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A huge chunk of all scam revenues being tracked by Chainalysis on the blockchain (43%) were sent to wallets that only became active over the past year — something Chainalysis said suggests a surge of newly created scamming campaigns (Credit: Getty Images)

Online scam cycles are getting shorter and more effective, Chainalysis finds 

As enforcement and attribution have improved, scammers are ditching static infrastructure and drawn-out schemes for shorter campaigns that use disposable assets. 
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Lisa Monaco
Deputy Attorney General Lisa Monaco testifies on renewing and strengthening the Violence Against Women Act on Oct. 5, 2021, in Washington. (Photo by Kevin Dietsch / Getty Images)

DOJ beefs up efforts to combat criminal use of cryptocurrencies

The work is part of DOJ's plan to target the infrastructure supporting cybercrime.
House Homeland Security Committee Chairman Bennie Thompson (D-MS) questions witnesses during a hearing on ‘worldwide threats to the homeland’ in the Rayburn House Office Building on Capitol Hill September 17, 2020 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)

Lawmakers say Colonial Pipeline’s refusal to discuss ransom undermines US efforts

The shutdown of Colonial Pipeline has renewed a debate over whether organizations held hostage by hackers should pay them off.
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