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Stories of Interest
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
- BigLaw Hogan Lovells Announces Hundreds of Buyouts, Layoffs - Almost 500 Affected
- Faith-Based Advisor Censured for Selling Class A Shares to Clergy
- After FINRA Bar, CFP Board Suspends Texas Advisor
- iCapital Network to Acquire U.S. Private Equity Access Fund Platform from Deutsche Bank
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NEWSLETTERS & ALERTS
Welcome to 'Popcorn Time' - Ransomware Version of a Ponzi Scheme
You receive a pop-up message that your computer has been hacked and is being held hostage. To regain access to your computer, you can either make a ransom payment of one bitcoin - worth today around $2,850 - or you can try and infect 2 new people on behalf of the attackers.
According to the NYTimes, cybersecurity experts refer to this new form of payoff, which began late last year, as "Popcorn Time ransomware." So marks the first Ponzi scheme for one of the oldest, and most prevalent, forms of cyberattacks.
Talk about growth industries. In 2016, cyber criminals took in some $1 billion. [It's probable that the figure is way higher - given the numbers of victims who never report hacking incidents.] Imagine what that number will reach in 2017 - especially given the meteoric rise in the bitcoin market!