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Thief pulls off colossal, $600m crypto-robbery …and gives the money back

The largest crypto-robbery in history is rapidly turning into the most bizarre as well. Let’s start at the beginning… In an apparent scream for mercy, 21 hours ago the Poly Network Team reached out via Twitter to “hacker(s)” that had managed to transfer roughly $600 million in digital tokens out of its control and into separate cryptocurrency
Publish At:2021-08-11 11:57 | Read:3219 | Comments:0 | Tags:Reports Binance bitcoin defi Ethereum government regulation

Is crypto’s criminal rollercoaster approaching a terminal dip?

It’s a turbulent time in the cryptomining realm, especially for malware authors. Some big attacks and a lot of publicity has resulted in prolific groups promising to disband, even if potentially only temporarily. Running a tight(er) ship The mining banhammer continues to swing as China keeps putting pressure on miners to do it elsewhere. The US is tipp
Publish At:2021-07-14 10:27 | Read:2115 | Comments:0 | Tags:Ransomware bitcoin CPU crypto cryptomining farms GPU ransomw

Do the Benefits of Bitcoin Outweigh the Risks?

What do Burger King and the popular “Doge” meme have in common? They both have cryptocurrencies named after their likeliness. WhopperCoin and Dogecoin are just two examples of the thousands of types of cryptocurrencies that have caught users’ attention over the past few years. Cryptocurrencies are digital tokens generated by a computer after solving complex
Publish At:2021-06-23 00:09 | Read:1231 | Comments:0 | Tags:Consumer Cyber Awareness Bitcoin cryptocurrency blockchain

Black Kingdom ransomware

Black Kingdom ransomware appeared on the scene back in 2019, but we observed some activity again in 2021. The ransomware was used by an unknown adversary for exploiting a Microsoft Exchange vulnerability (CVE-2021-27065). The complexity and sophistication of the Black Kingdom family cannot bear a comparison with other Ransomware-as-a-Service (RaaS) or Big Ga
Publish At:2021-06-17 06:09 | Read:1904 | Comments:0 | Tags:Malware descriptions Bitcoin Encryption Malware Descriptions

DOJ recovers pipeline ransom, signals more aggressive approach to cybercrime

The US Department of Justice announced Monday that it recovered much of the ransomware payment that Colonial Pipeline paid to free itself from the attack that derailed the oil and gas supplier’s operations for several days last month. The seizure of 63.7 of the initial 75 paid bitcoins represented the first success of the Justice Department’s Ransomware a
Publish At:2021-06-08 07:58 | Read:1406 | Comments:0 | Tags:Malwarebytes news bitcoin bitcoin address colonial pipeline

Token Resistance: Tackling the New NFT Threat Landscape

Nonfungible tokens (NFTs) are big business — but come with significant cyber- and crypto-security risk. Part of the problem is that the NFT landscape is poorly understood. They also make up part of a massively overpriced blockchain-based network that could open the door to new security threats. So, how do companies prepare for the coming storm of NFTs
Publish At:2021-05-26 19:08 | Read:1474 | Comments:0 | Tags:CISO Risk Management Security Services NFT Bitcoin Cryptowar

Bizarro: a banking Trojan full of nasty tricks

Researchers have discovered a new banking Trojan that has been found targeting customers of European and South American banks. They have dubbed the new Trojan Bizarro. How does Bizarro spread? The Bizarro malware spreads via Microsoft Installer (MSI) packages. Identified sources so far have been spam emails and attackers may also use social engineering
Publish At:2021-05-18 14:49 | Read:1287 | Comments:0 | Tags:Malware banking Trojan bitcoin bizarro brazilian clipboard s

Bitcoin down: 51% attack? No, put the blame on Elon Musk

The price of Bitcoin falls after Elon Musk declared that its company, Tesla, may have sold holdings of the cryptocurrency We have a long-debated about the possibility that the Bitcoin price could be influenced by threat actors through 51% attacks, but recent events demonstrate that it could be easier to manipulate its value. A simple Tweet from an infl
Publish At:2021-05-17 05:04 | Read:1889 | Comments:0 | Tags:Breaking News Digital ID Bitcoin cryptocurrency Cybersecurit

Bitcoin scammers phish for wallet recovery codes on Twitter

We’re no strangers to the Twitter customer support DM slide scam. This is where someone watches an organisation perform customer support on Twitter, and injects themselves into the conversation at opportune moments hoping potential victims don’t notice. This is aided by imitation accounts modelled to look like the genuine organisation’s account.
Publish At:2021-04-28 16:59 | Read:1815 | Comments:0 | Tags:Social engineering bitcoin cryptocoin NFT phish phishing rec

Digital Divorce: Who Gets the Airline Miles and Music Files?

Something you’ll want to know about all those movies, mp3s, eBooks, air miles, and hotel points you’ve accrued over the years: they’re digital assets that can factor into a divorce settlement.  Understandably, several factors determine the distribution of assets in a divorce. However, when it comes to dividing digital assets, divorce settlements and proceedi
Publish At:2021-04-20 14:05 | Read:1713 | Comments:0 | Tags:Consumer Family Safety Bitcoin cryptocurrency digital divorc

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:1471 | 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:1552 | 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:1707 | 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:1972 | 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:2155 | Comments:0 | Tags:Ransomware bitcoin data exfiltration egregor extortion Franc

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