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Why Coin Miners Go Bad & How to Protect Your Tech When They Do

Cryptocurrency enthusiasts are flocking to the Wild West of Bitcoin and Monero to cash in on the recent gold rush. Bitcoin’s meteoric rise in value is making coin mining an appealing hobby or even a whole new career. Coin mining software is the main tool in a prospector’s belt.   Some coin miners, also known as cryptocurrency miners, are tempted by the dark
Publish At:2021-04-15 15:38 | Read:130 | Comments:0 | Tags:Consumer Bitcoin cryptocurrency cryptojacking coin mining

Fake Trezor app steals more that $1 million worth of crypto coins

Several users of Trezor, a small hardware device that acts as a cryptocurrency wallet, have been duped by a fake app with the same name. The app was available on Google Play and Apple’s App Store and also claimed to be from SatoshiLabs, the creators of Trezor. According to the Washington Post, the fake Trezor app, which was on the App Store for at least t
Publish At:2021-04-07 08:11 | Read:158 | Comments:0 | Tags:Social engineering Apple App Store bitcoin cryptocurrency sc

Teen behind 2020 Twitter hack pleads guilty

The so-called “mastermind” behind the 2020 Twitter hack that compromised the accounts of several celebrities and public figures—including President Barack Obama, Bill Gates, and Elon Musk—pleaded guilty to several charges on Tuesday in a Florida court. As part of an agreed-upon plea deal with prosecutors, Graham Clark will serve three years in juvenile pr
Publish At:2021-03-17 08:48 | Read:238 | Comments:0 | Tags:Cybercrime Social engineering Barack Obama bill gates Bit-co

Nvidia announces official “anti-cryptomining” software drivers

byPaul DucklinNvidia, the graphics chip company that wants to buy ARM, made a unusual announcement last week.The company is about to launch its latest GeForce GPU (graphics processing unit) chip, the RTX 3060, and wants its users know that the chip is “tailored to meet the needs of gamers and those who create digital experiences.”Nvidia says: Our
Publish At:2021-02-21 21:31 | Read:299 | Comments:0 | Tags:Cryptocurrency bitcoin BTC cryptocoins cryptocurrency DOS ET

Egregor ransomware hit by arrests

In a collaboration between French and Ukranian law enforcement, arrests have been made that might put a dent in one of the world’s most sophisticated ransomware operations. As reported first by France Inter, law enforcement made the arrests after French authorities traced ransom payments to individuals located in Ukraine. While the arrests have
Publish At:2021-02-16 14:30 | Read:311 | Comments:0 | Tags:Ransomware bitcoin data exfiltration egregor extortion Franc

Dovecat crypto-miner is targeting QNAP NAS devices

QNAP is warning customers of a new piece of malware dubbed Dovecat that is targeting NAS devices to mine cryptocurrency. Taiwanese vendor QNAP has published a security advisory to warn customers of a new piece of malware named Dovecat that is targeting NAS devices. The malware was designed to abuse NAS resources and mine cryptocurrency. The malware tar
Publish At:2021-01-21 19:54 | Read:417 | Comments:0 | Tags:Breaking News Internet of Things Malware Bitcoin Cryptocurre

Russian Alexander Vinnik sentenced in Paris to five years in prison for money laundering

Russian citizen Alexander Vinnik was sentenced in Paris to five years in prison for money laundering and ordered to pay 100,000 euros in fines. Russian citizen Alexander Vinnik was sentenced in Paris to five years in prison for money laundering and ordered to pay 100,000 euros in fines. The man went on trial in Paris for having defrauded nearly 200 vic
Publish At:2020-12-08 11:12 | Read:533 | Comments:0 | Tags:Breaking News Cyber Crime Alexander Vinnik Bitcoin BTC-e Bit

Cyberthreats to financial organizations in 2021

It is hard to believe that a year has gone since our last article on financial attacks and our predictions for 2020. It has been a tough one, but first things first. Let us review the forecasts we made at the end of 2019 and see how accurate we were. Then we will go through the key events of 2020 relating to financial attacks. Finally, we need to make a fore
Publish At:2020-11-30 07:55 | Read:826 | Comments:0 | Tags:Featured Kaspersky Security Bulletin ATM attacks Bitcoin Cre

US authorities behind $1 billion Bitcoin transaction of Silk Road funds

The United States announced the seizure of $1 billion worth of Bitcoin stolen by an individual from the Silk Road marketplace. On November 3, The United States this week announced that it has seized $1 billion worth of Bitcoin stolen by an individual from the Silk Road marketplace over half a decade ago. “The United States filed a civil complaint
Publish At:2020-11-06 14:47 | Read:737 | Comments:0 | Tags:Breaking News Cyber Crime Deep Web Digital ID Uncategorized

Someone emptied a $1 billion BitCoin wallet ahead of Presidential Election

Yesterday almost $1 billion worth of cryptocurrency contained in a password-protected BitCoin wallet was moved to another wallet. Ahead of the 2020 Presidential election a mysterious transaction was noticed by cyber security experts and researchers. Someone has transferred almost $1 billion worth of cryptocurrency contained in a password-protected Bit
Publish At:2020-11-04 10:50 | Read:727 | Comments:0 | Tags:Breaking News Digital ID Bitcoin Hacking hacking news inform

Keeping ransomware cash away from your business

A ransomware gang has made headlines for donating a big chunk of stolen funds to two charities. Two separate donations given to Children International and The Water Project rang tills to the tune of $10,000 each. Their reason was that they’re targeting “only large profitable corporations, we think it’s fair that some of the money they’ve paid will go to char
Publish At:2020-10-27 15:23 | Read:829 | Comments:0 | Tags:Cybercrime Malware bitcoin charities charity donations illeg

VideoBytes: Twitter gets hacked!

Hello dear readers, and welcome to the latest and greatest from VideoBytes: a brand new, video feature that we announced just yesterday. On our debut post today, we’re talking to you about the Twitter hack, in which hackers accessed the Twitter accounts of 130 high profile figures, like Barack Obama, Joe Biden and Elon Musk by gaining access to an
Publish At:2020-10-01 14:45 | Read:764 | Comments:0 | Tags:VideoBytes Barack Obama bill gates bitcoin BitCoin Scam elon

Bitcoin Exchange Owner Convicted for Role in Web Auction Fraud Scheme

A federal jury convicted the owner of a bitcoin exchange for his role in a multi-million dollar scheme involving online auction fraud.On September 28, a federal jury in Frankfort, Kentucky found Bulgarian national Rossen Iossifov, 53, guilty of one count of conspiracy to commit racketeering and one count of conspiracy to commit money laundering.This convicti
Publish At:2020-09-30 12:20 | Read:538 | Comments:0 | Tags:IT Security and Data Protection Latest Security News auction

INVDoS, a severe DoS issue in Bitcoin core remained undisclosed for two years

The INVDoS (Bitcoin Inventory Out-of-Memory Denial-of-Service)Attack would have allowed hackers to crash Bitcoin nodes and alternative chains. Two years ago, the Bitcoin protocol engineer Braydon Fuller. discovered a major uncontrolled memory resource consumption denial-of-service vulnerability (INVDoS), tracked as CVE-2018-17145, that affected the peer-t
Publish At:2020-09-12 11:54 | Read:874 | Comments:0 | Tags:Breaking News Digital ID Hacking Bitcoin Bitcoin Core DOS ha

Tor and anonymous browsing – just how safe is it?

byPaul DucklinAn article published on the open-to-allcomers blogging site Medium earlier this week has made for some scary headlines.Written as an independent research piece by an author going only by nusenu, the story is headlined:How Malicious Tor Relays are Exploiting Users in 2020 (Part I)[More than] 23% of the Tor network’s exit capacity has been attack
Publish At:2020-08-13 13:53 | Read:1017 | Comments:0 | Tags:Privacy bitcoin Exit node MITM Scam snooping surveillance To