True crime tales from the world of crypto hacks and ransomware (podcast)

In in the present day’s episode of the Brains Byte Again podcast, we’ll check out three separate cybercrime tales, assaults, and occasions, instructed by three totally different cybercrime and crypto specialists. 

We’ve got seen many financial institution heists and robberies portrayed in films and TV reveals, and they’re usually excessive octane, adrenaline-fueled, and thrilling.

However instances have modified, and now not are probably the most refined and profitable heists carried out by a crew of closely armed robbers. As an alternative, it’s cybercriminals behind pc screens that stand to take advantage of cash. 

This was confirmed by The Bangladesh Financial institution Heist that came about in 2016, when unidentified hackers tried to steal $951 million from the Bangladesh Central Financial institution in Dhaka.

Although plenty of this cash was recovered, the thieves nonetheless managed to get away with $81 million, and the try is taken into account one of many largest financial institution heists of all time.

First on the podcast, we’ll hear Pamela Clegg, Director of Monetary Investigations and Training for CipherTrace, an intelligence firm working to eradicate monetary crimes and supply prevention methods within the cryptocurrency and blockchain areas. Clegg shares a narrative of how CipherTrace teamed up with McAfee to deal with NetWalker ransomware, a ransomware that has change into a franchise throughout the cybercrime underworld. 

Hearken to this podcast on SpotifyAnchorApple PodcastsBreakerGoogle PodcastsStitcherOvercastPay attention NotesPodBean, and Radio Public.

Secondly, we’re joined by Ondrej Krehel, CEO and founding father of digital forensics agency LIFARS, who has labored with the FBI, DHS, Interpol, and lots of different authorities organizations on cyber protection and risk searching. Krehel joins us to debate his work with NiceHash, a crypto-mining market, which got here to LIFARS for assist in response to a $67M crypto hack perpetrated by the North Korean army.

And at last, we’re joined by Rytis Bieliauskas, CTO of cryptocurrency fee platform Coingate, to debate how a DEA agent and a Secret Service agent stole Bitcoins from the Silk Street proprietor and obtained caught due to Bitcoin’s traceability.

‘Ransomware is shortly turning into a nationwide emergency’ amid pandemic: CISA appearing director testifies

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