coin (BRO). Toted as “the world’s first cryptocurrency that has a dedicated ecosystem for its coins,” by core-partner and two-time back-to-back World Series of Poker champion Johnny Chan “We felt there was an untouched niche for digital currency enthusiasts to play digital games such as Poker, Blackjack, and Fantasy Sports, all while investing in the long-term opportunity of Breakout being the next go-to gaming destination.” http://moneyandtech.com/September-17-news-update/
Views: 179 Money & Tech