THELOGICALINDIAN - According to a account address from eWEEK the afresh afraid Hacking Team accurately targeted Bitcoin and added cryptocurrencies to acquiesce government admiral and lawenforcement agencies to chase the money trail
Milan-based Hacking Team provides advance and surveillance software to governments and law administration agencies about the world. In aboriginal July, the accumulation was publically dismantled as about 400GB of baseborn centralized aggregation documents were broadcast online.
According to an email bulletin that was acquaint on Wikileaks, Daniele Milan, Operations Manager of the Hacking Team said,
“Cryptocurrencies are a way to accomplish untraceable transactions, and we all apperceive that abyss adulation to calmly launder, move, and advance atramentous money. LEAs, by application our Intelligence bore accumulated with this new capability, can associate the acceptance of cryptocurrencies, acquisition the banking caliginosity they provide.”
The remote-access and surveillance belvedere decidedly focused on tracking the use of Bitcoin, Litecoin, Feathercoin and Namecoin application its anew developed functionality alleged the Remote Control System Galileo. With this software, the aggregation afraid the users’ wallets, waited for the passwords to be entered, and acquired complete admission to their capacity (transaction history and acquaintance information), depriving them of the anonymity affection that the cryptocurrencies are accepted for.
The software is airy to the user, evades antivirus and firewalls, and advance all the affairs and advice after clarification the accessory battery. It hacks into the accessory with the best avant-garde infection vectors available.
Bitcoin and added cryptocurrencies accept been accounted to be complex in actionable operations and the law agencies accept been acute adamantine to catch bottomward on their use. Andrew Conway, a analysis analyst with messaging aegis close Cloudmark, told eWEEK,
“Drug purchases, actionable appurtenances purchases, actionable gambling, and one that we see all the time, ransomware, is facilitated by Bitcoin. Obviously, if you are in law enforcement, you are absorbed in these transactions, because Bitcoin is an acrimony and will end up actuality added than an annoyance.”
Image: Engadget
