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US exchanges offer a rich potential target for hackers

4me Closes Another Funding Round to Further Fuel Growth USA - English Share this article Share this article PALO ALTO, Calif., May 25, 2021 /PRNewswire/ -- 4me®, a SaaS provider of next-generation Enterprise Service Management (ESM) solutions, has secured  $2.3 million in funding from Tornado Capital and Storm Ventures. This investment comes after a very successful year where 4me saw revenue growth of over 50% and closed with a small profit. The additional funding will be used to grow all business areas from development and support to customer success, sales and marketing, primarily in th...

'); //]]>//--> By John P. Mello Jr. May 19, 2021 4:00 AM PT Claims of losses from cryptocurrency scams skyrocketed from October 2020 to March 2021, according to a report released Monday by the Federal Trade Commission. In its Consumer Protection Data Spotlight newsletter, the FTC revealed that during the October to March period nearly 7,000 consumers reported losing US$80 million. That compares to only 570 cryptocurrency scam reports amounting to $7.5 million in losses from October 2019 to March 2020. The median loss reported was about $1,900, a nearly 1,000 percent increase over the same per...

Cybercrime Forum Bans Ransomware Activity Phil Muncaster UK / EMEA News Reporter , Infosecurity Magazine A popular cybercrime forum claims to have banned all ransomware activity due to ideological differences and concerns over the amount of publicity that high-profile incidents are generating. Russian language forum XSS has contributed to the success of Ransomware as a Service (RaaS) groups like Netfilim, REvil, DarkSide and Babuk, by providing a platform to recruit new affiliates, according to Flashpoint. However, an administrator post late last week claimed t...

The criminal forum washed its hands of ransomware after DarkSide's pipeline attack & alleged shutdown: A "loss of servers" that didn't stop another attack.