The Biden administration is allegedly preparing to sanction financial exchanges that facilitate illicit digital payments to cybercriminals. How will this new initiative impact businesses?

Walmart Inc. was at the center of a hoax aimed at manipulating the price of Litecoin. The incident illustrates how fake news and misinformation campaigns on social media are becoming a greater threat to businesses. 

Lookout, Inc. announced the discovery of major crypto mining scams using hundreds of Android apps. In total, security researchers at the Lookout Threat Lab identified more than 170 apps that are estimated to have scammed more than 93,000 victims.

According to data presented by Finaria.it, crypto criminals stole $1.9B in 2020, down from $4.5B in 2019.

A report by NTT Security has warned that organizations could be targeted by malware designed for mining cryptocurrency.