Will new EU crypto rules change how ransomware is played?

Credit to Author: Evan Schuman| Date: Wed, 20 Jul 2022 05:55:00 -0700

Cryptocurrency has always been the payment method of choice for bad guys. Get hit with an enterprise ransomware attack and plan to pay? You’ll need crypto. The key reason cyberthieves love cryptocurrency so much is that it is far harder to trace payments. 

That is why a move being attempted by the European Union has so much potential. The EU — in a move that will likely be mimicked by many other regional regulatory forces, including in the United States — is putting in place tracking requirements for all cryptocurrency. 

If it is successful, and the EU has an excellent track record on precisely these kinds of changes, cryptocurrency may quickly fade as the thief’s payment of choice.

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Are banks quietly refusing reimbursements to fraud victims?

Credit to Author: Evan Schuman| Date: Tue, 05 Jul 2022 03:00:00 -0700

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You down with P2P? 10 tips to secure your mobile payment app

Credit to Author: Jovi Umawing| Date: Fri, 30 Mar 2018 16:00:00 +0000

Peer-to-peer (P2P) mobile transactions are on the rise, thanks to a number of mobile payment apps available on the market. In this post, we’ll look at the security risks of using P2P payment apps and what users can do to protect themselves.



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The post You down with P2P? 10 tips to secure your mobile payment app appeared first on Malwarebytes Labs.

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