The owner of a cryptocurrency exchange used to launder millions of dollars gained from fake online auctions has been jailed for 10 years. Security Capitol attack’s cybersecurity fallout: Stolen laptops, lost data and possible espionage Cyber security 101: Protect your privacy from hackers, spies, and the government The biggest hacks, data breaches of 2020 The best VPNs for business and home use The best security keys for two-factor authentication How ransomware could get even more disruptive in 2021 (ZDNet YouTube) How to improve the security of your public cloud (TechRepublic) Rossen Iossifov, the Bulgarian owner of RG Coins, was sentenced for his role in laundering criminal proceeds obtained from defrauded victims that were converted and funneled through cryptocurrency exchanges in order to hide the criminal sources of the dirty cash. The 53-year-old “intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the US Department of Justice (DoJ) said on Tuesday. The multimillion-dollar criminal scheme began with criminals based in Romania who operated a “large-scale” online auction scam that roped in at least 900 US citizens. Websites including Craigslist and eBay were used to list high-ticket items… Read full this story
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