Tag Archive for: Cash

Hackers Circle as Individual Investors Pour Cash Into Crypto

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Rosa Maguina plowed a big chunk of her savings into cryptocurrency early this year, joining other individual investors trying to strike while bitcoin was hot. The funds vanished after a hacker hijacked her phone number for just two hours.

Ms. Maguina, who runs an events logistics business with her husband in Doral, Fla., said she was about to go to sleep on July 5 when she noticed her phone lost its signal. By the time Ms. Maguina’s service was restored, she said, an unauthorized user had changed her passwords for trading platforms Binance and

Coinbase

and initiated transactions that emptied her accounts of crypto valued at around $80,000 at the time.

“It was like someone coming through the window or backdoor into your house,” Ms. Maguina said. “You feel that there’s nothing you can do.”

Criminals have a history of stealing money from wealthy or well-known crypto investors through SIM swaps, or switching a phone number from one device’s subscriber identity module to another. But the crypto boom among mom-and-pop investors has led hackers to increasingly circle targets like Ms. Maguina, according to cybersecurity experts, lawyers and law-enforcement officials.

The attacks on small investors have sparked legal battles with cellphone carriers, led customers to change plans and pushed some telecom companies to tweak security measures. Law-enforcement agencies are trying to team up across jurisdictions in response to a broadening pool of potential victims. The Federal Communications Commission is honing rules for wireless carriers aimed at limiting SIM-swap fraud, proposing tighter restrictions on how they switch numbers between devices and carriers.

Some wireless companies say federal rules could…

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Noida: Armed thieves break into mobile showroom, flee with 600 new handsets, cash worth Rs 2.5 crore | Noida News

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GREATER NOIDA: Even as cops were busy in security arrangements on the occasion of Diwali, at least three i20-borne armed thieves barged into a mobile showroom in Greater Noida and stole around 600 new phones of different companies kept on the racks and drawers of the showroom along with about Rs 6 lakh cash from inside the cash counter.
The incident happened around 1.30am on Friday when the thieves seated in the i20 arrived at Noor Communication showroom in Saifi market in Greater Noida’s Surajpur area and allegedly cut the six locks and a channel attached to join the shutter.
Possible professionals, the accused allegedly uprooted the DVR of the CCTV set up before escaping from the spot.
At least some of the accused who got down from the i20 and orchestrated the theft have been caught on CCTV cameras installed at some other buildings around the showroom.
In one of the CCTV footages, at least three accused can be seen arriving inside the lane a few meters away from the showroom a few minutes after a police patrolling vehicle leaves the spot.
The accused can be seen speeding over a pothole making the showroom owners suspect that they might be well known to the area.
“They simply arrived there a minute after the police patrol van left. They stopped at some distance and two persons have been caught on camera doing all the movement. One of them was talking on the phone while another could be seen moving around with a bag,” Imran’s younger brother Irfan told TOI.
Irfan said that while the presence of three suspects was clear, they suspect that there could be more than four persons involved in the theft.
“They have taken away around 600 mobiles of Samsung, Redmi, One Plus, Vivo, Techno, Oppo, Redmi, RealMe, Intel, etc. They have even taken out stuff from inside the drawers. It does not seem possible to escape with so much in one vehicle,” he said.
Imran said that the accused opened the cash counter and took out Rs 6 lakh cash which was kept inside the same.
“In all, I have suffered a loss of about Rs 2.5 crore,” he said.
There are as many as eight cameras installed inside and outside the showroom but the accused simply fled with the DVR.
Cops suspect insiders’…

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Ukraine police seize cash, cars, computers in raids on hackers that targeted U.S.

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June 16 (UPI) — Authorities in Ukraine said Wednesday they have arrested several members of a notorious hacking group that’s targeted a number of U.S. institutions with ransomware attacks.

Cyber police announced that they arrested six members of the C10p hacking group and searched a number of homes belonging to members.

During the raids, police seized computers, vehicles and almost $200,000 in cash, officials said.

In the past, C10p has targeted several U.S. universities in California, Florida, Maryland and Colorado, hijacking computer data and holding it for ransom.

A video posted online by Ukrainian police shows some of the raids and includes officers seizing property, including luxury cars and computers.

Authorities said the group is also responsible for at least four corporate cyberattacks in South Korea.

Many of the attacks occurred between 2019 and this year.

Wednesday’s is the first announcement by a major law enforcement agency involving mass arrests of a major hacker group that’s targeted U.S. institutions.

The frequency of ransomware attacks worldwide has increased in recent years and most Western governments now consider them to be a chief national security concern.

A hack involving the U.S. Colonial gasoline pipeline last month disrupted deliveries to the East Coast and temporarily caused gas prices to increase. The Colonial Pipeline is the United States’ largest.

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Square’s Cash App vulnerable to hackers, customers claim: ‘They’re completely ghosting you’

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Without warning, hackers drained every dollar of cash, stock, or bitcoin out of accounts linked to Cash App, Square’s (SQ)’s popular payments platform, six of its customers told Yahoo Finance.

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Cash App functions as a substitute bank for many of its more than 36 million monthly users.

“I had to sell my car seat that I just bought for my baby that I’m going to have in a couple of months, so that I could feed my kids, because I have no money now,” Shania Jensen, 24, a Cash App user from Utah, said about her account shortly after it was drained of nearly $3,000.

Jensen, one of six Cash App customers who recently told Yahoo Finance they were targeted by unauthorized transactions, said when she went to bed on the evening of March 5 her money was in her account, and by 7 a.m. the next day, it was gone. She said she filed a police report, a complaint with the Better Business Bureau (BBB), and reported the matter to Utah’s attorney general.



graphical user interface, text, application: March 7, 2020 Tweet posted by Cash App user Shania Jensen

© Provided by Yahoo! Finance
March 7, 2020 Tweet posted by Cash App user Shania Jensen

Mobile payment platforms such as Cash App, as well as PayPal (PYPL), PayPal’s Venmo, Google Pay, and bank owned Zelle, have seen a rise in downloads during the COVID-19 pandemic, and with the increase, a jump in the number of app reviews mentioning the word “scam” or “fraud” for all except Zelle, according to mobile intelligence firm Apptopia.

Cash App — which accounted for nearly half of Square’s profit in the most recent quarter — stands out for its wide range of available transactions. It accepts direct deposits for paychecks and government stimulus funds, processes peer-to-peer transfers, offers its own branded debit card, and permits users to buy and sell stock and bitcoin (BIT-USD) within the app (as of March 17, it lets users send bitcoin to other Cash App users for free).

The six Cash App customers said repeated efforts to talk directly with a human being at the company to help them get their money back were largely unsuccessful, exhausting, and stressful. Cash App acknowledges that it has no live phone support “generally available,” but says it views fighting fraud as critically important and has invested in…

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