Ransomware creators arrested in Romania

Five people, alleged in creating of CTB-Locker and Cerber ransomware were arrested by Europol
22 December 2017   271

In Bucharest, five gang members suspected of creating CTB-Locker and Cerber ransomware and organizing the largest computer attacks in the United States and Europe were arrested. For the unlocking of operating systems, hackers extorted crypto currency from their victims. This is reported by the Forbes.

As the publication notes, CTB-Locker was one of the first ransomware controlled through Tor's anonymous network, which allowed attackers to sweep up traces. According to the developer of the anti-virus software McAfee, in 2016 this ransomware became the most popular.

Cybercrime is an area of crime like no other, where it is perceived as low risk, and high returns, which contributes greatly to its growth. Today a clear message has been sent that not only addresses this misconception, but emphasizes the value in public-private partnerships.
 

Raj Samani

CTO, McAfee

In addition, two arrested members of the gang were implicated in the spread of the Cerber virus, the main victims of which were Americans. This year Google called Cerber the most profitable virus for its owners, because by July 2017 they earned $ 6.9 million with it.

During the searches, police seized equipment for mining, laptops and hundreds of SIM-cards. The identity of the detainees has not yet been disclosed.

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   103

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission