Bitcoins hacker news network

bitcoins hacker news network

Hackers exploited a vulnerability in a protocol called Poly Network stealing more than $ million worth of cryptocurrency. Read the latest cryptocurrency security news from The Daily Swig. watchcoinprice.com hack Fake crypto-mining Android apps net fraudsters $k. New York (CNN Business) North Korean hackers stole nearly $ million worth of cryptocurrency in , making it one of the most lucrative. ICO DEFINITION ETHEREUM

The massive international cryptocurrency exchange Crypto. The company did not provide specific details about the improvements. The police broadly denied the report, but on Thursday, Israeli attorney general Avichai Mandelblit told the chief of police that he is launching an investigation into the claims.

Interpol announced this week that Nigerian law enforcement arrested 11 suspected business email compromise scammers in mid-December. BEC is a dominant type of online scamming in which attackers use lookalike email accounts, fake personas, and phishing to trick businesses into sending money to the wrong places. Often this is done by compromising an email account within a target organization to make a ruse look more legitimate.

Interpol said this week that after evaluating the devices of the 11 suspects, it has linked them to scams that victimized more than 50, targets. One suspect alone allegedly possessed more than , potential victim website credentials, Interpol said, while had access inside 16 companies that were actively sending money to SilverTerrier-linked accounts.

The directive particularly focused on sensitive federal IT infrastructure among the Department of Defense, intelligence agencies, and their contractors. The measure mandates security best practices like implementing encryption, supporting two-factor authentication, adding network detection capabilities, and using other cloud defense mechanisms.

The memo essentially syncs requirements for national security agencies with an executive order from May that set security standards for civilian agencies. In recent years, cryptocurrency security has also made waves due to the looming threat of hacks and cyber-attacks against both crypto-exchanges and individuals.

Keep up-to-date below with the latest updates in cybersecurity, cryptocurrency, and crypto security news. Hacker-powered security Human error bugs increasingly making a splash, study indicates. In focus Software supply chain attacks — everything you need to know. Special report North Korean cyber-threat groups become top-tier adversaries. How expired web domains are helping criminal hacking campaigns.

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Soon after the attack, the platform suspended all operations temporarily and declared on its forum that funds of all Poloniex users would be reduced by It was done to protect users: had all customers withdrawn their funds altogether, there would be nothing left for the rest Eventually, those who lost their money were repaid by the company — it was verified by the customers.

The rumor goes that another Poloniex hack took place in , but the official representatives did not confirm that. Even if the Bitcoin hack did occur, Poloniex continues delivering a sufficient level of service quality. Hackers found a vulnerability in the shared online web host Linode and managed to steal about 46, Bitcoins from Linode users.

The majority of the funds 43, BTC was stored in Bitcoinica exchange platform. The second attack on Bitcoinica was made 2 months later: hackers stole 18, BTC. That finally sank the company and it declared itself bankrupt. The Slovenian-based startup was established in to be a safer alternative to Mt. However, it appeared to be a poor alternative because of the Bitstamp hack that took place in Today, Bitstamp still operates and even managed to get back some of its previous users.

After the attack, it took drastic measures to boost security, including the introduction of BitGo multisig wallets for operational purposes. This cryptocurrency exchange platform was hacked in hackers accessed unencrypted private keys that were stored online for backups. At that time, loss of 24, BTC wasn't dramatic, and the company managed to refund customers. However, it closed soon due to regulatory measures, as the founder stated in All of the above-mentioned cases show that mostly those exchange platforms are to blame for the financial loss; security breaches are found at the application level.

The blockchain itself is failure-proof, but the websites where transactions take place rely on different programming languages and technologies. Does it mean you cannot prevent Bitcoin fraud? Register on reliable and trustworthy platforms only. Read customer reviews, visit forums - find information about the digital security of platforms and their history. Find out which security measures are taken by the exchange platform: SSL encryption, multisig wallet, and other high-grade technologies are important for keeping website secure.

Store your cryptocurrency on a cold wallet. This is a piece of hardware that ensures rock-solid protection of digital funds because the private keys are available for the wallet owner only. Do not let anyone know your private keys and login credentials.

Whenever you copy and paste the Bitcoin wallet address , double check its correctness. There's a malware that can alter the wallet number when you paste it in the wallet field during transactions. Set up 2-step authentication on your account.

Such practice usually means an SMS confirmation of login. This way, you will know whenever someone attempts to access your account. Can Bitcoin be hacked? These examples show that everything is possible: unsleeping hackers keep finding new ways of compromising the security of crypto exchanges and the PCs of investors. As soon as developers detect vulnerability and eliminate them, malicious programmers find out how to hack Bitcoin in a different way. Therefore, you should always be on the guard.

Bitcoin is not just a good investment opportunity - it's bait for investors that is masterly used by cybercriminals. In some cases, hot wallet services like Crypterium , Wirex or Blockchain. Obviously, you should only entrust your keys to respected providers such as the aforementioned. Nowadays, we receive plenty of emails a day. Hackers know this and have the tools to leverage it against you. While some of you may realize an official representative will never ask for such information, others may fall into the trap and provide the information.

Remember that private keys are like PIN codes. No official bank representative will call you or send you an email asking for such information. If you get a message of such kind, get in touch with official representatives and report the issue as soon as possible.

And hackers are constantly trying different ways to get hold of it. Keyloggers are malwares that record every seed, password and PIN introduced on your computer or mobile device and then transfer them to hackers. If the malware makes it to your device, then it becomes an easy gateway for hackers to access your private keys.

But… how do they get into your device in the first place? Well, there are basically three ways you can get infected with a keylogger:. Hackers will go to any length to steal cryptocurrency, and fake wallets are a great example of how far they are willing to go. A recent study found several apps on Google App Store impersonating Trezor, a popular cryptocurrency wallet service.

A useful tip to avoid falling into this trap is downloading the app straight from the official website of the wallet service. The Crypterium Wallet, for instance, asks for your phone number to send you a safe link that takes you to the app store. Suddenly, a representative from that company reaches out to tell you about an exclusive pre token sale offer. Sounds like a deal, right? Impersonating companies, cryptocurrency exchanges or people is one of the most common ways hackers rely on to gain access to your funds.

They will convince you to transfer an X number of bitcoins to specific addresses. Then, ask you to share data to access certain perks, etc. Similarly to keyloggers, Trojans can enter your computer and monitor your behavior, stealing anything that resembles a cryptocurrency private key. Regular antivirus checks, downloading files from secure sources, etc.

If a cryptocurrency Trojan gains access to your device and identify your keys, a hacker can easily wipe out your Btc address in a matter of minutes without you even noticing. From print screens to grammar checks, browser extensions make our lives easier in so many ways. But their hidden nature also makes a potential threat to our security.

So the next time you give access to an extension, verify the company or developer behind it, and double check reviews online. Two factor authentication, or 2FA, is an extra layer of security that trusted wallet providers like Crypterium use to ensure real users are behind certain transactions or operations. Only a few respected firms are allowed to do so. Yet, some fraudulent companies might find a way around and launch short-lived campaigns targeting people willing to buy or sell cryptocurrencies.

A common red flag is the ridiculously competitive rates or fees offered by these services. As a general rule, always go with licensed companies instead of trying unknown providers.

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