A former Secret Service special agent yesterday pleaded guilty to diverting $800,000 worth of bitcoins into his own account during an investigation into online black market site Silk Road. Appearing in a San Francisco federal court, Shaun Bridges also admitted money laundering and obstruction of justice charges. Computer forensics expert Bridges belonged to the Baltimore Silk Road...

Intransigent sort-of hacker collective Lizard Squad is back. Apparently. Last week, the UK’s National Crime Agency (NCA) announced the arrest of six youngsters, aged 15 to 18, for alleged DDoS cybercrimes. DDoS is short for Distributed Denial of Service, and it’s a type of cyberattack in which a crook gets anywhere from hundreds to hundreds...

The FBI is warning businesses to be on the lookout for emails sent by scammers to trick them into transferring money to fraudulent accounts. Email scams have been around for decades, but old-school Advance Fee Fraud scams these are not. The FBI calls this family of scams “Business Email Compromise” (BEC) scams, because they use phony emails that...

Nigerian scammers are using more sophisticated techniques to scam businesses especially those in Asia. The scammers are now trying to inject themselves in between transactions in the hope of diverting funds into their accounts. Typically, the Microsoft Word Intruder exploit kit to create infected word documents which are then emailed to specific targets. Once opened the...