Cybersecurity

Auto Added by WPeMatico

Study Finds Cryptocurrency Scams Surged 40% in 2020, Forecasts an Increase of 75% in 2021

by

A new study revealed that cryptocurrency-related scams almost doubled over the last year. However, forecasts are not optimistic going forward, as the report forecasts another significant increase in the number of cases in 2021. Research Scanned Over 300 Million Websites According to the “Cryptocurrency Scam Report” published by fraud prevention company Bolster and shared with … Read more

Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

by

A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly. Only 8% of the Funds Were Transferred to Exchanges With Verification Procedures in 2020 Per the findings, in 2020, the firm said … Read more

Japanese Authorities Say the Majority of People Involved in Coincheck’s 2018 Hack Are Individuals With ‘High Social Status’

by

More details keep appearing from the police investigation into the 2018 Coincheck hack that stole $530 million from the crypto exchange. Japanese authorities revealed that most of the individuals involved have a “high social status.” One of the Individuals Took Part in a NEM Swap Deal Is Worth $64 Million According to a report published … Read more

Belgium Energy Minister’s Twitter Account Hacked- Fake Ethereum Giveaway Advertised

by

The official Twitter account of Belgium’s Minister of Energy was the recent victim of a high-profile hacking incident. Tinne Van der Straeten’s profile was hacked to promote a bogus giveaway of ethereum tokens. Hacked Twitter Accounts Whoever was behind the incident changed the minister’s verified profile to “Ethereum Foundation” to make it look legit. First … Read more

Crypto Portfolio Tracking App Apologizes for Racist Messages Sent to Customers- Investigations Underway

by

The crypto portfolio tracker Blockfolio, owned by the exchange FTX, got its messaging system compromised, as racist notifications started to appear. Blockfolio’s users received the offensive messages with a warning that they’re about to lose all funds. Some Offensive Messages Included a URL Reportedly Linked to Pornography According to the crypto tracker and trading app, … Read more

Bitcoin Marketplace Keepchange Suffers Data Breach — No Funds Stolen During the Incident

by

A bitcoin company is the latest victim of a data breach incident, where hackers managed to access customers’ full names and email addresses. Moreover, attackers sent withdrawal requests from the company customers’ accounts to addresses belonging to the hackers. Marketplace Warns Users of Phishing Attacks According to the announcement, Keepchange clarified that attackers stole part … Read more

Expert warns Hackers are Targeting Russian Government’s IT Infrastructure to Mine Cryptocurrencies

by

A state-affiliate cybersecurity expert warned about hackers exploiting the Russian government’s IT facilities to mine cryptocurrencies. The deputy director of the National Coordination Center for Computer Incidents believes such threat actors have been very active in recent times. Global Cybersecurity Landscape Remains ‘Tense’ According to TASS, Nikolai Murashov pointed out that hackers managed to inject … Read more

International Operation Disrupts Ransomware Group Netwalker by Tracing Cryptos With the Help of Blockchain Analysis

by

In collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis. US Authorities Seized Over $454,000 Worth of Cryptocurrencies Per the U.S. Department of Justice’s announcement, the coordinated action took … Read more