A chieftain of the Peoples Democratic Party, Dr Umar Ardo, whose daughter, Aisha, was kidnapped on Saturday, said he paid $15,000 bitcoin ransom to secure Aisha release. Daily Trust reports that Dr Ardo was contacted by one of the kidnappers on Sunday at about 9:56am. They said his daughter would return to him safely if…
The United States Treasury on Friday sanctions three hacking groups they claimed were sponsored by North Korea that were allegedly involved in the “WannaCry” ransomware attacks demanding bitcoin cryptocurrency from its victims. According to Wikipedia, “The WannaCry” ransomware attack was a May 2017 worldwide cyberattack by the WannaCry ransomware cryptoworm. It targeted computers running the…
Cybercrime is an emerging serious threat to our society today. Worldwide governments, police departments and intelligence units have started to react. This is so because crime is the direct opposite of development. It leaves a negative social and economic consequence. Cybercrime can be seen as any unlawful act committed on the internet using the computer…
Lately, the global interest in bitcoins has grown. So, it becomes extremely important to understand the basics of bitcoin and other virtual currencies. Bitcoin, and its alternatives are all based on cryptographic algorithms which are encrypted. This makes the currency decentralized giving ownership to the user. These can be purchased through an online exchange or…
Recently, the rate of cyber crimes is rapidly increasing. Day in day out,headlines about the latest cybercrime dominate the news agenda. Criminals continue to target high profile organizations and individuals at the scale and show no signs of slowing down. Ranging from personal data consuming theft, to financial information leakage, to copyright materials these attacks…
Changed from Cryptocurrency And Tech Crimes to Cryptocurrency And Cyber Crimes The popularity of quick money making schemes is on increase in the country. We have recorded not enough Cryptocurrency And Cyber Crimes in Nigeria since 2019. The use of cryptocurrency in the country is no doubt a very popular development. It is mostly popular…
