FBI, CBI discuss means to combat emerging crimes including cyber, telemarketing frauds

Adelegation of US’s Federal Bureau of Investigation (FBI) met the officials of Central Bureau of Investigation this week for better cooperation while investigating cyber-enabled financial frauds and global telemarketing frauds, officials said. Along with the officials from FBI, Deputy Assistant Attorney General Arun…

Explained: What is monero? Why some cybercriminals prefer it over Bitcoin?

Monero was released in 2014 by a consortium of developers Monero operates on its own blockchain, which hides virtually all transaction details Monero received an anonymous donation of $500,000 last week Cybercriminals, who believed that cryptocurrency transactions would save them from scrutiny and legal crackdown, got…

Explained: How US managed to get Colonial Pipeline’s Bitcoin ransom back

Colonial Pipeline had paid $4.5 million (75 Bitcoins) after its network was hackedThe FBI managed to track and retrieve $2.3 million (63.7 Bitcoins) from the cybercriminal group responsible for the attackThe recovery of the ransom shows that cryptocurrency can be traced The US recently announced that it had recovered…