• Menu
  • Skip to main content
  • Skip to primary sidebar

The Cyber Security News

Latest Cyber Security News

Header Right

  • Latest News
  • Vulnerabilities
  • Cloud Services
Cyber Security News

London Police Warn of Crypto Muggings – Report

You are here: Home / General Cyber Security News / London Police Warn of Crypto Muggings – Report
May 9, 2022

Victims misplaced tens of thousands of pounds’ worth of electronic forex in the second fifty percent of 2021 right after a spate of incidents in which thugs compelled them to unlock their smartphones, in accordance to a new report.

The Metropolis of London police furnished Freedom of Data data to The Guardian which uncovered that prison gangs are ever more combining actual physical threats with cyber-knowhow to aspect men and women with their virtual currency.

Various anonymized incidents cited in the report expose the type of opportunism driving the surge in criminal offense.

✔ Approved Seller From Our Partners
Malwarebytes Premium 2022

Protect yourself against all threads using Malwarebytes. Get Malwarebytes Premium with 60% discount from a Malwarebytes official seller SerialCart® (Limited Offer).

➤ Activate Your Coupon Code


In one particular, an unique trying to order a taxi on their phone experienced it seized by muggers, who then transferred £5000 of Ethereum from their Coinbase account in advance of handing it back again.

In a further, a gentleman was held from a wall when thugs opened his device making use of facial recognition right before transferring £6000 of Ripple out of his account.

Occasionally the losses are even increased.

A single account tells of a gentleman accosted though he was vomiting beneath a bridge. The mugger reportedly pressured him to unlock his phone through fingerprint scan and then stole more than £28,000, which includes cryptocurrency.

A different sufferer experienced £10,000 stolen from their Crypto.com account after pickpockets functioning in a pub grabbed his smartphone. He thinks they experienced beforehand shoulder-surfed his PIN.

Whilst blockchain technically permits investigators to trace the route of transactions, police don’t have the sources to glance at reasonably little losses like the kinds earlier mentioned, according to the report.

On the other hand, if these incidents could be pieced with each other and connected to a bigger structured criminal offense operation, there might be a lot more possibility of a formal investigation, it included.

Given the previously mentioned transpired in the relatively little location patrolled by the Town of London law enforcement, the genuine scale of these emerging crimes could be even bigger.

Increasing user consciousness will be an vital component of any law enforcement reaction.

“You would not stroll down the road keeping £50 notes and counting them. That should utilize to persons with crypto belongings,” reported Phil Ariss, head of the Countrywide Police Chiefs’ Council cryptocurrency workforce.


Some areas of this short article are sourced from:
www.infosecurity-magazine.com

Previous Post: «ukrainian cert warns citizens of a new wave of attacks Ukrainian CERT Warns Citizens of a New Wave of Attacks Distributing Jester Malware

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Report This Article

Recent Posts

  • London Police Warn of Crypto Muggings – Report
  • Ukrainian CERT Warns Citizens of a New Wave of Attacks Distributing Jester Malware
  • U.S. Offering $10 Million Reward for Information on Conti Ransomware Hackers
  • Researchers Develop RCE Exploit for the Latest F5 BIG-IP Vulnerability
  • U.S. Sanctions Cryptocurrency Mixer Blender for Helping North Korea Launder Millions
  • This New Fileless Malware Hides Shellcode in Windows Event Logs
  • QNAP Releases Firmware Patches for 9 New Flaws Affecting NAS Devices
  • Data breach Discovered at IKEA Canada impacts 95,000 Customers
  • NIST Updates Supply Chain Cybersecurity Guidance
  • Apple, Google, Microsoft expand their support for password-less sign-ins

Copyright © TheCyberSecurity.News, All Rights Reserved.