Beware Of Cyber Criminals Demanding Payments In Bitcoin

Cyber-crime syndicates have resorted to transactions using crypto currency or Bitcoin money to avoid detection by the authorities.

Bitcoin transactions would not leave money trail that could point to their destinations, compared to cash transactions where the amount could be recovered later.

The syndicates would send random emails to individuals and blackmail them by threatening to murder, leak personal information, expose extra marital affairs, report offences related to browsing pornography websites to the authorities, among others.

The modus operandi has put the Federal Police Commercial Crime Investigation Department on alert.

It has recently reached out to the public and reminded netizens of such syndicates through a post on one of its Facebook pages, Cyber Crime Alert Royal Malaysia Police.

According to the FB page, the suspects were able to obtain victims’ email addresses, done randomly, through spoofing before sending threats to them.

“In the email, the suspects would instruct the victims to transfer certain amount to Bitcoin Wallet Address given or risk having their secrets exposed on the Internet.

“Fearing this, the victims would transfer digital money to the account,” it said in an FB status.

It is learnt that the syndicate, known as cryptoblackmail, had the same motive as with the other cyber-crime syndicates, which was to dupe victims by driving them to a state of panic and guilty.

The only difference is that the syndicate would ask victims to pay in crypto currency, where the destination of the money would go untraceable once a transaction is made.

It is more difficult for authorities to track down the Bitcoin Wallet Address owners.

It is a different story for online banking as the authorities are able to trace account owners who have received the money.

New Straits Times:

You Might Also Read:

Blackmail Emails Demand Bitcoin Payment

« The US Is Buying Phone Hacking Tools For Ghana’s Police
Dark Web Dealers Voluntarily Ban Deadly Fentanyl »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

BackupVault

BackupVault

BackupVault is a leading provider of automatic cloud backup and critical data protection against ransomware, insider attacks and hackers for businesses and organisations worldwide.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

Resecurity

Resecurity

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

Alvacomm

Alvacomm

Alvacomm offers holistic VIP cybersecurity services, providing comprehensive protection against cyber threats. Our solutions include risk assessment, threat detection, incident response.

CybelAngel

CybelAngel

CybelAngel is a leading digital risk protection platform that detects and resolves external threats before these wreak havoc.

NATO Communications and Information Agency (NCIA)

NATO Communications and Information Agency (NCIA)

The NCIA Cyber Security Service Line is responsible for planning and executing all life cycle management activities for cyber security.

e2e-assure

e2e-assure

e2e Protective Monitoring and Security Operations Centre (SOC) Service is a complete cyber defence service to protect your critical assets from cyber attacks and GDPR breaches.

RiskCentric

RiskCentric

RiskCentric is a consultancy specializing in risk management and compliance.

VADO Security Technologies

VADO Security Technologies

VADO Security enables the safe transfer of data between low & high security networks.

Awake Security

Awake Security

Awake Security offer a security solution built on an AI platform that acts like the human brain to sense, detect, and respond to threats you may not even know exist.

Crashtest Security

Crashtest Security

Crashtest Security is a cyber security company that helps digital companies to continuously create secure software with the help of automated vulnerability assessments.

Barbara IoT

Barbara IoT

Barbara is an industrial device platform specifically designed for IoT deployments.

689cloud

689cloud

689Cloud is a cloud content collaboration platform that allows users to protect, track, and control files AFTER they have been shared.

ScienceSoft

ScienceSoft

ScienceSoft is a provider of software development and IT consulting services including Information Security.

CENSUS

CENSUS

CENSUS is a Cybersecurity services provider offering services to multiple industries worldwide such as Security Testing, Code Auditing, Secure SDLC, Vulnerability Research and Consulting Services.

TryHackMe

TryHackMe

TryHackMe is an online platform that teaches cyber security through short, gamified real-world labs. We have content for both complete beginners and seasoned hackers.

CerraCap Ventures

CerraCap Ventures

CerraCap Ventures invest globally into early-stage B2B companies in Healthcare, Enterprise AI and Cyber Security.

Lockheed Martin

Lockheed Martin

Lockheed Martin deliver full-spectrum cyber capabilities and cyber resilient systems to defense, intelligence community and global security customers.

ProArch

ProArch

ProArch is a global team of multidisciplinary experts in cloud, infrastructure, data analytics, cybersecurity, compliance, and software development.

Solcon Capital

Solcon Capital

Solcon Capital is a forward-looking, technology-focused investment firm that is committed to identifying and investing in the most promising areas of innovation and development in the tech industry.