French police rescued the father of a wealthy cryptocurrency entrepreneur in a nighttime raid after he was taken hostage for ransom, the latest alleged criminal effort in France to extort people involved in the management of digital assets.
The man was kidnapped Thursday morning in Paris, the prosecutor’s office said Sunday. “The victim turned out to be the father of a man who made his fortune in cryptocurrencies, and the incident was accompanied by a ransom demand,” its statement said, without giving their names or other specifics about their identities. Police investigators located the hostage in a house in the Essonne region south of Paris, from which he was rescued on Saturday night, the prosecutor’s office said.
Read more…
Source: AP News
Sign up for our Newsletter
The latest news and insights delivered right to your inbox.
Related:
- Hundreds of organizations breached by SharePoint mass-hacks
July 23, 2025
Security researchers say hackers have breached at least 400 organizations by exploiting a zero-day vulnerability in Microsoft SharePoint, signaling a sharp rise in the number of detected compromises since the bug was discovered last week. Eye Security, a Dutch cybersecurity firm that first identified the vulnerability in SharePoint, a popular server software that companies use to ...
- Q2 2025 Ransomware Trends Analysis: Boom and Bust
July 22, 2025
Q2 2025 features many of the threat actors Rapid7 observed in Q1, with the top four leak site post groups quite a ways out in front of the rest. Qilin leads the pack by some distance, with SafePay and Akira in second place, and Play in third position. Lynx and INC Ransom lead the charge in ...
- #StopRansomware: Interlock
July 22, 2025
Since September 2024, Interlock ransomware actors have impacted a wide range of businesses and critical infrastructure sectors in North America and Europe. These actors are opportunistic and financially motivated in nature and employ tactics to infiltrate and disrupt the victim’s ability to provide their essential services. Interlock actors leverage a double extortion model, in which they ...
- Microsoft releases urgent SharePoint security flaw patches
July 21, 2025
Microsoft has released an urgent patch to fix a zero-day vulnerability affecting on-premises SharePoint servers. The vulnerability is already being exploited in the wild, which is why users are urged to apply the patch immediately and secure their assets. Three Microsoft products were said to be affected: SharePoint Server Subscription Edition, SharePoint Server 2019, and SharePoint ...
- Hong Kong’s PCPD launches investigation into LVHK data breach case
July 21, 2025
French luxury brand Louis Vuitton recently reported a data breach affecting nearly 420,000 customers in Hong Kong, according to a Sunday report by a local newspaper. According to Xianggang Wenweipo, Hong Kong’s Office of the Privacy Commissioner for Personal Data (PCPD) said on Saturday that it received a notification from Louis Vuitton Hong Kong (LVHK) on ...
- CVE-2025-54309: CrushFTP Zero-Day Exploited in the Wild
July 18, 2025
On Friday, July 18, 2025, managed file transfer vendor CrushFTP released information to a private mailing list on a new critical vulnerability, tracked as CVE-2025-54309, affecting versions below 10.8.5 and 11.3.4_23 across all platforms. According to the public-facing vendor advisory, this vulnerability in the CrushFTP managed file transfer software web interface is being exploited in the ...