Articles Posted in Cyber Crime

Manhattan federal agents arrested Archegos Capital Management founder Sung Kook “Bill” Hwang on April 27, 2022 on fraud charges, roughly one year after the investment firm’s huge losses back in March 2021. Department of Justice prosecutors are charging both Hwang and Patrick Halligan, the firm’s chief financial officer, with racketeering conspiracy, securities fraud and wire…

Attorney General Merrick Garland made recent comments about what he considered to be the Department of Justice’s top priorities for 2022. Since taking office in March 2021, Garland has tried to combat crime in a tumultuous time. He has been criticized for his handling of January 6 investigation and has stated it’s the most urgent…

The IRS has just announced that Operation Hidden Treasure will seek to find taxpayers with unreported income from currency transactions. Did you notice the new question on page 1 of the Tax Form 1040? It states, “At any time during 2020 did you receive any financial interest in virtual currency?” Last year this question was…

After the Hack: A Data Breach Post Game Show As chair of the Cyber Crime committee at iTechlaw, Meg Strickler gives her insight on data breaches from various perspectives on an iTechlaw webinar this week. She and the other panelists discuss: Please watch here: https://lnkd.in/gjHgVWt

Cyber extortion threats are on the rise. The threat the hacker uses is that if a certain amount of money is not paid, then information of some sort will be exposed. Hackers gain access through a digital break in. Cyber extortion is different then ransomware attacks. Ransomware will render a hard drive/server/file unreadable/unaccessible until a…

Cyber Crime: Bitcoin is fast becoming a player in the online marketplace. People are starting to make investments in electronic currency in hopes of cashing in on its wealth-building opportunities. Criminals seeking to scam others out of hard earned cash are also in the mix because Bitcoin’s blockchain technology lends itself to anonymous transactions. Cyber…

The rise of “big data” has been one of the most important developments in the internet era. What exactly is big data? It has been defined as a “term describing the storage and analysis of large and or complex data sets using a series of techniques”. And big data is infiltrating every aspect of our…