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Latest coverage for Cryptocurrency

Cryptocurrency security covers theft, fraud, ransomware payments, wallet compromise, and blockchain risks involving digital assets and transactions.

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Cryptocurrency is a digital asset secured by cryptography and recorded on a decentralized blockchain ledger. It enables peer-to-peer transactions without intermediaries, relying on consensus mechanisms like proof-of-work or proof-of-stake to validate and add transaction blocks. Users control funds through private keys, which are critical for accessing and transferring cryptocurrency.

From an information security perspective, protecting private keys is paramount, as their compromise leads to irreversible theft. Cryptocurrency exchanges and wallet software are frequent targets for hacking, requiring robust security controls and vulnerability management. Additionally, the pseudonymous nature of transactions can facilitate illicit activities, challenging efforts to trace funds and enforce compliance. Defenses include hardware wallets, multi-factor authentication, and secure key management practices to mitigate risks inherent in cryptocurrency operations.

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Bank Info Security 1 year, 1 month ago

Cryptohack Roundup: $223M Cetus Exploit

Also: Mango Markets Hacker's Convictions Overturned, Coinbase LawsuitThis week, $223M Cetus Protocol hack, U.S. judge overturned Mango Markets hacker convictions, class action lawsuit against Coinbase, Cork Protocol's $12M exploit, fake software sites spread crypto-stealing malware, a violent crypto-linked kidnapping and civil proceedings against the ex-ACX exec.

Bank Info Security 30 May 2025, 3:30 a.m. America Cryptocurrency Exploit Hacking Lawsuit Malware Theft
Bank Info Security 1 year, 1 month ago

PumaBot Malware Targets Linux IoT Devices

Stealthy Malware Installs Cryptomining SoftwareA botnet targeting Internet of Things devices works by brute forcing credentials and downloading cryptomining software. Researchers call the botnet "PumaBot," since its malware checks for the string "Pumatronix," the name of a Brazilian manufacturer of surveillance and traffic camera systems.

Bank Info Security 29 May 2025, 9:30 a.m. Botnet Brazil Credentials Cryptocurrency IoT Linux Malware Research